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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Ammonia Market Trends
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.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124