Ammonia Market to See Incredible Growth of US$ 73.84 Bn During 20172025
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.
Global Ammonia Market: Drivers
Robust growth of mining operation in the region
Growing demand from fertilizers
Rising demand from the agrochemical industry
Growing agriculture and mining sector
Fertilizer Industry is the major consumer market, particularly in MEA
Government subsidy on certain fertilizers, mainly in India
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Global Ammonia Market: Forecast by Product
On the basis of product type, the global ammonia market is segmented into anhydrous ammonia and
aqueous ammonia. The anhydrous ammonia segment’s revenue share is expected to be on the
higher side due to high demand for the product, due to two reasons – the first being its availability
in the gaseous form and the second being its low cost as compared to aqueous ammonia. On the
other hand attributing to niche applications and limited scope of consumption of aqueous ammonia
as compared to anhydrous ammonia, the segment is considered to have a lower market
attractiveness index with respect to its counterpart.
Global Ammonia Market: Forecast by Application
On the basis of application, the global ammonia market is segmented into MAP (Mono-ammonium
Phosphate), DAP (Di-ammonium Phosphate), urea, nitric acid, ammonium sulphate, ammonium
nitrate and Others. Urea segment, by application segment, is anticipated to witness maximum value
CAGR of 3.6% in the global ammonia market and this segment is expected to consistently lead in
terms of value over the forecast period. This can be attributed to the higher use of fertilizers in
many regions, in order to enhance the quality and quantity of production of crop. However, among
the various varieties of fertilizers, urea consumption is maximum, followed by other agrochemicals,
such as MAP, DAP, and ammonium nitrate, among others.
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Global Ammonia Market: Forecast by End Use
On the basis of application, the global ammonia market is segmented into industrial chemicals, agro
chemicals, explosives, others. Agrochemicals segment is expected to continue its market dominance
over the forecast period. The agrochemicals segment followed by the explosives and industrial
chemicals segments is expected to be on higher side of market share because of the maximum
demand for fertilizers, as the agricultural sector is growing in many regions, and also due to the
increasing mining activities in various regions. Agrochemical segment is expected to account for a
51.4% share in the total global ammonia market by 2025.
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.
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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.
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