IMARC Group’s latest research report, titled “Indian Ammonia Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on Indian ammonia market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Indian ammonia market size reached US$ 5,415 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,748 Million by 2028, exhibiting a growth rate (CAGR) of 1% during 2023-2028.
Indian Ammonia Market Overview:
Ammonia is a colorless gas with a strong and pungent odor that is composed of nitrogen and hydrogen molecules (NH3). It is a crucial component in the synthesis of nitrogen-based fertilizers, such as ammonium nitrate and urea, that provide essential nutrients to plants, promoting healthy growth and increasing crop yields. It serves as a precursor in the manufacturing of various compounds, including plastics, synthetic fibers, dyes, solvents, and cleaning agents. It is a valuable building block for the chemical industry due to its reactive nature and ability to form bonds with other elements. It is widely employed as a refrigerant in large-scale industrial and commercial refrigeration, as well as in some household refrigerators and air conditioning units. As it is utilized as a cleaning agent due to its alkaline nature and ability to break down oils and greases, the demand for ammonia is increasing in India.
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Indian Ammonia Industry Growth Analysis:
At present, there is an increase in the demand for ammonia-based fertilizers in the agricultural sector in India. This, along with the rising utilization of ammonia-based fertilizers to enhance crop productivity and improve soil fertility, represents one of the key factors supporting the growth of the market. In addition, the growing demand for ammonia as a key raw material for the production of various compounds, including plastics, fibers, solvents, and cleaning agents, is offering a favorable market outlook in the country. Moreover, the increasing demand for ammonia as a refrigerant for cold storage and refrigeration purposes is offering lucrative growth opportunities to industry investors in India.
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Key Market Segmentation:
Key Players Included in Indian Ammonia Market Research Report:
- Chambal Fertilisers and Chemicals Limited
- Gujarat Narmada Valley Fertilizers Company Ltd.
- Indian Farmers Fertiliser Cooperative Limited (IFFCO)
- Krishak Bharati Cooperative Ltd (KRIBHCO)
- Nagarjuna Fertilizers and Chemicals Limited,
- Rashtriya Chemicals and Fertilizers Limited
- Southern Petrochemical Industries Corporation (SPIC) Limited
Breakup by Physical Form:
- Anhydrous Ammonia
- Aqueous Ammonia
Breakup by End-Use:
- Urea
- Ammonium Phosphate Fertilizers
- Industrial
- Others
Breakup by States:
- Gujarat
- Maharashtra
- Rajasthan
- Others
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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