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

The Global Australia Ammonia Market growth is driven by growing use in fertilizers

The Australia ammonia market has been growing at a steady pace owing to increasing demand from the agricultural sector. Ammonia is an essential raw material that is used in the production of various nitrogen fertilizers such as urea, ammonium nitrate, and monoammonium phosphate, among others. Nitrogen fertilizers play a vital role in enhancing crop yield and quality. As the agricultural sector is one of the key industries in Australia, there has been considerable demand for fertilizers to increase the production of major crops including wheat, maize, barley, and fruits & vegetables. According to studies, around 75% of the total ammonia produced in Australia is consumed by the fertilizer industry.
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 leading producers and distributors of fertilizers, ammonium nitrate, and industrial chemicals in Australia. Yara International ASA is a major supplier of plant nutrition and has a strong presence across the fertilizer value chain in Australia.

The demand for ammonia in Australia has been increasing over the years owing to the rising requirement for nitrogen-based fertilizers from the agricultural sector. According to estimates, approximately 80% of farmers in the country use nitrogen fertilizers to boost productivity. The growing population has also been elevating the need for food, auguring well for the fertilizer market.

Further, Australian companies have been expanding their ammonia operations globally. For instance, Incitec Pivot acquired the Phosphate Hill mine and upgrading project in QLD to strengthe