Ammonia as a refrigerant is mainly used in heavy commercial and industrial applications. The country is among the major producers of the product. The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. It easily dissolves in water and forms an ammonium hydroxide solution. By application, the segmentation of the market has been done on the basis of agriculture, mining, refrigeration, pharmaceuticals, and others. CAGR of 3.62%, Market Size: $64.390 billion in 2025. Secondary Research The research methodology used to estimate and forecast the industrial refrigeration system market begins with capturing data on revenues of the key vendors in the market through secondary research. of Pages: 103 Base Year for Estimate: 2019 Format: Electronic (PDF) Other capabilities such as better heat transfer properties when compared with other refrigerants further make it suitable for smaller areas thus making the plant construction costs considerably lower. Amid the COVID-19 crisis, the global market for Ammonia estimated at US$54. Ammonia is a colorless and highly irritating with a sharp suffocating odor gas. 1.3.2 Europe Bio Ammonia Market Size and Growth Rate of Ammonia from woody biomass from 2014 to 2026. Bio Ammonia Market Introduction Bio ammonia is anhydrous ammonia that is manufactured sustainably by making use of corn biomass or woody biomass. Ammonia can be easily compressed and can be further converted into a colorless liquid under pressure. The growing focus of pharma companies towards the development and launch of new drugs and vaccines to meet the growing demands has further lead to an upsurge in the demand for ammonia to be used in the manufacturing of vitamins and other drugs, thus positively impacting the market growth during the next five years. Q3. "Ammonia Market Research report covers a detailed study of the Ammonia Market size, growth, and share, trends, consumption, segments, application and Forecast 2026" The global ammonia market will derive growth from the widespread product applications. The U.S. market was valued at USD 5.76 billion in 2016 and is predicted to ascend at a CAGR of 5.2% from 2017 to 2025. It is vital to understand the production size as it gives a full picture of the capacities in various regions for the ammonia market. Furthermore, ammonia is also used for the manufacturing of liquid fertilizer products that consist of urea, ammonium nitrate, and aqua ammonia. 4 … This study categorizes manufacturers, country, form and application global Ammonia breakdown data, also analyzes market status, market share, growth rate, future trends, market drivers, opportunities and challenges, threats and entry barriers, sales channels, and distributors. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Ammonia also has better heat transfer properties in comparison to other chemical refrigerants. In North America, the production size is 24 MMT while in Europe the production size is much higher at 56 MMT. On the basis of product form, the industry can be segmented into gas, liquid, and powder. The global ammonia market size was worth USD 48.65 billion in 2016. The global ammonia market is expected to record a CAGR of over 5% during the forecast period. It is considered as a major source of nitrogen, which is an essential element for plant growth. Geographically, the Asia Pacific region is expected to hold a significant amount of share in the market throughout the forecast period. The global ammonia market is evaluated at US$52.004 billion for the year 2019 growing at a CAGR of 3.62% reaching the market size of US$64.390 billion by the year 2025. What is the size of global ammonia market? The segment is expected to ascend at a CAGR of 5.7% from 2017 to 2025. In particular, this The product is also the building block for the world nitrogen industry. The global ammonia market size was worth USD 48.65 billion in 2016. Commercially, it is manufactured by the Haber-Bosch process. Ammonia is readily used in the agricultural application as it rapidly reacts with clay particles, organic matter, free hydrogen ions, and soil water (that prevent the volatilization of ammonia). Major market players in the market have been covered along with their relative competitive position and strategies and the report also mentions recent deals and investments of different market players over the last few years. As per the statistics from the U.S. Department of Health & Human Services, 6 out of 10 adults in the U.S suffer from chronic disease. The rising demand for the product in the end-use application is expected to boost the ammonia market over the forecast period. The global market is highly competitive in nature and is currently witnessing constant price fluctuations. Global ammonia market is expected to reach USD 81.42 Billion by 2025, at a CAGR of 5.59% from 2018 to 2025. Fertilizer is the largest end use sector and currently represents the biggest driver of … The global ammonia market has been segmented on the basis of form, application, and geography. The gas can be easily compressed, which forms a colorless & clear liquid under pressure. Copyright © 2021 Grand View Research, Inc. All rights reserved. A2. Ammonia belongs to the group of natural refrigerants and is often considered environmentally friendly as it has low global warming as well as ozone depletion potential. For instance, as per the report from the Japan Refrigeration and Air Conditioning Industry Association, the global air conditioner demand increased from 104,367 thousand units in 2013 to 110,971 thousand units in 2018. Numerous global suppliers of ammonia exist. Figure 13: China Ammonia Market Share, By Grade (USD Million), 2015-2025F. Our support available to help you 24 hours a day, five days a week. Ammonia Market industry report focuses on the current market trend, size, share, growth. This study examines the global market size of Ammonia(value, power, production, and consumption) in key regions. The fertilizer application segment dominated the global market with over 40% share in 2016. The ' Ammonia (NH3) Gas Detection market' study Added by Market Study Report, LLC, provides an in-depth analysis pertaining to potential drivers fueling this industry. Figure 14: China Ammonia Market Share, By Manufacturing Process, 2015-2025F. Ammonia is widely used in numerous applications across food and beverage sector, wastewater treatment plants, industrial and house hold cleaning products and metallurgical processes and others. By application, the agriculture segment is projected to hold a substantial market share until the end of the forecast period. It is a colorless gas that has a distinct odor. Privacy Policy. Thus, the growth of the pharmaceutical industry and the cosmetics industry will directly impact the demand for ammonia. The rising demand for ammonia in the fertilizer industry is expected to boost industry growth. What are the major drivers for the green ammonia market? The rising demand for ammonia in the fertilizer industry is expected to boost industry growth. It is a pungent gas with suffocating fumes, which is primarily used as a fertilizer. As ammonia reacts instantly with clay particles, soil, and organic matter which is also an additional factor boosting its application in the agricultural sector. Ammonia market is evaluated at US$52.004 billion for the year 2019. Some of the global players operating in the industry include Yara International; BASF SE; CF Industries Holdings, Inc.; PotashCorp; Huaqiang Chem Group; Shanxi Jinfeng Coal Chem; Rashtriya Chemicals & Fertilizers Ltd.; China Petroleum & Chemical Corporation; and China National Petroleum Corporation. The global ammonia market is projected to reach a total market size of US$64.390 billion in 2025. The global players are investing in the research & development activities for innovating new and developed processes. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Get your queries resolved from an industry expert. Also, the closure of industrial and corporate sectors further impacted the demand for refrigerants as well as refrigeration systems which is further projected to inhibit the demand during the short run. As the natural gas accounts for around 50% of the production cost for nitrogen fertilizer, the availability of cheap natural gas in the country is expected to be a major driving factor for industry growth in the region. The Global Bio Ammonia Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. On the basis of form, the market has been classified into dry, liquid, and gas. Bio-ammonia Market is driven by rise in the demand for bio-ammonia in multiple downstream industries such as agriculture, consumer goods, and pharmaceuticals Bio-ammonia Market Size, Share, Trends, Growth, Export Value, Volume & Trade, Sales, Pricing Forecast Ammonia Market Size 2020 Demand, Global Trend, News, Business Growth, Top Key Players Update, Business Statistics and Research Methodology by Forecast to 2026 Post author By Credible Markets Post date November 25, 2020 In terms of production, China is followed by India and Indonesia. The major factor that is driving the market studied is the growing demand in the agriculture industry and its increasing usage for the production of explosives. Thus, rising usage of ammonia in refrigeration systems is projected to augment the business growth opportunities for the manufacturers over the next five years. However, the recent outbreak of the novel coronavirus disease is projected to hamper the market growth to some extent owing to the fact that operations across several industries were halted due to the government restrictions and lockdowns in many parts of the world. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global ammonia market. The current market size of the global green ammonia market is USD 17 million in 2019. Secondary Research The research methodology used to estimate and forecast the industrial refrigeration system market begins with capturing data on revenues of the key vendors in the market through secondary research. Ammonia is also termed as Azane, is a colorless inorganic compound of hydrogen and nitrogen. 1.4.2 Europe Bio Ammonia Market Size and … According to this study, over the next five years, the Ammonia Caramel market will register an xx% CAGR in terms of revenue, the global market size will reach $ xx million by 2025, from $ xx million in 2020. Ammonia is being used as a refrigerant owing to several benefits such as high efficiency, environmentally-friendly, smaller pipe size, better heat transfer properties, and cost. The report also explains information about the market size, share, company growth, regional demands, trends, and technical analysis. - 201301 India, Copyright © 2020. The current market size of the global green ammonia market is USD 17 million in 2019. Moreover, it is not highly combustible but may explode when exposed to high heat. H-140, Sector 63 Noida, U.P. The wide usage of ammonia across the pharmaceutical industry as an ingredient is also anticipated to positively impact the market growth during the next five years. The rising supply owing to increasing capacity and weaker demand is the major reason for the gap in the market. What will be the global ammonia market size by 2025? In China, ammonia is mostly produced from coal gasification, whereas globally it is mostly obtained from natural gas. Figure 15: China Ammonia Market Share, By … At normal atmospheric pressure, ammonia has a boiling point of -28 EF and a freezing point of -107.86 EF. Ammonia is mostly used in the liquid form. This capacity addition is mostly increasing in the regions where the production cost is low and availability of the raw material, i.e. The product is also the building block for the world nitrogen industry All interactions are confidential. Geographically, the Asia Pacific region is expected to hold a significant amount of share in the market throughout the forecast period. For application in fertilizers, it is compressed into a liquid and then mixed with different plant enhancers. Ammonia Market - Size, Share, Trends, and Forecast to 2025 Ammonia (NH3) is a colorless gas, which is highly soluble in water, corrosive, and has a pungent odor. Ammonia is often considered one of the major sources of nitrogen. For instance, in August 2019, KBR Inc., announced the successful startup of its SC EuroChem Northwest Phosphorit 2,890 MTPD ammonia plant in Kingisepp, in Russia. Thus, a significant increase in the adoption of ammonia as a refrigerant is projected to augment the growth of this segment in the coming years. The study further presents conclusive data referring to the commercialization aspects, industry size an The global ammonia market is touted to record a substantial market valuation of USD 68.35 billion by 2028. Global Ammonia Market Size And Forecast Report ID: 350537 Published Date: Jun 2020 Publisher: Market Research Intellect No. [Original Price: $4595] [Discount Price: 4135.5] You Will Get Custom Report at Syndicated Price on Ammonia Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 The current pandemic situation has created disruption in the manufacturing of agrochemicals by virtue of raw material availability. Global Ammonia Market to Reach US$70. The players in the global ammonia market are implementing various growth strategies to gain a competitive advantage over its competitors in this market. This website is secure and your personal details are safe. In the U.S., approximately 45% of the product is consumed in nitrogen fertilizer and the remaining is used for producing synthetic fibers plastics, resins, and various other chemical compounds. A3. Ammonia Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2020-2027 ID : ME_111506 Format : PDF April, 2020 Pages : 114 Moreover, regional players are investing heavily in capacity expansions with an aim to meet the growing domestic as well international demand for ammonia, which further shows the potential for the market to witness a growth in the coming five years. It is used as a neutralizing agent in pharmaceutical manufacturing. This new market research report forecasts on Ammonia Market providing complete market figures, consisting market size and estimation by Ammonia Market application and products depending upon geographical location for the forecasting period 2012 to 2022. Global Bio Ammonia Market Overview The Global Bio Ammonia Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e Ammonia Market Size, Outlook 2019 to 2025 Categorizes the Global Market by Type, By Application and by Region - Industry Analysis, Size, Share, Growth Opportunities, Trends, and Forecast ReportOGAnalysis It has zero Ozone Depletion Potential (ODP) and Global Warming Potential (GWP). The ' Ammonia Nitrogen Analyzer market' study added by Market Study Report, LLC, exhibits a comprehensive analysis of the growth trends present in the global business scenario. Prominent/major key market players in the global ammonia market include BASF SE, Yara, andEuroChem Group among others. The Furthermore, the presence of well-established industries in countries like India, China, and South Korea further bolster the ammonia market growth in the Asia Pacific region during the next five years. 1.4 Market Segment by Application 1.4.1 Europe Bio Ammonia Market Size and Growth Rate of Fertilizer from 2014 to 2026. It is compressed into a colorless and clear liquid when used as an agricultural fertilizer. Ammonia Market Size – USD 55.01 Billion in 2018, Market Growth - CAGR of 5.7%, Market Trends – Shifting dietary trend and increase in R&D activities. The major factor supporting the share of this segment throughout the forecast period includes the primary applications of ammonia across the agricultural industry as fertilizers. Due to its less combustible nature, it is can be used across several industries in numerous applications. Asia Pacific was the major producer and consumer of ammonia in 2016. The global ammonia market is expected to post a CAGR of almost 2% during the period 2019-2023, according to Technavio ... such as the market size … The rising tobacco and alcohol intake coupled with the unhealthy living lifestyle of the people living across both developed and developing economies are considered to be the leading causes that increase the risk of chronic diseases. Ammonia is … According to the new market research report published by MarketsandMarkets™, the Green Ammonia Market size will grow to USD 852 million by 2030 from USD 11 million in 2020, at a CAGR of 54.9% during 2020 to 2030. Indian Ammonia Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 The Indian ammonia market reached a consumption volume of nearly 15 Million Tons in 2019. Amid the COVID-19 crisis, the global market for Ammonia estimated at US$54. It is also used in the manufacturing of various liquid fertilizer solutions that consist of ammonium nitrate, aqua ammonia, and urea. Other application industries include textiles, pharmaceuticals, industrial & household cleaning, food and beverages, metallurgical processes, water and wastewater treatment, rubber, pulp & paper, and leather. The U.S. is among the major producers of ammonia globally. Press release - Market Intelligence Data - Green Ammonia Manufacturing Market Global Size, Demand, Top Companies, Revenue and Growth 2025 - … Volume in Kilotons, Revenue in USD million and CAGR from 2017 to 2025, North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, U.S., Canada, Mexico, UK, Germany, Russia, China, India, Saudi Arabia, Revenue & volume forecast, company share, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization. The rate of application, soil texture & structure, and the method are the factors that enhance the use of ammonia in the segment. Which region holds the largest market share in the ammonia market? This report forecasts volume and revenue growth at the global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. Ammonia Market Size to Reach USD 70.75 Million by 2025 | Increasing Landscape of Ammonia Industry Weighs Up with Lucrative 5.85% CAGR Growth Rate Please wait while we are processing your request... Ammonia Market Size & Outlook, Industry Forecast Report, 2014-2025, Request discounts available for Start-Ups & Universities. Ammonia Market size is anticipated to witness a surge in demand due to rising product application in multiple downstream industries including agriculture, pharmaceuticals and consumer goods.Increasing utilization of ammonia particularly in the fertilizer industry will boost business growth. Growing demand for agricultural products has made China a … Global ammonia market is projected to grow and cross $ 68 billion by 2025.Wide use of ammonia in fertilizer industry is one of the key factors which is … Geographically, the global market has been distributed into North America, South America, Europe, Middle East and Africa, and Asia Pacific among others. Figure 12: China Ammonia Market Size, By Value (USD Million), 2015-2025F. Fertilizer is the largest end use sector and currently represents the biggest driver of ammonia in the country. This weaker demand is due to lower crop & food prices, poor economic prospects, fluctuating energy prices, and rising competition. A4. We stand by our report quality. This report provides in-depth analysis of Australia Ammonia market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the Growing cosmetics and pharmaceutical industry. Chemtura Uncovers Market Trends to Drive Innovation and Open Up New Business Opportunities As a leader in the global specialty chemicals market, this US-based company has compressed business development research efforts from several months to a few weeks − supporting faster time to market -- as well as promoting a broader understanding of customer needs and … However, the refrigeration segment is projected to show a significant growth during the next five years owing to the fact that there has been a growing focus towards the conservation of energy and the environment both. Dec 04, 2020 (Market Insight Reports) -- Liquid Anhydrous Ammonia Market is estimated to reach USD XX billion by 2028 This detailed market study covers... Advertisement It is majorly used in fertilizers and industrial & household cleaning. Q5. According to the new market research report published by MarketsandMarkets , the Green Ammonia Market size will grow to USD 852 million by 2030 from USD 11 million in 2020, at a CAGR of 54.9% during 2020 to 2030. The process involves a direct reaction between elemental nitrogen & hydrogen in the presence of high temperature, catalyst, and elevated temperature. Press release - Market Intelligence Data - Green Ammonia Manufacturing Market Global Size, Demand, Top Companies, Revenue and Growth 2025 - published on openPR.com A new business intelligence report title “Global On-Line Ammonia Nitrogen Analyzer market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)” is designed covering micro level of analysis by manufacturers and key business segments. The major capacity addition is projected to be in the Middle East & Africa, Central & South America, and Southeast Asia. A5. This demand accounted for approximately 46% of the global estimated demand for ammonia, which was pegged at approximately 62 million tons in 2016. Asia Pacific is the largest market for ammonia due to growing use of ammonia in fertilizers. The key insights of the report: 1.The Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Furthermore, the market is also poised to witness a considerable growth on account of the growing usage of ammonia as a refrigerant owing to numerous beneficial properties such as it is considered safe for the environment and ammonia-based refrigeration systems consume less electricity. China is the largest producer of the product and the country’s market is anticipated to ascend at a CAGR of 6.3% from 2017 to 2025. The country had over 13 companies that produced the product at their 20 production plants in 2015. New York, NY -- -- 12/24/2020 -- Ammonia Market: Ammonia Market is a colourless gas with a pungent odour. The wide usage of ammonia as a fertilizer, when compressed into a clear liquid, is considered to be one of the key factors supporting the significant share of this segment during the forecast period. Chemicals-Materials Global Ammonia [Original Price: $4595] [Discount Price: 4135.5] You Will Get Custom Report at Syndicated Price on Ammonia Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 The industry is marked by the presence of global as well as regional market players. Global Ammonia Market Scope and Market Size The study is segmented and sub-segmented into types, applications, regions, products, players, and growth that was observed. The globally growing burden of chronic diseases has led to a significant increase in the production of medicines and vitamins throughout the globe which is a major factor supplementing the demand for efficient clinical trial packaging solutions. 3 Billion by the Year 2027. This report has a service guarantee. What factors are anticipated to drive ammonia market growth? Ammonia Market 2020 :- Ammonia Market provides This market report Provides historical data along with future forecast and detailed analysis and also expected opportunities for Ammonia on a global and regional level. Knowledge Sourcing Intelligence LLP. Ammonia Market Ammonia market share with predicted implications of corona impact, brand share analysis, lockdown impact assessment, deep-dive competition analysis, market size and historical value analysis Home Chemicals Liquid ammonia is also widely used in industrial cleaning solutions which is also projected to bolster the growth throughout the course of the next five years. Q1. Anhydrous ammonia is the purest form of ammonia, which does not contain any water molecule. It has the capability of easily getting dissolved in water and forms an ammonium hydroxide solution. A1. The product is even well recognized as the building block for the global nitrogen industry. Global Ammonia Market Size Demand to grow at a CAGR of 3.5-4.0 percent: The total global demand is expected to increase from 196MMT to 225MMT by 2023 The fertilizer segment to drive the demand: Significant demand is expected from the fertilizer chemicals segment with the growing population in the developing region. Its molecular formula is NH3 or H3N with a molecular weight of Design an exclusive study to serve your research needs. Global Ammonia Market to Reach US$70. With an increasing focus on energy consumption systems, ammonia refrigeration systems are a sustainable and safe option. Q4. As the ammonia industry has been ill-famous for burdening the planet with greenhouse gases by consuming a major chunk of fossil fuels and conventional energy sources, industry players are shifting to manufacturing bio ammonia … Increasing obligations to reduce greenhouse emissions from traditional ammonia methods, as well as increased agriculture production and subsequent rise in fertilizer consumption, are driving the market of green ammonia. India and China are some of the crop-producing countries in the region which is a major factor supplementing the demand for fertilizers. Ammonia Market report spread across 125 pages, include 35 table and 11 figures, also profiled top 10 global market players. The global ammonia market was valued at US$ 48.99 billion in 2017 and is expected to expand at a CAGR of 5.4% in terms of revenue during 2018–2025, owing to … The industry is witnessing continuous fall in prices from the past two years on a global level. Thus, the wide usage of liquid ammonia in cleaning solutions and the agricultural sector are the major factors amplifying the demand for ammonia in liquid form. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". The global ammonia market is evaluated at US$52.004 billion for the year 2019 growing at a CAGR of 3.62% reaching the market size of US$64.390 billion by the year 2025. As nitrogen is considered to be one of the most essential elements for the growth of plants. 3 Billion by the Year 2027. The growth of respective industries in the region that use ammonia will further positively influence the market growth in the region. In the laboratory, it is synthesized by the hydrolysis of a metal nitride. In the gaseous form, it combines with moisture present in the dirt, which in turn results in ammonia-enriched fertilizer soil. Ammonia is primarily used in the agricultural industry in the form of fertilizers. The report will account for Covid19 as a key market contributor. Growing Demand for Food Coupled with Rising Population to Drive the Demand for Ammonia as a Fertilizer It … This helps a new entrant to be on par with the competitors in the market in terms of growth expectation and cost estimation of the production and sales. Anhydrous ammonia is primarily used in the market has been segmented on basis... Is low and availability of the product dominated the market has been classified dry. Rate of fertilizer from 2014 to 2026 globally it is compressed into a colorless & clear liquid under pressure nitrogen. Country had over 13 companies that produced the product at their 20 production plants in 2015, five a. 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