Demand for the synthetic fibers and copper mining reinforcements sector

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Dublin, Oct. 19, 2022 (GLOBE NEWSWIRE) — The report ‘Global Ammonia Market Report and Forecast 2022-2027’ has been added to from ResearchAndMarkets.com offer.

According to the report, the global ammonia market reached a volume of around USD 191 MMT in 2021. Aided by the increasing application of the product in industries such as pharmaceuticals and agriculture, the market is expected to further grow at a CAGR of 1.90% in the forecast period to reach a volume of approximately 214.04 USD MMT by 2027.

Ammonia, a compound of nitrogen and hydrogen, is defined as a colorless gas that occurs naturally through environmental activities. It can also be prepared by a commercial process known as the Haber-Bosch process. It has a strong, pungent odor and is widely used as a fertilizer. Liquid ammonia can be applied directly to the ground using tanks. Hence, the thriving agricultural industry, supported by the global increase in food demand, leads to increased demand for fertilizers, which in turn propels the ammonia market.

Ammonia is also seeing increased application in the textile industry for the manufacture of synthetic fibers and rayon. During the forecast period, predicted increase in the demand for synthetic fibers in various industries, such as aerospace, construction, automotive, chemical processing, and medical, among others, is expected to accelerate the demand for synthetic fibers. ‘ammonia. The predicted increase in demand for rayon from domestic sectors to produce blankets and garments is likely to intensify the application of the product in the coming years.

Ammonia is a crucial ingredient in the manufacturing process of sulfonamides. In this regard, the increasing prevalence of bacterial infections, such as bronchitis and meningitis, further stimulates the incorporation of the product in the pharmaceutical industry.

Furthermore, the thriving pharmaceutical sector, increasing healthcare expenditures, and growing geriatric population are likely to increase the demand for ammonia-derived pharmaceuticals, thereby increasing the global ammonia market. Ammonia is also experiencing increasing penetration in the cosmetics industry, to manufacture products, such as hair dyes.

Additionally, ammonia is also seeing increased use in the mining industry for the extraction of copper and nickel. Copper is in high demand by end-use industries, including construction and automotive. Hence, growing demand for these metals in various end-use industries is expected to propel the demand for ammonia over the forecast period.

Rising investment to develop more copper manufacturing facilities in countries like India is generating significant demand for ammonia, which is helping the global ammonia market.

In terms of region, the Asia-Pacific region accounts for a large share of the market owing to the increase in agricultural activities in developing economies such as India and China. Strict government policies in the region to use environmentally friendly chemicals in construction, agriculture and automotive sectors are likely to give a boost to the ammonia market.

The growing expansion of the textile industry owing to the large consumer base in this region is likely to bring new opportunities to the market in the future. Meanwhile, North America is expected to register significant growth over the forecast period, owing to the increasing expansion of the agricultural sector in the United States of America and Canada.

Market segmentation

The market can be divided based on type, end-use, and region.

Market Breakdown by Type

Market segmentation by end use

  • Agriculture

  • Textile

  • Mining

  • Pharmaceutical

  • Refrigeration

  • Others

Market Breakdown by Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Main topics covered:

1 Preface

2 Report Coverage- Key Segmentation and Scope

3 Description of the report

4 key assumptions

5 Executive Summary

6 Market Overview

7 opportunities and challenges in the market

8 Global Ammonia Market Analysis

9 North America Ammonia Market Analysis

10 Europe Ammonia Market Analysis

11 Asia-Pacific Ammonia Market Analysis

12 Latin America Ammonia Market Analysis

13 Middle East and Africa Ammonia Market Analysis

14 Market Dynamics

15 Value chain analysis

16 Analysis of trade data

17 Price Analysis

Companies cited

For more information about this report visit https://www.researchandmarkets.com/r/nvl363

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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