Australia Ammonia Market, by Product Type (Anhydrous Ammonia, Aqueous Ammonia), by End-use (Ammonium Nitrate, Nitric Acid, Ammonium Sulphate, Urea, DAP, MAP, Others), and by Application (Agrochemicals, Industrial Chemicals, Explosives, Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Nitrogen and hydrogen combine to form the colorless gas known as ammonia, which has a distinctively strong odor. The primary application of ammonia is as a fertilizer and for the production of other fertilizers including urea, ammonium sulphate, and ammonium phosphates. Ammonia is a significant source of nitrogen for plants. In commercial cleaning, ammonia is either utilized directly as hydroxide or indirectly. It serves as an essential raw material for manufacturing nitric acid, which is a necessary step in the production of adipic acid, toluene, ammonium nitrate, nitrobenzene, and other specialty organic compounds.
Market Dynamics
One of the key elements driving the growth of the Australian ammonia market is the rise in demand for industrial chemicals and explosives. Surging ammonium nitrate production by explosive manufacturers is propelling the demand for anhydrous ammonia and nitric acid, both resulting in growing demand for ammonia.
The demand for ammonia is also being fueled by the demand for nitrogen-rich fertilizers like Mono Ammonium Phosphate (MAP), Diammonium Phosphate (DAP), and Urea. Ammonia sales for commercial refrigeration applications are being driven by rising environmental concerns about hydro fluorocarbon emissions.
Ammonia as a refrigerant has a major disadvantage due to its toxicity because of its hygroscopic nature, it spread to most areas of the body such as eyes, throat, and nose and may lead to severe burn injuries. Moreover, ammonia as a refrigerant may cause various skin and respiratory disorders on exposure. Hence, health issues associated with the exposure of ammonia as refrigerant is expected to hinder the Australia Ammonia market growth over the forecast period.
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