India Ammonia Market Size & Outlook, 2025-2028
India Ammonia Market Size
According to Straits Research analysis, The India Ammonia Market was valued at USD 15588.91 Million in 2024 and is projected to reach USD 21080.17 Million by 2028, expanding at a CAGR of 7.8% during the forecast period. Major demand stems from agriculture, chemicals, and energy sectors with ammonia being crucial for fertilizers, polymers, and reservoir coolant production. Factors driving this growth include rising agricultural activities, growing industrial infrastructure, and escalating energy demands. Emerging as a lucrative opportunity, green ammonia presents sustainable and low-carbon solutions against global warming. Technological advancements suggest higher productivity with improved efficiency. Despite domestic demands, India's export potential remains untapped, offering room for expansion. Moving forward, India seeks to reinforce its global position, leveraging its chemical industry capabilities while navigating towards sustainable production practices.
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Ammonia Market Highlights
- Liquid held the leading position among Type segments in 2024, based on market size.
- Gas is projected to post the fastest growth rate, sustaining its position as the most attractive Type segment during the forecast horizon.
- In 2024, India accounted for 9.73% of the global ammonia market size.
- By 2028, China is expected to lead the global ammonia market in terms of market size.
- Within Asia Pacific, China is projected to dominate the regional ammonia market size by 2028.
- India is identified as the fastest-growing market in Asia Pacific, anticipated to reach 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 15588.91 Million |
| Market Size In 2028 | USD 21080.17 Million |
| Largest segment | Liquid |
| Fastest segment | Gas |
| Units | Revenue in USD Million |
| CAGR | 7.8% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
India Ammonia Market Share By Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| End-use |
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| Sales Channel |
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India Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
