Ammonia Market in U.S. & Asia Pacific Will Further Expected To Boost: According
Posted by Priya on February 15th, 2018
In application the fertilizing sector is growing at faster pace and is anticipated to peg in million bench mark by 2022. The fertilizing industry is booming due to increase in population and increase in quality food intake throughout the world is adding the market. The second largest market for ammonia is pharmaceuticals sector in 2016. The sector is expanding due to, ammonia is used in various pharmaceuticals sectors namely from insulin’s to manufacturing drugs which inhibit the growth and multiplications of certain types of bacteria and many others.
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Top 10 Key Players in Global Ammonia Market
The key players in market includes BASF, Potashcorp, Yara International, CF Industries, Group DF, Togliatti, OCI Nitrogen, Agrium, Sabic, Koch Fertilizer and others.
Study Objectives of Ammonia Market:
- To study detail of Ammonia market by form, by application and by region in forecasted period 2022.
- To identify the market dynamics of ammonia market dynamics by drivers, restrains, opportunities and challenges.
- To analyze various factors like value chain analysis and porters five forces model.
- To provide historical and forecast revenue of market segment with respect to North America, Europe, APAC and RoW.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track mergers and acquisitions, strategic alliances, new product development of specified company.
Intended Audience of Ammonia Market
- Manufacturers and distributors of ammonia.
- Suppliers and traders of ammonia.
- Government, associations and industrial bodies.
- Investors and Trade experts.
- Consulting in chemical experts.
Market Synopsis of Ammonia Market:
Globally, the market for ammonia is growing at a CAGR of 4.2% during forecasted period (2016-2022). Ammonia is a nutrient that contains nitrogen and hydrogen. Its chemical formula is NH3 in the un-ionized state and NH4+ in the ionized form. Total ammonia is the sum of both NH3 and NH4+. Ammonia is colorless alkaline gas with sharp smell, pungent odor these are used in various industries namely, fertilizers, pharmaceuticals, refrigerants, household, food and others.
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Regional Analysis of Ammonia Market
Asia Pacific is one of the fastest growing market due to fertilizers and pharmaceuticals industries. Asia-Pacific region covers of more than 60% to 65% of the world’s population and is anticipated to increase in coming years, due to which the country would be facing issues of food in-sufficiency in the coming time. This would directly resulted in increasing and generating the need of food production. Use of ammonia in agriculture sector has proven to be an effective way to increase food productivity.
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