Press release
Ammonium Nitrate Market is Set to Experience a Revolutionary Growth during 2023-2032 | Key Players: Orica, Incitec Pivot Limited, Neochim PLC, URALCHEM Holding P.L.C., San Corporation
Ammonium Nitrate Market
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Ammonium Nitrate is a pure, crystalline, water-soluble powder formed by vaporous ammonia reacting to nitric acid. The use of ammonium nitrate in gardens promotes plant growth. It is primarily used in explosives, fertilizers, freezing mixtures and nitrous oxide manufacturing. Ammonium nitrate is also a chemical commonly used in farm fertilizers, is a highly explosive compound.
Impact Factors:
• Increase in demand for explosives and fertilizers in the agricultural industry is the major driving key factor for the growth of the ammonium nitrate market.
• Low nitrogen emission and superior stability of ammonium nitrate compound, lead to the high demand for the product.
Recent Developments:
• As part of the company's expansion plan and investment in Australia, Yara today formally opened the plant in August 2016. A joint venture between Yara International ASA and Orica Limited developed the plant, which will be able to produce 330,000 tonnes of ammonium nitrate (AN) annually.
• For USD 391 million, Yara International purchased all of Apache Fertilizers Pty Ltd's shares in October 2015; Apache holds a 49% ownership stake in Yara Pilbara Holdings Pty Ltd (YPHL), which is owned by Yara International.
Segmentations Covered in the Report:
Detailed segmentation by area (country), business, type, and application are included in the Ammonium Nitrate market research analysis. The research offers comprehensive details on new products, regional investments, and market investments. The Ammonium Nitrate market research report also monitors emerging technologies and trends. The most recent market dynamics, including motivating and inhibiting factors, as well as business news like mergers and acquisitions and investments, are also included in the study. This analysis of current market trends from 2023 to 2032 is provided for each of the sub-segments.
Market Segmentation:
By Application (Fertilizers, Explosives, Others)
Regional Overview:
>>North America (the United States of America, Canada, and Mexico)
>>Asia-Pacific (Japan, China, India, Australia, Rest of Asia Pacific)
>>Europe (Germany, UK, France, Rest of Europe)
>>Central & South America (Brazil, Argentina, Rest of South America)
>>Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East & Africa)
The Key Players in this Market are: Orica, Incitec Pivot Limited, Neochim PLC, URALCHEM Holding P.L.C., San Corporation, CF Industries Holdings, Inc., EuroChem Group AG, Austin Powder Company, Vijay Gas Industry P Ltd, OSTCHEM Holding, Enaex S.A., Abu Qir Fertilizers and Chemicals Company (AFC), Yara International ASA And 25 Others.
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Reasons for Buying Ammonium Nitrate Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Ammonium Nitrate Market.
- This report helps the readers understand key product segments and their future.
- From 2015 to 2023, All Recent Developments have been covered in this Report.
The Research study can answer the following Key questions:
1. What will be the progress rate of the Ammonium Nitrate Market for the conjecture period, 2032?
2. What are the prominent factors driving the Ammonium Nitrate Market across different regions?
3. Who are the major vendors dominating the Ammonium Nitrate industry and what are their winning strategies?
4. What will be the market scope for the estimated period?
5. What are the major trends shaping the expansion of the industry in the coming years?
6. What are the challenges faced by the Ammonium Nitrate Market?
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