Chemical Industry Updates

  Market Overview: Ammonia is an important nitrogen source used to produce nitrogen-containing fertilizers such as urea, ammonium nitrate and ammonium phosphate. It is also used in fibers, plastics, explosives and cleaning products. Market Dynamics: Ammonia is mostly used in Australia for nitrogen fertilizers production due to the high demand from agricultural industry. According to recent reports, Australian agricultural sector has seen significant growth over past few years and is estimated to grow at over 3% annually during forecast period owing to rising food demand from growing population and demand for Australian agricultural exports globally. This rise in agricultural outputs will positively influence the demand for nitrogen fertilizers and subsequently ammonia market in Australia. In addition, growing demand for industrial use of ammonia like cleaning products manufacturing will also drive its market. However, stringent environmental regulations around CO2 emissions from ammoni

Ammonia is an important nitrogen fertilizer used extensiely for agricultural purposes. Majority of the ammonia produced globally is consumed as fertilizer for enhanced crop productivity. The agricultural sector in Australia has been witnessing significant growth over the past few years on account of favorable climatic conditions and government support. Rising demand for food grains and other crops from the expanding population has augmented the consumption of ammonia-based fertilizers. The global Australia Ammonia Market is estimated to be valued at US$ 934.85 Million in 2023 and is expected to exhibit a CAGR of 6.40% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the Australia ammonia market is increased focus on sustainable agriculture. The agricultural sector in Australia is facing challenges such as decreasing land availability and adverse climate change impacts. There i