Ammonia Market to Expand US$ 73.84 Bn by 2025

Global Market Study on Ammonia: Agrochemicals End
Use Segment to Hold over 45% Market Share
Throughout the Forecast Period 2017 - 2025
Persistence Market Research has come up with a new publication titled
“Ammonia Market: Global Industry Analysis (2012 – 2016) and Forecast (2017
– 2025),” with forecasts for the global ammonia market for a period of eight
years, i.e. between 2017 and 2025. The global ammonia market is likely to
witness a steady growth and is estimated to account for US$ 57.06 Bn by the
end of 2017, expanding at a CAGR of 3.3% during the projected period. At the
end of the assessed period, i.e. by the end of 2025, global ammonia market is
expected to be valued at US$ 73.84 Bn. Growth in the market is expected to be
driven by increasing consumption of fertilizers in the current scenario. To seek
opportunities in untapped markets of Asia Pacific and Latin America is the key
strategy of global players in the ammonia market.
Global Ammonia Market: Forecast by Product
On the basis of product type, the global ammonia market is segmented into
anhydrous ammonia and aqueous ammonia. The anhydrous ammonia segment’s
revenue share is expected to be on the higher side due to high demand for the
product, due to two reasons – the first being its availability in the gaseous form
and the second being its low cost as compared to aqueous ammonia. On the
other hand attributing to niche applications and limited scope of consumption of
aqueous ammonia as compared to anhydrous ammonia, the segment is
considered to have a lower market attractiveness index with respect to its
counterpart.
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Global Ammonia Market: Forecast by Application
On the basis of application, the global ammonia market is segmented into MAP
(Mono-ammonium Phosphate), DAP (Di-ammonium Phosphate), urea, nitric
acid, ammonium sulphate, ammonium nitrate and Others. Urea segment, by
application segment, is anticipated to witness maximum value CAGR of 3.6%
in the global ammonia market and this segment is expected to consistently lead
in terms of value over the forecast period. This can be attributed to the higher
use of fertilizers in many regions, in order to enhance the quality and quantity
of production of crop. However, among the various varieties of fertilizers, urea
consumption is maximum, followed by other agrochemicals, such as MAP,
DAP, and ammonium nitrate, among others.
Global Ammonia Market: Forecast by End Use
On the basis of application, the global ammonia market is segmented into
industrial chemicals, agro chemicals, explosives, others. Agrochemicals
segment is expected to continue its market dominance over the forecast period.
The agrochemicals segment followed by the explosives and industrial
chemicals segments is expected to be on higher side of market share because of
the maximum demand for fertilizers, as the agricultural sector is growing in
many regions, and also due to the increasing mining activities in various
regions. Agrochemical segment is expected to account for a 51.4% share in the
total global ammonia market by 2025.
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Global Ammonia Market: Forecast by Region
The global ammonia market has covered five regions namely, North America,
Latin America, Europe, APAC and MEA. APAC is a significant market for
ammonia in terms of market value, accounting for 52.4% revenue share in
2025. APAC region is estimated to hold comparatively high market in terms of
market value and was valued at US$ 28.28 Bn in 2016. This growth can be
attributed to the high consumption of ammonia for various applications,
especially for agrochemicals and explosives. The region is expected to remain
the dominant market over the forecast period. The market is expected to expand
at a CAGR of 3.6% over the forecast period. APAC will be followed by Europe
and North America.
Global Ammonia Market: Competitive Landscape
Some of the key players in the global ammonia market are included in this
report. They are- Yara International ASA, CF Industries Holdings, Inc., Potash
Corp, Orica Limited, Incitec Pivot Ltd., Mitsubishi Gas Chemical Co., Inc.,
Praxair., Inc., Achema AB, Linde Group, Jiangsu Huachang Chemical Co.,
Ltd., Koch Fertilizer LLC, SABIC, BASF SE, The Dow Chemical Company,
Toggliazot PJSC, OCI Nitrogen, Haifa Chemicals Ltd., CNPC (China National
Petroleum Corporation), Trammo, Inc., and Haldor Topsoe A/s.
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