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.
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.
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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.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.
The global key players of ammonia market are Terra Industries, Agrium Inc., Koch Nitrogen Company, CF Industries
Inc., BASF SE, Potash Corporation of Saskatchewan Inc., Yara International, Group DF, Togliatti, OCI Nitrogen, Agrium,
Sabic, and Koch Fertilizer.
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