Ammonia Market Size Worth $76.64 Billion by 2025 | CAGR 5.3%: Grand View Research, Inc.

SAN FRANCISCO, October 25, 2017 /PRNewswire/ --

The global ammonia market [http://www.grandviewresearch.com/industry-analysis/ammonia-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=Prnewswire_Oct25&utm_content=Content ]  is anticipated to reach USD 76.64 billion by 2025, according to a new report by Grand View Research, Inc. Fertilizer is the major application of the product as well as an important source of nitrogen in the agricultural industry, which is expected to benefit the market over the forecast period.

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Liquid ammonia segment dominated the market in 2016. It is majorly used in fertilizer and industrial & household cleaning applications. Ammonia is a colorless and pungent alkaline gas composed of hydrogen and nitrogen. It is an essential gas, which is used in various biological processes and industrial applications. It causes irritation to the eyes, skin, nose, lungs, and throat. Globally governments have established various safety-related regulations associated with the production, usage, and transportation of the product. The regulations also provide some directives for the equipment and methods used during the production process and handling of ammonia.

Globally, the gap between supply & demand of the product is gradually becoming surplus, hence resulting in continuous price fluctuations. This gap is mainly due to continuous capacity additions, especially in Southeast Asia (China and Indonesia), Middle East, Central & South America, and the U.S. The continuous increase in capacity additions and weakening of the demand owing to lower crop prices, poor economic prospects, fluctuating energy prices, and rising competition are anticipated to be the major challenges for the industry over the forecast period.

Browse full research report with TOC on "Ammonia Market Analysis By Product Form (Liquid, Gas, Powder), By Application (Fertilizers, Textile, Pharmaceuticals, Refrigerants) , By Region, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/ammonia-market [http://www.grandviewresearch.com/industry-analysis/ammonia-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=Prnewswire_Oct25&utm_content=Content ]

Further Key Findings From the Report Suggest:

        
        - The global ammonia market was valued at USD 48.65 billion in 2016. The industry is
          anticipated to reach USD 76.64 billion by 2025, ascending at a CAGR of 5.3% from 2017
          to 2025
        - Fertilizer application segment dominated with over 40% of the overall share in terms
          of revenue
        - Rising demand for nitrogen fertilizer owing to its advantages for application in the
          agricultural sector is anticipated to boost the ammonia market over the coming years
        - Some of the other major application industries of the product include household &
          industrial cleaning, food & beverage, metallurgical processes, water and wastewater
          treatment, rubber, pulp & paper, and leather
        - Asia Pacific dominated the industry in 2016 and is projected to be the fastest-growing
          region over the forecast period
        - The industry is highly competitive in nature with the presence of various global
          players
        - Some of the key market players are Yara International; BASF SE; CF Industries
          Holdings; Inc.; PotashCorp; Huaqiang Chemical Group; Shanxi Jinfeng Coal Chemical;
          Rashtriya Chemicals & Fertilizers Ltd.; China Petroleum & Chemical Corporation; and
          China National Petroleum Corporation

Browse related reports by Grand View Research: 

        
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          http://www.grandviewresearch.com/industry-analysis/agricultural-biologicals-market
        - DAP Market -
          http://www.grandviewresearch.com/industry-analysis/diammonium-hydrogen-phosphate-dap-market
        - Copper Ammonium Carbonate Market
          -http://www.grandviewresearch.com/industry-analysis/copper-ammonium-carbonate-market
        - Phosphate Rock Market -
          http://www.grandviewresearch.com/industry-analysis/phosphate-rock-market

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)
             - Liquid
             - Gas
             - Powder
        - Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
             - Fertilizers
             - Refrigerants
             - Pharmaceuticals
             - Textile
             - Others
        - Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
             - North America
                - U.S.
                - Canada
                - Mexico
             - Europe
                - UK
                - Germany
                - Russia
             - Asia Pacific
                - China
                - India
             - Central & South America
             - Middle East & Africa
                - Saudi Arabia

Read Our Blog By Grand View Research: http://www.grandviewresearch.com/blogs/bulk-chemicals

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

        

        Contact: 
        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc 
        Phone: +1-415-349-0058 
        Toll Free: 1-888-202-9519 
        Email: sales@grandviewresearch.com 

 

Web:http://www.grandviewresearch.com

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SOURCE Grand View Research, Inc.