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Stock impact report

Ammonia Market Size to Hit Around USD 172.77 Billion by 2033 [Yahoo! Finance]

CF Industries Holdings, Inc. (CF) 
Last cf industries holdings, inc. earnings: 2/12 04:30 pm Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/4533245
Company Research Source: Yahoo! Finance
It is growing at a CAGR of 6.3% from 2024 to 2034. Ottawa, Oct. 25, 2024 (GLOBE NEWSWIRE) -- The global ammonia market size is anticipated to reach around USD 162.53 billion by 2033, increasing from USD 93.79 billion in 2024. The Asia Pacific ammonia market size is expected to reach around USD 85.52 billion by 2034. The rising demand for ammonia from the pharmaceutical industry drives the market. In addition, increasing demand for agrochemicals contributes to market expansion. Ammonia is widely used in biotechnology and pharmaceutical industries to make pharmaceuticals. The Haber-Bosch process produces it by mixing atomic hydrogen and nitrogen. The rising usage of ammonia to produce fertilizers boosts the market. It is used as a base material for fertilizers as it binds air-borne nitrogen and produces the most critical crop nutrient, nitrogen. Ammonia is also used widely in the textile industry. It is used in the finishing of cotton-containing materials and as a dye. Report is E Show less Read more
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