Exploring Growth Opportunities and Trends in the Australian Ammonia Market: A Comprehensive Market R

Australia Ammonia Market is Estimated to Witness High Growth Owing to Growing Agriculture Industry

Ammonia is a colourless gas with a distinct pungent smell, widely used in the production of fertilizers, plastics, fibres and other chemical products. It is considered as a critical industrial chemical used in various end-use industries such as agriculture, textiles, pharmaceuticals, refrigeration and others. Growing agriculture sector in Australia is significantly boosting the demand for ammonia as it is considered as a major nitrogen fertilizer used to enhance crop production and yield. Ammonia also finds major applications in production of explosives, dyes, fibres and plastics.
The Australia ammonia market is estimated to be valued at US$ 934.85 Million in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Australia ammonia market are Incitec Pivot Limited, Yara International ASA, Orica Limited, and Wesfarmers Chemicals, Energy & Fertilisers. Incitec Pivot Limited is one of the largest producers and distributors of fertilizers in Australia with strong presence across mining services and fertilizer manufacturing.

The key opportunities in the Australia ammonia market include increasing ammonia exports from the country owing to growing fertilizer demand in Asia Pacific and development of innovative ammonia-based technologies with reduced carbon footprint. Growing demand for agricultural commodities from global markets is also expected to drive fertilizer consumption in Australia.

Globally, Australia occupies nearly 2% share in the overall ammonia trade. Major international players are investing in Australia to leverage its strategic location and trade agreements to expand global footprint. Development of green ammonia projects using renewable energy is another major opportunity for market growth.

Market Drivers

Growing agriculture industry is the major market driver for ammonia in