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CHEMICALS AND ADVANCED MATERIALS

Bio-Ammonia Market Segmentation by Application (Fertilizer, and Fuel); and by End-User (Power Generation, Transportation, Industrial Feedstock, and Others) – Global Demand Analysis and Opportunity Outlook 2029

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Extensive insights into the Growth of Bio-ammonia Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Bio-ammonia Market Highlights 2020-2029

The bio-ammonia market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Increasing awareness related to the ecological and green products along with extensive research associated with bio-based products, are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the increasing government and climate change initiatives on a global level. According to the data collected from the United States Environmental Protection Agency, in 2019, the estimated greenhouse emissions in the country were around 10 percent of the total greenhouse gas emissions. Moreover, rise in initiatives by the government is estimated to stabilize the volatility in the prices of raw materials in the near future. This, in turn, is projected to offer significant opportunities to the bio-ammonia market by the end of the forecast period.

Global-Bio-ammonia-Market

The market is segmented based on application into fertilizer and fuel, out of which, the fertilizer segment is anticipated to grab the largest share by the end of 2021, owing to a rise in the demand for fertilizers in the agriculture sector. Moreover, shortage of raw materials, across the globe and increasing dependency on imports are likely to increase the volatility in the prices of fertilizers. CLICK TO DOWNLOAD SAMPLE REPORT

On the basis of end-user, the power generation segment in the global bio-ammonia market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that bio-ammonia acts as a sustainable fuel for power generation. Electricity generated by using green ammonia is observed to be the cleaner version of gas and hence, expected to drive the growth of the bio-ammonia market during the forecast period.

Bio-Ammonia Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The major share held by the region can be ascribed to increasing demand for nitrogen fertilizers and rising awareness regarding environment-friendly solutions. The U.S. is anticipated to account for a leading share of the bio-ammonia market in North America during the forecast period. Furthermore, in 2021, the market in Asia Pacific is evaluated to occupy the largest share in terms of revenue. Rise in population, increase of disposable income, and changes in lifestyles of consumers in developing countries such as India, China, and Indonesia are boosting the demand for agriculture products, thereby driving the consumption of bio-ammonia in the region. These countries also have high agricultural impact due to soil fertility and government initiatives for agriculture, thus the demand for the market is projected to grow in the forecast period. As per the analysis of Asian Development Bank, the Asia Pacific accounts for 37% of the world's total emissions from agricultural production, and China alone accounts for more than 18% of the total.

Bio-Ammonia-Market-Share

The global bio-ammonia market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global bio-ammonia market includes the following segments:

By Application

  • Fertilizer
  • Fuel

By End-User

  • Power generation
  • Transportation
  • Industrial feedstock
  • Others

Growth Drivers

  • Rising demand for eco-friendly fertilizers
  • Increase in research & development activities for bio-based products

Challenges

  • Low production capacity of Bio-ammonia

Top Featured Companies Dominating the Market

  • SynGest Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • BioNitrogen Corp
  • Agrebon Inc.
  • Other prominent players

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