India Ammonia Market Size & Outlook, 2022-2030

The ammonia market in India is expected to reach a projected revenue of US$ 54,321.1 million by 2030. A compound annual growth rate of 5.8% is expected of India ammonia market from 2023 to 2030.
Revenue, 2022 (US$M)
$34,584.9
Forecast, 2030 (US$M)
$54,321.1
CAGR, 2023 - 2030
5.8%
Report Coverage
India

India ammonia market highlights

  • The India ammonia market generated a revenue of USD 34,584.9 million in 2022 and is expected to reach USD 54,321.1 million by 2030.
  • The India market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
  • In terms of segment, anhydrous was the largest revenue generating product in 2022.
  • Liquid (Aqueous) is the most lucrative product segment registering the fastest growth during the forecast period.


Ammonia market data book summary

Market revenue in 2022USD 34,584.9 million
Market revenue in 2030USD 54,321.1 million
Growth rate5.8% (CAGR from 2022 to 2030)
Largest segmentAnhydrous
Fastest growing segmentLiquid (Aqueous)
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLiquid (Aqueous), Anhydrous
Key market players worldwideKoch Industries, Yara International ASA, CF Industries Holdings Inc, Nutrien Ltd, SABIC, Sumitomo Chemical Co Ltd, Acron, Qafco, TogliattiAzot


Other key industry trends

  • In terms of revenue, India accounted for 16.8% of the global ammonia market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China ammonia market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 75,846.9 million by 2030.

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Ammonia Market Companies

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India ammonia market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammonia market will help companies and investors design strategic landscapes.


Anhydrous was the largest segment with a revenue share of 58.61% in 2022. Horizon Databook has segmented the India ammonia market based on liquid (aqueous), anhydrous covering the revenue growth of each sub-segment from 2018 to 2030.


The anti-drone market in India is expected to witness growth due to geopolitical tensions with some of its neighboring countries, which has resulted in the country investing heavily in ground-based anti-drone systems. 

The market growth in the country can also be attributed to the use of detection-based antidrone systems used for surveillance and border patrol by Indian military and special forces to secure the national borders.

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Horizon Databook provides a detailed overview of country-level data and insights on the India ammonia market , including forecasts for subscribers. This country databook contains high-level insights into India ammonia market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India ammonia market size, by product, 2018-2030 (US$M)

India Ammonia Market Outlook Share, 2022 & 2030 (US$M)

India ammonia market size, by product, 2018-2030 (US$M)

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