The Indian ammonia market size reached US$ 5,469.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 5,928.7 Million by 2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 5,469.4 Million |
Market Forecast in 2032
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US$ 5,928.7 Million |
Ammonia is an inorganic, colorless compound with an unpleasant pungent odor. It is naturally sourced from air, soil, water, plants and animals. The gaseous form of ammonia is compressed into liquid form, which dissolves in water to form ammonium hydroxide and is transported in steel cylinders. Ammonia is commonly used in the manufacturing of ammonium nitrate fertilizers, which discharge nitrogen in the soil to promote growth in farm crops and plants. It is also used in the production of plastics, textiles, explosives, coloring agents, household cleaning products and pesticides. Ammonia can absorb heat from its surroundings and can filter and purify impurities from liquid mediums. As a result, it is widely used as a refrigerant in heating, ventilation and air conditioning (HVAC) systems and as a purifying agent in water treatment plants.
Significant growth in the agriculture industry across India is one of the key factors creating a positive outlook for the market. With the rising population and decreasing arable lands for crop cultivation, there is an increasing demand for efficient nitrogen-rich ammonia-based fertilizers and agrochemicals to ensure optimal food production for the masses. Moreover, the widespread product adoption for the manufacturing of detergents and cleaning products is providing a thrust to the market growth. Ammonia is highly effective in breaking down household grime and removing stains of vegetable oils, fats, cooking grease and wine from tubs, sinks, toilets, countertops and tiles. It also evaporates quickly, thereby facilitating in cleaning glass without leaving any residual streak marks. In line with this, the increasing demand for ammonium nitrate for mining and explosive applications is also contributing to the growth of the market. Other factors, including various product innovations, such as the development of green ammonia through sustainable technologies, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian ammonia market report, along with forecasts at the country and state level from 2024-2032. Our report has categorized the market based on physical form and end-use.
Breakup by Physical Form:
Breakup by End-Use:
Breakup by States:
The competitive landscape of the industry has also been examined with some of the key player being Chambal Fertilizers and Chemicals Ltd., GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), IFFCO (Indian Farmers Fertilizer Cooperative Limited), KRIBHCO (Krishak Bharati Cooperative Limited), NFCL (Nagarjuna Fertilizers and Chemicals Limited), RCFL (Rashtriya Chemicals and Fertilizers Ltd) and Southern Petrochemicals Industries Limited (SPIC).
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million, Million Tons |
Segment Coverage | Physical Form, End-Use, State |
States Covered | Gujarat, Maharashtra, Rajasthan, Others |
Companies Covered | Chambal Fertilizers and Chemicals Ltd., GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), IFFCO (Indian Farmers Fertilizer Cooperative Limited), KRIBHCO (Krishak Bharati Cooperative Limited), NFCL (Nagarjuna Fertilizers and Chemicals Limited), RCFL (Rashtriya Chemicals and Fertilizers Ltd) and Southern Petrochemicals Industries Limited (SPIC) |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The ammonia market size was observed to be approximately US$ 5,469.4 Million in 2023. The rising demand for nitrogen-rich, ammonia-based fertilizers and agrochemicals to ensure optimal food production, on account of the increasing population levels, is primarily driving the India ammonia market. Additionally, the emerging adoption of ammonia in manufacturing detergents and cleaning products is also propelling the market growth. Moreover, the rising utilization of ammonia in breaking down household grime and eliminating stains of vegetable oils, fats, cooking grease, etc., from tubs, sinks, toilets, countertops, and tiles is further augmenting the regional market. Besides this, the growing demand for ammonium nitrate for mining and explosive applications is acting as a significant growth-inducing factor. Additionally, the continuous development of green ammonia through sustainable technologies for reducing carbon emissions is expected to drive the India market for ammonia.
The rising utilization of ammonia for manufacturing numerous cleaning products on account of its high pH value, along with the ongoing development of green ammonia through sustainable technologies, is primarily driving the Indian ammonia market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous end-use industries for ammonia.
Based on the physical form, the Indian ammonia market has been segmented into anhydrous ammonia and aqueous ammonia. Currently, anhydrous ammonia holds the majority of the total market share.
Based on the end-use, the Indian ammonia market can be divided into urea, ammonium phosphate fertilizers, industrial, and others. Among these, urea exhibits a clear dominance in the market.
On a regional level, the market has been classified into Gujarat, Maharashtra, Rajasthan, and others, where Gujarat currently dominates the Indian ammonia market.
Some of the major players in the Indian ammonia market include Chambal Fertilizers and Chemicals Ltd., GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), IFFCO (Indian Farmers Fertilizer Cooperative Limited), KRIBHCO (Krishak Bharati Cooperative Limited), NFCL (Nagarjuna Fertilizers and Chemicals Limited), RCFL (Rashtriya Chemicals and Fertilizers Ltd), and Southern Petrochemicals Industries Limited (SPIC).