The report “Ammonia Market by Type (Anhydrous, Aqueous), Sales Channel (Direct and Indirect), End-use Industry (Agriculture, Textile, Refrigeration, Mining, and Pharmaceutical), and Region – Global Forecast to 2029″, size is projected to grow from USD 79.47 billion in 2024 and is projected to reach USD 91.95 billion by 2029, at a CAGR of 3.0%. Ammonia is required in many industries as it is one of the most widely used chemicals in the world today. There are additional benefits of the Haber-Bosch process in diversifying the application of ammonia. Huge demand from numerous end-user segments most especially in agricultural use is the main factor that is likely to propel the ammonia market. There has been increasing use of ammonia in the textile industry since the population increase and fashion is gaining more ground resulting in increased use of textiles and apparel. The growth in demand for low-carbon solutions is driving the ammonia industry.
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• 225 Market data Tables
• 54 Figures
• 231 Pages and in-depth TOC on “Ammonia Market – Global Forecast to 2029″
• 54 Figures
• 231 Pages and in-depth TOC on “Ammonia Market – Global Forecast to 2029″
Some of the prominent key players are:
- CF Industries Holdings, Inc. (US),
- Yara International ASA (Norway),
- OCI Global (Netherlands),
- BASF SE (Germany),
- Nutrien (Canada) and many more….
Opportunity: Growing emphasis on low-carbon solutions
Increasing environmental concerns with climate change have made the global call for lower carbon solutions. Ammonia is used in fertilizer manufacturing and is now considered part of the emerging clean-energy sector. It has led to a push for the production of green ammonia. The use of such methods also solves environmental issues and corresponds to global goals of sustainable development, which in turn makes low-carbon ammonia more attractive not only for producers but also for consumers. Some of the major players in the industry today are investing in this shift.
