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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Ammonia Market Growth
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).
Indian Ammonia Market Report Snapshots
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.*
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Key Questions Answered in the Report
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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