Ammonia Market Size, Growth Factor, Key Players, Regional Demand, Trends and ForPosted by rohit on June 7th, 2021 Market Overview Ammonia (NH3) is a compound composed of one nitrogen and three hydrogen atoms. It is usually found as a gas. It is colorless, highly soluble in water, and has a pungent odor. Ammonia is essential for many biological processes and serves as a precursor for amino acid and nucleotide synthesis. Ammonia is produced naturally through the breakdown of organic waste matter in the environment. It is used in fertilizer, chemical, pharmaceutical, pulp and paper, mining, fiber, and plastics industries. The feedstock used for ammonia production are natural gas and fuel oil. Increasing demand for fertilizers in the agriculture sector is the major driving factor for the growth of global ammonia market across owing to increasing production capacity of ammonia across the globe this factor driving the market. For instance, according to the International Fertilizer Industry Association (IFA), ammonium production on the basis of region North America and South Asia accounted for 70% of overall capacity growth in forecast period (2017-2021). Request Sample Copy Of This Business Report:https://www.coherentmarketinsights.com/insight/request-sample/2157 Market Dynamics Increasing demand for ammonia in end-use industries such as water treatment, textile, plastic, and chemical is driving growth of the global ammonia market. Ammonia is also used as a refrigerant gas for the purification of water supplies. As ammonia is used in the manufacturing of synthetic textile fibers such as nylon, rayon, and acrylics thus its demand in textile industry has positively impact on the global ammonia market. For instance, according to the India Brand Equity Foundation (IBEF), Indian textile market has increased from US$ 99 Billion in 2014 to US7 Billion in 2016 and exhibited a CAGR of 17.6% during the period 2014-2016. However, the higher concentrations of ammonia in the air causes severe injuries and burns are the factors which restraint growth of ammonia market. Contact with concentrated ammonia solutions such as industrial cleaners can cause corrosive injuries including skin burns, blindness or permanent eye damage. Detailed Segmentation:
Key companies covered as a part of this study include Yara International ASA, BASF SE, CF Industries Holdings, Inc., Nutrien Ltd., Potash Corporation of Saskatchewan Inc., Dangyang Huaqiang Chemical Co., Ltd., Shanxi Jinfeng Coal Chemical Co Ltd., GTS Chemical Holdings plc., Togliattiazot, OCI Nitrogen B.V., Agrium Inc., Sabic, and Koch Fertilizer, LLC among others About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 / UK +4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs:https://blog.coherentmarketinsights.com Like it? Share it! More by this author |