Aqua Ammonia Market Scope
Aqua ammonia, alternatively known as ammonia oxide or ammonia water with chemical formula NH4OH, is a chemical liquid which has pungent smell and used in various industry verticals such as agriculture, pharmaceutical and pulp & paper industry among others. Aqua ammonia requires small dimensioned piping and throttle cross sections. Despite hazardous effect associated with exposure to aqua ammonia, the market is expected to grow primarily because its growing applications in end-users industries.
According to AMA, the Global Aqua Ammonia market is expected to see growth rate of 1.4%The Aqua Ammonia market is highly competitive and fragmented, owing to the presence of many regional and domestic players. Emphasis is given to the companies' mergers, expansion, acquisitions, partnerships, and new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Research Analyst at AMA estimates that American and Chinese Vendors will contribute to the maximum growth of Global Aqua Ammonia market throughout the predicted period.
Yara (Norway), CF Industries (United States), Shandong Everlast AC Chemical (China), Hangzhou Hengmao Chemical (China), Dow Chemical Company (united States), GAC Chemical Corporation (United States), KMG Chemicals (United States) and The Chemical Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Lonza Group AG (Switzerland), Thatcher Group (United States), Weifang Haoyuan (China) and Hainan Zhonghairan (China).
Segmentation Overview
The study have segmented the market of Global Aqua Ammonia market by Type (Industrial Grade Aqua Ammonia, Electronic Grade Aqua Ammonia and Pharma Grade Aqua Ammonia), by Application (Agriculture Industry, Rubber Industry, Leather Industry, Pharmaceutical Industry, Pulp and Paper Industry and Others) and Region with country level break-up.
On the basis of geography, the market of Aqua 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).
Influencing Trend:
Increasing Use of Aqua Ammonia as a Precursor to Some Alkyl Amines
Market Growth Drivers:
Growing Use of Aqua Ammonia in Agriculture Industry as Fertilizer and Increasing Adoption of Aqua Ammonia in Pharmaceutical Manufacturing and as a Neutralizing Agent
Challenges:
Stringent Regulatory Guidelines Pertaining to Its Use and Ensuring Safety in Transporting and Storing Ammonia
Restraints:
Hazardous Effect Associated with It Exposure and Growing Demand for Organic Chemicals by End-users Industries
Opportunities:
Growing Expenditure by Various Governments to Increase Productivity in Agriculture
Market Leaders and their Expansionary Development Strategies
An Agreement for the Acquisition of Waggaman Ammonia Production Facility from Incitec Pivot Limited has been announced by CF Industries Holdings, Inc.
L&T enters into an agreement with a company based in Norway to create floating green ammonia projects. In accordance with this Memorandum of Understanding (MoU), L&T work with H2C to design, procure, build, install, and commission the topsides of its floating process plants
Key Target Audience
Manufacturer / Potential Investors, Traders/Distributors/Wholesalers/Retailers,, Importers and Exporters, Association and Government Bodies, Market and Research Firms and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.