Press release
Ammonium Nitrate Market to Hit USD 38.09 Billion by 2032 with 9.24% CAGR Growth
Ammonium Nitrate Market
The global ammonium nitrate market is on a trajectory of substantial expansion, with projections indicating a rise from USD 18.78 billion in 2024 to approximately USD 38.09 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.24% during the forecast period.
๐๐ฆ๐ฆ๐จ๐ง๐ข๐ฎ๐ฆ ๐๐ข๐ญ๐ซ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Ammonium nitrate, a white, water-soluble crystalline substance, plays a pivotal role in the agriculture industry as a high-nitrogen fertilizer. Its application extends to the production of anesthetic gases, cold packs, and as a key component in commercial explosives utilized in mining and construction sectors. The escalating global population and rapid urbanization are driving the demand for food products, thereby amplifying the need for fertilizers. Consequently, the demand for ammonium nitrate is experiencing a significant surge to meet these agricultural requirements.
๐๐๐๐๐ฌ๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ซ๐ข๐ ๐ก๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/29630/
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐ผ๐ข๐ข๐ค๐ฃ๐๐ช๐ข ๐๐๐ฉ๐ง๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐ฅ๐ค๐ง๐ฉ๐ช๐ฃ๐๐ฉ๐๐๐จ ๐๐ฃ ๐๐๐๐ฉ๐ฃ๐๐ข
Vietnam's robust agricultural sector is witnessing an increased adoption of ammonium nitrate-based fertilizers to enhance crop yields. The government's initiatives to modernize agriculture and improve food security are creating lucrative opportunities for market players.
๐ผ๐ข๐ข๐ค๐ฃ๐๐ช๐ข ๐๐๐ฉ๐ง๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐ค๐ฌ๐ฉ๐ ๐๐ฃ ๐๐๐๐๐ก๐๐ฃ๐
Thailand's construction and mining industries are expanding, leading to a heightened demand for commercial explosives. Ammonium nitrate, being a primary component, is experiencing significant growth in consumption within these sectors.
๐ผ๐ข๐ข๐ค๐ฃ๐๐ช๐ข ๐๐๐ฉ๐ง๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐๐ฃ๐๐จ ๐๐ฃ ๐ ๐๐ฅ๐๐ฃ
In Japan, the focus on advanced agricultural practices and precision farming is driving the utilization of high-efficiency fertilizers, including ammonium nitrate. The trend towards sustainable agriculture is further propelling market growth.
๐ผ๐ข๐ข๐ค๐ฃ๐๐ช๐ข ๐๐๐ฉ๐ง๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐พ๐ค๐ฃ๐จ๐ค๐ก๐๐๐๐ฉ๐๐ค๐ฃ ๐๐ฃ ๐๐ค๐ช๐ฉ๐ ๐๐ค๐ง๐๐
South Korea's ammonium nitrate market is experiencing consolidation through strategic partnerships and mergers. Companies are collaborating to enhance production capacities and cater to the growing domestic demand.
๐ผ๐ข๐ข๐ค๐ฃ๐๐ช๐ข ๐๐๐ฉ๐ง๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐๐๐ฉ๐๐ค๐ฃ ๐๐ฃ ๐๐๐ฃ๐๐๐ฅ๐ค๐ง๐
Singapore is focusing on updating its safety regulations concerning the storage and transportation of ammonium nitrate. This move aims to align with international standards and ensure safe handling of the compound.
๐ผ๐ข๐ข๐ค๐ฃ๐๐ช๐ข ๐๐๐ฉ๐ง๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐ฅ๐ค๐ง๐ฉ๐ช๐ฃ๐๐ฉ๐๐๐จ ๐๐ฃ ๐ฉ๐๐ ๐๐
The United States is witnessing increased mining activities, thereby boosting the demand for ammonium nitrate-based explosives. Additionally, the agricultural sector's need for high-nitrogen fertilizers presents significant market opportunities.
๐ผ๐ข๐ข๐ค๐ฃ๐๐ช๐ข ๐๐๐ฉ๐ง๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐ค๐ฌ๐ฉ๐ ๐๐ฃ ๐พ๐๐๐ฃ๐
China's rapid industrialization and infrastructural development are propelling the demand for ammonium nitrate in explosives. Moreover, the extensive agricultural activities necessitate substantial use of ammonium nitrate fertilizers.
๐ผ๐ข๐ข๐ค๐ฃ๐๐ช๐ข ๐๐๐ฉ๐ง๐๐ฉ๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐๐ฃ๐๐จ ๐๐ฃ ๐๐ช๐ง๐ค๐ฅ๐
Europe is emphasizing the development of customized grades of ammonium nitrate to meet specific agricultural and industrial needs. The trend towards precision agriculture and sustainable farming practices is driving the demand for nitrogen-enhanced blended fertilizers, where ammonium nitrate plays a crucial role.
๐๐๐ ๐๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/29630/
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
On May 4, 2023, ๐๐ฎ๐ฌ๐ญ๐ข๐ง ๐๐จ๐ฐ๐๐๐ซ developed a lead-free primary explosive detonator, anticipating regulatory mandates for such alternatives.
On February 8, 2023, ๐๐ง๐๐๐ฑ ๐๐, an explosives and blasting services provider, selected the K-GreeN technology offered by ๐๐๐ ๐๐ง๐. for the HyEx green ammonia project in Chile, marking a significant step towards sustainable ammonia production
๐๐ฆ๐ฆ๐จ๐ง๐ข๐ฎ๐ฆ ๐๐ข๐ญ๐ซ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ ๐ท๐๐๐ ๐๐๐
1. Fertilizer
2. Explosives
3. Others
๐๐ ๐ฌ๐๐ ๐ผ๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐
1. Agriculture
2. Mining
3. Defence
4. Others
The market for ammonium nitrate is divided into segments based on its application, such as fertiliser and explosives. Fertilisers are used in the agriculture sector to increase plant growth. It has vital nutrients for plants, which help crops grow healthily. One such fertiliser is ammonium nitrate, which is used to provide plants enough nitrogen. Due to farmers' use of fertiliser to boost food production, the category is anticipated to account for over 60% of the Indian market. During the projection period, ammonium nitrate output is anticipated to rise due to the global demand for agricultural food and the need for solid ammonium nitrate for fertilisers.
๐ ๐จ๐ซ ๐ ๐ฆ๐จ๐ซ๐ ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐ฉ๐ฅ๐๐๐ฌ๐ ๐ซ๐๐๐๐ซ ๐ญ๐จ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/29630/
๐๐ฆ๐ฆ๐จ๐ง๐ข๐ฎ๐ฆ ๐๐ข๐ญ๐ซ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. Orica
2. Enaex S.A
3. CF Industries Holdings Inc.
4. San Corporation
5. OSTCHEM Holding Company
6. EuroChem Group AG
7. Austin Powder International
8. Abu Qir Fertilizers Co
9. Neochim PLC
10. Fertiberia SA
11. Uralchem JSC
12. Vale Fertilizantes
13. Dorogobuzh JSC
14. Yara International
15. Incitec Pivot Limited Inc.
16. Borealis
17. Fertiberia SA
18. DFPCL
19. CSBP Limited
20. Uralchem
๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ ๐๐ข๐ฌ๐๐ฎ๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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