the global ammonia market was influenced by several factors including industrial demand, agricultural needs, and energy prices. Ammonia is a crucial chemical compound used primarily in fertilizer production, but it also has applications in various industries such as pharmaceuticals, chemicals, and household cleaners.

Here are some key points about the ammonia market:

1. Fertilizer Industry: The fertilizer industry is the largest consumer of ammonia, accounting for a significant portion of global demand. As population growth and increasing food demand put pressure on agricultural productivity, the demand for ammonia-based fertilizers remains strong.

2. Industrial Applications: Apart from agriculture, industries such as chemicals, pharmaceuticals, and household cleaners utilize ammonia in various processes. The demand from these sectors also contributes to the dynamics of the ammonia market.

3. Energy Prices: Ammonia production is energy-intensive, with natural gas being the primary feedstock in the traditional Haber-Bosch process. Therefore, fluctuations in natural gas prices can significantly impact the production costs and, subsequently, the pricing of ammonia in the market.

4. Environmental Regulations: Environmental regulations regarding emissions and sustainability are becoming increasingly stringent worldwide. This trend is driving innovation in the production processes of ammonia, with a focus on reducing carbon footprint and energy consumption.

5. Emerging Markets: Developing countries, particularly in Asia and Africa, are experiencing rapid industrialization and urbanization, leading to increased demand for ammonia-based products, especially fertilizers. These regions represent significant growth opportunities for the ammonia market.

6. Technological Advances: Research and development efforts are underway to develop alternative production methods for ammonia, such as electrochemical and renewable energy-based processes. These advancements could potentially reshape the ammonia market in the long term by reducing dependency on fossil fuels and mitigating environmental impacts.

For the most current information on the ammonia market, including pricing trends, demand-supply dynamics, and industry developments, it's recommended to consult recent market reports, industry publications, and expert analyses.

information sourece - https://www.fortunebusinessinsights.com/industry-reports/ammonia-market-101716