The Australia Ammonia Market Size, Industry Growth Insights, Emerging Trends With Top Players Analysis

Ammonia, a nitrogen-hydrogen combination, is a colorless gas with a very unpleasant odor. It's utilized in the production of a wide range of compounds. Ammonia is a primary source of nitrogen. It is primarily utilized as a fertilizer and in producing other nitrogen fertilizers, including urea, ammonium sulphate, and ammonium phosphates. In commercial cleaning, ammonia is utilized either directly (as hydroxide) or indirectly. It's also a key ingredient in the production of nitric acid, which is a key ingredient in the production of calcium nitrate, ammonium nitrate, nitrobenzene, toluene, adipic acid, and other speciality organic compounds.

One of the primary factors driving the growth of the Australia Ammonia Market is the rising demand for industrial chemicals and explosives. Demand for nitric acid and anhydrous ammonia is increasing due to increased ammonium nitrate manufacturing by explosives producers. Furthermore, ammonia consumption is fueled by demand for nitrogen-rich fertilizers such as DAP, MAP, and urea. In addition, rising environmental concerns over hydrofluorocarbon emissions are driving up ammonia sales for commercial refrigeration. However, changing natural gas costs and rising fertilizer imports are likely to stifle the Australia Ammonia Market expansion to some extent in Australia. 

The growth of ammonium nitrates production capacity by various producers and the increasing adoption of ammonia-based refrigeration systems are two trends in the Australia Ammonia Market. The ammonia market in Australia has been divided into two categories: anhydrous ammonia and aqua ammonia. In 2015, the anhydrous ammonia sector held 96.8% of the value share in the Australia Ammonia Market, and this dominance is likely to continue throughout the forecast period. It is also expected to be the fastest-growing market over the projected period, with a value CAGR of 6.4 per cent. Increased use of ammonia-based fertilisers in Australia to boost yield productivity and fulfil rising food demand. According to the Australian Bureau of Statistics, agricultural firms in Western Australia continued to fertilise the biggest expanses of land, with 19 million hectares fertilised in 2016-17, accounting for 37% of all agricultural land fertilised in Australia.

Incitec Pivot Limited, Yara International ASA, Orica Limited, Wesfarmers Chemicals, Energy & Fertilisers are the major key players in the Australia Ammonia Market.