The Indian ammonia market reached a consumption volume of 15.4 Million Tons in 2020. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Fertilizer is the largest end-use sector and currently represents the biggest driver of ammonia in the country. Growing demand of food, owing to population growth, coupled with rising focus on production security are also expected to catalyse the demand of fertilizers in India, thereby facilitating the growth of the ammonia industry
Industrial application of ammonia in refrigeration is also a growing end use segment in the country. Rising urbanisation and development in the residential and commercial building sectors is expected to propel the demand of ammonia in refrigerant applications. Another major application of ammonia is in the production of ammonium nitrate which is a key ingredient in the mining and explosives industry. We expect the expansion of the domestic ammonium nitrate capacity will also drive the demand of ammonia in the coming years. Furthermore, strong support from the Indian government is also catalysing the demand of ammonia in the country.
IMARC Group’s latest report provides a deep insight into the Indian ammonia market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian ammonia market in any manner.
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 Fertilisers and Chemicals), IFFCO (Indian Farmers Fertiliser 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).
Key Questions Answered in This Report:
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