According to TechSci Research report, “Global Ammonia Market By Grade,  By Application, By Manufacturing Process, By Region, Competition, Forecast & Opportunities, 2025”, the global ammonia market is forecast to reach $ 68 billion by 2025 owing to increasing demand from chemicals, fertilizers and pharmaceutical industries. Growing global fertilizer industry is expected to continue augmenting demand for ammonia over the next five years. However, global lockdown due to onset of COVID-19 has resulted in disruptions in the entire supply chain and decline in demand across major end use applications, globally, which is expected to negatively affect ammonia consumption in 2020.

Browse 111 market data Figures spread through 110 Pages and an in-depth TOC on "Global Ammonia Market"

https://www.techsciresearch.com/report/ammonia-market/4745.html

 

The global ammonia market is segmented based on grade, application, manufacturing process, and region. Based on grade, the global ammonia market is bifurcated into Anhydrous and Aqueous segments, of which Anhydrous holds the majority share due to its high demand in fertilizer market on account of its ease of availability and lower cost. Based on Application, the market can be fragmented into Fertilizers, Chemicals, pharmaceuticals, Electronics, Refrigeration, Household, Food, and Others. Fertilizers segment is expected to continue its dominance during the forecast period since nitrogen based products are abundantly used in agriculture sector, globally. Region wise, APAC is likely to dominate the global ammonia market over the next five years, majorly due to high consumption in China and India.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4745

Customers can also request for 10% free customization on this report.

COVID-19 pandemic is having a significant impact on the global demand scenario for ammonia, at least in the near term. Lockdown measures across the globe are negatively affecting the global fertilizer industry, which is resulting in declining demand for ammonia. This is expected to translate into negative growth of the global ammonia market in 2020. Nevertheless, with rising inclination towards opening up economies, demand for ammonia is forecast to witness revival and grow over the next five years.

Major players operating in the global ammonia market include CF Industries Holdings, Yara International, Nutrien Fertilizer, OCI NV, Ostchem Holdings, Ma’aden Phosphate, Mosaic Crop Nutrition, Eurochem Group AG, among others. “Global ammonia  market is witnessing steady growth and is expected to continue rising in the coming years. Market growth is anticipated on account of growing agriculture sector, majorly in Asia-Pacific, which will result in higher consumption of fertilizers, and consequently ammonia in the foreseeable future. Moreover, growing chemicals and pharmaceuticals sectors are also expected to positively influence the global ammonia market in the medium to long term.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Ammonia Market By Grade,  By Application, By Manufacturing Process, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Ammonia market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global ammonia market.

Source : TechSci Research

Votes: 0
E-mail me when people leave their comments –

TechSci Research

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead