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[PDF] Australia Nitric Acid Market Growing Demands, Supply And Business Outlook In Near Future- Coherent Market Insights
Australia Nitric Acid
The Nitric Acid market in Australia is estimated to account for US$ 843.4 Mn in terms of value and 2152.8 Thousand Tons in terms of volume by the end of 2018
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Drivers:
Growing demand of nitric acid for the production of ammonium nitrate, which is widely used as explosives in the mining industry is primarily fueling the market growth of nitric acid.
Growing demand for fertilizers in the agriculture industry coupled with expanding chemical industry is further expected to boost the market growth of the nitric acid. Moreover, increasing mining exploration activities is also expected to augment the market growth of nitric acid
Market Restraints
Increasing focus of government towards the production of substitute of ammonium nitrate explosives in mining industry is expected to hamper the market growth of nitric acid.
Market Opportunities
Increasing usage of nitric acid in the metal refining process of separating precious metal from metalliferous materials by dissolving metalliferous materials using hydrolysis process in nitric acid solution is expected to offer as an immense growth opportunity to the market growth.
Market Trends/ Key Takeaways
Increasing focus of manufacturer on expanding the existing production facilities of the ammonium nitrates in order to cater to rising demand for ammonium nitrate from mining industry is one of the major trend that has been observed in the market. For instance, CBSP Limited is an Australia-based manufacture of ammonium nitrate. In 2014, the company completed the commissioning of ammonium nitrate facility (260 kilotons). The associated nitric acid production capacity was 210 kilotons.
Company Profiles
Orica Limited
Wesfarmers Chemicals, Energy & Fertilisers
Incitec Pivot Ltd
Recent Developments
Incitec Pivot Ltd
The company engages in various fertilizer research and development program in conjunction with customers and farmers to enhance its product offering
Detailed Segmentation:
Australia Nitric acid Market, By Product Type:
FumingNon-Fuming
Australia Nitric acid Market, By Grade:
CommercialSpecialty
Australia Nitric acid Market, By End-use:
ExplosivesFertilizersOthers
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Years Considered to Estimate the Market Size:
History Year: 2015-2019
Base Year: 2021
Estimated Year: 2021
Forecast Year: 2021-2028
Contact Us:
Mr. Shah
Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunities.
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