Global Ammonia Market to Reach US$70. The ammonia market is projected to grow at a CAGR of 3.62% during the forecast period. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global ammonia market. The global ammonia market has been segmented on the basis of form, application, and geography. Some of the global players operating in the industry include Yara International; BASF SE; CF Industries Holdings, Inc.; PotashCorp; Huaqiang Chem Group; Shanxi Jinfeng Coal Chem; Rashtriya Chemicals & Fertilizers Ltd.; China Petroleum & Chemical Corporation; and China National Petroleum Corporation. A4. The major factor supporting the share of this segment throughout the forecast period includes the primary applications of ammonia across the agricultural industry as fertilizers. 3 Billion by the Year 2027. Market Synopsis of Ammonia Market: Globally, the market for ammonia … However, the recent outbreak of the novel coronavirus disease is projected to hamper the market growth to some extent owing to the fact that operations across several industries were halted due to the government restrictions and lockdowns in many parts of the world. The global ammonia market size is anticipated to reach USD 76.64 billion by 2025, at a registering a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Global Ammonia Market is expected to reach USD 76.64 billion by 2025. The rising demand for ammonia in the fertilizer industry is expected to boost industry growth. 3 Billion by the Year 2027. 1.3.2 Europe Bio Ammonia Market Size and Growth Rate of Ammonia from woody biomass from 2014 to 2026. A1. This allows the usage of refrigerant equipment in a smaller heat transfer area, which results in lower plant construction costs and operating costs of the system. Other capabilities such as better heat transfer properties when compared with other refrigerants further make it suitable for smaller areas thus making the plant construction costs considerably lower. Press release - Market Intelligence Data - Green Ammonia Manufacturing Market Global Size, Demand, Top Companies, Revenue and Growth 2025 - … According to the World Health Organization, the contribution of chronic diseases is expected to reach 73% of all the deaths and 60% of the global disease burden by the year 2020 which was 60% and 43% respectively in the year 2020. It … Global Bio Ammonia Market Overview. The Global Bio Ammonia Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. The growth of respective industries in the region that use ammonia will further positively influence the market growth in the region. The rate of application, soil texture & structure, and the method are the factors that enhance the use of ammonia in the segment. Ammonia Market size is estimated at xxx million USD with a CAGR xx% from 2015-2019 and is expected to reach xxx Million USD in 2020 with a CAGR xx% from 2020 to 2025. Ammonia is widely used in numerous applications across food and beverage sector, wastewater treatment plants, industrial and house hold cleaning products and metallurgical processes and others. Global Ammonia Market Size Demand to grow at a CAGR of 3.5-4.0 percent: The total global demand is expected to increase from 196MMT to 225MMT by 2023 The fertilizer segment to drive the demand: Significant demand is expected from the fertilizer chemicals segment with the growing population in the developing region. Major market players in the market have been covered along with their relative competitive position and strategies and the report also mentions recent deals and investments of different market players over the last few years. natural gas is high, especially in the Middle East and the U.S. Ammonia is considered as one of the key components used to manufacture several things. The major factor that is driving the market studied is the growing demand in the agriculture industry and its increasing usage for the production of explosives. In the laboratory, it is synthesized by the hydrolysis of a metal nitride. The global ammonia market size was worth USD 48.65 billion in 2016. The key insights of the report: 1.The [Original Price: $4595] [Discount Price: 4135.5] You Will Get Custom Report at Syndicated Price on Ammonia Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 Press release - Market Intelligence Data - Green Ammonia Manufacturing Market Global Size, Demand, Top Companies, Revenue and Growth 2025 - published on openPR.com Furthermore, ammonia is also used for the manufacturing of liquid fertilizer products that consist of urea, ammonium nitrate, and aqua ammonia. This capacity addition is mostly increasing in the regions where the production cost is low and availability of the raw material, i.e. The global market is highly competitive in nature and is currently witnessing constant price fluctuations. A new business intelligence report title “Global On-Line Ammonia Nitrogen Analyzer market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)” is designed covering micro level of analysis by manufacturers and key business segments. Ammonia also has better heat transfer properties in comparison to other chemical refrigerants. For instance, in August 2019, KBR Inc., announced the successful startup of its SC EuroChem Northwest Phosphorit 2,890 MTPD ammonia plant in Kingisepp, in Russia. In particular, this The global ammonia market is expected to post a CAGR of almost 2% during the period 2019-2023, according to Technavio ... such as the market size … This report has a service guarantee. Furthermore, this continual trend shall have a cascading effect on food productivity and crop yields on economies that are predominantly agrarian, during a time when demand for Agri produce shall register a spike over the medium term. Figure 13: China Ammonia Market Share, By Grade (USD Million), 2015-2025F. Rising demand for the nitrogenous fertilizers, as well as environmentally sustainable and eco-friendly refrigerants, are driving the market. Asia Pacific is the largest market for ammonia due to growing use of ammonia in fertilizers. Figure 14: China Ammonia Market Share, By Manufacturing Process, 2015-2025F. The booming demand for ammonia across the agriculture industry as fertilizers as it is a major source of nitrogen is one of the key factors playing a significant role in shaping up the market growth during the forecast period. This demand accounted for approximately 46% of the global estimated demand for ammonia, which was pegged at approximately 62 million tons in 2016. Figure 15: China Ammonia Market Share, By … Secondary Research The research methodology used to estimate and forecast the industrial refrigeration system market begins with capturing data on revenues of the key vendors in the market through secondary research. According to the new market research report published by MarketsandMarkets , the Green Ammonia Market size will grow to USD 852 million by 2030 from USD 11 million in 2020, at a CAGR of 54.9% during 2020 to 2030. Global Ammonia Market to Reach US$70. This study categorizes manufacturers, country, form and application global Ammonia breakdown data, also analyzes market status, market share, growth rate, future trends, market drivers, opportunities and challenges, threats and entry barriers, sales channels, and distributors. Several types of catalysis can be used in the process such as iron oxide, aluminum oxide, and magnesium oxide. Ammonia Market Size to Reach USD 70.75 Million by 2025 | Increasing Landscape of Ammonia Industry Weighs Up with Lucrative 5.85% CAGR Growth Rate Increasing obligations to reduce greenhouse emissions from traditional ammonia methods, as well as increased agriculture production and subsequent rise in fertilizer consumption, are driving the market of green ammonia. The global ammonia market is touted to record a substantial market valuation of USD 68.35 billion by 2028. By application, the agriculture segment is projected to hold a substantial market share until the end of the forecast period. The global ammonia market size was worth USD 48.65 billion in 2016. Privacy Policy. As the natural gas accounts for around 50% of the production cost for nitrogen fertilizer, the availability of cheap natural gas in the country is expected to be a major driving factor for industry growth in the region. Ammonia Market Size to Reach USD 70.75 Million by 2025 | Increasing Landscape of Ammonia Industry Weighs Up with Lucrative 5.85% CAGR … Also, the closure of industrial and corporate sectors further impacted the demand for refrigerants as well as refrigeration systems which is further projected to inhibit the demand during the short run. Secondary Research The research methodology used to estimate and forecast the industrial refrigeration system market begins with capturing data on revenues of the key vendors in the market through secondary research. What are the growth prospects for ammonia market? It is compressed into a colorless and clear liquid when used as an agricultural fertilizer. Ammonia is … One of the major factors augmenting the demand for medicines is the constantly growing prevalence of chronic diseases throughout the globe. Ammonia is primarily used in the agricultural industry in the form of fertilizers. Q5. What factors are anticipated to drive ammonia market growth? We are in compliance with GDPR & CCPR norms. Ammonia is a compound of hydrogen and nitrogen. Ammonia Market - Size, Share, Trends, and Forecast to 2025 Ammonia (NH3) is a colorless gas, which is highly soluble in water, corrosive, and has a pungent odor. Ammonia as a refrigerant is mainly used in heavy commercial and industrial applications. Q2. of Pages: 103 Base Year for Estimate: 2019 Format: Electronic (PDF) Ammonia belongs to the group of natural refrigerants and is often considered environmentally friendly as it has low global warming as well as ozone depletion potential. "Ammonia Market Research report covers a detailed study of the Ammonia Market size, growth, and share, trends, consumption, segments, application and Forecast 2026" The global ammonia market will derive growth from the widespread product applications. For the purpose of this study, Grand View Research has segmented the global ammonia market on the basis of product form, application, and region: Product Form Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025), Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025), Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025), We never share your personal data. The global ammonia market is evaluated at US$52.004 billion for the year 2019 growing at a CAGR of 3.62% reaching the market size of US$64.390 billion by the year 2025. The global ammonia market is evaluated at US$52.004 billion for the year 2019 growing at a CAGR of 3.62% reaching the market size of US$64.390 billion by the year 2025. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Q3. Global Bio Ammonia Market Overview The Global Bio Ammonia Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e [Original Price: $4595] [Discount Price: 4135.5] You Will Get Custom Report at Syndicated Price on Ammonia Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 The current market size of the global green ammonia market is USD 17 million in 2019. As ammonia reacts instantly with clay particles, soil, and organic matter which is also an additional factor boosting its application in the agricultural sector. New York, NY -- -- 12/24/2020 -- Ammonia Market: Ammonia Market is a colourless gas with a pungent odour. The yearly forecast and prediction for the years 2020 to 2025 have been enclosed by the report along with a comprehensive analysis for all the segments and regions. 4 … Furthermore, the market is also poised to witness a considerable growth on account of the growing usage of ammonia as a refrigerant owing to numerous beneficial properties such as it is considered safe for the environment and ammonia-based refrigeration systems consume less electricity. The product is even well recognized as the building block for the global nitrogen industry. This is mainly due to the increasing supply and demand gap in the region. Thus, rising usage of ammonia in refrigeration systems is projected to augment the business growth opportunities for the manufacturers over the next five years. This study examines the global market size of Ammonia(value, power, production, and consumption) in key regions. 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