Australia Ammonia Market is Anticipated to Witness High Growth Owing to Increasing Usage in the Agricultural Industry
The Australia ammonia market includes several benefits such as being widely used as a fertilizer to provide nitrogen to plants and increase crop yields. Ammonia is commonly used in the agricultural sector for fertilizers production which enables supply for large volumes of food. It is an essential raw material for commercial fertilizers that are extensively utilized in Australia's agriculture industry. Ammonia's unique Nitrogen content provides crops with the nutrients essential for growth. The farming sector is a key industry in Australia, accounting for around 2-3% of the country's GDP. Therefore, rising demand for fertilizers from the agriculture industry is anticipated to propel the Australia ammonia market. The Global 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 are Incitec Pivot Limited, Yar...