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The ammonia market in India reached a consumption volume of about 18.29 million metric tons in 2023. The market is expected to grow at a CAGR of 8.2% in the forecast period of 2024-2032 to reach about 37.17 million metric tons by 2032.
India Ammonia Market Report Summary | Description | Value |
Base Year | MMT | 2023 |
Historical Period | MMT | 2018-2023 |
Forecast Period | MMT | 2024-2032 |
Market Size 2023 | MMT | 18.29 |
Market Size 2032 | MMT | 37.17 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 8.2% |
CAGR 2024-2032 - Market by Region | South India | 7.9% |
CAGR 2024-2032 - Market by Physical Form | Anhydrous Ammonia | 8.7% |
CAGR 2024-2032 - Market by Application | Urea | 8.7% |
Market Share by Region | West India | 23.8% |
The Asia Pacific was the leading ammonia-producing and consuming region in 2020. China is the leading producer of the product in the region. In the forecast period of 2024-2032, the CAGR of the Asia Pacific market is expected to increase at a rate of nearly 3%, boosting the growth of India ammonia market. Ammonia is manufactured mainly from coal gasification in China, whereas it is primarily obtained from natural gas globally. China is followed by India and Indonesia in terms of industry development of the product. The capacity of the product is expected to increase dramatically globally in the coming years.
The ammonia phosphate fertilizers sector dominates the end-use sectors in the industry in India. It is considered to be a vital nitrogen source for plant growth. Ammonia consumption in India is also increased by the production of different liquid fertilizer solutions consisting of ammonium nitrate, water ammonia, and urea. The product is widely used for agricultural applications as it reacts quickly with clay particles, organic matter, free hydrogen ions, and groundwater (which inhibits the volatilization of ammonia).
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India is establishing itself as a significant participant in the renewable ammonia market, having already signed several international trade agreements and with more in the pipeline which can aid the growth of the market. The country's goal to generate 5 million metric tons (mt) of renewable hydrogen by 2030 and capture a 10 per cent share of the global trade by that time highlights its dedication to renewable energy as a critical trend in the ammonia market.
KBR announced on July 2024 that it has been chosen by OCIOR Energy for its green ammonia technology, K-GreeN® in Odisha, India. KBR will supply technology licenses, equipment, and catalyst solutions to OCIOR for its facility which is set to have a capacity of around 600 metric tons per day.
According to ITC Trademap, in 2023, India imported 2,336,714 tons of ammonia from various countries, reflecting a slight increase from 2,243,843 tons in 2022. Imports from Saudi Arabia reached 953,287 tons, significantly up from 930,631 tons in 2022, indicating strong demand. As per the India ammonia industry analysis, Oman saw a substantial rise, exporting 385,643 tons to India in 2023, up from 103,172 tons in 2022.
Bahrain's exports to India increased to 372,783 tons in 2023 from 235,816 tons in 2022, showcasing growing trade volumes. Imports from Indonesia rose to 192,121 tons in 2023 compared to 253,908 tons in 2022. As per the India ammonia market dynamics and trends, Qatar's exports to India increased to 119,845 tons in 2023 from 374,716 tons in 2022, indicating fluctuating volumes.
Malaysia's exports to India were 95,208 tons in 2023. The United Arab Emirates and Egypt showed stable export trends, with Egypt exporting 32,334 tons to India in 2023.
As per Food and Agriculture Organization (FAO), the fertilizer consumption as a percentage of fertilizer production in India increased from 152.7% in 2018 to around 156.5% in 2019. As per the ammonia industry in India, this upward trend continued, reaching approximately 176% in 2020. However, by 2021, consumption decreased to around 160.6%.
According to the Fertiliser Association of India, the all-India estimated consumption based on DBT sales for 2022-23 saw Urea at 35.73 million MT and DAP at 10.53 million MT, recording increases of 4.5% and 13.6% respectively over 2021-22 which shows an increase in India ammonia industry revenue. However, the consumption of NP/NPK complex fertilizers at 10.07 million MT, MOP at 1.63 million MT, and SSP at 5.02 million MT declined by 12.2%, 33.6%, and 11.7% respectively during this period. The total consumption of all fertilizer products stood at 63.92 million MT in 2022-23, showing a slight decline of 0.03% compared to 2021-22.
2023- Market Share by | Region |
West India | 23.8% |
East India | XX% |
South India | XX% |
North India | XX% |
The key players in the India ammonia market include India Farmers Fertiliser Cooperative Limited (IFFCO), Rashtriya Chemicals and Fertilizers (RCF), National Fertilizers Limited (NFL), Gujarat State Fertilizers & Chemicals (GSFC), Chambal Fertilizers and Chemicals Limited, Tata Chemicals, Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), and Zuari Agro Chemicals Limited.
Research and Development (R&D): IFFCO invests heavily in R&D to improve ammonia production efficiency and develop eco-friendly products. RCF focuses on innovative production processes to enhance yield and reduce costs. NFL emphasizes R&D to improve product quality and sustainability.
Market Expansion: GSFC increases the India ammonia market opportunities through strategic partnerships and acquisitions. Chambal Fertilizers and Chemicals Limited pursues market expansion by exploring new regional markets and increasing export activities.
Sustainability Initiatives: Tata Chemicals implements sustainability practices by reducing its carbon footprint and promoting green ammonia to stay ahead of other ammonia manufacturers in India. DFPCL focuses on sustainable production methods and energy-efficient technologies.
Cost Management: Zuari Agro Chemicals Limited adopts cost-cutting measures and streamlines operations to maintain profitability. IFFCO utilizes economies of scale to reduce production costs and enhance competitiveness.
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Ammonia refers to a colourless gas having an and extremely unpleasant odour which is suffocating. It dissolves readily in water and also forms a solution of ammonium hydroxide. The solution can also result in burns and irritation. Its gaseous form can quickly be compressed and, in its liquid form under pressure is colourless and transparent. It is typically delivered in the form of compressed liquid in steel cylinders. It is not highly combustible but can explode if exposed to high heat. Ammonia is used as a refrigerant because of its benefits, like high performance, environmentally friendly, requiring smaller pipes, and improved heat transfer features which can aid the growth of the India ammonia industry.
Based on physical forms, the market can be divided into:
CAGR 2024-2032 - Market by | Physical Form |
Anhydrous Ammonia | 8.7% |
Aqueous Ammonia | XX% |
On the basis of application, the market is segmented into:
CAGR 2024-2032 - Market by | Application |
Urea | 8.7% |
Industrial | 7.9% |
Ammonium Phosphate Fertilisers | XX% |
Others | XX% |
The regions in the market include:
Fertilizer is the primary end-use industry for ammonia in India and it is also the major industry driver in the country at present. The growing food demand due to population growth and the growing emphasis on production protection can enhance the expansion of the India ammonia market. The industrial usage of the product in refrigeration is also an increasing end-use segment in India, which is propelling the demand of India ammonia market. The rise in urbanisation is expected to accelerate the industry for ammonia in refrigerant applications for residential and commercial buildings. The processing of ammonium nitrate, which is a key component in the mining and explosives industry, is a further important application of ammonia. In the coming years, the rising domestic ammonium nitrate production is expected to increase the demand for ammonia in India. In addition, the India government's strong support is also catalysing the India ammonia demand. Thus, the growing demand for the product is projected to drive the India ammonia market in the forecast period.
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The report gives a detailed analysis of the following key players in the India ammonia market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the India ammonia market based on the Porter's five forces model along with giving a SWOT analysis. The report also provides the price trends and trade analysis of ammonia.
An agreement was reached for the production plant of 1.1 million tonnes of ammonia per year in Thoothukundi, which runs on 5 GW of solar PV capacity and 1.5 GW of electrolyzer capacity in July 2022 in Tamil Nadu, India and can increase the ammonia market share in India. Additionally, ACME has been running a solar-to-ammonia pilot facility in Rajasthan, India since November of 2021.
CAGR 2024-2032 - Market by | Region |
South India | 7.9% |
North India | 7.6% |
East India | XX% |
West India | XX% |
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Physical Form |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Competitive Landscape |
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Companies Covered |
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Indian Ammonia Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Opportunities and Challenges in the Market
8 Global Ammonia Market Overview
8.1 Key Industry Highlights
8.2 Global Ammonia Historical Market (2018-2023)
8.3 Global Ammonia Market Forecast (2024-2032)
8.4 Global Ammonia Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 India Ammonia Market Overview
9.1 Key Industry Highlights
9.2 India Ammonia Historical Production (2018-2023)
9.3 India Ammonia Production Forecast (2024-2032)
9.4 India Ammonia Historical Consumption (2018-2023)
9.5 India Ammonia Consumption Forecast (2024-2032)
10 India Ammonia Market by Physical Form
10.1 Anhydrous Ammonia
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Aqueous Ammonia
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 India Ammonia Market by Application
11.1 Urea
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Ammonium Phosphate Fertilisers
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 India Ammonia Market by Region
12.1 North Region
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 East and Central Region
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 West Region
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South Region
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code - 2814)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 National Fertilizers Limited
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Krishak Bharati Co-Operative Limited (KRIBHCO)
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Rashtriya Chemicals and Fertilizers Ltd (RCFL)
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Ramagundam Fertilizers and Chemicals Limited
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Indian Farmers Fertiliser Cooperative Limited
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Gujarat Narmada Valley Fertilizers & Chemicals Limited
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 MATIX Fertilisers & Chemicals Ltd.,
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Mysore Ammonia Pvt. Ltd.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Yara Fertilisers India Private Limited
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Nagarjuna Fertilisers & Chemicals Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Malanadu Ammonia Pvt. Ltd.
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ammonia Market: Key Industry Highlights, 2018 and 2032
2. India Ammonia Market: Key Industry Highlights, 2018 and 2032
3. India Ammonia Historical Market: Breakup by Physical Form (USD Million), 2018-2023
4. India Ammonia Market Forecast: Breakup by Physical Form (USD Million), 2024-2032
5. India Ammonia Historical Market: Breakup by Application (USD Million), 2018-2023
6. India Ammonia Market Forecast: Breakup by Application (USD Million), 2024-2032
7. India Ammonia Historical Market: Breakup by Region (USD Million), 2018-2023
8. India Ammonia Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. India Ammonia Market Structure
In 2023, the India ammonia market attained a consumption volume of nearly 18.29 million metric tons.
The market is expected to grow at a CAGR of 8.2% in the forecast period of 2024-2032.
The market is estimated to reach a volume of about 37.17 million metric tons by 2032.
The major drivers of the market such as rising disposable incomes, increasing population, growing food demand, growing emphasis on production protection, and rising domestic ammonium nitrate production are expected to aid the market growth.
Favourable government policies and support, along with the rising demand for ammonium nitrate, are major trends.
The major regions for the market in India are the North Region, East and Central Region, West Region, and South Region.
Anhydrous and aqueous ammonia are the major physical forms of ammonia.
The ammonia phosphate fertilizers sector is the leading application sector in the market in India.
National Fertilizers Limited, Krishak Bharati Co-Operative Limited (KRIBHCO), Rashtriya Chemicals and Fertilizers Ltd (RCFL), Ramagundam Fertilizers and Chemicals Limited, India Farmers Fertiliser Cooperative Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited, MATIX Fertilisers & Chemicals Ltd., Mysore Ammonia Pvt. Ltd., Yara Fertilisers India Private Limited, Nagarjuna Fertilisers & Chemicals Ltd., and Malanadu Ammonia Pvt. Ltd., among others, are the leading players in the industry.
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