Global Ammonium Nitrate Market Size, Status and Forecast 2024 provides Market information about Manufacturers, Countries, Type and Application. This Industry report also states Company Profile, sales, Ammonium Nitrate Market revenue and price, market share, market growth and gross margin by regions.
Selbyville, DE -- (SBWIRE) -- 05/07/2019 -- Europe held the largest share among all the regions due to rising building and infrastructure activities in major European countries. Growing construction industry will further create an opportunity for the product in the region owing to its wide usage as an explosive in construction industry. Asia Pacific will also be a key region due to growing mining activities in Asian countries and proliferation of the agriculture sector in the emerging countries, which will further push the product demand across the region.
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The key factor responsible for rising fertilizer demand in agriculture sector is an excessive food demand driven by a steep rise in global population. Fertilizers enhance the crop production volume along with improving quality. Increasing usage of fertilizers in agriculture sector is also driven by the rising concerns over food safety around the world. Major usage of the product as fertilizers during the crop production is owing to its ability to slow release of nitrogen. Product demand will be driven by the shrinkage of agriculture land, increasing food consumption and rising concerns about the food safety.
The industry has been categorized according to product and end-use. High density ammonium nitrate (HDAN) is expected to have the largest share among the product segments and will grow at approximately 5.5% CAGR in the upcoming years. Owing to its non-porous structure and purified state, HDAN is used as an oxidizing agent in wet environment.
Ammonium Nitrate Market will likely surpass USD 20 billion by 2025; according to a new research report. Global ammonium nitrate market will be primarily driven by the increasing demand for fertilizers around the globe.
Based on end-user, market has been further segmented as civil construction, mining & quarrying, agriculture and others such as pyro techniques, defense, etc. Ammonium nitrate is used in manufacturing process of explosives that are used for mining applications. U.S. and China are the major countries involved in mining activities. The growth in mining activity in these countries will create further opportunities, leading to around 5% CAGR of the mining and quarrying sector.
Latin America will also increase its market share in the forecast time period owing to rising demand for the explosive products in the major countries.Fertiberia, Yara International, Ostchem, Eurochem, CF Industries Holdings, Austin Powder International, Orica are some of the key ammonium nitrate market participants.
Ammonium nitrate market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2025, for the following segments:
Ammonium Nitrate Market Product by End-user
o High density
Mining & quarrying
o Low density
Mining & quarrying
Mining & quarrying
Ammonium Nitrate Market by End-user
o Mining & quarrying
o Civil construction
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Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Ammonium nitrate Industry Insights
Chapter 4. Ammonium nitrate Market, Application by Product
Chapter 5. Ammonium nitrate Market, By End-user
Chapter 6. Ammonium nitrate Market, By Region
Chapter 7. Company Profiles
7.1.Yara International ASA
7.4.CF Industries Holdings, Inc
7.7.Austin Powder International
7.8.EuroChem Group AG
7.9.OSTCHEM Holding Company
7.13.Abu Qir Fertilizers Co
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