Secondary Research The research methodology used to estimate and forecast the industrial refrigeration system market begins with capturing data on revenues of the key vendors in the market through secondary research. In the U.S., approximately 45% of the product is consumed in nitrogen fertilizer and the remaining is used for producing synthetic fibers plastics, resins, and various other chemical compounds. Liquid ammonia is also widely used in industrial cleaning solutions which is also projected to bolster the growth throughout the course of the next five years. It is vital to understand the production size as it gives a full picture of the capacities in various regions for the ammonia market. The industry is marked by the presence of global as well as regional market players. In China, ammonia is mostly produced from coal gasification, whereas globally it is mostly obtained from natural gas. Market Synopsis of Ammonia Market: Globally, the market for ammonia … Ammonia Market Ammonia market share with predicted implications of corona impact, brand share analysis, lockdown impact assessment, deep-dive competition analysis, market size and historical value analysis Home Chemicals The key insights of the report: 1.The Please fill out the form below for a free PDF report sample & Design an exclusive study to serve your research needs. The global ammonia market size is anticipated to reach USD 76.64 billion by 2025, at a registering a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Press release - Market Intelligence Data - Green Ammonia Manufacturing Market Global Size, Demand, Top Companies, Revenue and Growth 2025 - … Please wait while we are processing your request... Ammonia Market Size & Outlook, Industry Forecast Report, 2014-2025, Request discounts available for Start-Ups & Universities. of Pages: 103 Base Year for Estimate: 2019 Format: Electronic (PDF) Furthermore, the market is also poised to witness a considerable growth on account of the growing usage of ammonia as a refrigerant owing to numerous beneficial properties such as it is considered safe for the environment and ammonia-based refrigeration systems consume less electricity. Secondary Research The research methodology used to estimate and forecast the industrial refrigeration system market begins with capturing data on revenues of the key vendors in the market through secondary research. CAGR of 3.62%, Market Size: $64.390 billion in 2025. By application, the segmentation of the market has been done on the basis of agriculture, mining, refrigeration, pharmaceuticals, and others. The Asia Pacific is the largest market for ammonia due to growing use of ammonia in fertilizers. The global ammonia market is touted to record a substantial market valuation of USD 68.35 billion by 2028. What is the size of global ammonia market? The current pandemic situation has created disruption in the manufacturing of agrochemicals by virtue of raw material availability. As the ammonia industry has been ill-famous for burdening the planet with greenhouse gases by consuming a major chunk of fossil fuels and conventional energy sources, industry players are shifting to manufacturing bio ammonia … By application, the agriculture segment is projected to hold a substantial market share until the end of the forecast period. Also, the closure of industrial and corporate sectors further impacted the demand for refrigerants as well as refrigeration systems which is further projected to inhibit the demand during the short run. Its molecular formula is NH3 or H3N with a molecular weight of Anhydrous ammonia is the purest form of ammonia, which does not contain any water molecule. The process involves a direct reaction between elemental nitrogen & hydrogen in the presence of high temperature, catalyst, and elevated temperature. Ammonia Market Size 2020 Demand, Global Trend, News, Business Growth, Top Key Players Update, Business Statistics and Research Methodology by Forecast to 2026 Post author By Credible Markets Post date November 25, 2020 - 201301 India, Copyright © 2020. The presence of well-established fertilizer manufacturing companies in the region coupled with the growing pharmaceutical industry of the region is also one of the additional factors that support the market growth in the coming years. Ammonia Market industry report focuses on the current market trend, size, share, growth. It is usually transported in steel cylinders in the form of compressed liquid. Get your queries resolved from an industry expert. 1.4.2 Europe Bio Ammonia Market Size and … The report will account for Covid19 as a key market contributor. The liquid form of the product dominated the market, in terms of revenue, with over 45% share in 2016. The global ammonia market is evaluated at US$52.004 billion for the year 2019 growing at a CAGR of 3.62% reaching the market size of US$64.390 billion by the year 2025. Globally, the demand & supply ratio of the product is anticipated to move toward surplus, as the capacity addition is continuing to outpace consumption, resulting in declining utilization rates. A new business intelligence report title “Global On-Line Ammonia Nitrogen Analyzer market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)” is designed covering micro level of analysis by manufacturers and key business segments. Growing demand for agricultural products has made China a … Moreover, it is not highly combustible but may explode when exposed to high heat. Ammonia also has better heat transfer properties in comparison to other chemical refrigerants. Ammonia Market Size to Reach USD 70.75 Million by 2025 | Increasing Landscape of Ammonia Industry Weighs Up with Lucrative 5.85% CAGR Growth Rate Ammonia is a compound of hydrogen and nitrogen. What factors are anticipated to drive ammonia market growth? One of the major factors augmenting the demand for medicines is the constantly growing prevalence of chronic diseases throughout the globe. Growing cosmetics and pharmaceutical industry. New York, NY -- -- 12/24/2020 -- Ammonia Market: Ammonia Market is a colourless gas with a pungent odour. The global ammonia market size was worth USD 48.65 billion in 2016. Thus, the growth of the pharmaceutical industry and the cosmetics industry will directly impact the demand for ammonia. With an increasing focus on energy consumption systems, ammonia refrigeration systems are a sustainable and safe option. Ammonia is considered as one of the key components used to manufacture several things. The country is among the major producers of the product. Numerous global suppliers of ammonia exist. The rising demand for ammonia in the fertilizer industry is expected to boost industry growth. Thus, a significant increase in the adoption of ammonia as a refrigerant is projected to augment the growth of this segment in the coming years. Chemicals-Materials Global Ammonia Ammonia Market report spread across 125 pages, include 35 table and 11 figures, also profiled top 10 global market players. However, the recent outbreak of the novel coronavirus disease is projected to hamper the market growth to some extent owing to the fact that operations across several industries were halted due to the government restrictions and lockdowns in many parts of the world. In the laboratory, it is synthesized by the hydrolysis of a metal nitride. A4. Press release - Market Intelligence Data - Green Ammonia Manufacturing Market Global Size, Demand, Top Companies, Revenue and Growth 2025 - published on openPR.com Volume in Kilotons, Revenue in USD million and CAGR from 2017 to 2025, North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, U.S., Canada, Mexico, UK, Germany, Russia, China, India, Saudi Arabia, Revenue & volume forecast, company share, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization. This report provides in-depth analysis of Australia Ammonia market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the By form, the liquid segment is projected to hold a significant share in the market throughout the course of the next five years. [Original Price: $4595] [Discount Price: 4135.5] You Will Get Custom Report at Syndicated Price on Ammonia Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 The solution can cause burns and irritation. As ammonia reacts instantly with clay particles, soil, and organic matter which is also an additional factor boosting its application in the agricultural sector. Privacy Policy. The current market size of the global green ammonia market is USD 17 million in 2019. According to the new market research report published by MarketsandMarkets , the Green Ammonia Market size will grow to USD 852 million by 2030 from USD 11 million in 2020, at a CAGR of 54.9% during 2020 to 2030. China is the largest producer of the product and the country’s market is anticipated to ascend at a CAGR of 6.3% from 2017 to 2025. Global Ammonia Market Size Demand to grow at a CAGR of 3.5-4.0 percent: The total global demand is expected to increase from 196MMT to 225MMT by 2023 The fertilizer segment to drive the demand: Significant demand is expected from the fertilizer chemicals segment with the growing population in the developing region. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global ammonia market. According to the World Health Organization, the contribution of chronic diseases is expected to reach 73% of all the deaths and 60% of the global disease burden by the year 2020 which was 60% and 43% respectively in the year 2020. Ammonia is being used as a refrigerant owing to several benefits such as high efficiency, environmentally-friendly, smaller pipe size, better heat transfer properties, and cost. 1.3.2 Europe Bio Ammonia Market Size and Growth Rate of Ammonia from woody biomass from 2014 to 2026. It is also used in the manufacturing of various liquid fertilizer solutions that consist of ammonium nitrate, aqua ammonia, and urea. This new market research report forecasts on Ammonia Market providing complete market figures, consisting market size and estimation by Ammonia Market application and products depending upon geographical location for the forecasting period 2012 to 2022. Is high, especially in the market growth our support available to help you 24 hours day! 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