Chemical Research Report Ammonia-Market | Page 2

Increasing demand for fertilizers in the agriculture sector is the major driving factor for the growth of global ammonia market across owing to increasing production capacity of ammonia across the globe this factor driving the market. For instance, according to the International Fertilizer Industry Association (IFA), ammonium production on the basis of region North America and South Asia accounted for 70% of overall capacity growth in forecast period (2017-2021). However, ammonia is irritating and corrosive. Thus, exposure to high concentrations of ammonia in air causes burning of nose, throat, and respiratory tract, which is one of the major factors restraining the ammonia market growth. The global ammonia market was valued at US$ 48.99 billion in 2017 and is expected to expand at a CAGR of 5.4% in terms of revenue during 2018–2025, owing to rising ammonia production capacity across the globe. According to the International Fertilizer Industry Association (IFA), global ammonia capacity is projected to expand by 8% over 2016, to reach 234 Mt NH3 in 2021. Increase in capacity is expected in EECA, North America, and Africa by 2021. Browse More About the Ammonia Market Study @ https://www.coherentmarketinsights.com/market-insight/ammonia-market-2157 Report includes chapters which deeply display the following deliverable about industry: • Ammonia Market Research Objective and Assumption • Ammonia Market Purview - Report Description, Executive Summary, and Coherent Opportunity Map (COM) • Ammonia Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis • Global Ammonia Market, By Regions • Ammonia Market Competition by Manufacturers including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type. • Ammonia Market Manufacturers Profiles/Analysis including Company Basic Information, Manufacturing Base and Its Competitors. • Ammonia Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of Raw Materials. • Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials Sourcing and Downstream Buyers • Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning and Distributors/Traders List. • Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer Preference Change and Economic/Political Environmental Change. • Ammonia Market Forecast including Production, Consumption, Import and Export Forecast by Type,