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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ammonium Nitrate Market Trends
A key trend of the ammonium nitrate market is the use of ammonium nitrate across several industries. Several mining, quarrying, and construction industries use ammonium nitrate as a vital component of their blasting activities. In prill form, ammonium nitrate is a basic ingredient in ammonium nitrate fuel oil (ANFO) based products, and a key element (prill as well as liquid) in a wide range of customised bulk explosive blends. Ammonium nitrate (technical grade) is commonly employed as the main raw material for the production of civil explosives. It is also of primary use in fertiliser production. Low-density ammonium nitrate explosive is widely employed in the mining industry. It is produced to be very porous to allow the rapid uptake of liquid fuel oil. The prill is covered with trace amounts of waxy anti-caking material to improve flowability and handling characteristics. Hot ammonium nitrate liquor is also used in the mining industry and thus boost the demand of ammonium nitrate globally.
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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