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Ammonia Market Expected To Value US$ 73.84 Bn By 2025

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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.
APAC to Lead the Global Ammonia Market with 52.4% Revenue Share in 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.
The population is exponentially increasing in the Asia Pacific region, which leads to
the growing demand for daily use products such as food, cosmetics, and so on.
Obviously, the growing demand for these products leads to the growing demand for
ammonia, as ammonia is used in manufacturing process or fertilizers. As rice, wheat,
and few other food grains mainly grow in Asia Pacific region, ammonia as a
fertilizers (Urea, MAP, DAP, etc.) leads to grow the global market for ammonia.
Mining sector in APAC is also growing speedily since last few years. Particularly,
countries like Indonesia and China are leading the mining sector in the region. The
growing mining activities in the region are responsible for the increasing demand for
explosives. Similarly India is also influencing the regional market of ammonia due to
the growth of the pharmaceutical sector. As ammonia is used as a feedstock for the
various products such as medicines and cosmetics, it will give a boost to the global
ammonia market in the region.
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.
Report Overview with TOC @ https://www.persistencemarketresearch.com/marketresearch/ammonia-market/toc
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