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Asia Pacific Ammonia Market Share, Size, Growth, Trends, Forecast: By Type: Gas, Liquid: By Application: Fertilisers, Textile, Mining, Pharmaceuticals, Refrigeration, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2018-2028
Asia Pacific Ammonia Market Outlook
The Asia Pacific ammonia market would likely grow at a CAGR of 1.5% during 2023-2028. 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.
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Market Likely to be Driven by Rising Population and Governments’ Emphasis on Decreasing Emissions
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.
In 2022, it was reported that Jurong Port, Mitsubishi Heavy Industries Asia Pacific and JERA Asia would collaborate to Come Together to look into setting up an ammonia direct combustion power plant; a Memorandum of Understanding (MoU) was concluded to investigate the setting up of a hundred percent ammonia direct combustion power plant on Jurong Island, Singapore. Earlier, the Singapore government elevated its climate ambition to attain net-zero CO2 emissions by or close to 2050. The project was in line with national decarbonization objectives, and it aimed to use ammonia as a fuel to produce carbon-free electricity, and the key bunkering fuel in future to decarbonize the maritime sector. Comprising nitrogen and hydrogen, ammonia is a very efficient hydrogen carrier and is capable of being directly combusted as a carbon neutral fuel, contributing to the setting up of a robust hydrogen value chain.
Asia Pacific Likely to be a Key Region
Population and economic growth have been driving factors of global nitrogen demand, and Asia Pacific is expected to lead global ammonia production. Asia Pacific is a significant producer of ammonia, China being a major producer. With increasing industrial activity, India is expected to be a key player.
In the Sustainable Development Scenario, Asia Pacific is expected to remain the most significant ammonia-producing region. China and India are likely to remain key players.
Green Ammonia Production Through Sustainable Energy Sources Becoming Popular
Rising environmental concerns and stringent compliances to decrease greenhouse gas emissions are expected to promote adoption of green ammonia technology among ammonia manufacturers. The valorization of green ammonia from sustainable energy sources is leading the way towards safer agricultural products and cleaner industrial chemical production. These factors are likely to boost the Asia Pacific ammonia market.
In 2022, it was reported that Keppel Infrastructure and Greenko would explore ammonia production in India, driven by 1.3 GW of solar, wind and pumped hydro generating capacity. The project was expected to support the Indian government’s objective to produce five million tonnes of green hydrogen every year by 2030. The manufactured ammonia would be directed to demand for low carbon energy in Singapore and India, and could also be employed as bunker fuel.
It has been emphasized that green ammonia could help nations like India substantially decrease their fertiliser subsidy expenses and reduce reliance on liquefied natural gas (LNG) imports for fertiliser production.
Market Segmentation
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By type, the market is divided into:
- Gas
- Liquid
By application, the Asia Pacific ammonia market is classified into:
- Fertilisers
- Textile
- Mining
- Pharmaceuticals
- Refrigeration
- Others
By country, the market is segmented into:
- China
- Japan
- India
- ASEAN
- Australia
- Others
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Key Industry Players in the Market
The report offers an extensive assessment of major players in the Asia Pacific ammonia market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:
- Mitsubishi Gas Chemical Company, Inc.
- Yara International ASA
- Mitsui & Co.
- BASF SE
- Indian Farmers Fertiliser Cooperative Limited (IFFCO)
- Nutrien Ltd.
- Brunei Fertilizer Industries Sdn Bhd
- PT Pupuk Kalimantan Timur (PKT)
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Asia Pacific Ammonia Market Analysis
8.1 Key Industry Highlights
8.2 Asia Pacific Ammonia Historical Market (2018-2022)
8.3 Asia Pacific Ammonia Market Forecast (2023-2028)
8.4 Asia Pacific Ammonia Market by Type
8.4.1 Gas
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Liquid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Asia Pacific Ammonia Market by Application
8.5.1 Fertilisers
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Textile
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Mining
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Pharmaceuticals
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Refrigeration
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Asia Pacific Ammonia Market by Country
8.6.1 Market Share
8.6.1.1 China
8.6.1.2 Japan
8.6.1.3 India
8.6.1.4 ASEAN
8.6.1.5 Australia
8.6.1.6 Others
9 Regional Analysis
9.1 China
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Japan
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 India
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 ASEAN
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Australia
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code- 2814)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Mitsubishi Gas Chemical Company, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Yara International ASA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Mitsui & Co.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 BASF SE
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Indian Farmers Fertiliser Cooperative Limited (IFFCO)
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Nutrien Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Brunei Fertilizer Industries Sdn Bhd
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 PT Pupuk Kalimantan Timur (PKT)
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Figures and Tables
1. Asia Pacific Ammonia Market: Key Industry Highlights, 2018 and 2028
2. Asia Pacific Ammonia Historical Market: Breakup by Form (USD Million), 2018-2022
3. Asia Pacific Ammonia Market Forecast: Breakup by Form (USD Million), 2023-2028
4. Asia Pacific Ammonia Historical Market: Breakup by Application (USD Million), 2018-2022
5. Asia Pacific Ammonia Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Asia Pacific Ammonia Historical Market: Breakup by Country (USD Million), 2018-2022
7. Asia Pacific Ammonia Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Asia Pacific Ammonia Market Structure
Key Questions Answered in the Report
The market for ammonia in the Asia Pacific is projected to grow at a CAGR of 1.5% between 2023 and 2028.
The major drivers of the market include the rising population, rising income, increased usage of ammonia in the production of pharmaceuticals and vaccines, and rising environmental concerns.
The rising industrial activity, initiatives by various governments to reduce energy system emissions, and widespread use of ammonia in fertilisers are the key industry trends propelling the growth of the market.
The major countries in the Asia Pacific ammonia market are China, Japan, India, ASEAN, and Australia, among others.
Based on type, the market can be bifurcated into gas and liquid.
On the basis of application, the market is segmented into fertilisers, textile, mining, pharmaceuticals, and refrigeration, among others.
The major players in the industry are Mitsubishi Gas Chemical Company, Inc., Yara International ASA, Mitsui & Co., BASF SE, Indian Farmers Fertiliser Cooperative Limited (IFFCO), Nutrien Ltd., Brunei Fertilizer Industries Sdn Bhd, and PT Pupuk Kalimantan Timur (PKT), among others.
Ammonia is an abundant source of nitrogen for plants and animals and can be found in water, soil, and air. The natural breakdown of manure and dead plants and animals is the primary source of most of the ammonia in the environment.
Nitrogen and hydrogen undergo a catalytic reaction at high pressure and temperature to create ammonia for commercial use.
Ammonia is corrosive and toxic. The nose, throat, and respiratory tract immediately burn when exposed to air with high ammonia concentrations. This may result in airway damage, bronchiolar and alveolar edema, and respiratory discomfort or failure.
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