Global Ammonium Nitrate Market

 

Global ammonium nitrate market was valued at US$ XX Bn in 2019, and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding ammonium nitrate market dynamics, structure by identifying and analyzing the market segments and project the global ammonium nitrate market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in ammonium nitrate market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Ammonium nitrate, a salt of ammonia and nitric acid is a colorless and odorless chemical compound. Ammonium nitrate is found as a natural mineral (ammonia nitrate) in the driest regions of the Atacama Desert in Chile. Almost all ammonium nitrate used in the industry today is synthetically manufactured by Haber’s Process. Another method to synthetically produce ammonium nitrate crystals is through an irregular of the Odda Process.

The major driver for global ammonium nitrate market is increasing demand from the fertilizer industry, being more stable than urea and with more usage as fertilizer throughout the globe in the forecast time. The increasing demand for the product in fertilizers as a nitrogen source is expected to drive the market growth.

The demand for a high-quality crop is incrementing significantly which is boosting the consumption of fertilizers over the past few years. This has prompted the expansion and remodeling of older production facilities and building new ammonium nitrate manufacturing plant to meet the surging demand. Ammonium nitrate is also used for instant cold packs, as its dissolution in water is highly endothermic.

Another major ammonium nitrate market size driver is the growing demand of gunpowder and explosives. Numerous terrorist acts in the past few years involved the use of ammonium nitrate, which has compelled the government to revamp stern regulations towards the utilization of the product. With growing military expenditure and mining activities, the demand for explosives is expected to escalate from 2018 to 2026. Investments by the mining companies to explore new exploration sites for the minerals and valuable metals is further expected to fuel the market growth in mining applications.

Strict regulations regarding the handling of ammonium nitrate issued jointly by the US Environmental Protection Agency (EPA), Occupational Health and Safety (OSHA) will pose a threat on the market growth and expansion of the industry. It has been recorded as moderately hazardous and this will be the major restrain to the ammonium nitrate market share.

The growth of the global ammonium nitrate market is dependent on factors such as the shifting preference towards bio-based chemicals, the increasing demand for industrial explosives and blasting agents. Further, the rising consumption of ammonium nitrate at existing industrial facilities.

Europe is the major market for ammonium nitrate with over 40% of the global ammonium nitrate demand, followed by Asia Pacific and North America. Countries in Asia Pacific region are mostly agriculture dependent and will have a significant role in the market of ammonium nitrate. With growing demand of agricultural end products in China and India, the demand for fertilizer is forecast to increase from 2018 to 2026. The rising demand of mining explosives in India and China will also propel the ammonium nitrate market.

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Scope of Ammonium Nitrate Market:

Global Ammonium Nitrate Market, by Application

• Fertilizer
• Explosives
• Others
Global Ammonium Nitrate Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Ammonium Nitrate Market:

• Orica
• Enaex S.A
• CF Industries Holdings Inc.
• San Corporation
• OSTCHEM Holding Company
• EuroChem Group AG
• Austin Powder International
• Abu Qir Fertilizers Co
• Neochim PLC
• Fertiberia SA
• Uralchem JSC
• Vale Fertilizantes
• Dorogobuzh JSC

This Report Is Submitted By : Maximize Market Research Company

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