14th November 2018 - Global Ammonia Market is segmented on the basis of form, application and geography. Ammonia is a nutrient that contains nitrogen and hydrogen. Its chemical formula is NH3 in the un-ionized state and NH4+ in the ionized form. Total ammonia is the sum of both NH3 and NH4+. Ammonia is a colourless alkaline gas a with sharp and pungent odour and is used in several industries such as refrigerants, household, pharmaceuticals, fertilizers and food. Firstly, ammonia is used in nutritional needs of terrestrial organisms by serving as a precursor to foodstuffs and fertilizers.
Ammonia is used directly or indirectly, in building block for synthesis of many pharmaceuticals. In certain organisms, ammonia is produced from atmospheric N2 by enzymes called nitrogenizes. The overall process is called nitrogen fixation. Ammonia is also a metabolic product of amino acid deamination it is commonly used in aquatic animals. In humans, it is quickly converted to urea which is much less toxic. The market is anticipated to grow at faster pace due to fertilize industry, rise in population and increase in disposable income in various developing country such as Brazil, India and Indonesia are increasing their demand for agriculture products for better lifestyle are driving the market.
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In addition, trend shift in dietary consumption in many developed regions are one of the factors that are driving the market. However, the rise in cost of natural gas price is expected to hinder the market growth. On the basis of form, the global ammonia market is segmented into liquid and powder. Based on application, the global ammonia market is segmented into fertilizers, refrigerants, pharmaceuticals, household, food and so on.
In application the “fertilizing” sector is growing at faster pace and is anticipated to peg in million bench mark in the coming years. The fertilizing industry is booming due to increase in population and increase in quality food intake throughout the world is adding the market. The second largest market for ammonia is “pharmaceuticals” sector in the recent years.
The sector is expanding due to ammonia is used in various pharmaceuticals sectors namely from insulin’s to manufacturing drugs which inhibit the growth and multiplications of certain types of bacteria and many others.
The major manufacturers covered in this report
• Yara
• CF Industries
• Agrium
• Group DF
• Qafco
• PotashCorp
• TogliattiAzot
• EuroChem
• Acron
• Koch
• Safco
• Pusri
• OCI Nitrogen
• MINUDOBRENIYA and many others
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Liquid Ammonia
• Gas Ammonia
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Fertilizer
• Refrigerant
• Polymer Synthesis
• Other
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On the basis of geography, the global ammonia market is segmented into Asia Pacific, North America, Europe, Latin America and Middle East & Africa. Asia Pacific is one of the fastest growing markets due to fertilizers and pharmaceuticals industries. Asia Pacific region covers of more than 60% to 65% of the world’s population and is anticipated to increase in coming years due to which the country would be facing issues of food in-sufficiency in the coming years. This would directly result in increasing and generating the need of food production. Use of ammonia in agriculture sector has proven to be an effective way to increase food productivity.
The ammonia worldwide is most extreme requested in Asia Pacific nations, because of land fragmentation, people/ farmers are left with little land property. The need to get greatest yield from accessible area assets has produced and will promote the need of ammonia utilization in farms.
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