Ammonium Nitrate Market Overview
Ammonium Nitrate market size was worth USD 4.8 Billion in 2022, witnessing a CAGR of XX% during the forecast period (2022-2030), and the market is expected to hit a valuation of around USD 6.6 Billion by 2030.
Ammonium nitrate is a chemical compound with the formula NH4NO3. It is a white, crystalline solid that is highly soluble in water. It is commonly used as a fertilizer in agriculture, but can also be used as an oxidizer in certain types of fireworks and as an explosive in mining and construction. It is also used in the production of nitrous oxide (laughing gas). Ammonium nitrate can be dangerous as it is a key component in the production of ammonium nitrate fuel oil (ANFO) which is a type of explosive used in industrial and mining operations.
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|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||6.6 Billion|
|CAGR (2022-2030)||4.2 %|
|By Product||Granular Form, Powder Form|
|By Application||Fertilizers, Explosive, Others|
|By End User||Agriculture, Mining, Pharmaceutical, Defense, Others|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]|
|Key Players||Fertiberia SA, Eurochem Group, Austin Powder International, Orica, Enaex SA, CF industries Holdings, Yara International ASA, OSTCHEM Holding Company, Vale Fertilizantes, CSBP Limited|
We have conducted a 360-degree analysis of the Ammonium Nitrate market. Approaches for both primary and secondary research. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. Through a variety of market estimation and data validation procedures, the data is further collated and validated. Additionally, we have a model for internally generated data that forecasts market growth until 2030.
Ammonium Nitrate Market Segmentation Analysis:-
• Granular Form
• Powder Form
By End User:
Global Ammonium Nitrate Market Competitive Landscape:
The market research report on the Ammonium Nitrate market comprises the compilation of quantitative and qualitative evaluations of the industry position. Additionally, the in-detailed analysis of the market trends adopted by the industry players and the macroeconomic indicators influencing the value chain of businesses provide a complete outlook of market circumstances. Thus, mentioned are the major industry players that make up the consolidated market concentration–
• Fertiberia SA
• Eurochem Group
• Austin Powder International
• Enaex SA
• CF industries Holdings
• Yara International ASA
• OSTCHEM Holding Company
• Vale Fertilizantes
• CSBP Limited
With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and an all-encompassing picture of the market conditions in the projected period, the Ammonium Nitrate Market Research Report keeps a close eye on the leading competitors. It is an expertly written, in-depth study that emphasises key and secondary drivers, market share, top categories, and regional analysis. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practises.
Overview of the market for Ammonium Nitrate by region:
The market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa based on region (MEA). The North American continent is further divided into nations like the United States and Canada. Europe is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific make up the subregion of Asia Pacific. The MEA region is further separated into GCC, Turkey, South Africa, and Rest of MEA. The Latin America region is further divided into Brazil, Mexico, and Rest of Latin America.