Ammonium Nitrate Industry Analysis Report 2025: Key Opportunities and Competitive Landscape
The
global Ammonium Nitrate Market is expected to reach USD
6.18 billion by 2025, according to a new report by Grand View Research,
Inc. Superior stability and low nitrogen emission offered by the product
in crop protection chemicals is expected to drive the market growth.
 |
| Ammonium Nitrate |
At
present, stringent regulations related to transportation, storage, handling,
and usage of ammonium nitrate is forcing the manufacturers to opt out of the
market. Moreover, the profit margins are shrinking owing to rising substitutes
including urea, which further discourages the new entrants to invest in the
market which is likely to have a negative impact on the industry trend.
The
industry has several players, which are integrated across the value chain to
manufacture raw materials. Strong foothold of the existing players in the
market is expected to increase entry barrier of new players. In addition, the
rivalry between established producers is expected to increase on the account of
low product differentiation.
Rising
penetration of urea as a substitute for the product in fertilizer application
is expected to hamper the industry growth. However, the product offers the
better efficiency of nitrogen uptake and has low carbon footprints than urea,
which is likely to have a positive impact on the industry trends over the
forecast period.
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Informative Content @ https://www.grandviewresearch.com/industry-analysis/ammonium-nitrate-market/request/rs1
Further
key findings from the report suggest:
·
The demand for
the product in China was valued at USD 644 million in 2016 owing to the high
production volumes of nitrogen fertilizers in the country for domestic
applications as well as exports
·
Ammonium nitrates
in explosive application is expected to grow at a CAGR of 2.8% from 2017 to
2025, owing its rising demand from military sector for manufacturing of smart
explosives
·
Fertilizers
segment accounted for 60% of the total volume consumed in 2016 and is projected
to grow owing to dynamic growth of agricultural activities in developing
economies including Brazil, India and China
·
The market in
Asia Pacific is expected to grow at the highest CAGR of 3.9% from 2017 to 2025,
owing to rising coal and mineral mining activities across Asian countries
especially in China and India
·
Ukraine was one
of the largest consumer markets for the product in the world and is expected to
grow at a CAGR of 3.1% from 2017 to 2025, owing to high demand for the product
in fertilizers
·
As of 2016, the
major players in the industry including EuroChem Group AG, CF Industries,
Orica, and Austin Powder International hold over 35% of the world’s ammonium
nitrate production capacity
Grand
View Research has segmented the global ammonium nitrate market on the basis of
application and region:
Application
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Fertilizers
·
Explosives
·
Others
About Grand
View Research:
Grand View Research is an India & U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. Grand View
Research database is used by the world's renowned academic institutions and
Fortune 500 compnies to understand the global and regional business
environment. Our database features thousands of statistics and in-depth
analysis on 46 industries in 25 major countries worldwide.
Contact:
Grand View Research, Inc.
201 Spear Street 1100,
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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