Saudi Arabia Ammonium Market Outlook (2018 to 2032)

Created with Highcharts 11.4.0YearUSD BillionChart context menu0.530.530.570.570.60.60.640.640.680.680.720.720.690.690.660.660.630.630.60.60.570.570.550.550.520.520.50.50.470.47Value2018202020222024202620282030203200.10.20.30.40.50.60.70.8
Year Value
2018 0.53
2019 0.57
2020 0.6
2021 0.64
2022 0.68
2023 0.72
2024 0.69
2025 0.66
2026 0.63
2027 0.6
2028 0.57
2029 0.55
2030 0.52
2031 0.5
2032 0.47
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Saudi Arabia Ammonium Market Outlook (2018 to 2032)

Synopsis
The above chart is Saudi Arabia Ammonium Market Outlook (2018 to 2032)

Market Dynamics

in saudi arabia, ammonium is majorly used as an input for producing ammonia for agro-chemical fertilizers. the demand landscape of the country is estimated to remain steady over the forecast period of 2018 to 2032. this trend is expected to be facilitated by the nation's rising population and its increasing focus on developing its fertiliser industry, spurred by the nation's heavy investments in feedstock production and contribution of the government of saudi arabia in the agricultural sector. besides its agricultural applications, ammonium is leveraged for industrial usages, such as for making gasoline additives ethylenamine and for producing polymers acetamides, as well as other chemical compounds. the demand and supply of these compounds is expected to remain contractive for the foreseeable future, due to the limited number of productive capacities in the country. nevertheless, the nation is likely to witness the emergence of new capacities over the coming years, owing to increasing investments by the government and private organisations in the ammonium based industries. furthermore, favorable industrial legislations by the government are likely to offer impetus to the further growth of the saudi arabian ammonium marketplace. apart from the surge in domestically manufactured ammonium, the nation is also on the cusp of witnessing a rise in imports of the same, which shall be chiefly attributed to the ongoing trade deals between saudi arabia and its neighbouring nations. additionally, for raw material or feedstock-purposes, the nation is also likely to rely heavily on imports in the coming years. overall, ammmonium demand outlook for the kingdom of saudi arabia is expected to remain positive over the forecast period of 2018 to 2032, primarily driven by its use in agricultural and industrial applications. going forward, the entire market landscape is likely to experience further growth, with the emergence of new production capacities and intermittent imports.

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