Worldwide Ammonia Production
Was estimated to total around 14 million metric tons.
Worldwide ammonia production. The global ammonia market is expected to record a cagr of over 5 during the forecast period of 2019 2024. China produced 31 9 of the worldwide production followed by russia with 8 7 india with 7 5 and the united states with 7 1. 80 or more of the ammonia. Consumption of ammonia for nitrogen fertilizers account for more than 80 of the world ammonia market.
The global ammonia market size was worth usd 48 65 billion in 2016. Bar chart showing the major producers of ammonia in the world. The united states is one of the world s leading producers and consumers of ammonia. With agriculture production growing through the years primarily owing to the growing.
The major factor that is driving the market studied is the growing demand in the agriculture industry and its increasing usage for the production of explosives. In 2019 the production of ammonia in the u s. The global ammonia market is expected to record a cagr of over 5 during the forecast period. The rising demand for ammonia in the fertilizer industry is expected to boost industry growth.
Nitrogen fertilizers are the most widely used fertilizers in the world accounting for close to 60 of all fertilizers. However in green ammonia production hydrogen is obtained from water by. The product is also the building block for the world nitrogen industry. Worldwide ammonia production has steadily increased from 1946 to 2014.
Ammonia is one of the most highly produced inorganic chemicals. The global ammonia market is expected to post a cagr of almost 2 during the period 2019 2023 according to technavio. Without the crop yield made possible by ammonia based fertilizers and chemicals the global population would be at least two to three billion less than it is today 3. Ammonia is a colorless and highly irritating with a sharp suffocating odor gas.
The global production capacity of ammonia is expected to slightly expand from around 230 million metric tons in 2018 to approximately 280 million metric tons by 2023.