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The ammonia (NH3) market size is estimated to grow by 38.15 million tons at a CAGR of 3.56% between 2022 and 2027. The market's expansion is influenced by various factors, including the escalating demand for fertilizers due to the burgeoning global population and the resultant need to enhance agricultural productivity. Additionally, the shrinking availability of arable land is driving the need for efficient fertilizers to maximize crop yields. Countries like China and India are particularly driving the demand for ammonia, a key component in fertilizer production, further increasing market growth. Furthermore, the increasing adoption of sustainable agricultural practices and the rising awareness regarding the importance of soil health are contributing to the demand for fertilizers, including green ammonia. The market is also witnessing innovations in fertilizer formulations and application methods to improve nutrient efficiency and minimize environmental impact.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Form Factor
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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