Global Ammonium Market Outlook

the global ammonium market is expected to remain favorable over the forecast period (2018 to 2032). liquid ammonium is highly soluble in water and has multiple industrial uses, including as a fertilizer in agriculture and in the production of chemicals like ammonium hydroxide and anhydrous ammonia. the increasing demand for fertilizers and other chemicals is driving the demand for liquid ammonium globally and this is expected to remain strong over the forecast period. ammonium is also an important fuel source used in many industries, including the energy, aerospace, automotive, and transportation sectors. as the global economy continues to grow, the demand for ammonium as a fuel source is likely to increase. furthermore, liquid ammonium is also used in explosives and pharmaceuticals. growing demand from the aforementioned industries is expected to further fuel the global ammonium market over the forecast period. the availability of cheap and abundant labor and raw materials in certain regions has also helped the global ammonium market to remain competitive. in addition, technological advancements and new production processes have also been successful in improving the efficiency of ammonium production, while bringing down its manufacturing costs. moreover, new industry standards and regulations aimed at improving ammonium safety have also been instrumental in encouraging its usage globally. apart from these factors, the growth of the global ammonium market is also expected to be impacted by the changing environmental regulations and government policies. climate change and the development of renewable energy sources are likely to reduce the demand for ammonium as a fuel source in the near future. furthermore, government regulations like the national energy policy act and the feed-in tariff scheme have been enacted in certain parts of the world with the aim of reducing emissions from ammonium production processes. this is expected to have an adverse impact on the global ammonium market. overall, the increasing industrial usage of ammonium, improved production efficiency, and the availability of inexpensive and abundant raw materials are likely to drive the global ammonium market during the forecast period.