Australia Market Study on Ammonia: Increasing Consumption in Nitric Acid Production to Drive Growth by 2024


  • Published On : Aug-2016 |
  • Pages : 77 Pages |
  • Format :

This Persistence Market Research (PMR) report analyzes the ammonia market in Australia. This study provides data for 2015 along with that for the forecast period (2016–2024). The main objective of the report is to identify opportunities in the market and provide recent updates and insights affecting various segments of the Australia ammonia market.

To understand and assess opportunities in this market, the report is categorically divided into four sections namely, by product type, end-use, application, and region. By application, the market is segmented into ammonium nitrate, nitric acid, ammonium sulphate, urea, diammonium phosphate (DAP), monoammonium phosphate (MAP) and others. The report provides analysis of the austalia ammonia market in terms of market volume (Kilo Tonnes) and market value (US$ Mn). By product type, the market is segmented into anhydrous ammonia and aqua ammonia.

The report provides detailed insights about the Australia ammonia market performance in terms of value and volume. The report also includes PMR’s analysis of drivers and restraints influencing the market. Key trends in the market are also included in the report to provide clients with specific decision-making insights.

The subsequent sections analyze Australia ammonia market on the basis of product type, end -use, application, and region, and presents a forecast for the period 2016–2024. The market is segmented as follows:

By Product Type

  • Anhydrous Ammonia
  • Aqua Ammonia

By End- Use

  • Ammonium Nitrate
  • Nitric Acid
  • Ammonium Sulphate
  • Urea
  • Diammonium Phosphate (DAP)
  • Monoammonium Phosphate (MAP)
  • Others

By Application

  • Agrochemicals
  • Industrial Chemicals
  • Explosives
  • Others

By Region

  • New South Wales
  • Victoria
  • Queensland
  • Western Australia
  • Rest of Australia

To deduce market size, the report considered various viewpoints based on secondary research. Furthermore, data points such as regional split and market split by product type and application and qualitative inputs from industry experts have been taken into consideration to arrive at suitable market estimates. The forecast presented in the report evaluates the actual revenue generated and expected revenue in the Australia ammonia market over the forecast period. 

When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to grow during the forecast period. Given the characteristics of the market, PMR triangulates the data on the basis of various analysis based on both supply side and demand side, and dynamics of the Australia ammonia market. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them at the end of the forecast period.

In an ever-fluctuating economy, we not only conduct forecasts in terms of CAGR, but also evaluate on the basis of key parameters such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and identify growth opportunities for players.

Another key feature of this report is the analysis of Australia ammonia market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked, while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the Australia ammonia market.  

To understand key segments in terms of their growth and performance in the Australia ammonia market, Persistence Market Research has developed a market attractiveness index. The resulting index would help providers identify existing market opportunities.

In the final section of the report, the competitive landscape is included to provide a dashboard view of ammonia manufacturers. The report also comprises strategic recommendations to capitalize on growth opportunities in the market and provides company profiles of some of the major players. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Ammonia, a compound of nitrogen and hydrogen, is a colourless gas with a characteristically pungent smell. It is used in manufacture of major chemicals. Ammonia is a major source of nitrogen nutrient and is mainly used as fertilizer as well as for manufacture of other fertilizers such as urea, ammonium sulphate, and ammonium phosphates. Ammonia is either directly (as hydroxide) or indirectly used in commercial cleaning. It is also used as a critical feedstock for the manufacture of nitric acid, an important precursor for products such as calcium nitrate, ammonium nitrate, nitrobenzene, toluene, adipic acid, and other speciality organic compounds.

In terms of volume, the 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).

Increasing demand for industrial chemicals and explosives is one of the major factors boosting growth of the Australia ammonia market. Increasing ammonium nitrate production by explosives manufacturers is driving demand for nitric acid and anhydrous ammonia, both resulting in increasing demand for ammonia. Demand for nitrogen-rich fertilizers such as DAP, MAP, and urea is also fueling demand for ammonia. Also, increasing environmental emissions concern regarding hydrofluorocarbon is driving volume sales of ammonia for commercial refrigeration application. However, fluctuating natural gas prices and increasing fertilizer imports are expected to hamper growth of the Australia ammonia market to a certain extent.

Trends in the Australia ammonia market include expansion of ammonium nitrates production capacities by various manufacturers and increasing adoption of ammonia-based refrigeration systems.

On the basis of product type, the Australia ammonia market has been segmented into anhydrous ammonia and aqua ammonia. Anhydrous ammonia segment accounted for 96.8% value share in the Australia ammonia market in 2015 and is expected to retain its dominance throughout the forecast period. It is also anticipated to be the fastest growing segment during the forecast period, exhibiting a value CAGR of 6.4% over the same period.

australia-ammonia-market

On the basis of application, the Australia ammonia market is segmented into ammonium nitrate, nitric acid, ammonium sulphate, urea, DAP, MAP, and others. Nitric acid segment is expected to expand at the highest CAGR over the forecast period, followed by ammonium nitrate. Nitric acid segment is anticipated to account for major market share in terms of value and retain its dominance throughout the forecast period. This is mainly attributed to increasing consumption of nitric acid for the manufacture of other downstream products.

Key Regions

On the basis of region, the Australia ammonia market has been segmented into New South Wales, Victoria, Queensland, Western Australia, and rest of Australia. Western Australia dominated the market with over 33.8% of the overall Australia ammonia market share in terms of value in 2015. The market in New South Wales accounted for the second-highest share of 28.4% in 2015 and is anticipated to expand at the highest CAGR in terms of both value and volume over the forecast period.

Key Players

Some of the key players identified in the Australia ammonia market are Yara International ASA, Orica Limited, Incitec Pivot Limited, and CSBP Limted (Wesfarmers Limited).

Company Highlights

  • Orica Limited
  • Yara Pilbara Holdings Pty Ltd.
  • Incitec Pivot Ltd.
  • CSBP Limited (Wesfarmers)
  • Other

 

 

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