Egypt Ammonia Market to be Dominated by Anhydrous Grade Ammonia Segment Through 2028
Growing industrialization, agriculture
activities, and favorable government policies & initiatives are factors
that drive Egypt Ammonia Market in the forecast period 2024-2028
According to TechSci Research report, “Egypt
Ammonia Market- By Region, Competition, Forecast and Opportunities, 2028”, Egypt
Ammonia market size is anticipated to increase at a substantial rate in the
forecast period. The country's large population, government initiatives,
strategic location, and the use of ammonia-based fertilizers, have all
contributed to the growth of agriculture activities and, consequently, led to the
demand for ammonia-based products. With the continued growth of the agriculture
sector, the demand for ammonia in Egypt is likely to remain strong, making it
an attractive market for ammonia producers and investors.
The Egyptian ammonia market is one of the
largest in Africa, with strong domestic production and export capacity.
However, the market has faced some challenges in recent years, such as the
COVID-19 pandemic, political instability, high energy costs, and environmental
regulations. These factors have obstructed the growth of the market and reduced
the demand and prices of ammonia. Though ammonia is a key ingredient for
fertilizers and other industrial products, it also contributes to greenhouse
gas emissions and air pollution. The government of Egypt has introduced
measures to reduce the environmental footprint of ammonia production, such as
imposing carbon taxes, setting emission standards, and promoting green hydrogen
and green ammonia projects. Green hydrogen and green ammonia are produced from
renewable energy sources, such as solar and wind, and have lower carbon
intensity than conventional ammonia. The government has recognized the
potential of green hydrogen and green ammonia as part of its economic
development strategy and has offered state support for these projects,
including tax incentives, single licenses, and real estate allocation. However,
these projects are still in their early stages and face technical and financial
challenges. The Egypt ammonia market will need to balance the trade-offs
between environmental regulation and market growth in the upcoming years.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Egypt Ammonia Market".
Egypt ammonia
market is segmented based on grade type, application, manufacturing process,
and region.
Based on grade type, the market is divided
into anhydrous and aqueous. The anhydrous segment is
expected to hold the largest market share in the forecast period. Anhydrous
ammonia has several advantages over aqueous ammonia, such as higher purity,
lower transportation and storage costs, and wider applications in various
industries. Anhydrous ammonia is used as a fertilizer, a refrigerant, a
chemical intermediate, and a fuel. The demand for anhydrous ammonia is expected
to grow in the coming years, driven by the increasing agricultural production,
industrial development, and energy consumption in Egypt and its export markets.
Based on the application, the market is divided
into fertilizers, chemicals, pharmaceuticals,
electronics, refrigeration, household, food, and others. The fertilizer segment
is expected to hold the largest market share in the forecast period due to the
growing demand for ammonia-based fertilizers in the agricultural sector, and
the low production costs due to abundant natural gas resources. Ammonia is a
key ingredient for nitrogen fertilizers, which are essential for crop growth
and yield. Egypt has a large and diverse agricultural sector, with crops such
as wheat, rice, cotton, corn, sugar cane, and fruits.
Major
companies operating in the Egypt Ammonia market are:
·
Egyptian
Basic Industries Company (EBIC)
·
Amea
Power LLC.
·
El-Nasr
for fertilizers & chemical industries Co. (SEMADCO)
·
Emirati
fertilizer company CFC Group
·
Helwan
Fertilizers Co.
·
Abu Qir
Fertilizers Co.
·
Egyptian
Petrochemicals Holding Company (ECHEM)
·
Misr
Fertilizers Production Co.
·
Egyptian
Chemical Industries (KIMA)
·
Alexandria
Fertilizers Company (AlexFert)
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“The
government's favorable policies and initiatives have been a significant market-driving
factor, particularly in the ammonia industry. The government's focus on
promoting investment in the chemical industry, improving infrastructure,
promoting the use of renewable energy, and promoting sustainable development
has created a favorable environment for investment and has contributed to the
growth of the ammonia market. With continued investment in these areas, the
ammonia industry in Egypt is likely to continue to grow, making it an
attractive market for ammonia producers and investors.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
Egypt Ammonia Market, By Grade Type (Anhydrous, and Aqueous), By
Application (Fertilizers, Chemicals, Pharmaceuticals, Electronics,
Refrigeration, Household, Food, and Others), By Manufacturing Process (Steam
Reforming, Partial Oxidation, Cryogenic Separation, Coal Gasification), By
Region, Competition, Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of Egypt
ammonia market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Egypt ammonia market.”
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