Ammonium Nitrate Market Revenue Strategy and Business Planning Research by (2021-2027) | CF Industries Holdings, EuroChem Group AG, Uralchem Group

Report Ocean releases its latest report on the global Ammonium Nitrate Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Ammonium Nitrate Market.

The global ammonium nitrate market reached USD 15.01 billion in 2020. The market is further expected to reach USD 23.21 billion by 2027 and is projected to grow at a CAGR of 6.1% during 2021-2027 (forecast period). 

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Growth Drivers

Growing population contributes to the growth of agricultural production

The growth of agricultural production has been witnessing a rising trend in the middle and low-income countries where the population growth rate has been rising even though at a diminishing rate. Population growth has a positive effect on agricultural production, which in turn impacts fertilizer demand. Higher agricultural demand necessitates increased productivity, which can only be met through higher-yielding methods, and fertilizers act as a catalyst in such a pursuit. Ammonium nitrate, as one of the main compounds used in fertilizer production, is therefore experiencing increasing demand in the global ammonium nitrate industry.

Rising demand for convenience food around the world

The rising demand for convenience food around the world has been a major contributing factor to the growth of the ammonium nitrate market. Ammonium nitrate serves as a food protection agent, helping to protect food from internal degradation and contamination while also preserving the food's taste and flavor. Additionally, when combined with water, ammonium nitrate makes an excellent cold pack. It immediately reduces the temperature inside the package by 2 to 3 degrees Celsius.

The surge in defense expenditure propelling the market growth

According to the April 2020 report from the Stockholm International Peace Research Institute, the global military expenditure stood at USD 1,917 billion in 2019, which is estimated to be 3.6% higher than in 2018. It grew more than 7.2% over the past decade. The rising geopolitical tensions around the world have contributed to the rise in military expenditure worldwide. Because ammonium nitrate has been a major ingredient in the defense sector for the production of ammunition and as an agent in explosives, the market for this particular compound has been increasing and is expected to remain steady in the coming years.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Ammonium Nitrate Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Ammonium Nitrate Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Ammonium Nitrate Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Ammonium Nitrate Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Ammonium Nitrate Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Ammonium Nitrate Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Ammonium Nitrate Market provides insight into the factors influencing its growth. This market study breaks down the Ammonium Nitrate Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Ammonium Nitrate Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Ammonium Nitrate Market study are North America (USA, Canada), SouASA, Enaex S.A., CF Industries Holdings, EuroChem Group AG, Uralchem Group, Austin Powder International, OSTCHEM Holding Company, Fertiberia S.A., San Corporation, Incitec Pivot Limited Inc., CSBP Limited Clutch Group LLCth America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Ammonium Nitrate Market are:

Scope of the Report

The global Ammonium Nitrate Market segmentation focuses on:

By Product Type

Ø  Solid Form

Ø  Liquid Form

By Application

Ø  Fertilizers

Ø  Explosive

Ø  Food Preservation

Ø  Others

By End-User

Ø  Agriculture

Ø  Mining

Ø  Construction

Ø  Defense

Ø  Aerospace

Ø  Others

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