Ammonia Market 2025 by Segmentation, Major Players, Size, Dynamics and Forecasts “The Ammonia Industry is estimated to grow at a significant CAGR of 5.3% over the forecast period as the scope and its applications are rising enormously across the globe.�
Global Ammonia Market is expected to reach USD 76.64 billion by 2025. Ammonia is also termed as Azane, is a colorless inorganic compound of hydrogen and nitrogen. Its molecular formula is NH3 or H3N with a molecular weight of 17.031 g/mol. In the atmosphere, it is the most copious nitrogen-containing compound. It has a distinct strong odor and is exclusively used in industry. It is highly soluble in water. The ammonia can also be available in the form of ammonium salts like ammonium sulfate, (NH4)2SO4; ammonium nitrate, NH4NO3; and other ammonium phosphates. It occurs naturally throughout the atmosphere in the water, air, and soil, in animals and plants, and even humans. The Ammonia Industry is estimated to grow at a significant CAGR of 5.3% over the forecast period as the scope and its applications are rising enormously across the globe. Rising disposable income and growing population in developing countries like Indonesia, India, and Brazil that may lead demand for agricultural products for high lifestyle and inclination in dietary consumption in several developed regions are documented as major factors of Ammonia Market that are estimated to enhance the growth in the years to come. However, high cost of natural gas may restrain overall market growth. Ammonia Market is segmented based on product type, form, application, and region. Aqueous ammonia and anhydrous ammonia are the product types that could be explored in Ammonia Market in the coming years. The anhydrous ammonia sector accounted for the substantial market share and is estimated to lead the overall market in coming years. This may be because it is easily available in gaseous form and is cost-efficient. Powder, gas, and liquid are the forms that could be explored in Ammonia Market and is estimated to lead the overall market in the forecast period.
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