Global Ammonium Nitrate Market – Competitive Insights, Influencing Factors, Market Size & Forecasting (2016-2028)

Ammonium nitrate is a chemical compound, the nitrate salt of the ammonium cation. It has the chemical formula NH4NO3 simplified to N2H4O3. It is a white crystal solid and is highly soluble in water. It is predominantly used in agriculture as a high-nitrogen fertilizer. Its other major use is as a component in the explosive mixture used in mining, quarrying, and civil construction. It is the major constituent of ANFO, a popular industrial explosive, which accounts for 80% of the explosives used in North America; similar formulations have been used in improvised explosive devices. Many countries are phasing out its use in consumer applications due to concerns over its potential for misuse.

Ammonium nitrate is widely used in various kinds of explosives and blasting agents due to its chemical components. India and China have been witnessing a rise in mining activities of coal, iron ore, bauxite, etc. This, in turn, is creating the demand for mining explosives, thus driving the ammonium nitrate market. Moreover, it is widely used in military explosives in the aerospace & defense sector. Ammonium nitrate is generally a white crystalline solid in nature and is non-hazardous in normal conditions. This is expected to increase its application base during the forecast period.

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The ammonium nitrate market has been segmented on the basis of type, application, and end-use industry. Fertilizers segment is expected to grow at a significant rate, as its demand in various applications is on the rise due to its low shrinkage value and excellent chemical resistance.

The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market along with identifying major segments, and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for ammonium nitrate.

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Market Segmentation:

By Type:

• Solution
• High Density
• Low Density

By Application:

• Fertilizers
• Nitrous Oxide Manufacture
• Military Explosives
• Other Explosives & Blasting Agents

By End-use Industry:

• Agriculture
• Construction
• Mining & Quarrying
• Aerospace & Defense
• Others

This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and Rest of the World.

Key Market Players:

• EuroChem
• Yara International
• OstchemCF Industries Holdings
• Uralchem
• Borealis
• Fertiberi

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About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.