openPR Logo
Press release

Ammonium Nitrate Market to Significant Growth Foreseen by 2021

Ammonium Nitrate Market to Significant Growth Foreseen by 2021

Ammonium nitrate is a chemical compound which is solid at room temperature and atstandard pressure.It is used in agriculture as a high-nitrogen fertilizer and also used as an oxidizing agent in explosives.It is found as a natural mineral in the driest regions of the Atacama Desert in Chile.Ammonium nitrate was mined in the past however, presently the chemical is synthetically manufactured through various chemical processes.Ammonium nitrate is a main component of ANFO(ammonium nitrate fuel oil),an explosive which accounts for more than 70% of the total explosives in North America.

Get access to full summary @: http://www.persistencemarketresearch.com/market-research/ammonium-nitrate-market.asp

Ammonium nitrate has been popular in the past but hit a low in 2002 on account of the security apprehensions following the September 2001 attacks of World Trade Center and the Grand Paroisse warehouse in France.Since then stringent regulations have made the manufacturing of ammonium nitrate complex.Many countries have introduced and are implementing ammonium nitrate certification on transportation and storage of this compound.Consumption of ammonium nitrate in Western Europe has declined on account changing agricultural subsidy policies.A major chunk of the market is expected to be taken by urea as it has no major safety issues.In addition, the production of urea is economical. However, the main advantage of ammonium nitrate over urea is that it is more stable and it does not lose nitrogen to atmosphere.

Europe dominated the market in 2012 in the production of ammonium nitrate.Europe accounted for more than 40%of the total production.Countries such as Russia,the U.S.,China,Ukraine and Poland together accounted for more than 50% of the global ammonium nitrate production.

The increasing demand for industrial explosives and blasting agents is expected to drive the ammonium nitrate within the forecast period. Consumption of ammonium nitrate is expected to increase as existing facilities are being expanded, improved and rebuilt. There have been plenty of investments in upgrading older facilities to meet the demand of the consumers. ANFO which is made up of ammonium nitrate is widely used is an industrial explosive and in coal mining, civil construction and metal mining. Growth in all these mentioned industries is expected to drive the demand for ammonium market further. However,urea is less dangerous to handle and is less expensive to produce. Thus, urea is increasingly being used as a substitute to ammonium nitrate in agriculture giving ammonium nitrate market a tough competition. This is expected to act as a strong restraint for the ammonium nitrate market in the near future. Furthermore, the potential of ammonium nitrate as an explosive has led to many regulatory measures which may hamper its demand within the forecast period.Licenses for the use of ammonium nitrate are granted to only those industry applicants who have appropriate security measures to prevent any kind of misuse. Moreover, fertilizer plant explosions such as the one in Texas in 2013 coupled with bomb blast on the World Trade Center are strong examples that have compelled the government to tighten the regulations on the use of ammonium nitrate. Thus, stringent regulations on the production and use of ammonium nitrate are expected to curb the ammonium nitrate market over the next few years. Consumer switching to CAN or urea ammonium nitrate may open avenues for the ammonium nitrate market in the near future.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/4654

Major players in the ammonium nitrate market are Acron Group, Borealis, EuroChem,Incitec Pivot,SIBUR Minudobreniya, Uralchem OJSC and Yara among others.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ammonium Nitrate Market to Significant Growth Foreseen by 2021 here

News-ID: 662941 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Ammonium

Rising Demand For Agrochemicals Fuels The Ammonium Sulfate Market: Strengthening …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. What Is the Expected CAGR for the Ammonium Sulfate Market Through 2025? The market for ammonium sulfate has been experiencing robust growth in the past few years. The market is projected to increase from a value of $3.88 billion in 2024 to approximately $4.19 billion in 2025, reflecting a compound annual growth rate (CAGR)
Evolving Market Trends In The Quaternary Ammonium Compounds Industry: Innovative …
The Quaternary Ammonium Compounds Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Expected Quaternary Ammonium Compounds Market Size During the Forecast Period? The quaternary ammonium compounds market size will grow from $1.07 billion in 2024 to $1.13 billion in 2025 at a compound
Key Trends Shaping the Future Ammonium Sulfate Market From 2025-2034: Research A …
What market dynamics are playing a key role in accelerating the growth of the ammonium sulfate market? The surge in agrochemical usage is propelling growth in the ammonium sulfate market. Defined as chemicals used on agricultural terrains to augment the nutrient composition of the soil and encourage crop growth by eradicating detrimental insects, agrochemicals are increasingly being adopted by agriculturalists globally to enhance crop yield. Ammonium sulfate is the preferred agrochemical
Transforming the Quaternary Ammonium Compounds Market in 2025: Industrial Growth …
What Is the Expected Size and Growth Rate of the Quaternary Ammonium Compounds Market? There has been a robust expansion of the quaternary ammonium compounds market in the past few years. The market size is expected to rise from $1.07 billion in 2024 to $1.13 billion in 2025, registering a compound annual growth rate (CAGR) of 5.2%. The previous growth curve was primarily driven by factors such as the escalating demand
Ammonium Sulfate Market Trends, 2021-2031
Ammonium Sulfate Market: Introduction Transparency Market Research delivers key insights on the global ammonium sulfate market. In terms of revenue, the global ammonium sulfate market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global ammonium sulfate market. Read report Overview -https://www.transparencymarketresearch.com/ammonium-sulfate-market.html The emergence of biofertilizers is likely to hamper the global
Ammonium Acetate Market Industry Analysis - Ammonium Acetate Market Size Driven …
The most recent study offered by Acumen Research and Consulting focuses Ammonium Acetate Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Ammonium Acetate Market trends in order to assess its current and future potential. Our Ammonium Acetate Market analysis also provides market participants and new entrants with a comprehensive