Ammonia Market growing with Remarkable CAGR of 1.1% to Achieve USD 76100 million by 2024

According to this study, over the next five years the Ammonia market will register a 1.1% CAGR in terms of revenue, the global market size will reach US$ 76100 million by 2024, from US$ 71200 million in 2019.

Latest Report on "Ammonia Market size |Industry Segment by Applications (Fertilizer, Refrigerant, Polymer Synthesis and Other), by Type (Liquid Ammonia and Gas Ammonia), Regional Outlook, Market Demand, Latest Trends, Ammonia Industry Share & Revenue by Manufacturers, Company Profiles, Growth Forecasts - 2024." Analyzes current market size and upcoming 5 years growth of this industry.

Ammonia, a colourless and nonflammable gas with a characteristic pungent smell, is a compound of nitrogen and hydrogen with the formula NH3. Ammonia is shipped as a liquified gas under its own vapor pressure of 114 psig. Most extensive use is in soil fertilization. This application is used in the form of salts, nitrates and urea. According to the statistics, ammonia industry concentration is relatively low. The top ten manufacturers were counted for about 18.19% production market share in 2015.

Geographically, the production regions of world ammonia include North America, Europe, Middle East, India and China etc. China was definitely the major production region, which dominated the market with 34.84% production market share in 2015. However, the production concentration is very fragment in China with hundreds of small enterprises located throughout China. Europe, North America was the other two players with 10.09% and 9.31% production market share respectively in 2015.

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Considering the production aspect, the report incorporates details regarding the product renumeration, manufacturing of the product along with the gross margins of the firms manufacturing the product. While speaking of consumption, the research includes data about the product consumption value and the product consumption volume. It also describes about the import as well as export of the products.

Ammonia Market competition by top Manufacturers:

• Yara
• Safco
• CF Industries
• Group DF
• Qafco
• Nutrien(PotashCorp and Agrium)
• Acron
• TogliattiAzot
• Koch
• Eurochem
• SINOPEC
• Yunnan Yuntianhua
• Hubei Yihua
• Pusri
• Rashtriya Chemicals & Fertilisers Ltd
• MINUDOBRENIYA
• Shandong Lianmeng Chem Group
• CNPC
• OCI Nitrogen
• Lutianhua Group
• Huaqiang Chem Group
• Henan Xinlianxin Group
• Shanxi Jinfeng Coal Chem
• LUXI
• Anhui Haoyuan Chem Industry Group
• Hualu-Hengsheng Group and Linggu Chem

A glance at the ideas covered in the report:

• The study offers information related to the production including the economies.
• Information regarding the revenue registered by each region coupled with the production growth is also present in the report.
• Data in concern with the details related to the growth rate to be registered by every region in the Ammonia market during the forecast period is included.
• Details associated with the import and export patterns, consumption value, and the consumption renumeration is described in the report.

A Brief overview of the product spectrum:

Product segmentation:

• Liquid Ammonia and Gas Ammonia

An overview of details provided in the report:

• The report includes data with respect to the returns acquired by each product segment.
• The study offers information regarding consumption patterns of the product.

Important facets related to application terrain:

Application segmentation:

• Fertilizer
• Refrigerant
• Polymer Synthesis and Other

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Evaluation of the application segment of the Ammonia market:

• Data related to the production of the item is described in the report.
• Details regarding the parameters such as costs, production methodology, etc., are involved in the report.
• The report inculcates renumeration details of each application segment.

Data presented in the report:

• Information regarding details of the business profiles of all the companies is mentioned.
• Data about the products manufactured by the firms is inculcated in the report.
• Details regarding the applications and specifications of the products is induced in the report.

The study presents information related to the growth margins of the firms as well as the manufacturing expenses, renumeration and product costs. The Ammonia market research report involves data that speaks about the level to which the industry has been evaluated. Information regarding the analysis of new projects undertaken as well as the conclusions have been inculcated in the report.

Major Key factors of Ammonia market is explained in this report are as below:

• Key Strategic Developments: The study also includes the key strategic developments of the Ammonia market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
• Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, market share, CAGR, and gross margin.
• Analytical Tools: The Ammonia Market report includes the precisely studied and weighed data of the key industry players and their scope in the Ammonia market by means of several analytical tools.

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