Demand for Ammonia Grows Globally, Claims GBI Research
26 Mar 2013 • by Natalie Aster
Demand for ammonia is on the rise, as India and China lead a trend among emerging countries seeking to become self-sufficient in terms of food production, using ammonia-based fertilizers to do so. Governments worldwide are seeking to provide food security to their nations, particularly in developing and underdeveloped countries which can not necessarily afford extensive imports. While demand in the developed regions of North America and Europe has largely stabilized or is registering slow growth, many poorer nations still have low per unit area fertilizer utilization, offering substantial market potential for ammonia based fertilizers in the future.
The Asia-Pacific region accounted for a 58.7% share of global demand for ammonia in 2011, with China and India accounting for the majority of this. China and India's large populations and growing economies promise substantial consumption potential, reflected in the high growth of ammonia downstream segments such as urea, ammonium nitrate, ammonium sulphate and phosphate. As a result, ammonia demand from the Asia-Pacific region will continue to drive global demand in future. Global demand for ammonia stood at 96,437,749 tons in 2000 and is expected to reach 160,093,693 tons in 2020.
The report "Ammonia Global Market to 2020 - Food Security Concerns Driving Demand for Ammonia-Based Fertilizers" by GBI Research provides detailed analysis and forecasts for major economic and market trends affecting ammonia demand in major regions of the world. It also provides analysis and description of the major drivers and restraints affecting ammonia demand in each region. Global ammonia demand is assessed in terms of end-user segments, prices and competitive landscape, at both the regional and national level. The report provides a comprehensive analysis of the global ammonia market, covering all major parameters.
Ammonia Global Market to 2020 - Food Security Concerns Driving Demand for Ammonia-Based Fertilizers
Published: March, 2013
Price: US$ 3,500.00
More information can be found in the report “Ammonia Global Market to 2020 - Food Security Concerns Driving Demand for Ammonia-Based Fertilizers” by GBI Research.
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