The China Ammonia market demand stood at 23 million tonnes in 2023 and is expected to grow at a CAGR of 4.8% during the forecast period until 2034.
Ammonia is a highly effective and widely used nitrogen source in agricultural sector, crucial for plant growth. It plays a vital role in ammonium nitrate fertilizer, providing essential nitrogen for the cultivation of agricultural crops. Furthermore, ammonia serves as a precursor for various nitrogen-based fertilizers, including ammonium nitrate. Beyond agriculture, ammonia finds applications in diverse industries such as textiles, plastics, pharmaceuticals, dyes, insecticides, and refrigerants. It serves multiple functions as a neutralizer, stabilizer, and nitrogen supplier in downstream sectors like pulp & paper, cold storage, and wastewater treatment. Moreover, ammonia is widely accessible and cost-effective, contributing to its widespread use across various industries, such as in cold storage systems.
China is poised for greater ammonia consumption in the forecast period due to its pivotal role in the agricultural sector, supporting the country's extensive use of ammonia-based fertilizers for enhanced agricultural productivity. The robust growth of China's industrial sector contributes to increased demand for ammonia in applications such as textiles and pharmaceuticals. Additionally, the focus on wastewater treatment further boosts ammonia demand, reflecting the multifaceted nature of its usage across various sectors in China's evolving economic landscape. Due to these reasons, the China Ammonia market size is estimated to reach roughly 39 million tonnes in 2034.
Based on the end-user industry, the China Ammonia market is segregated into Agriculture & Fertilisers, Textiles & Pharmaceutical, Explosives, Refrigeration, and Others. The largest share of Ammonia goes in the Agriculture & Fertilisers industry. In 2023, this industry consumed about 55 percent of the total China Ammonia market.
Major players in the China Ammonia market are Jinmei Group, Yihua Group, PetroChina Group, Yangmei Group, Jinkai Group, Sinopec Group, Yancon Group, Luxi Group, CNOOC, Henan Xinlianxin, Cangzhou Dahua, Inner Mongolia Chem Fert, Jiujiang Petro-Refine, Kaiyuan Chemical Fert, Jinxi Chemical Plant, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Ammonia which covers production, demand and supply of Ammonia market in China.
• To analyse and forecast the market size of Ammonia
• To classify and forecast China Ammonia market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ammonia market in China.
To extract data for China Ammonia market, primary research surveys were conducted with Ammonia manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for China Ammonia market over the coming years.
ChemAnalyst calculated Ammonia demand across the China region by analysing the volume of Ammonia consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ammonia manufacturers and other stakeholders
• Organizations, forums and alliances related to Ammonia distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ammonia manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, China Ammonia market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
23 million tonnes
Market size Volume by 2034
39 million tonnes
Growth Rate
CAGR of 4.8% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Agriculture & Fertilisers, Textiles & Pharmaceutical, Explosives, Refrigeration, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North China, South China, East China, West China and Rest of China
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the size of China Ammonia market in terms of volume in 2023?
Ans:
The size of China Ammonia market has grown significantly in the historic period and reached approximately 23 million tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of China Ammonia market?
Ans:
Agriculture & Fertilisers industry is the leading consumer of China Ammonia market.
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