1 / 6

Ammonia Market Dynamics and Strategies for Success 2024-2032

According to the research report published by Polaris Market Research, the global ammonia market was valued at USD 71.20 billion in 2021 and is expected to reach USD 124.64 Billion By 2030, growing at a CAGR of 6.5% during the forecast period.<br>

alicedesouza
Download Presentation

Ammonia Market Dynamics and Strategies for Success 2024-2032

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Ammonia Market Expected to Reach USD 124.64 Billion by 2030 | CAGR: 6.5% Ammonia Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Gas, Powder); By Application (Fertilizers, Refrigerants, Fibers and Plastics, Pharmaceuticals, Textile, Others); By Region; Segment Forecast, 2022 - 2030

  2. Ammonia Market Estimate & Forecast • According to the research report published by Polaris Market Research, the global ammonia market was valued at USD 71.20 billion in 2021 and is expected to reach USD 124.64 Billion By 2030, growing at a CAGR of 6.5% during the forecast period. • The global ammonia market plays a crucial role in agriculture and industrial sectors. As of 2024, its demand is primarily driven by its use in the production of fertilizers, such as urea, ammonium nitrate, and ammonium sulfate, which are essential for crop growth. Ammonia is also used in industries for applications like refrigeration, textiles, and pharmaceuticals. The market's growth is influenced by the rising global population, increased food demand, and advancements in agriculture. However, it faces challenges from environmental concerns due to ammonia’s contribution to nitrogen pollution and greenhouse gas emissions. • Geographically, Asia-Pacific leads the market, especially China and India, due to their vast agricultural sectors. Technological innovations, including green ammonia production using renewable energy, aim to reduce carbon footprints and meet sustainability goals, making green ammonia a promising future market segment. Overall, the ammonia market is set for steady growth, although regulatory and environmental concerns will shape its evolution.

  3. Ammonia Market Trends And Opportunity: Key Trends: Green Ammonia Production: With increasing focus on reducing carbon emissions, green ammonia, produced using renewable energy like wind or solar, is gaining traction. This trend aligns with global decarbonization goals, especially in Europe and North America. Rising Fertilizer Demand: As the global population continues to grow, the need for higher crop yields is boosting demand for ammonia-based fertilizers like urea and ammonium nitrate. Asia-Pacific, particularly India and China, are key markets for agricultural expansion. Opportunities: Sustainable Agriculture: Innovations in fertilizer technologies and precision farming present opportunities for ammonia suppliers to align with sustainable farming practices, which could reduce environmental impacts. Hydrogen Carrier: Ammonia is being explored as an efficient carrier of hydrogen, which has potential to play a significant role in the future hydrogen economy, creating investment and growth opportunities in the energy sector.

  4. Ammonia Market Competitive Landscape • The study then includes the competitive insights of market across various regions wherein our research analysts explores in-depth profiles of main players along with new product launches, recent technologies influencing the target market. The competitive study section also contains production, major development strategies, revenue, and growth rate for the leading players. This assessment will aid market players to stay ahead of competitive landscape and boost productivity. Major players operating in the market are: • Akzo Nobel N.V • Asahi Kasei Corporation. • BASF SE • CF Industries Holdings Inc. • EuroChem Group AG • Evonik Industries AG • Koch Fertilizer LLC. • Group DF • Indian Farmers Fertiliser Cooperative Limited • MITSUBISHI GAS CHEMICAL COMPANY INC • Nutrien Ltd. • OCI NV • Orica Limited • Qatar Fertiliser Company • Solvay S.A. • Syngenta Crop Protection AG • SABIC Inc. • Uralchem JSC • Browse Complete Report

  5. About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for a clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and highly qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Web:www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

  6. Thank You! Thank You! • Polaris Market Research30 Wall Street8th Floor, New York City, NY 10005,United States sales@polarismarketresearch.com +1-929 297-9727

More Related