Japan Ammonia Market

Synopsis
The above chart is Japan Ammonia Market Outlook (2018 to 2032)

Market Dynamics

japan is the second largest buyer of ammonia in asia and the world. as the demand for ammonia has increased over the past few years, the japanese market for the gas has boomed. in 2018, the demand for ammonia in japan was recorded to be at 7.16m metric tons, which is expected to increase at a steady rate of 1.6% per year till 2032. the japanese market for ammonia is diverse, catering to both industrial and agricultural sectors. in particular, the industrial sector drives demand for ammonia in japan, accounting for nearly 70% of ammonia market. this is mainly attributed to ammonia’s robust performances, which makes it ideal for a variety of applications such as fuel cells, fertilizers, and even paper production. in agriculture too, ammonia is used for soil enhancement, with suppliers providing specific forms of ammonia for specific needs. apart from demand, supply is also a major factor in the japanese ammonia market. japan has ample sources and suppliers for ammonia, providing a ready supply for any projected growth in demand. japanese petrochemical companies are the primary suppliers of ammonia in the country. companies such as maruzen petrochemical, mitsui chemicals, and sumitomo chemical are some of the biggest suppliers for ammonia in the japanese market. government policies and regulations have also had a profound impact on the ammonia market in japan. the country’s strict emission standards have boosted the demand for ammonia from manufacturers, as they seek to reduce their air pollution levels. furthermore, government subsidies and support have also helped ammonia producers in the japanese market, as they seek to expand their production capacities. overall, the japanese ammonia market is looking promising. the demand for ammonia is expected to grow consistently over the next few years, and the government’s supportive policies are likely to give producers the impetus they need to make their products more competitive. for these reasons, the japanese ammonia market is expected to experience steady growth in the coming years.