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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Increase in Fertiliser Demand to Bolster the Growth of the Calcium Ammonium Nitrate Industry Globally
The major factor driving the calcium ammonium nitrate industry growth is an increase in fertiliser demand from the agricultural sector. During the forecast era, main factors such as the rising global population and rising food demand are expected to drive the demand for calcium ammonium nitrate. The various applications of calcium ammonium nitrate, such as its use as a fertiliser in enhancing soil fertility and increasing production potential as well as its use as a low-scale explosive in underdeveloped countries such as Afghanistan, Pakistan, and others, are expected to propel the calcium ammonium nitrate industry over the forecast period. Meanwhile, the market in developing regions is expected to grow due to rapid economic growth and a thriving agricultural sector.
Calcium Ammonium Nitrate Market Report Snapshots
Calcium Ammonium Nitrate Market Size
Calcium Ammonium Nitrate Market Growth
Calcium Ammonium Nitrate Companies
*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 market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The major drivers of the market include the rising global population, increasing production potential, rapid economic growth, and the thriving agricultural sector.
An increase in fertiliser demand from the agricultural sector and rising food demand are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on application, the market is classified into fertiliser and explosive.
The major players in the industry are Yara International ASA, EuroChem Group, Achema AB, Origin Fertilizers (UK) Limited, and Fertinagro India Pvt. Ltd., among others.
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