(MENAFNEditorial)
FOR IMMEDIATE RELEASE Illinois – United States – January 222015 (PR Buzz):Global ammonia capacity will increase from 204.2 million tons per year (mmty) in 2013 to 249.4 mmty by 2018 driven primarily by capacity additions in China Iran Nigeria and the US. Reportstack’s latest report on "Global Ammonia Outlook - Production Capacity Set to Continue Strong Growth Led by United States and Iran" states that Asia-Pacific (APAC) will remain the largest region in terms of both ammonia capacity and demand accounting for almost half the world’s capacity with 120.7 mmty by 2018.
China’s significant influence on APAC’s ammonia supply is apparent from the country’s capacity of 70.6 mmty in 2013 accounting for almost two thirds of the region’s total capacity.
The major end-use sectors of ammonia such as urea and other nitrogenous fertilizers have promising growth in the region. With huge feedstock reserves and strong demand China has a favorable landscape as opposed to countries that have either demand or capacity but not both.
While coal is less cost effective than natural gas its availability makes it the preferred choice for Chinese manufacturers.
The report also states that the Middle East and Africa will continue its impressive growth of the past decade which saw Egypt Iran Qatar and Saudi Arabia increasing their ammonia capacities using natural gas.
The Middle East and Africa’s ammonia capacity will rise from 27.8 mmty in 2013 to 44.1 mmty by 2018 led by Iran and Nigeria with planned additions of 5.8 and 4.6 mmty respectively. Most of the region’s capacity will target export markets in Asia such as China and India.
Additionally GlobalData observes that North America’s ammonia industry will receive a small boost having suffered in the past due to high natural gas prices and declining demand from the major end-use sectors.
However shale gas is now impacting the industry with North American capacity expansion to be completely driven by the US from 20.1 mmty in 2013 to 26.8 mmty by 2020.
Complete report available @ Global Ammonia Outlook Report.
Contact:
Debora White
United States
Email: debora@reportstack.com
Ph: +1-888-789-6604
Reportstack
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