What is Bio Ammonia Market?
Bio-ammonia is produced from various raw materials such as woody and corn biomass. Bio-ammonia is a colorless compound known for producing a strong odor in its gaseous form specially used as a refrigerant in the refrigeration system. Certainly, in the ammonia industry, a massive shift has taken place, underground and out of sight, years away from any commercial exploitation: ambient bacteria are threatening to take over the high pressure, a high-temperature world of chemical engineering. The increase of the world population in recent years is demanding a continuous challenge in agriculture: providing more food maintaining the same crop area. The improvement of crop yield has been achieved using nitrogenous fertilizers that provide nourishment essential for the growth of crops and the maintenance of the soil and this is projected the growth of bio ammonia market in the forecast period.
The market study is being classified by Type (Ammonia from corn biomass and Ammonia from woody biomass), by Application (Fertilizer, Fuel and Others) and major geographies with country level break-up.
Yara (United States), SynGest (United States), KRIBHCO (India), Koch Agronomic Services, LLC (United States) and Swastik Chemicals (India) are some of the key players profiled in the study.
The Vendors having a strong hold in the market are Yara, SynGest, and KRIBHCO. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bio Ammonia market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bio Ammonia market by Type, Application and Region.
On the basis of geography, the market of Bio 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing in Awareness about Environmental Benefits of Bio Ammonia
- Raising Awareness about its Associated Benefits among Manufacturers of Fertilizers and Refrigerants
Market Trend
- Increasing Eco-friendly and Natural Ammonia Refrigerant in Industrial and Food Preservation Application
Restraints
- Low Production Capacity of Bio-ammonia
Opportunities
- Governments Initiatives is Estimated to Stabilize the Volatility in the Prices of Raw Materials
Key Target Audience
Bio Ammonia Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other