Asia Pacific Ammonia Market Size & Outlook, 2025-2028
Asia Pacific Ammonia Market Size
According to Straits Research analysis, the Asia Pacific Ammonia Market was valued at USD 84814.54 Million in 2024 and is projected to reach USD 113701.02 Million by 2028, expanding at a CAGR of 7.6% during the forecast period. Growth is largely driven by rising demand from key industries such as agriculture, where ammonia is extensively used as a crop nutrient, and the chemicals sector that utilizes it as a foundational element in numerous products. Energy applications also evidence a mounting appetite for ammonia, particularly due to its potential use in green and low-carbon production. Evolving trends in sustainability and technological advancements in production methods further reinforce the market expansion. Lastly, burgeoning export opportunities enhance the market attractiveness. Moving forward, the Asia Pacific region is poised to capitalize on its strategic position in the global ammonia market, driven by substantial industrial demand, robust growth capabilities, and innovative opportunities.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Asia Pacific Ammonia Market Highlights
- In 2024, Liquid emerged as the dominant Type based on market size.
- Gas is projected to register the fastest growth, positioning it as the most attractive Type segment over the forecast horizon.
- In 2024, Asia Pacific contributed 52.96% to the overall global ammonia market size.
- By 2028, China is anticipated to dominate the global market based on market size.
- India is expected to witness the fastest growth within Asia Pacific, attaining USD 58503 Million by 2028.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2019-2028 |
| Historical Period | 2019-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 84814.54 Million |
| Market Size In 2028 | USD 113701.02 Million |
| Largest segment | Liquid |
| Fastest segment | Gas |
| Units | Revenue in USD Million |
| CAGR | 7.6% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Asia Pacific Ammonia Market Share By Type
Segmentation Covered
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Asia Pacific Ammonia Market By Country 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Asia Pacific Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Asia Pacific Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Asia Pacific Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
