Dublin, Aug. 15, 2024 (GLOBE NEWSWIRE) -- The "Ammonia - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Ammonia is estimated at US$80.8 Billion in 2023 and is projected to reach US$127.5 Billion by 2030, growing at a CAGR of 6.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the ammonia market is driven by several factors, including the intensifying global demand for agricultural fertilizers, advancements in technologies for ammonia synthesis, and the evolving role of ammonia in green energy solutions. Enhanced efficiency and reduced carbon footprint in ammonia production are becoming increasingly crucial due to stricter environmental regulations and the shift towards sustainable industrial practices.
Innovations such as the electrolysis of water to produce hydrogen using renewable energy sources instead of natural gas, and the subsequent synthesis of green ammonia, are paving the way for cleaner production methods. Additionally, the potential of ammonia as a zero-emission fuel in power generation and marine transport is gaining traction, reflecting broader efforts to decarbonize various sectors.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Liquid Ammonia segment, which is expected to reach US$67.6 Billion by 2030 with a CAGR of a 8.0%. The Ammonia Gas segment is also set to grow at 5.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $9.9 Billion in 2023, and China, forecasted to grow at an impressive 8.4% CAGR to reach $33.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BASF SE, Asahi Kasei Corporation, Air Liquide SA, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Ammonia Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 496 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $80.8 Billion |
| Forecasted Market Value (USD) by 2030 | $127.5 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Ammonia - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Ammonia: Product Profile
- Ammonia Synthesis: Historical Perspective
- Key Applications of Ammonia
- Global Market Prospects & Outlook
- Fertilizers: The Leading Application Market
- Developing Regions to Spearhead Growth
- Ammonia Production Scenario
- Global Ammonia Production Capacity (in Million Metric Tons) for 2018, 2019 and 2030P
- Global Ammonia Production Capacity Breakdown by Region (in %) for 2023
- Global Ammonia Production by Country (Thousand Metric Tons of Contained Nitrogen) for 2023
- Ammonia Production Capacity Additions (in mtpa) by Country through 2030
- Competition
- World Brands
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Rising Food Needs of the World and Focus on Improving Farm Yield through Fertilizer Use to Drive Ammonia Demand
- Food Demand Worldwide
- Loss of Arable Land Exerts Immense Pressure on Yields Per Acre
- Role of Fertilizers in Addressing Multi-Nutrient Deficiency Causing Food and Nutritional Insecurity to Spur Market Growth
- Rapidly Evolving Threat of Plant Diseases and Concerns over Associated Yield Losses
- Explosives Emerge as a Promising End-Use Market for Ammonia
- Global Explosives Market Revenues in US$ Million by Geographic Region/Country: 2018 & 2024
- Ammonia as a Refrigerant to Propel Market Gains
- List of Various Refrigerants Types
- Importance of Cold Storage Systems in Global Supply Chains: Positive Outlook for Ammonia-Based Refrigeration Systems
- HCFC Phase Out Programs Build Momentum for Alternative Refrigerants in Cold Chains
- Pharmaceutical Manufacturing Industry to Boost Prospects for Ammonia
- Green Ammonia Holds Tremendous Potential for Growth
- Green Ammonia Market Poised for High Growth
- SOE Technology Leads Green Ammonia Market
- Focus on Green Ammonia Projects
- Ammonia Holds Promise for Convenient Hydrogen Transportation
- Sustainable Focus of Mining Industry Drives Focus onto Green Ammonia
- IMO Mandates Transition to Eco-Friendly Marine Fuel, Ammonia Market to Benefit in Long Run
- Japan Embraces Green Ammonia for Marine Sector
- Technology Developments and Research Programs to Boost Market Growth
- Researchers Develop Eco-Friendly Ammonia to Green Hydrogen Conversion Method
- Rutherford Appleton Laboratory Researchers Develop Green Ammonia as Eco-Fuel
- Natural Gas Dynamics Determine Profitability of Ammonia Production
FOCUS ON SELECT PLAYERS(Total 122 Featured)
- BASF SE
- Asahi Kasei Corporation
- Air Liquide SA
- Dakota Gasification Company
- Acron Group
- Airgas, Inc.
- Chemtrade Logistics
- Casale S.A.
- A-Gas International
- BOC Limited
- Air Products Inc.
- Clear Air Energy
- CSBP Limited
- Atmonia
- Euro Tsa S.R.L.
For more information about this report visit https://www.researchandmarkets.com/r/qu3too
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