Australia Ammonia Market Growth, Revenue, Rising Trends, Industry Share, Demand, CAGR Status, Challenges, Future Opportunities and Forecast 2033: SPER Market Research
Ammonia (NH3) is one of the most widely used nitrogen-based compounds. This colorless gas, known for its pungent odor, occurs naturally in soil, plants, animals, and the atmosphere. Within the human body, ammonia is synthesized during the breakdown of proteins into amino acids, which are then converted into urea. Ammonium hydroxide, a diluted form of ammonia, is commonly used in household cleaning products to remove stubborn stains, including grease.
According to SPER Market Research, the Australia Ammonia Market is projected to reach USD 1154.57 million by 2033, growing at a CAGR of 7.29% during the forecast period.
Key Growth Drivers
- Agricultural Demand:
The rising need for food is boosting the use of ammonia-based fertilizers across Australia, enhancing crop yield and productivity.
- Cleaning Products:
Ammonia’s exceptional cleaning properties drive its use in household products like window, bathroom, drain, and oven cleaners.
- Sustainability Initiatives:
Australian manufacturers are focusing on producing green ammonia, aligning with global sustainability goals and reducing carbon emissions.
- Economic Factors:
Increased disposable income and improved living standards are expected to further stimulate market growth.
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Challenges
- Health Hazards:
Ammonia’s hygroscopic nature poses health risks, particularly when used as a refrigerant, potentially causing burns and respiratory conditions upon exposure.
- Seasonal Fertilizer Demand:
Variations in fertilizer demand and Australia’s reliance on imports from nations like China could hinder ammonia sales.
- Supply Chain Disruptions:
The COVID-19 pandemic disrupted ammonia production, distribution, and global supply chains, impacting its availability in the Australian market.
Opportunities
Ammonia is increasingly being explored as a green fuel and energy carrier. Investments in renewable energy and global efforts to reduce carbon emissions could pave the way for ammonia’s expanded role in sustainable energy markets.
Regional Insights
Western Australia dominated the ammonia market in 2021, followed by Queensland and New South Wales.
Major Players
Key players in the Australia ammonia market include:
- Incitec Pivot Limited
- Yara International ASA
- Orica Limited
- Wesfarmers Chemicals, Energy & Fertilisers
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.
For More Information, refer to below link: –
Australia Ammonia Market Outlook
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