Ammonia Market Report Analysis By Form, End Use Segment And Region-2025

 

Ammonia Market

The global ammonia market size was worth USD 48.65 billion in 2016. The rising demand for ammonia in the fertilizer industry is expected to boost industry growth. The product is also the building block for the world nitrogen industry.

Ammonia is a colorless and highly irritating with a sharp suffocating odor gas. It easily dissolves in water and forms an ammonium hydroxide solution. The solution can cause burns and irritation. The gas can be easily compressed, which forms a colorless & clear liquid under pressure. It is usually transported in steel cylinders in the form of compressed liquid. Moreover, it is not highly combustible but may explode when exposed to high heat.

Ammonia is primarily used in the agricultural industry in the form of fertilizers. The fertilizer application segment dominated the global market with over 40% share in 2016. It is considered as a major source of nitrogen, which is an essential element for plant growth. It is also used in the manufacturing of various liquid fertilizer solutions that consist of ammonium nitrate, aqua ammonia, and urea.

Ammonia is mostly used in the liquid form. It is majorly used in fertilizers and industrial & household cleaning. For application in fertilizers, it is compressed into a liquid and then mixed with different plant enhancers. In the gaseous form, it combines with moisture present in the dirt, which in turn results in ammonia-enriched fertilizer soil.

 In terms of grade, the Ammonia market is fragmented into Anhydrous and Aqueous. Anhydrous segment is anticipated to continue its dominance in the market over the next five years on account of its easy availability in gaseous grade and lower cost compared to aqueous grade in end-use applications. China is also the largest producer of ammonia, globally.As ammonia is used as a feedstock for the various products such as medicines and cosmetics, it will give a boost to the global ammonia market in the region.

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Location: India

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