AUSTRALIA AMMONIA MARKET ANALYSIS

Australia Ammonia Market, by Product Type (Anhydrous Ammonia, Aqueous Ammonia), by End-use (Ammonium Nitrate, Nitric Acid, Ammonium Sulphate, Urea, DAP, MAP, Others), and by Application (Agrochemicals, Industrial Chemicals, Explosives, Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Aug 2022
Code : CMI3287
Pages :100
Formats :
Excel and PDF
Industry : Bulk Chemicals

Australia Ammonia MarketSize and Trends

Australia ammonia market was valued at US$ 934.85 Million in 2021 and 1,905 Kilo Tons in terms of volume and is expected to exhibit a CAGR of 6.4% during the forecast period (2022 to 2030).

Market 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 allocated 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. Therefore, rising support of the Australian government in order to expand the application of ammonia is expected to fuel the market growth.