Forecast of Global Ammonia Players Market 2023

Global Ammonia Market will register a 1.1% CAGR in terms of revenue, reach US$ 76100 million by 2023, from US$ 71200 million in 2017. Ammonia, a colourless and nonflammable gas with a characteristic pungent smell, is a compound of nitrogen and hydrogen with the formula NH3. Ammonia is shipped as a liquified gas under its own vapor pressure of 114 psig. Most extensive use is in soil fertilization. This application is used in the form of salts, nitrates and urea.