Ammonia Water Market Future Profits to Reach New Heights with Market Size Growth

Ammonia Water Market Report

The agricultural industry segment is expected to maintain its lead position during the forecast period, with a projected CAGR of 4.0%.

The global ammonia water market is experiencing growth due to lucrative use of ammonia water in various end-use industries, and the rise in usage of fertilizers. ”

— David Correa

WILMINGTON, DELAWARE, UNITED STATES, February 22, 2024 /EINPresswire.com/ — Allied Market Research has recently published a report on the global ammonia water market, titled “Ammonia Water Market By End-use Industry (Agriculture, Rubber, Leather, Pulp and Paper, and Others) and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2023-2032.”

The report outlines the current status and future projections of the ammonia water market. In 2022, the market was valued at $28.2 billion, and it is expected to reach $40.5 billion by 2032, with a compound annual growth rate (CAGR) of 3.8% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/36034

Ammonia water, also known as ammonia solution or aqueous ammonia, is a solution of ammonium nitrate dissolved in water. It is widely used in various industries and applications, such as:

Cleaning Products: Ammonia water is commonly found in household cleaning products like glass cleaners, floor cleaners, and multipurpose cleaners due to its ability to dissolve dirt, grease, and grime.

Agriculture: It serves as a source of nitrogen for plants and is added to soil or applied as a foliar spray to promote plant growth.

Refrigeration: Ammonia water is used as a refrigerant in industrial and commercial refrigeration systems due to its good heat transfer properties and environmental friendliness compared to other refrigerants.

The report identifies key drivers and restraints for market growth. While the lucrative use of ammonia water in various industries and the rise in fertilizer usage are driving market growth, environmental concerns pose a restraint. However, the increasing awareness of water treatment presents lucrative opportunities for market growth.

The agricultural industry segment is expected to maintain its lead position during the forecast period, with a projected CAGR of 4.0%. This is because ammonia water is a crucial component in the production of ammonium-based fertilizers, providing essential nutrients to plants.

Regionally, Asia-Pacific is forecasted to maintain its dominance, with a projected CAGR of 4.0%. This is attributed to the region’s strong horticulture and floriculture industries, which often require specialized fertilization techniques where ammonia water can be a valuable component.

The report also profiles key players in the global ammonia water market, including Evoqua Water Technologies LLC, Veolia, TORAY INDUSTRIES, INC., General Electric, Koch Separation Solutions, Aquatech International LLC, KUBOTA Corporation, Asahi Kasei Corporation, WEHRLE-WERK AG, and Mitsubishi Chemical Corporation. These companies have adopted various strategies such as new product launches, collaborations, and expansions to increase market share and maintain dominance.

To access the statistical data, graphs, and key players’ strategies, you can purchase the complete report @ https://www.alliedmarketresearch.com/ammonia-water-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
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Originally published at https://www.einpresswire.com/article/690424515/ammonia-water-market-future-profits-to-reach-new-heights-with-market-size-growth

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