Asia Pacific Ammonia Market Report and Forecast 2024-2032

Asia Pacific Ammonia Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the Asia Pacific ammonia market is projected to grow at a CAGR of 1.5% between 2024 and 2032. Aided by the extensive industrial applications of ammonia and the escalating demand for agro-based products in the region, the market is expected to grow significantly by 2032.

Ammonia, primarily recognised as a pungent gas with the formula NH₃, plays a pivotal role in the industrial landscape of the Asia Pacific region. It is a fundamental building block for the synthesis of many pharmaceuticals and is employed in many commercial cleaning products. Its preeminent role, however, lies in agriculture, where it is utilised as a direct fertiliser or as a key constituent in fertiliser compositions, providing essential nitrogen sources for plant growth.

The Asia Pacific region, with its burgeoning population and rapidly urbanising cities, is witnessing an insatiable demand for agricultural produce. This has driven a significant upswing in the requirement for fertilisers, which in turn, has bolstered the Asia Pacific ammonia market demand. As countries like China, India, and Indonesia grapple with the challenge of feeding their vast populations, the emphasis on enhanced agricultural yield becomes paramount, thereby amplifying the role of ammonia in agro industry.

Moreover, the industrial expanse of the Asia Pacific region further underlines the criticality of ammonia. From its utility in the production of nitric acid, a precursor for many compounds, to its applications in the refrigeration industry, the omnipresence of ammonia in various industrial sectors of the region adds impetus to its Asia Pacific ammonia market growth.

The burgeoning healthcare sector in the region also underscores the importance of ammonia. In the realm of pharmaceuticals, ammonia serves as a foundational component in the synthesis of numerous medicinal compounds, catering to a myriad of health concerns. As healthcare infrastructure strengthens and expands in countries like India, China, and Japan, the reliance on pharmaceuticals sees a commensurate rise, indirectly propelling the demand for ammonia.

Further influencing the Asia Pacific ammonia market outlook is the continuous research and innovation in the chemical industry of the region. Newer applications and more efficient production methods for ammonia are being explored, and the Asia Pacific, with its robust research ecosystem, stands at the cusp of these innovations.

Market Segmentation

The market can be divided based on type, application, and country.

Market Breakup by Type
  • Gas
  • Liquid
Market Breakup by Application
  • Fertilisers
  • Textile
  • Mining
  • Pharmaceuticals
  • Refrigeration
  • Others
Market Breakup by Country
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific ammonia market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Mitsubishi Gas Chemical Company, Inc.
  • Yara International ASA
  • Mitsui & Co.
  • BASF SE
  • Indian Farmers Fertiliser Cooperative Limited (IFFCO)
  • Nutrien Ltd.
  • Brunei Fertilizer Industries Sdn Bhd
  • PT Pupuk Kalimantan Timur (PKT)
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Asia Pacific Ammonia Market Analysis
8.1 Key Industry Highlights
8.2 Asia Pacific Ammonia Historical Market (2018-2023)
8.3 Asia Pacific Ammonia Market Forecast (2024-2032)
8.4 Asia Pacific Ammonia Market by Type
8.4.1 Gas
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Liquid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Asia Pacific Ammonia Market by Application
8.5.1 Fertilisers
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Textile
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Mining
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Pharmaceuticals
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Refrigeration
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Asia Pacific Ammonia Market by Country
8.6.1 Market Share
8.6.1.1 China
8.6.1.2 Japan
8.6.1.3 India
8.6.1.4 ASEAN
8.6.1.5 Australia
8.6.1.6 Others
9 Regional Analysis
9.1 China
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Japan
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 India
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 ASEAN
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Australia
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code- 2814)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Mitsubishi Gas Chemical Company, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Yara International ASA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Mitsui & Co.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 BASF SE
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Indian Farmers Fertiliser Cooperative Limited (IFFCO)
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Nutrien Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Brunei Fertilizer Industries Sdn Bhd
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 PT Pupuk Kalimantan Timur (PKT)
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Figures and Tables
1. Asia Pacific Ammonia Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Ammonia Historical Market: Breakup by Form (USD Million), 2018-2023
3. Asia Pacific Ammonia Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Asia Pacific Ammonia Historical Market: Breakup by Application (USD Million), 2018-2023
5. Asia Pacific Ammonia Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Asia Pacific Ammonia Historical Market: Breakup by Country (USD Million), 2018-2023
7. Asia Pacific Ammonia Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Asia Pacific Ammonia Market Structure

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