Ammonia Market Report 2021-2031
Forecasts by Ammonia Grade (Industrial Grade Ammonia, Agriculture Grade Ammonia, Commercial Grade Ammonia, Pharma Grade Ammonia) by Chemical Uses (Caprolactam, Acrylonitrile, Hydrogen Cyanide, Miscellaneous Amines and Nitriles) by Application (Fertilizers, Refrigerants, Pharmaceuticals, Textile) by Product Form (Liquid Ammonia, Ammonia Gas, Ammonia Powder). PLUS Profiles of Leading Ammonia Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios Analysis
Ammonia Market – Our new market research study shows trends, developments, progress in R&D and forecast revenue till 2031. It is estimated that by 2020, the world ammonia market in volume will reach 152,000,000 metric tonnes and will expand by 4.2 per cent over 2021-2031. Over the next 10 years, global capacities in ammonia are projected to increase by 4 percent. Capacity growth is expected in Africa, Central Asia, Eastern Europe, and Southeast Asia, in addition to increases in North America. As a result of regional nitrogen deficits, increased ammonia demand is expected in Latin America and South Asia. The continued demand for nitrogen fertilizers continues with large corn plantings.
What are the key factors to reshaping the growth of the Ammonia market? To find out, you must read this newly updated report if you are one of the stake holder of this market. This exclusive report by Visiongain shows you potential revenue opportunity pool until 2031 for the assessment of data, trends, opportunities and business outlooks.
What factors could lead to an expansion of the Ammonia market?
All nitrogen fertilizers are mainly supplied with ammonia. Ammonia containing 82 percent nitrogen is the main source of nitrogen in different forms of fertilizer used in crop production. Ammonia may be directed to the soil or as a raw material used for producing nitrogen fertilizers such as urea, ammonia nitrate and nitrogen as a fertiliser. It can also be used to produce more complex fertilizer such as DAP and MAP, both of which are the two principal phosphate fertilizer used for the production of crops by farmers. For manufacture, DAP can also be used. It’s an ingredient. In addition, ammonia and ammonia derivatives are the basic material used by farmers for several nitrogen formulations, phosphate and potash containing mixed fertilizers in combination with potassium and phosphatic acid. Changes in the price of ammonia are common in nitrogen fertilizers and change in prices. Faced with higher ammonia prices, farmers might be able to reduce losses in net returns by adopting nitrogen-saving crop production practices.
The cost to produce ammonia and the cost to ship ammonia are Crucial Factors
Two main factors that will help determine future sources for the global ammonia supply are the cost of producing ammonia and the cost for ships from other countries to American markets. A relatively low price for natural gas in the US would favor US-produced ammonia due to low shipping costs and a relatively low price for natural gas would benefit ammonia imports due to low production costs. The main ammonia suppliers in the US are likely to be countries which have relatively low ammonia prices and low shipping ammonia to the U.S. markets. For an ammonia exporter to compete, a country needs to make a major initial investment to develop an ammonia transportation infrastructure. Ammonia is a dangerous substance and must be transferred in cooled vessels or in containers under pressure. There are also substantial costs for construction of new ammonia export plants
How Price Fluctuations Are Troubling Ammonia Producers?
High transport costs limit imports from Eastern Europe. In the Black Sea Region of eastern Europe (Russia and Ukraine), the costs of production of ammonia in the region are relatively low because of relative low natural gas prices. However, because of the long distance to the United States the costs for ammonia from these countries to the U.S. markets are comparatively high. Trade-distorting gas prices in Russia are keeping domestic gas prices low, with Russian sub-prices being sold at much higher prices on external markets. Further increases in US natural gas prices could result in a continuing decrease in US production of ammonia and increased US imports of ammonia. A significant increase in US imports of ammonia is probably due to its relatively low price of natural gas and large gas reserves, from Trinidad and Tobago in the short run and from Venezuela in the future.
How are you going to tackle the negative effects of the COVID-19 pandemic?
In addition to the reduction in population growth, COVID-19 is expected to lead to a further reduction in economic activity by 2020 to 2030.
Despite the serious effects of the pandemic, the top ammonia producers will likely advance their next ammonia project. The Top 10 Countries are expected to receive a total of 46.5 million tonnes per year (mTPA), four of which are more than 2/3 or 33.2 mtpa. With 9.2 mtpa and 8.7 mtpa, both India and Iran lead. Global ammonia projects currently in the pipeline can suffer start-up delays due to increased assurance regarding phasing and scheduling, but depend largely on the duration and severity of the COVID-19 outbreak.
This was seen by a number of companies announcing capex cuts this year as an immediate and positive sign for mixed reactions from leading ammonia farmers. Companies seek to maximise production dynamically and schedule their investments to sustain productivity and development over a long period of time. Yara International remains committed to investment but has indicated that COVID-19 optimization can delay some expenses. Producers continue to analyse their businesses’ capital structure to find new economic investment opportunities.
What regions are the champions of Ammonia market growth?
Production capacity is limited in imports from the Middle East and North Africa. Natural gas prices are the lowest in the world in Middle East and Northern Africa because massive reserves of gas are well above the local demand in these areas. Low ammonia production capacities restrict significant ammonia exports from countries in these regions. In addition, if countries in the Middle East were exporters of ammonia, the cost of shipments of ammonia in Asian markets (India and China), rather than in US (Stokes), to the countries of the Middle East (Arab Gulf Region).
Discover how to stay ahead
542 tables and graphs are included in our 487-page report. Read about the most lucrative industries and the future prospects on the market. Our new study allows you to evaluate forecast sales worldwide and regional. See financial results, trends, opportunities and forecasts of revenue. In this growing Ammonia market a lot of opportunity remains. See how opportunities can be taken advantage of.
Forecasts to 2031 and other analyses reveal the commercial prospects of Ammonia Market
• In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares.
• You find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), product profiles and commercial developments.
Discover sales predictions for the Ammonia market and submarkets
Global Ammonia Market by Ammonia Grade
Industrial Grade Ammonia
Agriculture Grade Ammonia
Commercial Grade Ammonia
Pharma Grade Ammonia
Global Ammonia Market by Chemical Uses
Miscellaneous Amines and Nitriles
Global Ammonia Market by Application
Global Ammonia Market by Product Form
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 5 regional and 20 leading national markets:
• North America Ammonia Market Outlook
o U.S. Market Forecast & COVID Impact Analysis
o Canada Market Forecast & COVID Impact Analysis
• Europe Ammonia Market Outlook
o Germany Market Forecast & COVID Impact Analysis
o France Market Forecast & COVID Impact Analysis
o United Kingdom Market Forecast & COVID Impact Analysis
o Italy Market Forecast & COVID Impact Analysis
o Spain Market Forecast & COVID Impact Analysis
o Rest of Europe Market Forecast & COVID Impact Analysis
• Asia Pacific Ammonia Market Outlook
o China Market Forecast & COVID Impact Analysis
o Japan Market Forecast & COVID Impact Analysis
o India Market Forecast & COVID Impact Analysis
o Australia Market Forecast & COVID Impact Analysis
o South Korea Market Forecast & COVID Impact Analysis
o Rest of Asia Pacific Market Forecast & COVID Impact Analysis
• Latin America Ammonia Market Outlook Market Forecast & COVID Impact Analysis
o Brazil Market Forecast & COVID Impact Analysis
o Mexico Market Forecast & COVID Impact Analysis
o Argentina Market Forecast & COVID Impact Analysis
o Rest of Latin America Market Forecast & COVID Impact Analysis
• Middle East and Africa Ammonia Market Outlook
o Turkey Market Forecast & COVID Impact Analysis
o Saudi Arabia Market Forecast & COVID Impact Analysis
o South Africa Market Forecast & COVID Impact Analysis
o UAE Market Forecast & COVID Impact Analysis
o Egypt Market Forecast & COVID Impact Analysis
o Rest of Middle East and Africa
The report also includes profiles and for some of the leading companies in the Ammonia Market, with a focus on this segment of these companies’ operations.
Global ammonia market in terms of volume is estimated to be at 152,000 thousand metric tons in 2020 and is projected to grow at a CAGR of 6.2% during forecast period 2021-2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
Leading companies and the potential for market growth
CF Industries Holdings, Inc.
Huaqiang Chemical Group
Rashtriya Chemicals & Fertilisers Ltd.
China Petroleum & Chemical Corporation
China National Petroleum Corporation
Shanxi Jinfeng Coal Chem
Hangzhou Hengmao Chemical
How the Ammonia Market report helps you
In summary, our 487+ page report provides you with the following knowledge:
• Revenue forecasts to 2031 for Ammonia Market, with forecasts for Ammonia Grade, Chemical Uses, Application, Product Form each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues
• Revenue forecasts to 2031 for 5 regional and 20 key national markets – See forecasts for the Ammonia market in North America, Europe, Asia-Pacific and LAMEA. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, Spain, China, India, Japan, and Australia among other prominent economies.
• Prospects for established firms and those seeking to enter the market– including company profiles for 10 of the major companies involved in the Ammonia Market. Some of the company’s profiled in this report include Yara International, BASF SE,CF Industries Holdings, Inc.,Potash Corp, Huaqiang Chemical Group, Rashtriya Chemicals & Fertilisers Ltd.,China Petroleum & Chemical Corporation ,China National Petroleum Corporation, Shanxi Jinfeng Coal Chem, Hangzhou Hengmao Chemical,
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.
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Buy our report today Ammonia Market Report 2021-2031: Forecasts by Ammonia Grade (Industrial Grade Ammonia, Agriculture Grade Ammonia, Commercial Grade Ammonia, Pharma Grade Ammonia) by Chemical Uses (Caprolactam, Acrylonitrile, Hydrogen Cyanide, Miscellaneous Amines and Nitriles) by Application (Fertilizers, Refrigerants, Pharmaceuticals, Textile) by Product Form (Liquid Ammonia, Ammonia Gas, Ammonia Powder). PLUS Profiles of Leading Ammonia Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios Analysis. Avoid missing out by staying informed – order our report now.
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