The Thailand Ammonia market demand stood at nearly 320 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.4% during the forecast period until 2034.
Ammonia, a widely utilized nitrogen source in the agricultural sector, is indispensable for promoting plant growth. Its significance is particularly evident in ammonium nitrate fertilizer, where it provides essential nitrogen for cultivating agricultural crops. Additionally, ammonia serves as a fundamental precursor for various nitrogen-based fertilizers, including ammonium nitrate. Its applications extend beyond agriculture, spanning diverse industries such as textiles, pharmaceuticals, dyes, insecticides, and refrigerants. Furthermore, its accessibility and cost-effectiveness contribute to its extensive use across various industries, exemplified by its utilization in cold storage systems.
In Thailand, the ammonia market is driven by a diverse range of factors, with its significant industrial applications playing a crucial role. While ammonia is widely recognized for its importance in agriculture, serving as a vital nitrogen source for crop cultivation, its versatility extends far beyond the agricultural sector. Industries such as refrigeration and chemical production heavily rely on ammonia for various processes, thereby contributing to its steady demand in the market. The versatility of ammonia makes it indispensable across these industries. In refrigeration, it serves as an efficient and cost-effective refrigerant, crucial for maintaining low temperatures in cold storage facilities and industrial cooling systems. Thailand's industrial growth further amplifies the demand for ammonia. As sectors such as refrigeration, and chemical production continue to expand, there is a corresponding increase in the need for ammonia for various industrial applications. This growing demand underscores the importance of ammonia as a versatile and essential chemical in Thailand's industrial landscape. There aren't currently any major ammonia manufacturers in Thailand, but there are several companies that import, distribute, and trade ammonia in the country. However, the Thailand Ammonia market size is estimated to reach roughly 470 thousand tonnes in 2034.
Based on the end-user industry, the Thailand Ammonia market is segregated into Agriculture & Fertilisers, Chemical Intermediates, Refrigeration, and Others. The largest market share of Ammonia goes in Agriculture & Fertilisers industry which ranged about 48% in the year 2023.
Major players in the production of Global Ammonia are 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 Ammonia which covers production, demand and supply of Ammonia market in Thailand.
• To analyse and forecast the market size of Thailand Ammonia
• To classify and forecast Thailand Ammonia market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ammonia market in Thailand.
To extract data for Thailand 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 Thailand Ammonia market over the coming years.
ChemAnalyst calculated Ammonia demand across the Thailand 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, Thailand 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
320 thousand tonnes
Market size Volume by 2034
470 thousand tonnes
Growth Rate
CAGR of 3.4% 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, 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, Chemical Intermediates, Refrigeration, and Others]
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North (Myanmar), Central (Bangkok), Northeast (Isan), and South (Gulf of Thailand)
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What was the size of Thailand Ammonia market in terms of volume in 2023?
Ans:
The size of Thailand Ammonia market has grown significantly in the historic period and reached approximately 320 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 3.4% in the forecast period.
Q2.
Which industry is leading as the leading consumer of Thailand Ammonia market?
Ans:
Agriculture & Fertilisers industry is the leading consumer of Thailand Ammonia market.
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