Asia Pacific Ammonia Market

Asia Pacific Ammonia Market Overview: 

The Asia Pacific ammonia market size reached USD 27.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 43.3 Billion by 2033, exhibiting a growth rate (CAGR) of 5.10% during 2025-2033. The market is experiencing significant growth, majorly driven by the rising demand in agriculture for fertilizers, expanding industrial applications, and increased production capabilities. Additionally, strong economic growth and investments in sustainable technologies further support market expansion in the region.

Asia Pacific Ammonia Market Trends:

Rising Demand for Fertilizer Production

The Asia Pacific ammonia market is witnessing significant growth due to the increased demand for fertilizers in the region’s agriculture sector. As countries like China, India, and Indonesia strive to boost agricultural productivity to meet the food requirements of their growing populations, ammonia’s role as a critical component in nitrogen-based fertilizers remains  essential. This trend is further supported by government initiatives promoting efficient farming practices and enhanced crop yields. For instance, in June 2024, India's Ministry of New & Renewable Energy (MNRE) announced an increase in the allocation for the fertilizer sector by 2 lakh tons per annum. This adjustment raises the existing allocation of green ammonia from 550,000 tons per annum to 750,000 tons per annum, in response to the rising demand from the fertilizer industry. Such endeavors are reflective of the enhanced focus on sustainable agriculture, which is significantly driving the adoption of ammonia-based fertilizers that ensure optimal nutrient delivery. Moreover, the  emphasis on food security and agricultural efficiency continues to support the steady expansion of the ammonia market in the region.

Technological Advancements in Ammonia Production

Technological advancements in ammonia production are reshaping the market in Asia Pacific, with a focus on improving efficiency and reducing carbon emissions. Innovations such as green ammonia production through renewable energy sources like hydrogen from water electrolysis are gaining momentum, driven by environmental regulations and sustainability goals. Furthermore, countries in the region are investing in cleaner production methods to align with international climate commitments and reduce their carbon footprint. For instance, according to industry reports, in June 2024, Hygenco Green Energies and Ameropa announced their collaboration for the prospective supply of green ammonia from Hygenco's upcoming plant in India. This project, aimed at strengthening green ammonia exports and supporting global renewable energy and sustainable agricultural practices, is expected to commence with a capacity of 600 tpd by 2027, expand to 1,200 tpd by 2028, and reach a full capacity of 1.1 MMtpy by 2030. These technological strides not only make ammonia production more sustainable but also enhance production capacity, supporting the growing demand across industrial and agricultural sectors. Moreover, the shift toward eco-friendly production processes marks a transformative trend in the regional ammonia market.

Asia Pacific Ammonia Market News: 

In October 2024, BASF and AM Green B.V. signed an MoU to jointly develop low-carbon chemical production in India using renewable energy, including energy from pumped storage projects. The partnership involves feasibility studies and a non-binding offtake agreement for 100,000 tons of renewable ammonia annually, meeting EU RFNBO standards. This collaboration supports BASF’s sustainability goals and AM Green’s commitment to advancing green molecule value chains in the chemical industry.

In May 2024, PT Pupuk Indonesia (Persero) and Brunei Fertilizer Industries (BFI) signed an agreement to explore urea and ammonia development, enhancing national and ASEAN regional food security. This partnership focuses on marketing, operational synergies, and joint development projects. The initiative aims to foster regional collaboration, enhance agricultural productivity, and strengthen the fertilizer industry ecosystem to ensure stability, which is crucial for food security in the ASRAN region.

Asia Pacific Ammonia Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type and application.   

Type Insights:

• Liquid
• Gas
   

The report has provided a detailed breakup and analysis of the market based on the type. This includes liquid and gas.

Application Insights:

• Fertilizers
• Textile
• Mining
• Pharmaceutical
• Refrigeration
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes fertilizers, textile, mining, pharmaceutical, refrigeration and others.

Regional Insights:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include China, Japan, India, South Korea, Australia, Indonesia, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Asia Pacific Ammonia Market Report Coverage:

Key Questions Answered in This Report:

• How has the Asia Pacific ammonia market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Asia Pacific ammonia market?
• What is the breakup of the Asia Pacific ammonia market on the basis of type?
• What is the breakup of the Asia Pacific ammonia market on the basis of application?
• What are the various stages in the value chain of the Asia Pacific ammonia market? 
• What are the key driving factors and challenges in the Asia Pacific ammonia?
• What is the structure of the Asia Pacific ammonia market and who are the key players?
• What is the degree of competition in the Asia Pacific ammonia market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Asia Pacific ammonia market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Asia Pacific ammonia market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Asia Pacific ammonia industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.