What is Global Liquid Ammonia Market?
The Global Liquid Ammonia Market is a vast and complex entity that encompasses a wide range of industries and applications. It refers to the worldwide market for liquid ammonia, a key ingredient in many industrial processes. Liquid ammonia is a colorless, highly reactive and volatile substance that is used in a variety of applications, from fertilizers to refrigeration. It is produced through a process known as the Haber-Bosch process, which combines nitrogen and hydrogen under high pressure and temperature. The resulting liquid ammonia is then stored and transported for use in various industries. The global market for this substance is influenced by a variety of factors, including the demand for fertilizers, the growth of the chemical industry, and the need for efficient refrigeration methods.
Agricultural Grade, Commercial Grade in the Global Liquid Ammonia Market:
The Global Liquid Ammonia Market is segmented into two main categories: Agricultural Grade and Commercial Grade. Agricultural Grade liquid ammonia is primarily used in the production of fertilizers. It is a key ingredient in the production of nitrogen-based fertilizers, which are essential for plant growth and agricultural productivity. On the other hand, Commercial Grade liquid ammonia is used in a variety of industrial applications. It is used in the chemical industry for the production of various chemicals, in the metallurgical industry for the treatment of metals, and in other industries for various purposes. The demand for both grades of liquid ammonia is influenced by a variety of factors, including the growth of the agricultural and industrial sectors, the availability of raw materials, and the advancements in production technologies.
Fertilizer, Chemical Industry, Metallurgical Industry, Others in the Global Liquid Ammonia Market:
The Global Liquid Ammonia Market finds its usage in a variety of areas. In the Fertilizer industry, it is used as a key ingredient in the production of nitrogen-based fertilizers. These fertilizers are essential for promoting plant growth and increasing agricultural productivity. In the Chemical Industry, liquid ammonia is used in the production of a variety of chemicals, including nitric acid, ammonium nitrate, and urea. In the Metallurgical Industry, it is used for the treatment of metals, including the removal of oxygen and other impurities. Other uses of liquid ammonia include its use in refrigeration systems, where it serves as a refrigerant due to its high heat absorption capacity. The demand for liquid ammonia in these areas is influenced by a variety of factors, including the growth of these industries, the availability of raw materials, and advancements in production technologies.
Global Liquid Ammonia Market Outlook:
The future of the Global Liquid Ammonia Market looks promising, as indicated by recent market outlooks. In 2022, the market was valued at US$ 61040 million. This figure is expected to rise to US$ 72210 million by 2029, representing a Compound Annual Growth Rate (CAGR) of 2.4% during the forecast period from 2023 to 2029. This growth is expected to be driven by a variety of factors, including the increasing demand for fertilizers, the growth of the chemical and metallurgical industries, and the need for efficient refrigeration methods. However, the market also faces several challenges, including the volatility of raw material prices and the environmental concerns associated with the production and use of liquid ammonia. Despite these challenges, the market is expected to continue its upward trajectory, driven by the increasing demand for this versatile substance in a variety of industries.
| Report Metric | Details |
| Report Name | Liquid Ammonia Market |
| Accounted market size in 2023 | US$ 62630 million |
| Forecasted market size in 2029 | US$ 72210 million |
| CAGR | 2.4 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Yara, CF Industries, Nutrien, TogliattiAzot, Koch Fertilizer, OCI Nitrogen, Acron, SAFCO, QAFCO, Group DF, Eurochem, IFFCO, Rashtriya Chemicals & Fertilizers, Pusri, Jincheng Anthracite Jinshi Chemical, Hubei Yihua, Rui Xing Group, Haohua Junhua Group, Henan Jinkai Chemical, China Coal Group, Henan Xinlianxin Chemicals, Yangmei Chemical, Yunnan Yuntianhua, Lutianhua, Hualu-Hengsheng Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
