Ammonium Nitrate Market in Asia Pacific Showcase Impressive Growth Rate more than 3.1% from 2019-2025 | Top Key Players Yara International, Orica, Enaex, CF Industries, Incitec Pivot Limited, Neochim PLC, Austin Powder Company, EuroChem, OSTCHEM Holding A
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The ever-growing population has created a demand-supply imbalance in case of food globally. Global population growth is likely to exceed 8 billion by 2030, which will result in the increased demand for food which in turn will increase the use of ammonium nitrate-based fertilizers. These fertilizers improve the growth, safety & quality of the crops and improves the yield. The fertilizer demand is high in Latin American and the APAC countries owing to the expansion of the agricultural lands in the regions. This in turn, will drive the ammonium nitrate market growth in the coming years.
Low-density ammonium nitrate, commonly known as LDAN is used as a cost-efficient, high-quality and effective mining explosive & blasting agent, especially with ANFO (Ammonium Nitrate/ Fuel Oil) or in emulsion-type explosives. Low-density ammonium nitrate is used as anti-caking coatings and porosity control agents. Known for the homogeneous & fast absorption of oil, free flowing properties, excellent sensitivity to shock waves, excellent stability, flexibility of usage and longevity, LDAN market is likely to grow at a CAGR of above 4% during the forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Yara International
4. CF Industries
5. Incitec Pivot Limited
6. Neochim PLC
7. Austin Powder Company
9. OSTCHEM Holding AG
10. Grupo Fertiberia
12. SAN Corp.
13. ABU QIR Fertilizers and Chemicals Industries Company
14. Deepak Fertilisers And Petrochemicals Corp. Ltd.
Ammonium nitrate solutions are cost-effective, consistent in quality and have a convenient range of temperature for long distance transportation. This product type facilitates in strict process control which results in the superior purity control and pH. It is widely used as a raw material for fertilizers and emulsion-matrix production. This product segment is likely to grow at a CAGR of around 4.5% in the coming years.
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Mining & quarrying is an important end-user segment in the ammonium nitrate market, growing at a CAGR exceeding 1.7% from 2019 to 2025. China and US are the main drivers of the mining industry. China is becoming one of the largest mining countries especially for the rare-earth commodities. Whereas the US is important whenever mining is related to oil & gas extraction and mining activities support.
Ammonium nitrate is employed in the manufacturing of the explosives used in the mining and quarrying activities. Increasing exploration activities in oil & gas sector & production in the U.S. post shell oil reserves discovery coupled with the matured oil & gas industry in the Middle-East and rising mining & quarrying activities in Asia Pacific region, especially in China & India will spur the demand for ammonium nitrate for explosives production in the coming years
Browse key industry insights spread across 250 pages with 294 market data tables & 28 figures & charts from the report, “Ammonium Nitrate Market” in detail along with the table of contents:
Key companies in the global ammonium nitrate market includes EuroChem, Yara International, Uralchem, Borealis, Ostchem, CF, Fertiberia and others. Backward integration is a major strategy used by the majority of the companies in the market to strengthen their positions along with increase their profit margins.
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