Ammonium nitrate market in civil construction segment to see 1.5% CAGR till 2026 | Enaex S.A, Incitec Pivot Limited Inc, CF Industries Holdings, Neochim Ad, EuroChem

Ammonium nitrate is mainly used in mining & quarrying, civil constructions and agriculture activities. It is used in some pyro techniques and defense equipment. Elaborating on its mining application, ammonium nitrate pays a vital role in the manufacturing process of explosives. Estimates suggest that the mining activities segment could contribute almost 5% CAGR to the global ammonium nitrate market. Countries like China and the U.S. are majorly involved in mining activities and heavily depend upon ammonium nitrates for mining explosives.

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The civil construction segment in the ammonium nitrate market will experience a growth of over 1.5% between 2020 and 2026. The growing application of the substance in civil construction is majorly driven by its utilization as explosives in road making, tunneling, underground development, delay detonators, secondary blasting, excavation for railways, and others. Extensive infrastructure developments in developing as well as developed countries would augment product demand for its application in civil construction.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Orica Limited
2. Yara International
3. Enaex
4. Incitec Pivot Limited Inc
5. CF Industries Holdings
6. Neochim Ad
7. EuroChem
8. Austin Powder International
9. OSTCHEM Holding Company
10. Borealis
11. Fertiberia SA
12. San Corporation
13. DFPCL
14. Abu Qir Fertilizers Co
15. CSBP Limited
16. Uralchem

The Europe ammonium nitrate market is forecasted to expand at around 2.5% CAGR between 2020 and 2026. The flourishing civil construction, mining, and quarrying sectors across the region are complementing the regional industry expansion. The rapid growth in construction activities and urbanization across major economies of Eastern Europe such as Turkey, Russia, and Ukraine will generate tremendous demand for ammonium nitrate explosive in the coming years.

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Notably, the world’s largest country, Russia is observing a number of ongoing infrastructure projects such as the Siberia Power Gas Pipeline, Crimean bridge, construction of several highways, and others, which are in their completion stages. Also, on account of the substantial investments by the major countries in this region to support these infrastructure projects will generate exponential growth opportunities into the ammonium nitrate market. Turkey has planned to invest nearly US$10 billion annually in the mining and energy sectors by 2023.

The presence of numerous infrastructure projects along with major industry players will positively impact the demand for ammonium nitrate and its products in the region. Leading companies producing the compound and its various products include CSBP Limited, CF Industries Holdings, Enaex S.A, Austin Powder International, EuroChem Group AG, Fertiberia SA, OSTCHEM Holding Company, San Corporation, Yara International, and Orica Limited. These product manufacturers are extensively emphasizing on strategies including mergers, acquisitions, and geographic expansion in the long run.

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