Ammonia Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2025
Global ammonia market is projected to grow and cross $ 68 billion by 2025. Wide use of ammonia in fertilizer industry is one of the key factors which is anticipated to drive the market during the forecast years. Growing demand for nitrogen fertilizers and upsurge in the utilization of ammonia to produce explosives is positively influencing the market growth. The global ammonia market is segmented based on grade, manufacturing process, application, and region. Based on application, the market can be categorized into Fertilizers, Chemicals, Pharmaceuticals, Electronics, Refrigeration, Household, Food, and Others. The Fertilizers segment dominates the global ammonia market with the segment’s share standing at more than 70% in 2019. Ammonia is widely used in the manufacturing of various liquid fertilizer solutions consisting of aqua ammonia, ammonium nitrate and urea. In terms of grade, the market is fragmented into Anhydrous and Aqueous. Anhydrous segment is anticipated to continue...