The global demand for Ammonium Nitrate Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2022-2028.
Ammonium nitrate is a salt of ammonia, and nitric acid is a colorless and almost odorless chemical compound. It is industrially usable in a crystalline solid form and can be prepared into prills for specific applications. It is soluble in water. It is commonly used to make explosives, fertilizers, and nutrients during manufacturing antibiotics and yeast. Ammonium nitrate is hygroscopic in nature and eagerly absorbs moisture from the air, so it is mainly stored in an air-conditioned warehouse or in sealed bags. It is a notable fertilizer as the nitrate form present in the compound moves promptly with soil water to the roots, where it is immediately available for the plant uptake. Further, it is utilized in food preservation as it can make an instant cold pack.
Acquiring popularity and utilization of ammonium nitrate as a fertilizer and blasting agent is likely to significantly drive the revenue growth of ammonium nitrate market. Rising demand from agriculture industry for improving soil’s nitrogen content, thus profiting in farming economy is expected to drive the demand and supply of ammonium nitrate. Ammonium nitrate has been gaining noteworthy traction across the sports industry for treating first aid injuries as the products contains heat absorption and pain alleviation properties. Medical industry is likely to create profitable growth opportunities for ammonium nitrate market with rising need for manufacturing nitrous oxide benefitting medications. However, surging consumption of urea owing to its low production cost and comparatively less harmful handling ways is expected to hinder the growth of ammonium nitrate market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of ammonium nitrate.
The report segments the ammonium nitrate market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.
By Application Industry
- Nitrous Oxide Manufacture
- Military Explosives
- Commercial and Civilian Explosives and Blasting Agents
This section covers regional segmentation which accentuates on current and future demand for ammonium nitrate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Ammonium Nitrate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ammonium nitrate market include Yara International ASA, Orica Limited, Enaex S.A, CF Industries Holdings, Inc, Incitec Pivot Limited, Neochim Ad, Austin Powder International, EuroChem Group AG, OSTCHEM Holding Company, Fertiberia SA, Borealis.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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