Global Ammonium Nitrate Market to Reach USD 24.29 billion by 2028

According to the latest research by SkyQuest Technology, the Global Ammonium Nitrate Market was valued at USD 15.53 billion in 2021, and it is expected to reach USD 24.29 billion by 2028, with a CAGR of 6.6% during the forecast period of 2022 - 2028. The research provides up-to-date Ammonium nitrate market analysis of the current market landscape, latest trends, drivers, and overall market environment.

A white crystalline solid chemical substance made of ammonium and nitrate ions is known as ammonium nitrate. Due to its abundant source of nitrogen, it is frequently utilized as fertilizer. Ammonium nitrate can aggressively break down at high temperatures, which makes it useful as an explosive in the mining sector. Additionally, this substance is widely employed in food storage procedures due to its great hygroscopic character. Fertilizers containing nitrogen are frequently used in farming to promote crop development.
The segment is predicted to develop due to the rising demand for the chemical as a source of nitrogen in fertilizers. Additionally, the substance is popular as an oxidant in the production of explosives, which is predicted to boost industrial expansion.

Get Detailed Information Here:
https://skyquestt.com/report/ammonium-nitrate-market

Read Market Research Report, "Global Ammonium Nitrate Market By Product (High Density, Low Density), Application (Fertilizers, Explosives, Others), and Region -Forecast and Analysis 2022-2028" by SkyQuest

In 2021, Asia Pacific had the largest share of the worldwide market, and it is projected that it will continue to keep that position during the projected timeline. The majority of the economies in the Asia Pacific area are farming, which is projected to increase the requirement for ammonium nitrate in the area's fertilizer industry. Higher nutritional demand is caused by the growing world population, particularly in China and India, and is then met by a concentration on modern agricultural techniques including hydroponic and rotating crops, as well as agro-forestry- forestry techniques. The market for ammonium nitrate is estimated to be significantly influenced by this during the projected period.

The global ammonium nitrate market is anticipated to experience moderate expansion in North America over the coming years. Due to rising interest for explosives used in defense as well as the rising need for ammonium nitrate fuel, there is a huge market for ammonium nitrate. One of the factors driving this area's growth is an increase in farming activity brought on by the region's increased use of fertilizers over the projection period. Although Canada's fertilizer business has recently seen expansion, the US still serves as the region's main agricultural market.

Click Here to Download and Understand Latest Key Trends:
https://skyquestt.com/sample-request/ammonium-nitrate-market

A large number of customers and producers make the market fairly challenging. Leading players constantly engage in Research and development projects, capacity expansion, and regional coverage through a variety of techniques to provide their clients with top-notch outcomes. The threat from new companies is likely to be reduced by the large initial investment in plants like dryers, screeners, and recycle-slurry mixers combined with narrow profitability, which will reduce industry competition over the projected period. For instancs, Ammonium nitrate, according to Enaex, is a premium blasting agent that is made specifically for explosive mixes. Additionally, it has a high potential to absorb oil.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Ammonium nitrate Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings
● Drivers- The global ammonium nitrate demand in emerging economies has been significantly rising as a result of the usage of ammonium nitrate in fertilizers to boost the production of different farming goods and crops.
● Restraint- Additionally listed as a fairly harmful chemical is ammonium nitrate. Due to these reasons, the market is being challenged by the state's rigorous restrictions on the management, storing, shipping, and use of ammonium nitrate.

Speak with our analyst for more information:
https://skyquestt.com/speak-with-analyst/ammonium-nitrate-market

What does this Report Deliver?
● Market Estimation for 20+ Countries
● Ammonium Nitrate Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional and Country specific Ammonium Nitrate Market Trends
● Comprehensive Mapping of Ammonium Nitrate Industry Parameters
● Attractive Investment Proposition in the Global Ammonium Nitrate Industry
● Competitive Strategies Adopted by Ammonium Nitrate Market Key Players
● Drivers, Restraints, Opportunities, Challenges and the impact on the Ammonium Nitrate Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Ammonium nitrate market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities and Growth
● Porter's five force analysis to know the market's condition
● Pricing Analysis and Ammonium nitrate Market Sales
● Parent market analysis
● Product portfolio benchmarking
SkyQuest has segmented the Global Ammonium Nitrate Market based on Product, Application, and Region:
● Global Ammonium Nitrate Market by Product (Revenue, US$ billion, 2021 - 2028)
o High Density
o Low Density

● Global Ammonium Nitrate Market by Application (Revenue, US$ billion, 2021 - 2028)
o Fertilizers
o Explosives
o Others

● Global Ammonium Nitrate Market by Region (Revenue, US$ billion, 2021 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Latin America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA

Key Players in the Global Ammonium nitrate Market
● Enaex (Chile)
● EuroChem Group AG (Switzerland)
● CF Industries Holdings Inc.(US)
● Incitec Pivot limited (Australia)
● Neochim Plc (Bulgaria)
● URALCHEM JSC (Russia)
● San Corporation (China)
● Austin Powder (US)
● Abu Qir Fertilizers and Chemicals Company (Egypt)
● Yara International ASA (Norway)
● OSTCHEM (Austria)

View Related Reports:
https://www.digitaljournal.com/pr/the-global-scented-candles-market-size-is-expected-to-reach-a-value-of-us-24-30-billion-by-2028-at-a-cagr-of-16-39-over-the-forecast-period-2022-2028/

https://www.digitaljournal.com/pr/the-global-scented-candles-market-size-is-expected-to-reach-a-value-of-us-24-30-billion-by-2028-at-a-cagr-of-16-39-over-the-forecast-period-2022-2028/

https://www.digitaljournal.com/pr/global-toothpaste-market-to-reach-usd-40-75-billion-by-2028/

USA1 Apache Way, Westford, Massachusetts 01886

SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals

This release was published on openPR.