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Ammonium Nitrate Market Growth, Size, Opportunity, Share and Forecast 2019-2025
Ammonium Nitrate Market
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Mining is expected to be one of the major segments for the ammonium nitrate market. It is replacing dynamite in blasting of rock for mines and road cuts. It is due to the simple process to manufacture the explosive by ammonium nitrate. To manufacture explosives, ammonium nitrate is mixed with oil or any petroleum-based products and is ignited by a small amount of dynamite or a large blasting cap. A chemical explosive needs fuel and an oxidizer and ammonium nitrate have both of them. Ammonium nitrate as an explosive is also used by farmers in order to remove the trees and other objects from the field. It is expected that the ammonium nitrate will find a significant market as an explosive during the forecast period.
Rising mining activities with a modest rate is also expected to provide significant growth to the ammonium nitrate market. As per the report by the World Mining Congress, in 2017 the total mineral production was around 17.2 billion metric tons as compared to 15.85 billion metric tons in 2010. Asia-Pacific has the largest share in production with about 65% of global production in 2017. It is followed by North America and Europe with 14.4% and 8.5% respectively. China is the leader in mining with 23.5% in 2017 followed by the US, Russia, and Australia with 11.5%, 9.2%, and 7.3% respectively. With the increase in the adoption of ammonium nitrate as explosives, it is expected that the countries with significant mining activities will have a considerable market for ammonium nitrate during the forecast period.
A Full Report of Ammonium Nitrate Market is Available at https://www.omrglobal.com/industry-reports/ammonium-nitrate-market
Current Market trends covered in the market report
• Stringent government regulations can restrict the market growth.
• North America holds a major market share.
• Companies are using a geographical expansion strategy to remain competitive in the market.
Global Ammonium Nitrate Market Segmentation
By Application
• Fertilizers
• Explosives
• Others (Food Preservation)
By Industry
• Mining Industry
• Agriculture Industry
• Medical Industry
• Construction Industry
• Others Industry
Global Ammonium Nitrate Market – Segment by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• Abu Qir Fertilizers and Chemicals Co.
• Apache Nitrogen Products, Inc.
• Austin Powder
• Borealis AG
• CF Industries Holdings, Inc.
• CSBP Ltd.
• Deepak Fertilisers and Petrochemicals Corp. Ltd. (DFPCL)
• Enaex S.A.
• EuroChem Group AG
• Fertiberia, S.A.
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Contact Person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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