PUBLISHER: Value Market Research | PRODUCT CODE: 1578286
PUBLISHER: Value Market Research | PRODUCT CODE: 1578286
The global demand for Ammonium Nitrate Market is presumed to reach the market size of nearly USD 8.9 Billion by 2032 from USD 6.33 Billion in 2023 with a CAGR of 3.85% under the study period 2024-2032.
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 research 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 an inclusive assessment of each segment in the global market of Ammonium Nitrate. The growth and trends of Ammonium Nitrate industry provide a holistic approach to this study.
Market Segmentation
This section of the Ammonium Nitrate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global Ammonium Nitrate Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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 Orica Incitec Pivot Limited, Neochim PLC, Uralchem Holding P.L.C., San Corporation, CF Industries Holdings Inc., EuroChem Group AG, Austin Powder Company, Vijay Gas Industry P Ltd, Ostchem Holding. This section consists of 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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