Global Ammonium Nitrate Market, By Type (Solution, High Density, Low Density), By Application (Ferti

Published Date: | Report Code : CH2022939

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The Ammonium Nitrate Market is expected to promise high growth owing to the increasing demand for the medical industry and also rising mining exercises and construction activities in recent years. Increasing demand from End-Use Industries including agriculture, construction, mining & quarrying, aerospace & defense, and others is expected to drive the growth of the market. 

The utilization of ammonium nitrate in the production of fertilizers and explosive materials has grown extensively over the years and taken a noteworthy share of the organic chemicals market. Ammonium nitrate has huge application in fertilizers and it has been used widely in the agriculture sector as it has components to enhance soil fertility and the crop, thus driving the market in a positive manner. The rising consumer mindfulness with respect to the advantages of ammonium nitrate is comprehensively spreading crosswise over agricultural-oriented countries such as India, Vietnam, Thailand, and China.

Segment Insights:

Ammonium nitrate is widely used in various kinds of explosives and blasting agents due to its chemical components. India and China have been witnessing a rise in mining activities for coal, iron ore, bauxite, etc., in turn creating demand for mining explosives, hence the ammonium nitrate market. Also, it is widely used in military explosives in the aerospace & defense sector. Ammonium nitrate is generally a white crystalline solid in nature and is non-hazardous in normal conditions. This is expected to increase its application base in various sectors during the forecast period.

Key Factors Impacting Market Growth:

  • Growing agriculture sector driving demand for fertilizers
  • Rising mining exercises and construction activities
  • Medical industry could fuel market growth, owing to properties of ammonium nitrate such as heat absorption, pain alleviation, etc.
  • Preferences towards bio-based chemicals

Regional Analysis:

On the basis of the region, the ammonium nitrate market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of the major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the ammonium nitrate market during the forecast period. This demand is with regards to the growth of major end-use industries agriculture, construction, mining & quarrying, aerospace & defense, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for ammonium nitrate market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the ammonium nitrate market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: EuroChem, Yara International, Ostchem, CF Industries Holdings, Uralchem, Borealis, and Fertiberi… 

Market Segmentation:

By Type:

  • Solution
  • High Density
  • Low Density

By Application:

  • Fertilizers
  • Nitrous Oxide Manufacture
  • Military Explosives
  • Other Explosives & Blasting Agents

By End-Use Industry:

  • Agriculture
  • Construction
  • Mining & Quarrying
  • Aerospace & Defense
  • Others 

By Region:

  • North America
    • By Country (US, Canada, Mexico, Rest of North America)
    • By Type
    • By Application
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application
    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the ammonium nitrate market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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