How Will Ammonia Market Grow Through 2023-2032?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s Ammonia Global Market Report 2023 offers crucial insights into the ammonia market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global ammonia market size is expected to grow from $66.85 billion in 2022 to $71.02 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The ammonia market size is expected to grow to $90.66 billion in 2027 at a CAGR of 6.3%.
The growth of the fertilizer industry is contributing to the growth of the ammonia market.
- Key Trend – Technological advancement is a key trend gaining popularity in the ammonia market. Companies are investing in new technologies in order to improve energy efficiency and have the lowest CO2 emission.
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- Largest Region – Asia-pacific was the largest region in the ammonia market in 2022.
- Major Players – Major players in the ammonia market are Yara International ASA, BASF SE, CF Industries Holdings, Inc., Nutrien Ltd., SABIC, Eurochem Group, Koch Fertilizer, LLC, China National Petroleum Corporation.
- Top Market Segments –
- By Product Type: Anhydrous Ammonia, Aqueous Ammonia
- By Form Type: Liquid, Powder
- By Application Type: Fertilizers, Chemicals, Refrigeration, Pharmaceutical, Fibers and Plastics, Pulp and Papers, Other Application Types
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global ammonia market in 2021.
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https://www.thebusinessresearchcompany.com/report/ammonia-global-market-report
The Ammonia Global Market Report 2023 provides a comprehensive outlook of the ammonia market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ammonia market forecast offers a thorough analysis on ammonia market size, ammonia market share, prominent players and their strategies.
Ammonia generally refers to a colorless gas composed of hydrogen and nitrogen. It is the simplest stable compound of these elements and is used to make a variety of commercially relevant nitrogen compounds. Ammonia is used as a fertilizer in the agricultural industry. Ammonia is also used as a refrigerant gas, for the purification of water supplies, and in the manufacture of plastics, explosives, textiles, pesticides, dyes and other chemicals.
The Table Of Content For The Ammonia Market Include:
1. Ammonia Market Executive Summary
2. Ammonia Market Segments
3. Ammonia Market Size And Ammonia Market Growth Rate
4. Key Ammonia Market Trends
5. Major Ammonia Market Drivers
……
25. Key Mergers And Acquisitions In The Ammonia Market
26. Top Ammonia Companies
27. Ammonia Market Opportunities And Strategies
28. Ammonia Market, Conclusions And Recommendations
29. Appendix
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