Australia Ammonia Industry Demand by 2024

Australia Market Study on Ammonia: Increasing
Consumption in Nitric Acid Production to Drive by
2024
R e s e a r c h
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Australia Ammonia Market 2016-2024
R e s e a r c h
Report Media Releases
Australia Ammonia Market is expected to be valued at US$
680.1 Mn by 2016 End, Mainly Driven by Increasing
Demand for Fertilizers, Industrial Chemicals, and
Explosives in the Country
Persistence Market Research delivers key insights on the Australia ammonia market in its latest
report titled, “Australia Market Study on Ammonia: Increasing Consumption in Nitric Acid
Production to Drive Growth by 2024”. The ammonia market in Australia is estimated to register
M a r k e t
5.8% Y-o-Y growth in 2016 over 2015 and is expected to expand at a CAGR of 6.3% over the
forecast period (2016-2024).
By product type, anhydrous ammonia segment is expected to continue to dominate the market in
terms of value and volume share throughout the forecast period (2016–2024). Production of
ammonium nitrate by explosives manufacturers to cater to demand for industrial explosives from
the mining sector is anticipated to drive growth of the Australia ammonia market over the
forecast period. Also, increasing demand for nitrogen-rich fertilizers such as DAP and MAP is
expected to drive volume sales of ammonia during the forecast period. However, volatility in
natural gas prices and increasing dependency on fertilizer imports are factors expected to
P e r s i s t e n c e
restraint growth of the ammonia market in Australia.
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On the basis of end use, nitric acid segment is expected to exhibit relatively strong projections by
2024 end, owing to pivotal use of nitric acid both directly and as precursor to other downstream
products. The segment is expected to continue to account for major value and volume shares in
the Australia ammonia market throughout the forecast period, to account for 46.2% by 2024 in
terms of value and expand at a CAGR of 7.9% in terms of volume during the forecast period.
Ammonium nitrate segment in the Australia ammonia market is expected to be valued at US$
172.0 Mn by 2016 end, registering 7.3% Y-o-Y growth over 2015.
Australia Ammonia Market 2016-2024
R e s e a r c h
M a r k e t
On the basis of application, industrial chemicals segment is expected to maintain its dominance
throughout the forecast period. Explosives segment is expected to register the second-highest
CAGR of 7.5% over the forecast period, to reach value of US$ 298.2 Mn by 2024 end.
Western Australia is the largest market for ammonia. The market in the region is estimated to be
valued at US$ 230.7 Bn by 2016 end. The ammonia market in New South Wales is anticipated
to expand at a significant CAGR of 7.2% in terms of value over the forecast period.
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market/toc
Key players in the Australia ammonia market include Yara International ASA, Orica Limited,
Incitec Pivot Limited, and CSBP Limited (Wesfarmers Limited). The Australia ammonia market is
highly consolidated, with limited number of ammonia manufacturers and suppliers. However,
major players in the market are focusing on expanding their production of ammonium nitrate to
cater to demand for industrial explosives from the mining industry. Increase in ammonium nitrate
production is anticipated to significantly increase demand for ammonia and nitric acid.
Browse through the full Australia Ammonia Market Report
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at http://www.persistencemarketresearch.com/market-research/australia-ammonia-market.asp
Australia Ammonia Market 2016-2024
R e s e a r c h
About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a
unique collaboration of data analytics and market research methodology to help businesses
achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary
approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying
real-time data collection, big data, and customer experience analytics, we deliver business
intelligence for organizations of all sizes.
Our offerings include pre-built reports that address every major sale, customized solutions to
M a r k e t
cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the
most complex problems of clients. We do not follow a reactive approach, but a pro-active one.
Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and
provide the latest insights into these technologies when they are being commercialized. Our
ground-breaking approach allows us to deliver market solutions before the technologies reach
the market.
Our client success stories feature a range of clients from Fortune 500 companies to fast-growing
startups. PMR’s collaborative environment is committed to building industry-specific solutions by
P e r s i s t e n c e
transforming data from multiple streams into a strategic asset.
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Australia Ammonia Market 2016-2024

Australia ammonia market was pegged at 1,324.9 KT in 2015. The market is anticipated to expand at a CAGR of 6.3% in terms of value over the forecast period (2016–2024).

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