Industry Survey, Growth, Competitive Landscape
and Forecasts to 2028
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
• Global Ammonia Market is projected to be valued at USD 68,354.5 Million by 2028 registering a CAGR of 4.02% during the forecast period.
Growing demand for ammonia for fertilizer production is a key driver of the global ammonia market. Urea, ammonium nitrate, ammonium
sulfate, ammonium phosphate, diammonium phosphate, monoammonium phosphate, and others are some of the fertilizers produced using
Ammonia Market2021: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2028
• Market Segmentation:
• Global Ammonia Market has been segmented on the basis of Form, Sales Channel, Application and Region.
Based on form, the global ammonia market has been segmented into liquid, powder, and gas. The liquid form segment was valued at USD
19,821.3 million in 2018. The gas form segment emerged as the fastest-growing segment with a CAGR of 4.34% during the review period. The
growth of the gas form segment is because it is the purest form and does not contain any water molecules.
On the basis of application, the market is classified into fertilizers, chemicals, refrigeration, fibers and plastics, pharmaceutical, pulp and paper,
and others. Among these, the fertilizers application segment accounted for more than 60% of the market share in 2018. The rising demand for
food on the backdrop of an increasing global population is projected to drive the demand for ammonia.
By the sales channel, the market is divided into direct channel and distribution channel. The direct channel segment dominated the global
ammonia market in 2018 with an approximately one-fifth share of the global ammonia market.
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