Ammonia Water Market By End Use Industry (Agriculture Industry, Rubber Industry, Leather Industry, Pulp and Paper Industry, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global ammonia water market was valued at $28.2 billion in 2022, and is projected to reach $40.5 billion by 2032, growing at a CAGR of 3.8% from 2023 to 2032.
Ammonia water is beneficial for multiple manufacturing companies. Ammonia is used commercially as the main chemical for plastic products, explosives, cleaning agents, and others. However, it poses a grave threat to human life, especially when it goes through wastewater. Ammonia water also plays a significant role in the agricultural industry as a source of nitrogen for plants. Nitrogen is an essential nutrient required for plant growth, and ammonia water provides a convenient and effective way to deliver nitrogen to crops. Ammonia water is used as a nitrogen-based fertilizer in various forms, including anhydrous ammonia, ammonium nitrate, and ammonium sulfate.
These fertilizers provide plants with the necessary nitrogen to support their growth, development, and yield. Nitrogen is a critical component of amino acids, proteins, and chlorophyll, which are essential for photosynthesis and overall plant health. Proper nitrogen fertilization can lead to increased crop production and improved quality. Furthermore, proper nitrogen management, including the use of ammonia water-based fertilizers, contributes to sustainable and efficient farming practices by reducing nitrogen runoff and environmental impacts. Moreover, farmers often use crop rotation and cover crops to manage nutrient levels in the soil. Ammonia water-based fertilizers can be strategically integrated into these practices to maintain soil fertility.
The ammonia water market is growing in the agricultural industry due to several factors that highlight the benefits and effectiveness of using ammonia-based fertilizers for crop cultivation. Nitrogen supports key physiological processes in plants, including protein synthesis, photosynthesis, and overall growth. Ammonia-based fertilizers deliver nitrogen to crops in the ammonium form, which reduces the risk of nitrogen loss through leaching or volatilization. This enhances nutrient use efficiency and reduces the need for frequent applications. Proper nitrogen fertilization contributes to increased crop yields and improved quality of harvested produce. Farmers can achieve higher productivity and economic returns by using ammonia-based fertilizers effectively. With a growing global population, there is increase in demand for food production. Ammonia-based fertilizers play a crucial role in meeting this demand by supporting higher crop yields. Ammonia-based fertilizers are often cost-effective as compared to other nitrogen sources, making them an attractive option for farmers seeking efficient nutrient management solutions.
Furthermore, ammonia water is commonly used for coagulating natural rubber latex, a key step in rubber production. The growth of the rubber industry is expected to increase the demand for coagulation agents, including ammonia water. The demand for rubber gloves, especially in healthcare and hygiene-related applications, has been on the rise. Ammonia water might be used in the production of rubber gloves, contributing to the market growth. Manufacturing of various rubber products, such as tires, conveyor belts, footwear, and industrial components, continues to grow. Ammonia water can have applications in rubber compounding, vulcanization, and other stages of production. Moreover, as the focus on environmental sustainability increases, the rubber industry might explore more efficient and eco-friendly production methods. Moreover, rubber manufacturers are always seeking ways to optimize their processes and improve product quality. Ammonia water might offer advantages in certain rubber processing steps.
The ammonia water market is segmented into end-use industry and region. By end-use industry, it is categorized into the agriculture industry, rubber industry, leather industry, pharmaceutical industry, pulp and paper industry, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Evoqua Water Technologies LLC, Veolia, TORAY INDUSTRIES, INC., General Electric, Koch Separation Solutions, Aquatech International LLC., KUBOTA Corporation, Asahi Kasei Corporation, WEHRLE-WERK AG, and Mitsubishi Chemical Corporation. These players have adopted product launch as their key strategy to strengthen their presence in the market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ammonia water market analysis from 2022 to 2032 to identify the prevailing ammonia water market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ammonia water market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ammonia water market trends, key players, market segments, application areas, and market growth strategies.
New Product Development/ Product Matrix of Key Players
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
SWOT Analysis
Volume Market Size and Forecast
Key Market SegmentsBy End Use IndustryAgriculture Industry
Rubber Industry
Leather Industry
Pulp and Paper Industry
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market PlayersYara
Malanadu Ammonia Pvt. Ltd.
Jaysons Chemical Industries
BASF SE
Mitsubishi Chemical Group Corporation
Sumitomo Chemical Co., Ltd.
CF Industries Holdings, Inc.
Shandong Everlast AC Chemical Co., Ltd.
Thatcher Company
Mysore Ammonia Pvt. Ltd.
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