The ‘Asia Pacific Ammonia Market Trends, Share, Price, Size, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Asia Pacific ammonia market, assessing the market on the basis of its segments like types, applications, and major countries.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Asia Pacific Ammonia Market Size, Share, Trends, Industry, Key Player, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 1.5%

It is anticipated that the growing population and rising income will encourage ammonia production, driving up demand for the chemical across the Asia Pacific region. Governments all around the world are working to reduce energy system emissions to net zero, which is assisting the expansion of the Asia Pacific market for ammonia. Global nitrogen demand has been driven by factors including population and economic expansion, and Asia Pacific is predicted to produce a leading share of ammonia. China is a prominent ammonia producer in the Asia Pacific region. With rising industrial activity, India is also anticipated to play a significant role in the Asia Pacific ammonia market.

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Based on type, the market is bifurcated into:

• Gas
• Liquid

On the basis of application, the market is segmented into:

• Fertilisers
• Textile
• Mining
• Pharmaceuticals
• Refrigeration
• Others

Based on country, themarket is divided into:

• China
• Japan
• India
• Australia
• Others

Asia Pacific Ammonia Market Trends

Ammonia is extensively used in the pharmaceutical industry for the production of medicines. It serves as a processing aid in the production of a range of products utilised in fermentation and culture control, as well as biotechnology. Ammonia is also utilised as a refrigerant due to its great efficiency, environmental acceptability, lower pipe size, superior heat transfer qualities, and affordability. Ammonia refrigeration systems are a safe and ecological alternative in a world where energy consumption methods are being prioritised. It is regarded as among the most environmentally benign refrigerant among the natural refrigerants.

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In comparison to other chemical refrigerants, ammonia also has greater heat transfer characteristics, thus aiding the Asia Pacific ammonia market. Due to the ability to support refrigerant equipment in smaller heat transfer areas, the plant construction and system operating costs are reduced. The majority of ammonia’s usage as a refrigerant are in large commercial and industrial settings.

Substances prepared by using ammonia in substantial amounts include ammonium carbonate, phenol, urea, amino acids, hydrogen cyanide, nitriles, hydrazine, and hydroxylamine, among others. The Asia Pacific ammonia market is anticipated to be driven by the increased usage of ammonia in the production of pharmaceuticals and vaccines, as well as its widespread use in fertilisers and other end-use and downstream applications.

Key Market Players

The major players in the Asia Pacific ammonia market report are:

• Mitsubishi Gas Chemical Company, Inc.
• Yara International ASA
• Mitsui & Co.
• Indian Farmers Fertiliser Cooperative Limited (IFFCO)
• Nutrien Ltd.
• Brunei Fertilizer Industries Sdn Bhd
• PT Pupuk Kalimantan Timur (PKT)
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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