Australia Ammonia Market Is Expected To Reach US$ 1,245.6 Million By The End Of 2027

Ammonia is one of the most abundant nitrogen-containing compounds that occur naturally in the environment. Around 80% of the ammonia produced by industry is used in agriculture as fertilizer. It is also widely used for purification of water supplies, as a refrigerant gas, and to manufacture dyes, pesticides, textiles, explosives, plastics, and other chemicals. Growth of the Australia ammonia market is mainly driven by the increasing utilization of ammonia-based fertilizer to enhance the yield productivity to meet the growing demand for food. The prospects for Australian agriculture in the period to 2050 lie in its capacity to meet growing food demand, both domestically and also in Asia.

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Key companies covered as a part of this study includes, Incitec Pivot Limited, Yara International ASA, Orica Limited, and Wesfarmers Chemicals Energy & Fertilisers

Australia sees green hydrogen and ammonia as the biggest opportunity for power plants to develop a clean hydrogen industry in a drive to cut carbon emissions. Moreover, Australia's national hydrogen strategy aims to place it among the top three hydrogen exporters to the Asian region by 2030. Furthermore, JERA Co. and Yara International signed a MoU to collaborate on the production, delivery, and supply chain development for blue and green ammonia, to enable zero-emission thermal power generation in Japan and Australia. This in turn is also expected to augment the Australia ammonia market growth.

Furthermore, the Australia ammonia market is witnessing robust growth due to the increasing demand for cleaning products (household) as ammonia has excellent cleanser property and widely used to produce cleaning products, such as oven cleaners, toilet cleaners, drain cleaners, bathroom cleaners, window cleaners, etc. However, variation in seasonal demand for fertilizers and high dependence on imports of fertilizer products is estimated to affect sales of ammonia for the production of fertilizers in Australia. This in turn is expected to hamper the growth of the Australia ammonia market over the forecast period.

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Market Opportunities

Increasing expansion of ammonia plant facility in the Australia region is expected to offer lucrative growth opportunity to the market over the forecast period. For instance, in February 2018, the government of South Australia announced a “globally-­significant demonstrator project,” to be built by the hydrogen infrastructure company Hydrogen Utility (H2U). The plant will comprise a 15 MW electrolyzer system, to produce the hydrogen, and two technologies for converting the hydrogen back into electricity: a 10MW gas turbine and 5MW fuel cell. The plant will also include a small but significant ammonia plant that makes it “among the first-ever commercial facilities to manufacture distributed ammonia from intermittent renewable resources.”

Detailed Segmentation:

Australia Ammonia Market, By Product Type:
Anhydrous Ammonia
Aqueous Ammonia
Australia Ammonia Market, By End Use:
Ammonium Nitrate
Nitric Acid
Ammonium Sulphate
Urea
DAP
MAP
Others

Australia Ammonia Market, By Application:
Agrochemicals
Industrial Chemicals
Explosives
Others

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This release was published on openPR.