Top 6 Companies Leading the Asia Pacific Ammonia Market

The Asia Pacific ammonia market would likely grow at a CAGR of 1.5% during 2022-2027. Ammonia the point of beginning for all mineral nitrogen fertilisers. Nearly seventy percent of ammonia is employed in the production of fertilisers; the rest is used for several industrial applications, including explosives, plastics, and synthetic fibres. Ammonia is also being considered as a possible low-carbon energy vector. It is expected that rising population with increasing affluence would promote production of ammonia, boosting the Asia Pacific ammonia market; further, governments across the globe are making efforts to decrease emissions from energy systems to net zero.

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Top 6 Companies in the Asia Pacific Ammonia Market

Mitsubishi Gas Chemical Company, Inc.

Mitsubishi Gas Chemical Company, Inc. is a producer of chemical products like xylene and methanol; the company also produces engineering plastics and specialty chemicals. The MGC Group is involved in a broad range of varied businesses, from material and chemical products to highly specialized functionality products such as electronic chemicals, foamed plastics, IC plastic packaging materials, optical materials, and AGELESSTM oxygen absorbers.

Yara International ASA

Yara International ASA focuses on clean ammonia production, it aims to promote the hydrogen economy and drive a green shift in fertilizer production, shipping, and other energy intensive industries. The country runs an integrated business model with nearly 17,000 employees and operations in more than sixty countries. Specialties include mineral fertilizer; environmental solutions to prevent air pollution; agriculture; and food security.

Mitsui & Co.

Mitsui & Co. is an international trading and investment company with a varied business portfolio spanning nearly sixty-three nations and regions in Europe, Asia, North, Central & South America, Oceania, The Middle East, and Africa. The company employs nearly 5,600 employees. 

BASF SE

BASF SE specializes in Performance Products, Chemicals, Agricultural Solutions, Functional Materials & Solutions, and Oil & Gas. Its portfolio is made up of six segments - Materials, Chemicals, Surface Technologies, Industrial Solutions, Nutrition & Care and Agricultural Solutions.

Indian Farmers Fertiliser Cooperative Limited (IFFCO)

Indian Farmers Fertiliser Cooperative Limited (IFFCO) is India's leading cooperative society entirely owned by Indian Cooperatives. Today, it is an amalgam of more than 36,000 Indian Cooperatives with varied business interests ranging from General Insurance to Rural Telecom, besides its core business of producing and selling fertilisers. Specialties include Nano Urea, Fertiliser, Farming, Agriculture, and Cooperative.

Nutrien Ltd.

Nutrien Ltd. specializes in Agricultural Distribution, Agricultural Nutrients, Nitrogen Production, Potash Production, Manufacturing, Phosphate Production, Precision Agriculture, and Crop Production Services. The company is a key producer of potash, nitrogen and phosphate. The company has retail operations in seven countries across three continents.