The Indian ammonia market size reached US$ 5,415 Million in 2022. Looking forward, the publisher expects the market to reach US$ 5,748 Million by 2028, exhibiting a CAGR of 1% during 2022-2028.
Ammonia is an inorganic, colorless compound with an unpleasant pungent odor. It is naturally sourced from air, soil, water, plants and animals. The gaseous form of ammonia is compressed into liquid form, which dissolves in water to form ammonium hydroxide and is transported in steel cylinders. Ammonia is commonly used in the manufacturing of ammonium nitrate fertilizers, which discharge nitrogen in the soil to promote growth in farm crops and plants. It is also used in the production of plastics, textiles, explosives, coloring agents, household cleaning products and pesticides. Ammonia can absorb heat from its surroundings and can filter and purify impurities from liquid mediums. As a result, it is widely used as a refrigerant in heating, ventilation and air conditioning (HVAC) systems and as a purifying agent in water treatment plants.
Ammonia is an inorganic, colorless compound with an unpleasant pungent odor. It is naturally sourced from air, soil, water, plants and animals. The gaseous form of ammonia is compressed into liquid form, which dissolves in water to form ammonium hydroxide and is transported in steel cylinders. Ammonia is commonly used in the manufacturing of ammonium nitrate fertilizers, which discharge nitrogen in the soil to promote growth in farm crops and plants. It is also used in the production of plastics, textiles, explosives, coloring agents, household cleaning products and pesticides. Ammonia can absorb heat from its surroundings and can filter and purify impurities from liquid mediums. As a result, it is widely used as a refrigerant in heating, ventilation and air conditioning (HVAC) systems and as a purifying agent in water treatment plants.
Ammonia Market Trends:
Significant growth in the agriculture industry across India is one of the key factors creating a positive outlook for the market. With the rising population and decreasing arable lands for crop cultivation, there is an increasing demand for efficient nitrogen-rich ammonia-based fertilizers and agrochemicals to ensure optimal food production for the masses. Moreover, the widespread product adoption for the manufacturing of detergents and cleaning products is providing a thrust to the market growth. Ammonia is highly effective in breaking down household grime and removing stains of vegetable oils, fats, cooking grease and wine from tubs, sinks, toilets, countertops and tiles. It also evaporates quickly, thereby facilitating in cleaning glass without leaving any residual streak marks. In line with this, the increasing demand for ammonium nitrate for mining and explosive applications is also contributing to the growth of the market. Other factors, including various product innovations, such as the development of green ammonia through sustainable technologies, are anticipated to drive the market toward growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the Indian ammonia market report, along with forecasts at the country and state level from 2023-2028. Our report has categorized the market based on physical form and end-use.Breakup by Physical Form:
- Anhydrous Ammonia
- Aqueous Ammonia
Breakup by End-Use:
- Urea
- Ammonium Phosphate Fertilizers
- Industrial
- Others
Breakup by States:
- Gujarat
- Maharashtra
- Rajasthan
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key player being Chambal Fertilizers and Chemicals Ltd., GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), IFFCO (Indian Farmers Fertilizer Cooperative Limited), KRIBHCO (Krishak Bharati Cooperative Limited), NFCL (Nagarjuna Fertilizers and Chemicals Limited), RCFL (Rashtriya Chemicals and Fertilizers Ltd) and Southern Petrochemicals Industries Limited (SPIC).Key Questions Answered in This Report:
- How has the Indian ammonia market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the Indian ammonia market?
- What is the breakup of the market based on the physical form?
- What is the breakup of the market based on the end-use?
- What are the price trends of ammonia in India?
- What are the key driving factors and challenges in the market?
- What is the structure of the Indian ammonia market and who are the key players?
- What is the degree of competition in the market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis13 Market Drivers and Challenges14 Government Regulations15 Trade data
2 Scope and Methodology
4 Introduction
5 Indian Ammonia Market
6 Market Breakup by Physical Form
7 Market Breakup by End-Use
8 Market Breakup by States
9 SWOT Analysis
11 Porters Five Forces Analysis
12 Price Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Chambal Fertilizers and Chemicals Ltd.
- GNFC (Gujarat Narmada Valley Fertilizers and Chemicals)
- IFFCO (Indian Farmers Fertilizer Cooperative Limited)
- KRIBHCO (Krishak Bharati Cooperative Limited)
- NFCL (Nagarjuna Fertilizers and Chemicals Limited)
- RCFL (Rashtriya Chemicals
- Fertilizers Ltd)
- Southern Petrochemicals Industries Limited (SPIC)
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 112 |
Published | March 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 5415 Million |
Forecasted Market Value ( USD | $ 5748 Million |
Compound Annual Growth Rate | 1.0% |
Regions Covered | India |
No. of Companies Mentioned | 8 |