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Ammonia Market Size & Forecasts with Impact Analysis of Covid-19 | Group DF, Qafco, TogliattiAzot
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Ammonia Market Size & Forecasts with Impact Analysis of Covid-19 | Group DF, Qafco, TogliattiAzot
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Ammonia (NH3) Gas Sensor Market Size, Opportunities, Trends, Products, Revenue Analysis, For 2020-2027
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Ammonia (NH3) Gas Sensor Market Size, Opportunities, Trends, Products, Revenue Analysis, For 2020-2027
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COVID-19 Impact
The widespread disruptions caused to fertilizer supply chains amid the COVID-19 pandemic have deeply affected the ammonia market growth. Compounding this is the growing inaccessibility to raw materials and other agriculture inputs for farmers, worsened by trade and travel restrictions, sudden imposition of lockdowns, and falling demand. As a result, the market displayed a decline of
4.8% in 2020.
Segmentation
Based on application, the market is segmented into fertilizers, textiles, refrigeration, pharmaceuticals, household & industrial cleaning, and others. The textile segment held a share of
10.93% in the US market in 2020. Based on geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.