Ammonia: A Global Strategic Business Report
San Jose, CA (PRWEB) October 23, 2008
Ammonia, an essential feedstock for a wide range of downstream nitrogen based products, is one of the most common and voluminously produced inorganic chemicals worldwide. The fertilizer industry accounts for a major chunk of ammonia consumed worldwide, while industrial applications account for the remainder. Production in developed markets, such as, the US and Europe, has been relatively flat over the years with rising natural gas prices leading to numerous plant closures, and a reduction in the number of ammonia producing plants. Future growth in terms of expansion of production capacity is expected to stem largely from developing markets. With several ongoing ammonia projects scheduled to come on stream by the end of the decade, worldwide ammonia supply in the upcoming years is projected rise.
World ammonia market has increased substantially from the year 1998 when consumption was estimated at 112.8 million metric tons to 147.6 million metric tons in 2008. Fertilizers represent the largest end-use market with close to 85% of ammonia produced worldwide being used in the production of mineral fertilizers. Asia-Pacific ranks as the largest consumer and producer of ammonia, and growth in this region is expected to stem from agriculture-oriented countries such as China, and India, where ammonia is largely used in the production of urea. Given, the steady increase in demand for ammonia, Asia is expected to witness capacity expansions in the upcoming years. Commissioning of new plants as an alternative to heavy investments in plant upgradations is also expected to rank as a possibility in this region. Demand in Asia, largely stems from the Chinese market, wherein ammonia is finding increased application in NPK/NP production.
Asia-Pacific, and Europe dominate the world ammonia market, with a combined share of nearly 75% estimated in the year 2008, as stated by the recent report published by Global Industry Analysts, Inc. In Europe, Russia ranks as the single largest individual market for ammonia, followed by Germany and France. In the fertilizers end-use market, carbamide or urea consumes over 46% of total ammonia demanded, followed by ammonium phosphate, and ammonium nitrate. In Asia-Pacific, consumption of ammonia in the fertilizers industry is expected to rise by 10,122 thousand metric tons between the period 2008 to 2012. World consumption of ammonia in the industrial end-use market is expected to grow at projected CAGR of 4.9% over the period of 2011 through 2015, reaching 29.3 million metric tons by 2015.
Leading global and regional players operating in the industry include Acron, Agrium Inc, BASF SE, CF Industries Inc, DSM Agro BV, Koch Nitrogen Company, Potash Corporation of Saskatchewan Inc, Terra Industries Inc, Total S.A., The Mosaic Company, and Yara International ASA, among others.
The report titled "Ammonia: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. End-use markets analyzed in the report include Fertilizers (Carbamide (Urea), Ammonium Phosphate, Ammonium Nitrate, and Ammonium Sulfate), and Other Applications. Latent demand patterns in end-use markets are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, Asia-Pacific, and Latin America, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/Ammonia_Market_Report.asp
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Email press @ StrategyR.com
Web Site http://www.strategyr.com/