Ammonia Market will witness a 7.22% CAGR, Top Key Players and Forecast to 2030

PUNE, MAHARASHTRA, INDIA, February 1, 2024 /EINPresswire.com/ -- HTF MI introduces new research on Ammonia covering the micro level of analysis by competitors and key business segments (2024-2030). The Ammonia explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing.

Some of the major key players profiled in the study are EuroChem Group AG (Switzerland), EXTRON (Germany), Fertiglobe plc (UAE), Green Hydrogen Systems (Denmark), Greenfield Nitrogen LLC (United States), Group DF (Ukraine), Acron (Russia), Achema AB (Lithuania), ACME Group (India), Koch Fertilizer, LLC (United States), Yara (Norway), CF Industries Holdings, Inc. (United States), Nutrien Ltd. (Canada), Qatar Fertiliser Company (Qatar), Togliattiazot (Russia), SABIC (Saudi Arabia), Sumitomo Chemical Co., Ltd. (Japan), Others..

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The global Ammonia market size is expanding at robust growth of 7.22%, sizing up market trajectory from USD 73.04 Billion in 2023 to USD 114.5 Billion by 2029.

Definition:
Ammonia is a colorless gas with a characteristic pungent smell. It is composed of one nitrogen and three hydrogen atoms and is widely used in various industries, including agriculture, chemicals, and refrigeration.

On the off chance that you are engaged with the industry or expect to be, at that point this investigation will give you a complete perspective. It's crucial you stay up with the latest sectioned by Applications [Fertilizers, Refrigerants, Pharmaceuticals, Textile, Other], Product Types [Liquid, Gas, Powder] and some significant parts of the business.

Market Trends:
 Growing demand for ammonia in the agriculture sector for fertilizer production.

Market Drivers:
 Rising global population driving the demand for ammonia-based fertilizers.

Market Opportunities:
 Increasing focus on sustainable agriculture practices.

Market Restraints:
 Increasing focus on sustainable agriculture practices.

Market Challenges:
 Increasing focus on sustainable agriculture practices.

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Ammonia Market by Key Players: EuroChem Group AG (Switzerland), EXTRON (Germany), Fertiglobe plc (UAE), Green Hydrogen Systems (Denmark), Greenfield Nitrogen LLC (United States), Group DF (Ukraine), Acron (Russia), Achema AB (Lithuania), ACME Group (India), Koch Fertilizer, LLC (United States), Yara (Norway), CF Industries Holdings, Inc. (United States), Nutrien Ltd. (Canada), Qatar Fertiliser Company (Qatar), Togliattiazot (Russia), SABIC (Saudi Arabia), Sumitomo Chemical Co., Ltd. (Japan), Others.

Ammonia Market by Geographical Analysis:

• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Australia or Southeast Asia.

Criag Francis
HTF Market Intelligence Consulting Pvt Ltd
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