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Middle East Ammonia Market Share

Report ID: GMI5255
Published Date: Jul 2024
Report Format: PDF

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Middle East Ammonia Market Share

Prominent players, such as QAFCO and Saudi Arabian Fertilizer Company, play integral roles in driving growth and innovation within the Middle East ammonia industry. Their major growth strategies typically include expanding production capacities, enhancing operational efficiencies, and diversifying product portfolios. Many are investing in advanced technologies to improve manufacturing processes and reduce production costs, thus enhancing competitiveness.

Strategic partnerships and alliances are also key strategies aimed at accessing new markets and distribution channels, while mergers and acquisitions play a crucial role in expanding market presence and leveraging synergies. Additionally, there is a significant emphasis on sustainability initiatives, including the adoption of eco-friendly production practices and compliance with stringent environmental regulations, to align with global trends and enhance corporate reputation.

Middle East Ammonia Market Companies

Major players operating in the Middle East ammonia industry include:

QAFCO (Qatar Fertiliser Company)
Saudi Arabian Fertilizer Company (SAFCO)
Gulf Petrochemical Industries Company (GPIC)
Oman India Fertilizer Company (OMIFCO)
Abu Dhabi Fertilizer Industries (ADFERT)
Kuwait Fertilizer Company (KFC)
National Chemical Fertilizer Company (IBN ALBAYTAR)
Arabian Agricultural Services Company

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Middle East ammonia market generated USD 6.48 billion in 2023 and will register 6.7% CAGR from 2024 and 2032, driven by industry collaborations.

Middle East anhydrous ammonia market accounted for USD 4.1 billion in 2023 and will grow at 7.1% CAGR during 2024-2032, owing to its high nitrogen content and efficient application in soil fertilization.

Rest of Middle East ammonia market generated a revenue of USD 3.79 billion in 2023 and will grow at 6.5% CAGR during 2024-2032, owing to government initiatives supporting industrial diversification.

QAFCO (Qatar Fertiliser Company), Saudi Arabian Fertilizer Company (SAFCO), Gulf Petrochemical Industries Company (GPIC), Oman India Fertilizer Company (OMIFCO), Abu Dhabi Fertilizer Industries (ADFERT), and Kuwait Fertilizer Company (KFC) among others.