Australia ammonia market was valued at US$ 776.1 million, in terms of revenue and 1,581.5 kilo tons in terms of volume.

Ammonia is a gas produced from hydrocarbons. It is a common industrial chemical used in manufacturing of urea, urea formaldehyde resins, synthetic fibres, and as a building block in nitrogen fertilizers. The growth of end use industries such as agrochemicals, industrial chemicals, explosives, and others.

Ammonia is either directly (as hydroxide) or indirectly used in commercial cleaning. It is also used as a critical feedstock for the manufacture of nitric acid, an important precursor for products such as calcium nitrate, ammonium nitrate, nitrobenzene, toluene, adipic acid, and other speciality organic compounds.

Company Profiles

Players active in the market are Incitec Pivot Limited, Yara International ASA, Orica Limited, and Wesfarmers Chemicals, Energy & Fertilisers

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Drivers

Rising demand for ammonia as an industrial and explosive product is expected to fuel the market growth of the ammonia. Ammonia plays a crucial role in the manufacturing of nitric acid that is used as a precursor for the production of chemical compounds such as ammonium nitrate, calcium ammonium nitrate, adipic acid, and other industrial chemicals.

Trends

Rising investment by the major manufacturer in Australia is expected to foster market growth over the forecast period. For instance, in October 2019, the Australian government will allocate US$ 1.93 million in financing for two studies seeking to explore the potential of using green hydrogen from wind and solar power electrolysis in the production of ammonia.

Opportunities

The rising focus of the manufacturer of the Australia ammonia market to produce green ammonia in order to promote sustainability is expected to fuel market growth. For instance, in September 2019, on behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has provided $1.9 million in funding to Queensland Nitrates Pty Ltd (QNP) to assess the feasibility of the construction and operation of a renewable ammonia plant at its existing facility near Moura in Central Queensland.

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Reasons to Buy of Australia Ammonia Market Report

* Key elements such as SWOT analysis and corporate strategy are incorporated in the profile to assist your academic or business research needs.

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In the end, This report additionally presents product specification, producing method, and products cost structure. Production is separated by regions, technology and applications. The Australia Ammonia Market report includes investment come analysis, and development trend analysis. The key rising opportunities of the fastest growing international Australia Ammonia industry segments are coated throughout this report. This report provides an information about the import, export, consumption and consumption value. The report then provides one of the most crucial aspects of the Australia Ammonia Market – the forecast for the next five to six years based on the previous as well as current data.

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