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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ammonium Nitrate Market Growth
Ammonium nitrate (NH4NO3) is manufactured by neutralising nitric acid (HNO3) with ammonia (NH3). Depending on the intended use, ammonium nitrate is sold in several forms. Liquid ammonium nitrate may be marketed as fertiliser, while liquid ammonium nitrate may be concentrated to produce an ammonium nitrate "melt" to be used in solids formation processes. Solid ammonium nitrate may be produced as prills, grains, granules, or crystals. According to melt concentration, produced prills could be high or low density. High-density crystals, prills, and granules are used as fertiliser whole grains are employed for the manufacture of explosives. Low-density prills can be used in fertiliser as well as explosives. Ammonium nitrate is a fast-release fertiliser, and enables plants to quickly absorb nitrate and ammonium ions for immediate metabolism. Such factors open up new ammonium nitrate market opportunities in the long run.
Ammonium Nitrate Market Report Snapshots
Ammonium Nitrate Market Growth
Ammonium Nitrate Market Trends
Ammonium Nitrate Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The ammonium nitrate market is estimated to grow at a CAGR of 3.8% between 2024 and 2032.
The major drivers of the market include the rising application of the product in explosives, fertilisers, and others, increasing demand for food, and increasing demand for ammonium nitrate in mining and quarrying activities.
The advancements in the development of high-tech explosives in the military and defence industry are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Fertilisers and explosives, among others, are the different applications of the product.
The major players in the industry are CF Fertilisers UK, Croda International Plc, Yara International ASA, Orica Limited, Maxamcorp Holding, S.L., and Sasol Limited, among others.
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