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

As per The Business Research Company’s Ammonia Global Market Report for 2023, the worldwide ammonia market is projected to increase from $66.85 billion in 2022 to $71.02 billion in 2023, with a 6.2% CAGR. It is anticipated to reach $90.66 billion by 2027, reflecting a 6.3% CAGR.

Asia-Pacific held the largest ammonia market share and was the fastest-growing region in 2022.

Ammonia Market Driver

The fertilizer industry’s expansion fuels ammonia market growth. Ammonia serves as ammonium nitrate fertilizer, releasing vital plant nutrient nitrogen. The burgeoning fertilizer sector is set to increase ammonia use in fertilizer production. For instance, India’s fertilizer production increased by 3% in FY21, with a 19.4% rise in overall fertilizer sales during that period, indicating sustained demand and consumption growth. Hence, the fertilizer industry’s growth is anticipated to drive ammonia demand in the forecast period.

View More On The Ammonia Market Report 2023 –
https://www.thebusinessresearchcompany.com/report/ammonia-global-market-report

Key Ammonia Market Segments

The global ammonia market is segmented –

1) By Product Type: Anhydrous Ammonia, Aqueous Ammonia

2) By Form Type: Liquid, Powder

3) By Application Type: Fertilizers, Chemicals, Refrigeration, Pharmaceutical, Fibers and Plastics, Pulp and Papers, Other Application Types

Ammonia Market Prominent 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, Rashtriya Chemicals and Fertilizers Ltd., OCI Nitrogen, Uralchem JSC, Evonik Industries AG, Qatar Fertiliser Company, and Mitsubishi Gas Chemical Co., Inc.

Request A Sample Of The Global Ammonia Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7113&type=smp

Prominent Ammonia Market Trend

Technological advancement is a rising trend in the ammonia market. Companies invest in new tech for energy efficiency and lower CO2 emissions. In May 2021, the Netherlands-based Stamicarbon Company introduced Stami Green Ammonia technology, using renewables like sun, wind, and water-derived hydrogen to produce sustainable fertilizers and eliminate carbon in ammonia production, fostering market growth.

The Ammonia Global Market Report 2023  provides comprehensive insights on the ammonia market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the ammonia market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Ammonium Sulfate Global Market Report 2023

Nitrogen Fertilizer Global Market Report 2023

Phosphate Fertilizer Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model