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The global ammonia market size reached a volume of about 178.33 MMT in 2021. The market is assessed to grow at a CAGR of 2.10% in the forecast period of 2022-2027 to reach a volume of around 202.01 MMT by 2027.
In March 2022, Casale SA signed an agreement with Ferkensco Management Limited and Enter Engineering Pte, Uzbekistan-based companies, to construct a state-of-the-art ammonia-based fertiliser plant in Uzbekistan.
The plant is expected to produce 495,000 tons per year of ammonia and will be completed by the first half of 2025, which is expected to add to the ammonia market production.
In August 2021, the company HEGRA, owned by Yara, Aker Clean Hydrogen and Statkraft was launched at Herøya, Porsgrunn. The company intends to electrify and decarbonise the Herøya plant and allow the green ammonia production.
In June 2021, Yara International ASA and Trafigura Pte Ltd, a leading independent commodity trading company, signed an MoU to produce and promote the use of ammonia as an eco-friendly fuel in the shipping sector to reduce emissions and curb climate change.
The companies aim for joint research and development activities and develop new green ammonia assets. Such developments positively influence the market growth of ammonia.
In May 2021, Yara International ASA and JERA Co., Inc signed a MoU for the production of green and blue ammonia in order to develop a zero-emission thermal power generation in Japan.
The decarbonisation of JERA’s power production is a part of its Green Growth Strategy that aims to reach carbon neutrality by 2050.
In November 2020, Koch Fertilizer LLC decided to invest around $140 million at its Iowa plant to restore the production processes and boost the annual ammonia production. Also, the investment was aimed at improving reliability and environmental performance. The restored production processes are expected to operate by 2022.
Ammonia refers to a gas with the chemical formula of NH3, and it is a combination of nitrogen and hydrogen. The characteristics of ammonia include colourless appearance, pungent smell, and dissolution in water to offer an alkaline solution. The gas is caustic and hazardous, therefore is classified as a dangerous substance in some regions.
There is an increasing demand for ammonia in the agricultural sector, owing to its use in nitrogen fertiliser production, which is supporting the market growth of ammonia. The growing population and the rising food demands are leading to the need for nitrogen fertilisers to improve crop yield and enhance soil fertility.
There is a growing use of low-carbon hydrogen for decarbonising ammonia production, which contributes to the reduced amount of carbon dioxide released during the manufacturing process, thereby aiding the ammonia market. There is an increased adoption of ammonia as a zero-carbon fuel by the maritime sector to replace the use of fossil fuels in marine engines.
The refrigeration grade ammonia possesses several desirable characteristics, such as purity, relatively free of water and other impurities, easy availability, and inexpensive. Also, ammonia has the ability to absorb heat when it evaporates.
Additionally, the restriction on chlorine and fluorine-containing refrigerants is resulting in the rising utilisation of ammonia. Thus, its growing use as an efficient refrigerant in food preservation and air-conditioning processes is expanding the ammonia market share.
Ammonia does not contribute to ozone depletion, global warming or other environmental impacts when released into the atmosphere, therefore is considered an environmentally friendly refrigerant. It has a very limited atmospheric lifetime and so is biodegradable.
Ammonia is considered as a hazardous gas at high concentration levels. Ammonia is lighter than air and can rise in the atmosphere when leakage occurs. The inhalation of ammonia can cause burning sensations in human parts, like the nose, throat and respiratory tract. Additionally, it can result in respiratory diseases or failure.
The liquid ammonia has a low freezing point and melting point of -77 to -33 C, respectively. Thus, it is unsuitable for high temperatures and can pose experimental problems. Moreover, it tends to absorb moisture from the air and so requires seal tubes during experimentations.
The market can be divided based on type into liquid and gas. Based on end use, the market is segmented into agriculture, textile, mining, pharmaceutical, and refrigeration, among others.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The comprehensive EMR report provides a detailed assessment of the market on the basis of Porter's five forces model, along with giving a SWOT analysis.
The report gives an in-depth analysis of the following key players in the ammonia market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The increasing use of ammonia in the agricultural sector for various purposes is supporting the market development. There is a rising injection of ammonia directly into the soil using tractor-drawn knives and shanks to place it below the soil surface and avoid its release in vapour form. It binds the air-borne nitrogen, which is an essential crop nutrient. Thus, ammonia gas plays a critical role in crop production.
Also, it is used to produce urea, a protein source in livestock feeds. Moreover, it is used as an antifungal agent on certain fruits, pre-harvest cotton defoliant, and as a preservative for storing high-moisture corn.
Ammonia is widely used in the dyeing of cotton, wool, and silk textiles. It is also employed to manufacture synthetic fibres, such as acrylic fibres as it serves as a catalyst in the production of synthetic resins. In the mining sector, ammonia is utilised to extract minerals, such as copper, molybdenum, and nickel from their ores.
Ammonia is used in the pharmaceutical sector to produce drugs which prevent the growth of bacteria and is also used in the clinical setting as a stimulant to avoid fainting. The gas can absorb a large amount of heat from the surroundings and so is used as a refrigerant gas in cold storage and other industrial applications, which is a key factor in the ammonia market development.
The expanding awareness about the importance of hygiene and cleanliness is leading to the increasing use of ammonia in many household or other cleaning products. It can also remove stains from vegetable oils and is utilised in glass cleaning solutions owing to its quick evaporation.
Liquid ammonia is a nonaqueous ionising solvent that is obtained by compressing gaseous ammonia. It has a low melting point and acts as a better solvent for organic compounds. It is safe to handle and avoids the hazards that are associated with the use of gaseous ammonia.
Gaseous ammonia is a non-flammable gas that is commonly used as a refrigerant in various applications owing to its energy efficiency and low cost.
The Asia Pacific is one of the leading markets, owing to the increasing agricultural activities and the adoption of ammonia-based fertilisers in the region. Additionally, the government initiatives to ensure green ammonia for environmentally sustainable energy security of the countries are likely to aid the ammonia market. For instance, in February 2022, the Government of India notified the Green Ammonia Policy, which is a major policy enabler for producing green ammonia using renewable sources of energy to offer clean fuel.
Meanwhile, the initiatives taken by the market players in decarbonising ammonia production facilities by 2030 are expected to aid the ammonia market expansion in Europe. In February 2021, Copenhagen Infrastructure Partners, along with A.P. Moller - Maersk, announced plans to establish the Power-to-X facility, Europe’s largest production facility of green ammonia. The green ammonia produced by the facility can be used as a green fertiliser by the agricultural sector and as a sustainable fuel by the shipping sector.
Yara International ASA is a chemical company based in Norway, which is one of the leading crop nutrition companies globally. It produces and distributes nitrogen-based mineral fertilisers and other industrial products.
CSBP Limited is an Australia-based chemical company with its head office in Kwinana. The company offers products, such as fertilisers and industrial chemicals for the agricultural and industrial sectors. CSFB has two subsidiaries, namely Australian Vinyls and ModWood Technologies.
CF Industries Holdings, Inc. is an American-based company founded in 1946 as the Central Farmers Fertilizer Company. The company produces and distributes agricultural fertilisers, such as ammonia, urea, and others.
Koch Fertilizer, LLC is a key player in the ammonia market. The United States-based company is a manufacturer, marketer, and distributor of fertiliser products. The company provides anhydrous ammonia to fertiliser retailers and has five North American plants to meet customer demands.
GROUP DF is a global chemical company that functions across Europe and Asia. The company primarily deals with fertiliser and titanium businesses.
CASALE SA is a Switzerland-based company owned by Casale Holding. The company uses efficient solutions and services to produce ammonia, urea, nitrate, and phosphate fertilisers.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by End Use||
|Breakup by Region||
|Trade Data Analysis||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Ammonia Market Analysis
8.1 Key Industry Highlights
8.2 Global Ammonia Historical Market (2017-2021)
8.3 Global Ammonia Market Forecast (2022-2027)
8.4 Global Ammonia Market by Type
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.5 Global Ammonia Market by End Use
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.6 Global Ammonia Market by Region
8.6.1 North America
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.6.3 Asia Pacific
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.6.4 Latin America
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.6.5 Middle East and Africa
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
9 North America Ammonia Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2017-2021)
9.1.3 Forecast Trend (2022-2027)
9.2.1 Market Share
9.2.2 Historical Trend (2017-2021)
9.2.3 Forecast Trend (2022-2027)
10 Europe Ammonia Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2017-2021)
10.1.3 Forecast Trend (2022-2027)
10.2.1 Market Share
10.2.2 Historical Trend (2017-2021)
10.2.3 Forecast Trend (2022-2027)
10.3.1 Market Share
10.3.2 Historical Trend (2017-2021)
10.3.3 Forecast Trend (2022-2027)
10.4.1 Market Share
10.4.2 Historical Trend (2017-2021)
10.4.3 Forecast Trend (2022-2027)
11 Asia Pacific Ammonia Market Analysis
11.1.1 Market Share
11.1.2 Historical Trend (2017-2021)
11.1.3 Forecast Trend (2022-2027)
11.2.1 Market Share
11.2.2 Historical Trend (2017-2021)
11.2.3 Forecast Trend (2022-2027)
11.3.1 Market Share
11.3.2 Historical Trend (2017-2021)
11.3.3 Forecast Trend (2022-2027)
11.4.1 Market Share
11.4.2 Historical Trend (2017-2021)
11.4.3 Forecast Trend (2022-2027)
11.5.1 Market Share
11.5.2 Historical Trend (2017-2021)
11.5.3 Forecast Trend (2022-2027)
12 Latin America Ammonia Market Analysis
12.1.1 Market Share
12.1.2 Historical Trend (2017-2021)
12.1.3 Forecast Trend (2022-2027)
12.2.1 Market Share
12.2.2 Historical Trend (2017-2021)
12.2.3 Forecast Trend (2022-2027)
12.3.1 Market Share
12.3.2 Historical Trend (2017-2021)
12.3.3 Forecast Trend (2022-2027)
13 Middle East and Africa Ammonia Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2017-2021)
13.1.3 Forecast Trend (2022-2027)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2017-2021)
13.2.3 Forecast Trend (2022-2027)
13.3.1 Market Share
13.3.2 Historical Trend (2017-2021)
13.3.3 Forecast Trend (2022-2027)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2017-2021)
13.4.3 Forecast Trend (2022-2027)
14 Market Dynamics
14.1 SWOT Analysis
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Yara International ASA
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
18.2.2 CSBP Limited
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
18.2.3 CF Industries Holdings, Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
18.2.4 Koch Fertilizer, LLC
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
18.2.5 GROUP DF
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
18.2.6 CASCALE SA
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ammonia Market: Key Industry Highlights, 2017 and 2027
2. Global Ammonia Historical Market: Breakup by Type (MMT), 2017-2021
3. Global Ammonia Market Forecast: Breakup by Type (MMT), 2022-2027
4. Global Ammonia Historical Market: Breakup by End Use (MMT), 2017-2021
5. Global Ammonia Market Forecast: Breakup by End Use (MMT), 2022-2027
6. Global Ammonia Historical Market: Breakup by Region (MMT), 2017-2021
7. Global Ammonia Market Forecast: Breakup by Region (MMT), 2022-2027
8. North America Ammonia Historical Market: Breakup by Country (MMT), 2017-2021
9. North America Ammonia Market Forecast: Breakup by Country (MMT), 2022-2027
10. Europe Ammonia Historical Market: Breakup by Country (MMT), 2017-2021
11. Europe Ammonia Market Forecast: Breakup by Country (MMT), 2022-2027
12. Asia Pacific Ammonia Historical Market: Breakup by Country (MMT), 2017-2021
13. Asia Pacific Ammonia Market Forecast: Breakup by Country (MMT), 2022-2027
14. Latin America Ammonia Historical Market: Breakup by Country (MMT), 2017-2021
15. Latin America Ammonia Market Forecast: Breakup by Country (MMT), 2022-2027
16. Middle East and Africa Ammonia Historical Market: Breakup by Country (MMT), 2017-2021
17. Middle East and Africa Ammonia Market Forecast: Breakup by Country (MMT), 2022-2027
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Global Ammonia Market Structure.
In 2021, the market attained a volume of nearly 178.33 MMT.
The market is assessed to reach almost 202.01 MMT by 2027.
The major drivers supporting the market include the rising application of ammonia in the production of fertilisers, increasing food demands, escalating eco-consciousness, awareness about the importance of cleanliness and hygiene, ability to absorb substantial amounts of heat from its surroundings, and need to reduce dependency on fossil fuels.
The global ammonia market is assessed to grow at a CAGR of 2.10% between 2022 and 2027.
Ammonia can be an environment-friendly alternative to other fuels in the shipping and aviation sector as it can reduce the emissions.
The green ammonia refers to the ammonia production that is renewable and carbon-free, using nitrogen from the air and hydrogen from water electrolysis.
The key trends in the market include the increasing utilisation in various end-use sectors, government initiatives, and the production of green ammonia.
The significant types of ammonia include liquid and gas.
The various end uses of ammonia include agriculture, textile, mining, pharmaceutical, and refrigeration, among others.
The major players in the ammonia market are Yara International ASA, CSBP Limited, CF Industries Holdings, Inc., Koch Fertilizer, LLC, GROUP DF, and CASCALE SA, among others.
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