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Ammonia is a pungent smelling colourless gas made of hydrogen and nitrogen. It can be obtained naturally from plants & animals or synthesized commercially. Ammonia is basic in nature and highly miscible in water, at high temperature and in presence of catalyst, ammonia can decompose to yield hydrogen. Ammonia is used in various processes such as coolant in refrigeration, metallurgy, production of synthetic fibres. There is increasing demand for ammonia from textile and agriculture end-use industries because of it use for dyeing and soil fertilizers. Being used for manufacturing of various chemicals such as urea, Ammonium sulphate, and ammonium phosphate is driving the ammonia market size globally.
On the basis of type, ammonia market is segmented into liquid, gas, and powder. Liquid ammonia is the largest consumed type due to its various application as fertilizers, industrial and household cleaning, dyeing of cottons, and others. Gaseous ammonia is the fastest growing type because of its properties to change states and absorbing heat making is a very useful refrigerant.
Key Market Driver -
Key Market Driver – Rise in demand for ammonia from agriculture end-use industry.
Key Market Restraint -
Key Market Restraint – Hazardous effects of ammonia.
On the basis of end use industry, ammonia market is segmented into agriculture, Refrigeration, Pharmaceutical, textile, mining, and other end use industries. Agriculture end-use industry accounts for the largest consumption due to high use of ammonia in fertilizers. Ammonia has major application as fertilizers in growth of crops making it a high demanding chemical from agriculture end-use industry. Apart from agriculture industry, the demand for ammonia is growing in end-use industries such as pharmaceutical, textile, refrigeration and others.
The key market driver for ammonia market is growing demand from the agriculture end-use industry due to increased use of ammonia as fertilizers for crop production. Growing population is the driving the market globally.
The key market restraint for ammonia market is hazardous effects of ammonia. Harmful effects such as high flammable and reactive, corrosive in nature may be a restraint to the growth of the market.
Some of the Key player of ammonia market are BASF SE, Qatar Fertiliser Company, SABIC, EuroChem, Yara International, Koch Fertilizer, CF Industries, Jiangsu Huachang Chemical, Orica, BASF, Incitec Pivot, Linde Group, China National Petroleum Corporation, Trammo, Haldor Topsoe, OCI Nitrogen, Dow Chemical, Achema, Praxair, Mitsubishi Gas Chemical, Potash Corp, Haifa Chemicals, Group DF, Agrium, Togliattiazot and CSBP.
On Geographical basis ammonia market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is the largest market for ammonia due to growing use of ammonia in fertilizers. Growing demand for agricultural products has made China a major consumer of ammonia. Followed by India and South Korea owing to its growing production and population. North America have demand for ammonia to be used in production of synthetic resin fibres making it a high demand product from textile end use industry.
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In addition, Pharmaceutical end-use industry will support the growth of ammonia market due to technological advancement. Europe and Middle east & Africa are expected to show gradual growth on account of increasing demand from agriculture end-use industry. South America being a prominent crop producer will drive the market growth due to increased production of ammonia to be used in fertilizers. Overall, high demand from agriculture end-use industry is expected to drive the ammonia market growth globally.
By End-Use Industry