Global Ammonium Nitrate Market, By Application (Fertilizers, Explosives), Product (Low Density, High Density, Solution), End-User (Agriculture, Mining, Defense, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa), Industry Trends and Forecast to 2029.
Market Analysis and Insights of Ammonium Nitrate Market
Ammonium nitrate market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 4.80% in the above-mentioned forecast period.
Ammonium nitrate is basically a colorless and nearly odorless chemical compound. It is a salt of ammonia and nitric acid and can be processed into prills for specific applications and is commercially available in a crystalline solid form. Moreover, the ammonium nitrate is mostly used to make fertilizers, explosives and as a nutrient while producing antibiotics and yeast. It has a role as a fertilizer, an explosive and an oxidising agent and is an inorganic molecular entity, an ammonium salt and an inorganic nitrate salt.
The factors such as increasing population all over the globe rising construction activities along with the growing defense sector emerge as the major factor fostering the growth of the ammonium nitrate market in the forecast period of 2022 to 2029. In addition to this, the increased consumption in explosives and increasing demand for good quality food are the major factors are further estimated to cushion the growth of the market. The major advantage of the ammonium nitrate over urea is that it is more stable and it does not lose nitrogen to atmosphere which is projected to the boost the overall growth of the market. Moreover, the need for nitrogen rich fertilizers to increase the agriculture produce from limited arable land is also projected to accelerate the market’s growth within the above mentioned forecast period. On the other hand, the workplace effect on health and the stringent regulations imposed by government bodies impedes the growth of the ammonium nitrate market in the forecast period of 2022 to 2029. The volatile price of nitric acid is also expected to hamper the overall growth of the market in the forecast period.
Furthermore, the diversity of the usage of ammonium in the end user industries and the robust infrastructure development in developing economies will create lucrative opportunities for the growth of the ammonium nitrate market in the forecast period of 2022 to 2029. On the flip side, the numerous environmental regulations for storage, transport, and packaging are projected to challenge the market within the forecast period.
This ammonium nitrate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Ammonium nitrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ammonium Nitrate Market Scope and Market Size
The ammonium nitrate market is segmented on the basis of application, end user and product. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the ammonium nitrate market is segmented into fertilizers and explosives
- The ammonium nitrate market is also segmented on the basis of product into low density, high density and solution
Ammonium Nitrate Market Country Level Analysis
The ammonium nitrate market is segmented on the basis of application, end user and product.
The countries covered in the ammonium nitrate market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the ammonium nitrate market due to the rising construction activities, quarrying and the extensive demand for civil explosives within the region in the forecast period of 2022 to 2029. North America on the other hand, is expected to show lucrative growth owing to increased demand from mining, quarry, and construction sector. The U.S and Canada are among the major contributors in the regional market growth due to strong demand from the defense sector.
The country section of the ammonium nitrate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ammonium Nitrate Market Share Analysis
The ammonium nitrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ammonium nitrate market.
Some of the major players operating in the ammonium nitrate market report are Orica Limited, Incitec Pivot Fertilisers, Neochim Plc., URALCHEM JSC, CF Industries Holdings, Inc., EuroChem Group, Austin Powder, Vijay Gas Industry Pvt. Ltd., Abu Qir Fertilizers and Chemicals Company, Yara, Enaex, Incitec Pivot limited, NetComposites, OSTCHEM, Fertiberia, S.A., CSBP Limited, and DFPCL., among others.