GCC Ammonium Market Outlook

the gcc ammonium market outlook for the upcoming years is one of progressive growth and development. in terms of regional demand, the middle eastern region is expected to account for the largest share of the global ammonium market, with a cagr of around 4%. this is primarily attributed to the rising demand for ammonium and its derivatives in various applications such as fertilizers, animal feed, fuel additives, detergents, explosives, pharmaceuticals, and others. the continuous increase in population and improving economic conditions from the countries of the gcc suggests an increase in demand for ammonium and its derivatives in the regional market as well. in addition, the availability of cheap natural gas and phosphate reserves in the middle east has resulted in further increases in the production of ammonium and its downstream products. furthermore, the increasing focus on becoming self-sufficient in terms of fertilizers and animal feed by the region is driving the growth in ammonium derivative manufacturing. moreover, the economic growth and stability in the middle east, along with the increasing demand for innovative technologies such as advanced fertilizers and bio-ammonium are anticipated to further drive the regional demand for ammonium and its derivatives. furthermore, the presence of several manufacturers in the region will further contribute to the overall growth of the regional ammonium market. furthermore, the region is expected to witness the presence of numerous local and international players such as saudi basic industries corporation (sabic), oman india fertilizer company (oifc), ma’aden, qatar fertilisers company (qfc), and others, a trend which is expected to continue in the future. as such, it is estimated that the middle east ammonium market will register a healthy compound annual growth rate of approximately 4% during the forecast period (2018–2032). overall, the gcc ammonium market outlook for 2018–2032 is one of gradual growth and development due to the region’s rising demand for ammonium and its derivatives, as well as the presence of numerous local and international players.