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Developing Countries will Execute Major Impact on the Mineral Fertilizer Market this Year
NewswireToday - /newswire/ -
Limassol, Cyprus, 05/30/2007 - Oversupply with ammonia-based fertilizers in developed countries and export-oriented production rise in resource-rich emerging economies will boost fierce competition, Merchant Research & Consulting Ltd (UK) consulting agency says.
Emerging economies account for 45% and 66% of global ammonia output and consumption, respectively. The demand is likely to grow by 2.5% a year.
The demand for ammonia in industrially developed countries will remain stable, while capacity will continue to shrink due to the advancing exports from Asia, CEE, and South America. The ammonia production capacity will augment in Middle East, North Africa, and South America, which boast access to cheap gas.
The high demand for ammonia in Western Europe will persist.
According to recent forecasts, the world trade with ammonia and carbamide will grow.
The United States is a major ammonia importer. Sprayed ammonia solution accounts for 40% of all applied nitrogen fertilizers. The part of ammonia is used for the manufacture of diammophos (USA is a leading exporter of this fertilizer). In the USA, ammonia is also employed for technical purposes.
Ammonia serves as a feedstock for the production of nearly all nitrogen-containing substances. Ammonia is also used in large amounts in the Ostwald process for the synthesis of nitric acid; in the Solvay process it is applied for the synthesis of sodium carbonate; Ammonia is an intermediate product in the synthesis of numerous organic compounds used as dyes, drugs, and in plastics; and it is employed in various metallurgical processes.
This market research report also features the following information:
• Global ammonia market conditions;
• Ammonia production, exports and imports;
• Detailed analysis of the Russian ammonia market; etc.
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