Thailand Ammonia Market Overview, 2030

The Thailand ammonia market signifies the worldwide industry engaged in the manufacturing, distribution, and usage of ammonia (NH?), a combination of nitrogen and hydrogen that is crucial in various industrial processes. The market is largely fueled by the demand for ammonia as a major ingredient in the manufacturing of fertilizers, as it serves as a vital source of nitrogen, essential for plant development. Fertilizers like urea, ammonium nitrate, and ammonium sulfate are generated using ammonia, making agriculture the primary end-use sector. Besides agriculture, ammonia is extensively utilized in chemical manufacturing, where it acts as a precursor for products such as nitric acid, explosives, and numerous ammonium-based compounds. These compounds find application in industries ranging from mining to textiles and automotive production. Another significant aspect of the ammonia market is its function in industrial refrigeration systems, especially in the food and beverage sector, where ammonia is preferred due to its effectiveness and comparatively low environmental impact relative to synthetic refrigerants. Ammonia has an essential function in wastewater treatment, where it is employed to regulate pH levels and assist in the elimination of nitrogenous pollutants, thereby supporting environmental management initiatives. From a geographical perspective, the ammonia market is shaped by nations with plentiful natural gas reserves, which serve as a feedstock in the Haber-Bosch process for ammonia synthesis. Consequently, areas like the Middle East, Russia, and North America lead ammonia production. Moreover, rising environmental concerns and technological innovations have spurred growing interest in sustainable ammonia production technologies, such as blue ammonia (produced with carbon capture) and green ammonia (produced using renewable energy). These advancements are influencing the future landscape of the ammonia market, establishing it as a vital element in both global agricultural requirements and the shift towards cleaner energy systems.

According to the research report, "Thailand Ammonia Market Overview, 2030," published by Bonafide Research, the Thailand Ammonia Market is anticipated to add to more than USD 490 Million by 2025–30. The advancement and promotion of ammonia are strategically crafted to correspond with both conventional industrial requirements and new sustainability trends. In the international marketplace, ammonia is predominantly advertised as a vital raw material for the agricultural industry, where it plays a critical role in the creation of nitrogen-based fertilizers that enhance crop yields and food security. Ammonia manufacturing companies concentrate on showcasing the effectiveness and dependability of their products, stressing consistent supply chains and the capability to satisfy the rising demand for food production. Marketing initiatives frequently aim at agricultural producers, presenting ammonia as an essential asset for ensuring high-quality crops and sustainable farming methods. As global pressures mount to lower carbon footprints, ammonia manufacturers are progressively advocating innovations such as blue ammonia and green ammonia. Blue ammonia, generated using carbon capture technologies, and green ammonia, produced from renewable energy sources, are being promoted as answers for industries aiming to decarbonize their processes. This transition has captured the interest of sectors like power generation and shipping, where ammonia is being investigated as a cleaner fuel option. Besides fueling economic development, particularly in the agricultural fields, ammonia production also encourages technological advancements and environmental care. The implementation of more sustainable ammonia production methods not only minimizes carbon emissions but also opens fresh markets in the energy and transportation sectors. Moreover, the ammonia market's focus on fulfilling global food security and sustainable energy requirements positions the sector as a significant contributor to addressing some of the most urgent challenges of the 21st century, including climate change and food insecurity.

Agriculture stands out as the largest user of ammonia, serving as a key component in the creation of nitrogen-based fertilizers like urea, ammonium nitrate, and ammonium sulfate. These fertilizers are crucial for improving soil fertility, boosting crop production, and ensuring food security in the nation. South Africa’s agricultural sector, which is essential for both local food supply and export, significantly depends on ammonia-derived fertilizers to maintain productivity. In chemical manufacturing, ammonia acts as a key raw material utilized in the creation of various chemicals, including nitric acid, ammonium salts, and explosives. These chemicals find use in industries such as mining, construction, and automotive production. The adaptability of ammonia in producing chemical substances renders it essential for South Africa’s chemical processing and industrial realms. In the food and beverage domain, ammonia is chiefly used in refrigeration systems, where it functions as an efficient and energy-conserving refrigerant. Due to its superior heat absorption capabilities and minimized environmental impact compared to synthetic refrigerants, ammonia is favored in large-scale food processing and storage. Ammonia also plays an important role in wastewater treatment, where it is utilized to regulate nitrogen levels and assist in sewage treatment. This is especially critical in South Africa, where water scarcity poses a significant challenge, and effective wastewater management is essential for ensuring access to clean water. Furthermore, ammonia is used in several other sectors, such as mining and metallurgy, where it is utilized in explosives and metal processing, as well as in power generation, where ammonia is being considered as a viable alternative fuel.

Anhydrous ammonia, which is ammonia in its most concentrated form devoid of any water content, is extensively utilized in the agriculture sector. It acts as a crucial ingredient in nitrogen-rich fertilizers like urea, ammonium nitrate, and ammonium sulfate. These fertilizers are vital for enhancing soil fertility and boosting crop yields, rendering anhydrous ammonia essential for both domestic agriculture and export-driven farming. Its high nitrogen content (approximately 82%) makes it a highly effective and economical option for large-scale fertilizer production. However, the management of anhydrous ammonia entails specific safety measures owing to its toxic and corrosive characteristics, which require a well-established infrastructure for storage, transport, and use. On the other hand, aqueous ammonia, which consists of ammonia dissolved in water to create a solution, is extensively employed in other industrial uses due to its safer handling properties and adaptability. It is frequently used in wastewater treatment for regulating pH levels and eliminating nitrogenous pollutants from sewage. This is especially crucial in South Africa, where water scarcity and wastewater management present significant challenges. Aqueous ammonia is also applied in the food and beverage industry, especially for industrial refrigeration systems, where it functions as an efficient and eco-friendly refrigerant compared to synthetic alternatives. Chemical manufacturing processes make use of aqueous ammonia in generating a variety of products, including ammonium salts, cleaning agents, and explosives. Its relatively lesser concentration makes it appropriate for applications that require more regulated ammonia levels.

Grey ammonia, which is the most commonly produced variant, is obtained from natural gas through the Haber-Bosch process. This approach, although cost-effective due to the country's access to plentiful natural gas, results in substantial carbon dioxide (CO?) emissions, contributing to the environmental issues linked to ammonia production. In spite of its environmental repercussions, grey ammonia remains dominant in the market due to its low cost and the existing infrastructure related to its production. Brown ammonia, sourced from coal, is less prevalent in South Africa but still represents a conventional approach to ammonia production in areas with coal-rich resources. Like grey ammonia, brown ammonia is linked with high carbon dioxide emissions, rendering it less appealing as the global community shifts towards cleaner, more sustainable options. Conversely, blue ammonia presents an eco-friendlier alternative. It is generated using the same natural gas feedstock as grey ammonia, yet incorporates carbon capture, utilization, and storage (CCUS) technologies to capture and store the CO? emissions produced during manufacturing. This strategy considerably diminishes the carbon footprint of ammonia production, making blue ammonia an appealing choice in South Africa's ongoing initiatives to achieve global sustainability objectives and lessen its own greenhouse gas emissions. The advancement of green ammonia is another hopeful alternative, especially considering South Africa's potential for renewable energy production from solar and wind resources. Green ammonia is created by employing renewable electricity to drive the electrolysis of water to yield hydrogen, which is then combined with nitrogen to form ammonia. This procedure produces no CO? emissions, establishing green ammonia as a completely sustainable answer. Turquoise ammonia, which is still in the initial stages of development, is manufactured through methane pyrolysis, where methane is broken down into hydrogen and solid carbon, providing another avenue to reduce carbon emissions in ammonia production.



Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Ammonia Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Production Method
• Grey/Brown
• Blue
• Green
• Turquoise

By End-Use Industry
• Agriculture
• Chemical Manufacturing
• Food & Beverage
• Wastewater Treatment
• Others (Mining & Metallurgy, Construction, Power Generation, etc..)

By Chemical Form
• Anhydrous Ammonia
• Aqueous Ammonia

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.