Ammonium Nitrate Market (By Type: Ammonium Nitrate Solid, Ammonium Nitrate Solution; By Application: Ammonium Nitrate Fertilizer, Ammonium Nitrate Explosive) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 190

The global ammonium nitrate market size is expected to reach around US$ 6,740.6 mn by 2026, growing at a CAGR of around 3% over the forecast period 2019 to 2026.

Ammonium Nitrate is high volatile compound and has its applicability in limited industry. Ammonium Nitrate is odorless crystal salt that has no color and is majorly used in fertilizers in order to enhance plant growth and ready nitrogen supply. Ammonium nitrate is produced when ammonium gas reacts with nitric acid the present chemical reaction produces intense form of ammonium nitrate that has high amount of heat. These compound are volatile it in mixed with ammonium sulfate and then provide to plants in order to reduce its unstable nature.

Market Dynamics

Major factors bolstering growth of the target market are increase in demand for ammonium nitrate from agriculture sector, coupled with rising demand for agriculture fertilizers products with ammonium nitrate content. There is a constant increase in population and with rising population there is increase in crop production yield. This is resulting in demand for fertilizers products with high ammonium nitrate content. Manufacturers are introducing new fertilizers products with ammonium nitrate content due to their benefits such as it being water soluble compound it accelerates the roost absorption process, it causes minimal change to PH level of soil which further results in better soil retention quality, and is cost-effective. In 2016 according to Food and Agriculture Organization, global consumption of three main fertilizer nutrients, nitrogen (N), phosphorus expressed as phosphate (P2O5), and potassium expressed as potash (K2O), was 186.67 Mn tonnes (N, P2O5 and K2O).

In addition, increasing spending on mining and excavation activities related to minerals and metals is resulting in demand for explosive products which is expected to in turn support the growth of the target market. Rapid industrialization and urbanization in emerging economies and growing demand for metals has resulted in various mining activities in countries such as India, and China. Ammonium nitrate is used in explosive products that are used in mining fields. According to India Brand Equity Foundation, India produces 95 minerals– 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals. India is expected to overtake Australia and the US in early 2020 to take position of the world’s second-largest coal producer.

However, there is restriction on commercial selling of ammonium nitrate due to incidence of fire and explosion, along with stringent government regulations related to product approval are some major aspects that are restraining the target market growth. In addition, direct contact with ammonium nitrate has various side effects on health which is another factor limiting its adoption.

Factors that are expected to drive the future growth of the global market are business expansion approach among major players through merger and partnerships are expected to help the company to increase the revenue and increase global presence. In 2018 Enaex S.A. acquired 70% of Cachimayo plant which is only plant producing ammonium nitrate in Peru that operated under the Gloria Group. This purchase will help the company to generate a strategic alliance with Peruvian holding company which will continue to be part of this company, in order to develop the road map, make investments and guide the growth of Industrias Cachimayo.

Global market is divided in to type, application, and region. Among the type segment ammonium nitrate solution is accounting for major share in 2018, this is due to wide applicability in agriculture sector.

Segment Analysis by Region

Asia Pacific Market is witnessing a rapid growth over the forecast period, due to high government spending on agriculture and high demand for fertilizer with ammonium nitrate. In addition, increasing partnerships between regional and international players will support the market growth in this region.

Competitive Landscape

Ammonium Nitrate is vastly competitive market due to high presence of players operating at global level. oreover, players approach towards business expansion in untapped market, coupled with new product launch will overseas partnerships will make the competition more intense.

Report coverage

Market

 Global Ammonium Nitrate Market

Analysis Period

2015 – 2026

Base Year

2018

Forecast Data

2019 – 2026

Market Stratification

Type, Application, and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Ammonium Nitrate Market (Type: Ammonium Nitrate Solution and Ammonium Nitrate Solid; Application: Ammonium Nitrate Fertilizer and Ammonium Nitrate Explosive)– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global ammonium nitrate market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global ammonium nitrate market, its type, application, end use segment and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global ammonium nitrate market size and segment markets by type, application, and geography along with the information on companies operating in the market. The ammonium nitrate market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report include Orica, Incitec Pivot Limited, Neochim PLC, URALCHEM Holding P.L.C., Enaex S.A., San Corporation, CF Industries Holdings, Inc., EuroChem Group AG, Austin Powder Company, and Vijay Gas Industry P Ltd.

Market Segmentation

Market By Type

  • Ammonium Nitrate Solid
  • Ammonium Nitrate Solution

Market By Application

  • Ammonium Nitrate Fertilizer
  • Ammonium Nitrate Explosive

Market By Region

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest if Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Meddle East & Africa


Frequently Asked Questions

Ammonium Nitrate is odorless crystal salt that has no color and is majorly used in fertilizers in order to enhance plant growth and ready nitrogen supply.

Major factors bolstering growth of the target market are increase in demand for ammonium nitrate from agriculture sector, coupled with rising demand for agriculture fertilizers products with ammonium nitrate content.

According to Acumen Research and Consulting, the global ammonium nitrate market size is expected to reach around US$ 6,740.6 Bn by 2026.

The global ammonium nitrate market size is expected to reach around US$ 6,740.6 mn by 2026, growing at a CAGR of around 3% over the forecast period 2019 to 2026.

Asia Pacific Market is witnessing a rapid growth over the forecast period, due to high government spending on agriculture and high demand for fertilizer with ammonium nitrate.

The players profiled in the report include Orica, Incitec Pivot Limited, Neochim PLC, URALCHEM Holding P.L.C., Enaex S.A., San Corporation, CF Industries Holdings, Inc., EuroChem Group AG, Austin Powder Company, and Vijay Gas Industry P Ltd.

Ammonium Nitrate Fertilizer and Ammonium Nitrate Explosive are the applications of ammonium nitrate market.

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