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, according
to research and consulting firm Publisher.
The company’s latest report 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, according to
Publisher.
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.
Publisher’s 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, Publisher 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.
Global Ammonia Outlook - Production
Capacity Set to Continue Strong Growth Led by United States and Iran report
provides annualized historic and forecast global ammonia capacity by region
from 2013 to 2020, including information on ammonia market size, demand and
production volumes by region, capacity share of the world’s major producers and
details on planned plants.
This report was built using data and
information sourced from proprietary databases, primary and secondary research,
and in-house analysis conducted by Publisher’s team of industry experts.
For
further information on this report, please visit- http://mrr.cm/4Sc
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