About Ammonia-
Ammonia (NH3) is a colourless, pungent gas composed of nitrogen and hydrogen. Ammonia has alkaline properties and is corrosive. The major use of ammonia is as a fertilizer; it is also used as a refrigerant gas, for the purification of water supplies, and in the manufacture of plastics, explosives, textiles, pesticides, dyes, and other chemicals. Ammonia is also being explored as a potential energy carrier and storage solution, particularly in the context of green or sustainable energy. The growth of the renewable energy sector, such as wind and solar power, could impact the demand for ammonia as a form of energy storage or a feedstock for green hydrogen production.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The ammonia market is characterized by competition among various companies globally, and the level of competition can be influenced by factors such as production capacity, technological advancements, cost efficiency, and market demand. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CF Industries Holdings, Inc. (United States), Yara International ASA (Norway), BASF SE (Germany), Nutrien Ltd. (Canada), OCI Nitrogen (Netherlands), Togliattiazot (Russia), Praxair Inc. (United States), SABIC (Saudi Arabia), Koch Fertilizer LLC (United States), Rastriya Chemicals and Fertilizers Limited (RCFL) (India), Qatar Fertiliser Company (Qatar), CSBP Limited (Australia), EuroChem (Switzerland) and LSB INDUSTRIES. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ammonia- market by , Application (Hydrogen production, Fuel cells, Fertilizer production and Others) and Region.
On the basis of geography, the market of Ammonia- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Liquid will boost the Ammonia- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Agriculture will boost the Ammonia- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Production Process, the sub-segment i.e. Haber-Bosch Process will boost the Ammonia- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Incresed the use in the production of explsive
Market Growth Drivers:
The agricultural industry's growth and the need for increased food production can significantly impact the demand for ammonia. and The expansion or contraction of these industries can influence the overall demand for ammonia.
Challenges:
The production of ammonia is energy-intensive, and the cost of energy and Ammonia is a hazardous substance, and its production, transportation, and handling involve safety challenges.
Restraints:
Environmental regulations and concerns about the environmental impact of ammonia production
Opportunities:
Innovations in cleaner and more sustainable production methods could present opportunities
Market Leaders and their expansionary development strategies
In March 2023, CF Industries Holdings, Inc. acquired Incitec Pivot Limited for IPL’s ammonia production complex. The facility has a nameplate capacity of 880,000 tons of ammonia annually. The acquisition will enhance industry-leading ammonia production capabilities, deploys our capital efficiently and provides long-term value for both companies’ shareholders. and In May 2022, LSB Industries, Inc. acquired thyssenkrupp Uhde USA, LLC to develop a project to produce approximately 30,000 metric tons of zero-carbon or green ammonia per year at LSB’s Pryor, Oklahoma facility. Green ammonia is produced by extracting hydrogen from water using an electrolyzer powered by a renewable energy source, such as solar or wind. Since no natural gas or other fossil fuels are used as the feedstock to the ammonia production process, nor as the power source, the end-product has no associated carbon emissions.
In March 2023, Aramco, one of the world’s leading integrated energy and chemicals companies, and Linde Engineering, a global leader in the production and processing of gases, develop a new ammonia cracking technology. The collaboration between the two companies will combine Linde Engineering and Aramco’s experience and capabilities in industrial research and development, lower-carbon hydrogen, and ammonia cracking technology.
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory and End-User Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.