Ammonium Nitrate Market: Growth, Trends, and Outlook


Posted September 22, 2023 by ChemAnalystResearch

According to ChemAnalyst report, “Global Ammonium Nitrate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries
 
According to ChemAnalyst report, “Global Ammonium Nitrate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032” The Global Ammonium Nitrate market is anticipated to grow at a CAGR of 3.63% during the forecast period and reach 21 million tonnes due to major demand from the Agriculture Industry, Explosives, and Industrial application end-use industries.

Agricultural Demand: The primary driver of the ammonium nitrate market is the growing global population, necessitating increased agricultural productivity. Ammonium nitrate, as a key fertilizer, aids in achieving higher agricultural yields by providing essential nitrogen to plants, promoting healthy growth and increased crop production.

Read Full Report Here: https://www.chemanalyst.com/industry-report/ammonium-nitrate-market-525

Explosives Manufacturing: Ammonium nitrate is a key ingredient in the production of explosives, especially in the mining industry. The rising demand for explosives in mining operations for extraction and other industrial applications drives the market growth of ammonium nitrate.

Infrastructure Development: With rapid urbanization and infrastructure development, there is an increasing requirement for explosives in construction and excavation activities. Ammonium nitrate, being a critical component in the manufacturing of explosives, is in high demand to meet these infrastructure needs.

Market Trends

Sustainable Production: In recent years, sustainability has become a crucial trend in the chemicals and fertilizers sector. Manufacturers are focusing on developing more sustainable production methods for ammonium nitrate to reduce environmental impact and energy consumption during its production.

Customized Formulations: Another emerging trend is the development of customized ammonium nitrate formulations tailored to specific agricultural and industrial requirements. These formulations aim to optimize efficiency and minimize wastage.

Request Sample Report: Ammonium Nitrate Market Analysis Report

According to ChemAnalyst report, “Global Ammonium Nitrate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, Major players for Ammonium Nitrate globally are Acron Group’s Mineral Fertiliser, EuroChem Group AG, Uralchem JSC, CF INDUSTRIES HOLDINGS, INC., Abu Qir Fertilizer, PhosAgro, Fertiberia SA, Deepak Fertilisers And Petrochemicals Corporation Limited, Agroplychim AD, Nitratos del Peru, and others.

“Ammonium Nitrate is a useful chemical which is rich in nitrogen and ammonium, due to which is most widely employed to manufacture fertilizers. The growing demand of fertilizers to enhance crop yield and improve the quality of the crops is anticipated to augment the ammonium nitrate market expansion. Currently, Europe is the leading consumer of Ammonium Nitrate followed by Asia Pacific region. Owing to the rapidly growing population across the globe resulting in rising need for crops will most likely increase the demand of ammonium nitrate in the forecast period and likely to offer potential opportunities for Ammonium Nitrate market players to expand their production capacities in order to reduce demand supply gap of Ammonium Nitrate in the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us:

ChemAnalyst is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße

15a Cologne, 50823, Germany

Tel: +49-221-6505-8833
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By ChemAnalyst Research
Business Address GmbH - S-01, 2.floor, Subbelrather Straße
Country Germany
Categories Business
Tags ammonium nitrate market , chemanalyst
Last Updated September 22, 2023