Market Research Global Inorganic Chemicals Market | Page 2
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Inorganic Chemicals Market Outlook – Surge in Demand for Ammonia for Agricultural
Application Augmenting Market Growth
Population explosion witnessed over the last five decades has put considerable strain upon the
already stretched thin agricultural sector. Moreover, rapid urbanization led to steep fall in
farmland which force down the farmer for duel cultivation, characterized by large volumes of
fertilizers being used to maintain optimum soil fertility. Nitrogen-based fertilizers are widely
used by farmers, as it is easily available, cost-effective, and rather effective in increasing
fertility of the soil. This in turn is expected to fuel the inorganic chemicals market during the
forecast period. Ammonia is also used for cold storage and food preservation in the food &
beverages industry. Moreover, the explosive manufacturing industry uses ammonium nitrate in
bomb manufacturing. Asia Pacific is expected to be one of the most lucrative markets of
manufacturers of inorganic chemicals, due to strengthening of the economy and strong
agricultural base in China, India, and South East Asian countries.
Inorganic Chemicals Market – Regulatory Scenario:
February 24, 2004, U.S. Department of State enforce the Rotterdam Convention as an
international treaty designed to facilitate informed decision-making by countries with
regard to trade in hazardous chemicals.
January 01, 2006, The State Environment Protection Administration and the General
Administration of Custom of China, In order to strictly prevent illegal export of toxic
chemicals and earnestly improve the implementation of the Rotterdam Convention on the
Prior Informed Consent Procedure for Certain Hazardous Chemicals Pesticides in
International Trade and the Stockholm Convention on Persistent Organic Pollutants.
June 22, 2016, the Frank R. Lautenberg Chemical safety for 21st century act updated the
1976 toxic substances control act, which allows EPA to protect the people of US from
toxic chemicals.
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