India to dominate ammonia capacity additions by 2025
22 February 2021
The global ammonia industry is poised to register a total growth of 23% from 230.88 million tonnes per annum (mtpa) in 2020 to 284.21 mtpa in 2025. Amongst the countries, India is expected to lead the global capacity additions, says GlobalData, a data and analytics company.
GlobalData’s report, ‘Global Ammonia Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’, reveals that Asia leads the capacity additions among the regions and its ammonia capacity is expected to increase from 104.95 mtpa in 2020 to 119.96 mtpa in 2025 at an average annual growth rate (AAGR) of 2.7%. It is expected to have a new-build ammonia capacity of 13.29 mtpa from 23 new-build projects.
GlobalData identifies Russia as the second-highest country in terms of capacity additions with a capacity of 7.77 mtpa by 2025. The majority of the capacity additions will be from the Oteko Krasnodar Ammonia Plant with a capacity of 2.50 mtpa by 2025.
Nigeria will be the third-highest country in terms of capacity additions with a capacity of 7.39 mtpa in 2025. The majority of the capacity additions will be from the Nagarjuna Fertilizers & Chemicals Nigeria Koko Ammonia Plant 1 with a capacity of 0.83 mtpa by 2025.
Dangote Industries Ltd, Oteko, and Nagarjuna Fertilizers and Chemicals Ltd will be the top three companies globally in terms of planned and announced capacity additions over the outlook period.