Australia Ammonia Market Share, Trends, Size, Revenue, Demand, Growth Strategy, Challenges and Future Strategies 2033


Australia Ammonia Market Share, Trends, Size, Revenue, Demand, Growth Strategy, Challenges and Future Strategies 2033: SPER Market Research

 Category : Power & Energy

 Published: Feb-2024
 Author: SPER Analyst

Australia Ammonia Market is projected to be worth USD 1154.57 million by 2033 and is anticipated to surge at a CAGR of 7.29%.  

Ammonia, with formula NH3, is one of the most prevalent chemicals containing nitrogen. It is a colourless gas that has a strong, pungent smell that is found naturally in plants, animals, soil, and the air. When food, particularly protein, is broken down by the body into amino acids and then converted back into urea, ammonia is synthesized in humans. Known by its common name, ammonium hydroxide, household ammonia is a chemical used mostly in cleaning solutions to remove stains like grease from cooking and other surfaces.

Australia Ammonia Market Driving Factors and Challenges
The market is predicted to expand due to rising ammonia-based fertilizer usage on the Australian continent, which increases crop productivity to meet the rising demand for food. Ammonia has great cleansing properties and is mostly used to make household cleaning goods like window cleaners, bathroom cleaners, drain cleaners, toilet cleaners, oven cleaners, etc., which is driving up demand for these items. Throughout the course of the forecast period, rising disposable income and rising living standards are two more significant factors that are anticipated to fuel the ammonia market's expansion. It is anticipated that the growing emphasis on producing green ammonia by Australian ammonia manufacturers to support sustainability will drive market expansion.

Ammonia sales are expected to be impacted by the region's high reliance on fertilizer imports from China and other nations due to Australia's agriculture industry. Ammonia is used to produce fertilizers. Furthermore, it is anticipated that seasonal variations in fertilizer use will reduce ammonia demand. Due to its toxicity and hygroscopic nature, ammonia is a poor choice for refrigerants since it can inflict serious burn injuries and spread to most parts of the body, including the nose, eyes, and throat. Furthermore, when exposed to ammonia as a refrigerant, a number of skin and respiratory conditions may result. Health concerns related to ammonia exposure as a refrigerant are therefore anticipated to impede the growth of the Australia market over the projected period.

Impact of COVID-19 on Australia Ammonia Market 
The interruption of international supply chains caused by the Covid-19 pandemic affected the production, distribution, and transit of ammonia. This may have an impact on the availability of ammonia in the Australian market. A decrease in activity was seen in a number of ammonia-consuming businesses during lockdowns and recessions, including industry and agriculture. The market for ammonia may have declined as a result of this. The global economy was devastated by the pandemic, which also affected commodity prices and commerce.  Positively, research is being done on ammonia as a potential green fuel and energy source. Changes in the energy markets, investments in renewable energy, and global campaigns to reduce carbon emissions might all have an effect on the ammonia market.

Australia Ammonia Market Key Players
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Incitec Pivot Limited, Yara International ASA, Orica Limited, and Wesfarmers Chemicals, Energy & Fertilisers and various others.

Australia Ammonia Market Segmentation:

By Product Type: Based on the Product Type, Australia Ammonia Market is segmented as; Anhydrous Ammonia, Aqueous Ammonia.

By End-use: Based on the End-use, Australia Ammonia Market is segmented as; Ammonium Nitrate, Nitric Acid, Ammonium Sulphate, Urea, Diammonium Phosphate (DAP), Mono Ammonium Phosphate (MAP), Others.

By Application: Based on the Application, Australia Ammonia Market is segmented as; Agrochemicals, Industrial Chemicals, Explosives, Others.

By Region: This research also includes data for New South Wales, Queensland, Victoria, Western Australia and Rest of Australia.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report

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