Reports and Data have recently added a new report titled “Global Ammonia Market Research Report 2021” to its ever-expanding repository which offers a comprehensive overview of the Ammonia market including current and emerging trends, consumer behavior patterns, competitor strategies, brand promotions, and product launches, among others. The report covers the initial and future impact assessment of the COVID-19 pandemic on the overall market and offers key insights into the remuneration condition in a post-COVID-19 scenario. The report also offers key insights into production and consumption ratio, import/export, supply and demand patterns, market share, market size, and revenue growth. The study also offers a comprehensive outlook for the driving and restraining factors along with micro and macro-economic factors expected to affect the growth of the industry.

Source:businesswire.com

The global Ammonia market is forecast to reach USD 90.88 Billion by 2027, according to a new report by Reports and Data. Ammonia is a compound of hydrogen and nitrogen. It is a colorless gas with a pungent smell. It is used in the manufacture of several industrial chemicals. The product is used in the manufacture of urea, ammonium sulfate, and ammonium phosphates.

It is a crucial feedstock ingredient used to produce nitric acid, which is an important precursor for specialty organic chemicals. An increase in the focus on energy consumption systems is anticipated to increase the usage of products as a refrigerant to provide safe, sustainable, and energy-saving refrigeration. Ammonia has a zero Ozone Depletion Potential (ODP) and Global Warming Potential (GWP). The product has better transfer properties as compared to other chemical refrigerant.

The investigative report on the Ammonia market assesses the global market for the Ammonia industry and offers estimates for the market in terms of revenue and capacity for the forecast period 2021-2028. The report also analyzes the key companies engaged in the industry along with their product portfolio, business overview, strategic expansion plans, revenue generation, market share and size, regional presence, and production and manufacturing capacity. It also offers details about the recent mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, brand promotions, and product launches, among others.