Traditional ammonia, often referred to as grey ammonia, has a long-standing history. Comprising hydrogen and nitrogen, ammonia has been a foundational chemical since the early 20th century.
India stands as one of the world’s leading producers of ammonia, contributing approximately 8% to global production. The majority of this ammonia is utilized domestically to produce urea, which serves as a critical component in fertilizers.
The global ammonia market is anticipated to witness substantial growth during the forecast period from 2024 to 2031. As of 2023, the market has exhibited consistent expansion, and with the increasing adoption of strategic measures
Ammonia plants in India have emerged as a significant driver of the nation’s industrial growth and economic development. With increasing demand across various sectors, it is crucial to understand the fundamentals of ammonia production
India is advancing towards its goal of achieving net-zero carbon emissions by 2070 with a strong emphasis on Green Hydrogen as a potential solution. The recently introduced Green Hydrogen Policy is expected to significantly enhance the sector.
The Indian ammonia market reached approximately 19 million tonnes in FY2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.9% through the forecast period ending FY2034.
