India ammonia market is
anticipated to register growth at an impressive CAGR in the forecast period,
2024-2028. Ammonia refers to a colorless smelly gas that is rich in nitrogen
and is widely used for direct soil application and water irrigation. Ammonia is
considered as a building block for ammonium nitrate fertilizer, which releases
nitrogen, a crucial nutrient for the plants and crops to grow healthy. As a
result, ammonia is widely utilized in fertilizers to cater to the exponentially
growing demand for quality crops across the country. Apart from this, ammonia
is also extensively being utilized as a refrigerant gas and in air-conditioning
equipment. This is primarily because ammonia helps in absorbing ample of heat
coming out from its surroundings. The increasing installation of refrigerators
and air-conditioners due to the hot and humid weather condition in India, is
eventually adding to the increased utilization of ammonia. All these
aforementioned uses of ammonia are anticipated to drive the growth of India
ammonia market.
Rapidly Growing Agriculture
Industry Fuels the Market Growth.
Crops constantly require
necessary nutrients such as potassium, nitrogen, magnesium, calcium, and sulfur
for their nourishment. The amount of these essential nutrients differs from
plant to plant depending upon its location, type, and size. Ammonia is considered
as one of the most prominent sources of such nutrients and thus, it is
extensively used as fertilizers. Nitrogen fertilizers are extensively utilized
in the agricultural industry to maximize the crop yield. Nitrogen is extremely
high in ammonia, which can be directly put into soil or transformed into
variety of nitrogen fertilizers. Rapid urbanization, rise in disposable income,
and changes in dietary behavior such as preferences for quality and nutritive
agricultural products have collectively influenced the demand for quality food.
As a result, farmers across the world are focusing on increasing the crop
production to cater to rising bolstering food demands. Moreover, the limited
availability of arable land has significantly enhanced the adoption of
fertilizers, which in turn, is providing a boost to the India ammonia market.
Flourishing Textile industry
to propel the market growth
Ammonia plays a crucial role
in the textile industry as it is extensively used to give finishing touch to
cotton made fabrics in the textile industry. Moreover, ammonia is highly
soluble with any liquid, therefore it has the property of allowing any fabric
to soak any color. The growing demand for textiles, owing to their increased adoption
in the manufacturing of apparel and other household items, is eventually adding
to the growth of India ammonia market. Furthermore, the rising initiatives by
the government of India to support the textile business is likely to propel the
usage of ammonia over the coming years.
Growing usage of ammonia in
pharmaceutical industry to fuel the market growth
The Indian pharmaceutical
industry is the third largest in the world by volume, and currently valued at
USD41 billion. Ammonia is widely utilized in the pharmaceutical sector for the
production of medicines. Ammonia acts as a processing agent for producing
several products of biotechnology, and fermentation & culture control
applications. Growing prevalence of several lifestyle, functional, and
cardiovascular diseases are rapidly boosting the demand for effective
medicines. The government of India is also providing production-linked
incentive schemes to pharmaceutical companies who are producing medicines in bulk.
This eventually is acting as a major growth-inducing factor for the India
ammonia market.
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Market Segmentation
The India ammonia market is segmented on
the basis of grade, application, manufacturing process, competitive landscape,
and regional distribution. Based on grade, the market is
divided between anhydrous and aqueous. By application, the market is bifurcated
into fertilizers, chemicals, pharmaceuticals, electronics, refrigeration,
household, food, and others. Based on the manufacturing process, the market is
fragmented into steam reforming, partial oxidation, cryogenic separation, coal
gasification. The
market analysis also studies the regional segmentation, divided among North
India, South India, East India, West India.
Company Profile
Chambal Fertilizers and
Chemicals Company, Deepak Fertilizers and Petrochemicals Corporation Ltd,
Fertilizers and Chemicals Travancore (FACT) Limited, Indian Farmers Fertilizer
Cooperative Limited (IFFCO), Krishak Bharati Co-Operative Limited (KRIBHCO), Gujarat
Narmada Valley Fertilizers and Chemicals (GNFC), Kanpur Fertilizers &
Cement Limited, Mangalore Chemicals and Fertilizers Limited (MCFL), and National
Fertilizers Ltd. and Tata Chemicals Ltd. are the primary leaders of the India
ammonia market.
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Attribute
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Details
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Base Year
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2022
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Historical Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, volume in units, and CAGR for 2018-2022
and 2023-2028
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Grade
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Application
·
Manufacturing Process
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Regional scope
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North India, South India, East India, West India
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Key companies profiled
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Deepak Fertilizers and Petrochemicals
Corporation Limited, Rashtriya Chemicals & Fertilizers Ltd., National
Fertilizers Limited, and Gujarat Narmada Valley Fertilizers & Chemicals
Company
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, India ammonia
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- India Ammonia Market, By Grade:
o Anhydrous
o Aqueous
- India Ammonia Market, By Application:
o Fertilizers
o Chemicals
o Pharmaceuticals
o Electronics
o Refrigeration
o Household
o Food
o Others
- India Ammonia Market, By Manufacturing
Process:
o Steam Reforming
o Partial Oxidation
o Cryogenic Separation
o Coal Gasification
- India Ammonia Market, By Region:
o East India
o West India
o North India
o South India
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India ammonia market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India ammonia market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]