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