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The global market for nitrogen has been witnessing noticeable growth mostly due to the development of
the fertilizer industry. Moreover, long term leases of ammonia vessels at fixed prices have enabled large
scale companies to manage transportation costs thereby providing economical delivery to the consumers
in developed as well as developing regions. These companies also own manufacturing facilities as well as
major supply contracts with certain region emerging economies such as China thereby gaining flexibility
and logistics strength for the imports.
Growing demand for fertilizers on account of increasing food grain production is anticipated to boost the
demand for nitrogen over the forecast period. However, increasing health and environmental concern
regarding the ill effects of nitrogen based chemical fertilizers are expected to slow down the growth of the
market. Increasing focus towards developing bio based agrochemicals such as nitrogen fixation
biofertilizers are anticipated to provide new opportunities for the growth of the market. North America
remained the largest consumer for nitrogen. However, Asia Pacific is expected to lead the market over the
forecast period on account of increasing use of agrochemicals and rising industrial activities in emerging
economies such as China and India.
Agrium Inc., PotashCorp, ICL Fertilizers, K+S AG, Sinofert, Sociedad Qumica y Minera de Chile(SQM),
andThe Mosaic Company among others are some of the major manufacturers of nitrogen dominating the
market.
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