Ammonium Nitrate Market Revenue, Opportunity, Forecast and Value Chain to 2023

Posted May 23, 2018 by harishsomani321

Ammonium Nitrate Market will be dominated by Asia Pacific is due to the expansion of various end-use industries such as agriculture, construction & mining
Market Synopsis:
Ammonium Nitrate is a chemical compound with chemical formula NH4NO3, commonly utilized in explosives and fertilizers. Moreover, a commercial grade of ammonium nitrate exhibits 33.5% nitrogen, all forms of which can be utilized by plants. In addition, it is widely utilized to change the explosion rate of different explosives for instance nitroglycerin in the form ammonia dynamites, or in ammonals as an oxidizing agent is considered as one of the main component of ANFO (ammonium nitrate fuel oil) an explosive which is widely utilized in many countries. Application of ammonium nitrate is widely utilized in end use industries such as construction, mining, quarry, agriculture, and others.

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Top Global Key Players:
The Top Global Key Players operating in the Ammonium Nitrate Market are:
• Orica Ltd. (Australia),
• Vijay Gas Industry Pvt. Ltd. (India),
• Fertiberia SA (Spain),
• Enaex (Chile),
• EuroChem Group AG (Switzerland),
• CF Industries Holdings, Inc.(U.S.),
• Incitec Pivot limited (Australia),
• San Corporation (China),
• Austin Powder (U.S.),
• Abu Qir Fertilizers and Chemicals Company (Egypt),
• Yara International ASA (Norway),
• OSTCHEM (Austria),
• Neochim Plc (Bulgaria),

Market Categorization:
The global Ammonium Nitrate Market is categorized on the basis of Application, End User, and Region:
On The Basis Of Application-
• Explosives,
• Fertilizers.
On The Basis Of End User:
• Construction,
• Mining,
• Quarry,
• Agriculture
On The Basis Of Region:
• Asia Pacific, Europe,
• Latin America,
• North America,
• Middle East & Africa.

Regional Analysis:
Geographically, Ammonium Nitrate Market is spanned across Five Regions in the world namely:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.
Among these, Asia Pacific is estimated to grow with the highest CAGR during the forecast period, 2017 to 2023, on account of the expansion of various end-use industries such as agriculture, construction, and mining industry among others. The demand for ammonium nitrate is predicted to surge in various countries of Asia Pacific such as Bangladesh, China, Japan, India, South Korea, Vietnam, and Malaysia on account of increasing consumer base along with favorable government regulations. Furthermore, rising construction activities, availability of inexpensive raw material, labor & land, and soberly stringent regulatory framework are some of the important factors for the regional growth of ammonium nitrate market during the assessment period.

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Last Updated May 23, 2018