Global Ammonia Fertilizer Market, By Product Form (Liquid, Gas, Powder), Application (Fertilizers, Textile, Pharmaceuticals, Refrigerants, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
The ammonia fertilizer market is expected to witness market growth at a rate of 6.35% in the forecast period of 2022 to 2029. Data Bridge Market Research report on ammonia fertilizer market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of agriculture sector globally is escalating the growth of ammonia fertilizer market.
Ammonia refers to a colourless inorganic compound of nitrogen and hydrogen possessing a characteristic pungent smell. The product is generally produced using natural gas, where nitrogen and hydrogen react in the presence of an iron catalyst to form ammonia.
The rise in demand for ammonia in the fertilizer industry across the globe acts as one of the major factors driving the growth of ammonia fertilizer market. The use of the product in the production process of fertilizers and other agrochemicals such as pesticides, and increasing usage for the production of explosives accelerate the market growth. The high reliance on fertilizers among farmers to keep their soils productive and maintain healthy crops, and use in a number of industries such as industrial chemicals and agrochemicals further influence the market. Additionally, expansion of agriculture sector, rise in demand for organic food and high demand for enhanced quality of the crops positively affect the ammonia fertilizer market. Furthermore, use of ammonia as a refrigerant extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, concerns regarding hazardous effects of ammonia in its concentrated form are expected to obstruct the market growth. The stringent regulations are projected to challenge the ammonia fertilizer market in the forecast period of 2022-2029.
This ammonia fertilizer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ammonia fertilizer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ammonia Fertilizer Market Scope and Market Size
The ammonia fertilizer market is segmented on the basis of product form and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product form, the ammonia fertilizer market is segmented into liquid, gas and powder.
- On the basis of application, the ammonia fertilizer market is segmented into fertilizers, textile, pharmaceuticals, refrigerant and others.
Ammonia Fertilizer Market Country Level Analysis
The ammonia fertilizer market is analysed and market size, volume information is provided by country, product form and application as referenced above.
The countries covered in the global ammonia fertilizer market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the ammonia fertilizer market because of the high production of the fertilizer within the region. North America is expected to witness high growth during the forecast period of 2022 to 2029 due to the synthetic fibers plastics, resins, and various other chemical compounds in the region.
The country section of the ammonia fertilizer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glyphosate Market Share Analysis
The ammonia fertilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ammonia fertilizer market.
Some of the major players operating in the ammonia fertilizer market report are BASF SE, CF Industries Holdings, Inc., Rashtriya Chemicals and Fertilizers Limited, China Petrochemical Corporation., EuroChem Group, CF Industries Holdings, Inc., Yara, SABIC, EuroChem Group, Koch Fertilizer, LLC, IFFCO, Togliattiazot and Nutrien Ltd, among others.