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Middle East Ammonia Market Share

  • Report ID: GMI5255
  • Published Date: Apr 2022
  • Report Format: PDF

Middle East Ammonia Market Share

Middle East Ammonia market share is fragmented owing to the presence of large number of regional manufacturers along with considerable presence of multinational players. Some of the key players in the market include

  • Yara International ASA
  • SABIC
  • Ma’aden
  • Qatar Fertiliser Company
  • Hemmat Petrochemical Company
  • Gulf Petrochemical Industries Company
  • Pardis Petrochemical Company
  • OCI N.V.
  • Istanbul Fertilizer Industry Inc. Co. (IGSAS)
  • Petrochemical Industries Company

The key players in the market are mainly focusing on new product launches, acquisitions, and expansion in developing and developed economies to capture a good market share.
 

In September 2021, Enova provided Yara International ASA around USD 30 Million for the initiative of producing green ammonia. With this Yara officially takes the first step toward full decarbonization of the ammonia plant at Herøya in Porsgrunn.
 

In February 2022, Ma’aden that has completed the construction and pre-commissioning activities of the third ammonia plant, part of the phosphate 3 projects to enhance its market share.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Middle East ammonia market value surpassed USD 6.5 billion in 2021 and is set to expand at a CAGR of 3.5% between 2022 and 2028 owing to the rising product usage as a refrigerant.

Middle East ammonia market size from anhydrous ammonia type is estimated to exceed USD 5.5 billion until 2028 considering the surging product adoption on account of cleaning and medicinal properties.

Saudi Arabia ammonia market revenue is poised to grow at a CAGR of 5.5% from 2022 to 2028 driven by the escalating need for high crop production from limited arable land.

Prominent players in the Middle East ammonia industry comprise SABIC, OCI N.V., Qatar Fertiliser Company, Petrochemical Industries Company, Hemmat Petrochemical Company, Yara International ASA, and others.

Middle East Ammonia Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 10
  • Tables & Figures: 77
  • Countries covered: 1
  • Pages: 114
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