The Taiwan Ammonia market demand stood at nearly 560 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.55% during the forecast period until 2034.
Ammonia serves as a highly efficient and widely utilized nitrogen source in the agricultural sector, playing a pivotal role in promoting plant growth. Its significance is underscored in ammonium nitrate fertilizer, where it provides essential nitrogen necessary for cultivating agricultural crops. Additionally, ammonia acts as a precursor for various nitrogen-based fertilizers, including ammonium nitrate. Apart from its agricultural applications, ammonia finds extensive usage across diverse industries such as textiles, plastics, pharmaceuticals, dyes, insecticides, and refrigeration. It serves multiple functions as a neutralizer, stabilizer, and nitrogen supplier in downstream sectors like cold storage, and wastewater treatment. Moreover, its widespread accessibility and cost-effectiveness contribute to its extensive adoption across various industries, exemplified by its utilization in cold storage systems.
Taiwan 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 Taiwan'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 Taiwan's evolving economic landscape. Thus, Taiwan Ammonia market is likely to reach roughly 820 thousand tonnes in 2034.
Based on the end-user industry, the Taiwan Ammonia market is segmented into Agriculture & Fertilisers, Textiles & Pharmaceutical, Explosives, Refrigeration, and Others. The largest market share of Ammonia goes into Agriculture & Fertilisers industry. The share was about 55% in the year 2023.
Major players in the Taiwan Ammonia market include Taiwan Fertilizer Company (TFC), and IVICT (Thailand) Company Limited. Other global players in the Ammonia market include Nutrien, CF Industries, EuroChem Group, Qatar Fertilizer Co (QAFCO), PetroChina Group, Yangmei Group, Indian Farmers Fertiliser Co-operative Limited (IFFCO), Jinmei Group, Yihua Group, TogliattiAzot, Acro Group, Parsian Oil and Gas Development Group Co., 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 Taiwan Ammonia which covers production, demand and supply of Ammonia market in Taiwan.
• To analyse and forecast the market size of Taiwan Ammonia
• To classify and forecast Taiwan Ammonia market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ammonia market in Taiwan.
To extract data for Taiwan 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 Taiwan Ammonia market over the coming years.
ChemAnalyst calculated Ammonia demand across the Taiwan 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, Taiwan 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
560 thousand tonnes
Market size Volume by 2034
820 thousand tonnes
Growth Rate
CAGR of 3.55% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand 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, Foreign Trade, Company Share, 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
Western Taiwan, Northern Taiwan, Southern Taiwan, and Eastern Taiwan
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What was the size of Taiwan Ammonia market in terms of volume in 2023?
Ans:
The size of Taiwan Ammonia market has grown significantly in the historic period and reached approximately 560 thousand tonnes in 2023.
Q2.
Which industries are the leading end-use industries of Taiwan Ammonia market?
Ans:
Agriculture & Fertilisers, Textiles & Pharmaceutical, Explosives, and Refrigeration are the leading end-use industries of Taiwan Ammonia market.
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