Australia Nitric Acid Market, By Product Type (Fuming, Non-Furning), By Grade (Commercial, Specialty), By End User (Explosives, Fertilizers, Others)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Australia Nitric Acid Market, By Product Type (Fuming, Non-Furning), By Grade (Commercial, Specialty), By End User (Explosives, Fertilizers, Others)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Nitric acid is one of the important raw material that is used in the production of ammonium nitrate (AN) as well as calcium ammonium nitrate, and is used in the manufacturing of fertilizers. Nitric acid is also used in manufacturing of nitrobenzene, which is further used in production of explosives. Other major applications of nitric acid include adipic acid, nitrochlorobenzenes, and toluene diisocyanate (TDI), which are further used in the chemical industry for uranium processing, metal treatment, and precursors for many chemical compounds.

Other compounds manufactured from nitric acid include potassium nitrates and nitro phosphates that are further used in manufacturing of phosphate fertilizers. Nitric acid is available in two major forms: Fuming (90% of above concentration) and Non-fuming (Below 90%). In terms of Grade, Nitric acid is mostly available in industrial grade for chemical industries. Specialty grades are used for laboratory and pharmaceutical purpose.

Market Dynamics

Australia nitric acid production is dominated by three main manufacturers, named Orica Limited, Intec Pivot Limited, and Wesfarmers Chemicals, Energy & Fertilisers. These market players have integrated manufacturing units for manufacturing of ammonium nitrate from nitric acid, which is further utilized in manufacturing of explosives. Westfarmers Chemicals, Energy and Fertilisers expanded its nitric acid production capacity by 260 kilo tons for manufacturing ammonium nitrate that is used in fertilizers and explosive industry in 2014.

The companies in Australia are involved in development of new explosive products from ammonium nitrate. For instance, in 2015, Incitec Pivot Ltd, launched a new explosion emulsion named TITAN 9000 for reducing the blast fumes, and minimizing the air pollution caused due to mining activities.

Ammonium nitrate (AN) is also used in manufacturing of explosives and blasting agents but the governments around the world have imposed statuary regulations on the usage of ammonium nitrate as an explosive.

Rising demand for nitric acid from fertilizers industry across the globe is expected to drive the ammonium thiosulphate market growth over the forecast period. For instance, according to the FAOFood and Agriculture Organization (U.S.), the Australia demand for fertilizer nutrients including sulfur, nitrogen, potash, and phosphates raised to 200,552 Kilo tons in 2018 from 197,190 Kilo tons in 2017.

Key features of the study:

• This report provides in-depth analysis of Australia nitric acid market, market size (US$ Million and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the Australia nitric acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes Orica Limited, Intec Pivot Limited, and Wesfarmers Chemicals, Energy & Fertilisers.
• Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
• Australia nitric acid market report caters to various stakeholders in this industry including investors, suppliers, nitric acid manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Australia nitric acid market

Detailed Segmentation:

• Australia Nitric acid Market, By Product Type:
• Fuming
• Non-Fuming
• Australia Nitric acid Market, By Grade:
• Commercial
• Specialty
• Australia Nitric acid Market, By End use:
• Explosives
• Fertilizers
• Others
• Australia Nitric acid Market, By State:
• Western Australia
• Queensland
• New South Wales
• Victoria
• Rest of Australia
• Company Profiles
• Orica Limited*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Wesfarmers Chemicals, Energy & Fertilisers
• Incitec Pivot Ltd

“*” marked represents similar segmentation in other categories in the respective section.