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AUSTRALIA TITANIUM DIOXIDE MARKET ANALYSIS | Coherent Market Insights

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AUSTRALIA TITANIUM DIOXIDE MARKET ANALYSIS | Coherent Market Insights

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. AUSTRALIA AMMONIA MARKET ANALYSIS • Australia Ammonia Market, By Product Type (Anhydrous Ammonia, Aqueous Ammonia), By End Use (Ammonium Nitrate, Nitric Acid, Ammonium Sulphate, Urea, DAP, MAP, Others), By Application (Agrochemicals, Industrial Chemicals, Explosives, Others), and By Region (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027 • In 2018, Australia ammonia market was valued at US$ 776.1 million, in terms of revenue and 1,581.5 kilo tons in terms of volume.

  3. Drivers • Rising consumption of ammonia-based fertilizer in Australia to enhance the yield productivity to meet the growing demand for food. According to the Australian Bureau of Statistics Agricultural businesses in Western Australia continued to fertilize the largest areas of land with 19 million hectares reported in 2016-17 or 37% of Australia's total area of agricultural land fertilized. Both Western Australia and New South Wales (including the ACT) used the largest amounts of fertilizer during 2016-17 with both applying just over 1 million tons.

  4. Rising demand for household cleaning products as ammonia has excellent cleanser property and mainly used to produce household cleaning products such as window cleaners, bathroom cleaners, drain cleaners, toilet cleaners, oven cleaners, etc. Increasing disposable income of the people and improving the living of standards is another major factor expected to propel the market growth of the ammonia over the forecast period.  • Among region, Western Australia region dominated the Australia ammonia market in 2018, accounting for 34.1% share in terms of value, followed by New South Wales and Queensland, respectively.

  5. Figure 1. Australia Ammonia Market Share (%), By Region, 2018

  6. Market Restraints • High dependency of the Australia agriculture industry on imports of fertilizer products from China and other countries is projected to impact the sales of ammonia for the production of fertilizers in the region. Moreover, variation in seasonal demand for fertilizers is also projected to lower the demand for ammonia, especially in Queensland and Victoria. Hence, the aforementioned factors are presumed to hinder the market growth of Australia ammonia over the forecast period.

  7. 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 market growth over the forecast period.

  8. Market Opportunities • The rising focus of the manufacturer of the Australia ammonia market to produce green ammonia in order to promote sustainability is expected to fuel market growth. For instance, in September 2019, on behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has provided $1.9 million in funding to Queensland Nitrates Pty Ltd (QNP) to assess the feasibility of the construction and operation of a renewable ammonia plant at its existing facility near Moura in Central Queensland.

  9. Increasing focus of politicians of Australia to export solar power using ammonia is expected to fuel the market growth of the Australia ammonia market. For instance, in October 2017, Yara’s Australian unit announced plans to build a pilot plant to produce ammonia using solar power. This is a key step in Australia’s efforts to develop its economy around clean energy exports and could lead to a new system of global trade in which renewable ammonia is an energy commodity.

  10. Figure 2. Australia Ammonia Market – Opportunity Analysis

  11. Market Trends/Key Takeaways • Rising investment by the major manufacturer in Australia is expected to foster market growth over the forecast period. For instance, in October 2019, the Australian government will allocate US$ 1.93 million in financing for two studies seeking to explore the potential of using green hydrogen from wind and solar power electrolysis in the production of ammonia. Therefore, rising support of the Australian government in order to expand the application of ammonia is expected to fuel the market growth.

  12. An increasing number of partnerships in the Australia region is projected to augment market growth over the forecast period. For instance, in November 2018, Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) announced the formation of a partnership that will support the commercialization of CSIRO’s high-purity ammonia-to-hydrogen conversion technology. Therefore, the rising number of partnerships in the country is expected to fuel market growth.

  13. Figure 3. Australia Ammonia Market Share (%), By Application, 2018

  14. Competitive Section: • Company Profiles • Players active in the market are Incitec Pivot Limited, Yara International ASA, Orica Limited, and Wesfarmers Chemicals, Energy & Fertilisers

  15. Few Recent Developments • Incitec Pivot Limited • In October 2016, Incitec Pivot Limited Chairman Paul Brasher and Cornerstone Chemical CEO Greg Zoglio dedicated the US$1.025 billion production plant that includes the combined construction of Dyno Nobel’s $850 million ammonia plant with Cornerstone Chemical’s US$175 million investment in upgrades and infrastructure. • In 2015, the company set up a plant with an annual capacity of 800 KT of ammonia in Louisiana, U.S. The plant is expected to commence production by Q3 2016.

  16. REQUEST SAMPLE • DOWNLOAD PDF • REQUEST CUSTOMIZATION • TALK TO ANALYST • REFERNCE https://www.coherentmarketinsights.com/market-insight/australia-ammonia-market-3287

  17. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  18. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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