Global ammonia capacity will experience considerable growth in the next three years, increasing from 204.2 million metric tons per year (tpy) in 2013 to 249.4 million tpy by 2018, according to a new report from GlobalData.
Growth will be driven primarily by capacity additions in China, Iran, Nigeria and the US, the report states.
The report, titled Global Ammonia Outlook – Production Capacity Set to Continue Strong Growth Led by United States and Iran, states that the Asia-Pacific region will remain the largest in terms of both ammonia capacity and demand – accounting for almost half the world’s capacity by 2018.
The major end-use sectors of ammonia, such as urea and other nitrogenous fertilisers, have promising growth in the region, GlobalData affirms.
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