Vietnam Ammonia Market Size & Outlook, 2025-2028
Vietnam Ammonia Market Size
According to Straits Research analysis, the Vietnam Ammonia Market was valued at USD 2663.18 Million in 2024 and is projected to reach USD 3706.65 Million by 2028, expanding at a CAGR of 8.6% during the forecast period. Key drivers propelling the market growth are burgeoning employment of Ammonia in agriculture for fertilizers, usage in chemicals for nitric acid production, and utilization in the energy sector as a clean alternative to traditional fuel. Growing concern for green production and sustainability further boosts low-carbon ammonia production, presenting substantial market opportunities. Technological advancements in efficient ammonia production also bolster market growth, along with promising export potential due to robust worldwide demand. With a sturdy emphasis on reinforcing ammonia production capacity and implementing sustainable practices, Vietnam is strategically positioning itself as a prominent player in the global ammonia market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Vietnam 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, Vietnam accounted for 1.66% 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.
Vietnam Ammonia Market Revenue Share 2024
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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 2663.18 Million |
| Market Size In 2028 | USD 3706.65 Million |
| Largest segment | Liquid |
| Fastest segment | Gas |
| Units | Revenue in USD Million |
| CAGR | 8.6% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Vietnam 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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Vietnam Ammonia Market By Type 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Vietnam Ammonia Market By End-use 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Vietnam Ammonia Market By Sales Channel 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
