Ammonia Market Description
The global demand for Ammonia is expected to grow at a CAGR of 5.2 percent and an increase from 186 MMT to 234 MMT by 2022. A significant increment in demand is anticipated from the fertilizer segment with the growing population in the developing region. NPK/NP fertilizer has been contributing to a section of the demand. The U.S. has remained as the biggest importer in the past decade. However, moving forward, the U.S. dependency on imports is expected to fall sharply, ending the era of massive imports from Trinidad and Tobago. This is due to the huge capacity additions expected to come onboard by 2022. The report further indicates that the demand from the non-fertilizer segment is expected to grow at a CAGR of 5 percent and the application of ammonia as a refrigerant is expected to drive the demand in this segment.
A detailed analysis of the supply-demand trend and trade dynamics of the major ammonia suppliers from North America, Europe, and APAC has been provided. A comprehensive industry analysis highlighting Porter’s Five Forces examines factors such as supplier power, buyer power, barriers to new entrants etc. An extensive ammonia price forecast for the U.S., Europe, and Asia have also been included in addition to the detailed global supplier profile analysis of manufacturers such as Yara, SABIK, Terra Nitrogen etc.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.