Global Ammonium Nitrate Market 2018-2022

Global Ammonium Nitrate Industry Overview

Nitrogen-based fertilizers are classified as ammonium nitrate fertilizers, ammoniacal fertilizers, nitrate fertilizers, and amide fertilizers. Of all the nitrogenous fertilizers, ammonium nitrate fertilizers are the most commonly used nitrogenous fertilizers and had a market value of more than USD 96 billion in 2017. There has been an increase in agricultural activities across the globe. As per a study, the value added by agriculture around the world was estimated to be USD 3.176 trillion in 2016. The increase in value added by agricultural development is driving demand for nitrogenous fertilizers in the market. In addition, the increasing demand for nitrogen-based fertilizers for plants will drive the demand for ammonium nitrate which will, in turn, spur growth in the ammonium nitrate market throughout the forecast period.

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Companies covered

The ammonium nitrate market is concentrated since the market has few companies that offer various products. The market is currently in its growth phase. This ammonium nitrate industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.  

The report offers a complete analysis of ammonium nitrate manufacturers including –

• CF Industries
• EuroChem
• LSB Industries
• Nutrien
• The Mosaic Company
• Yara

Ammonium nitrate market growth based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the EMEA will constitute the maximum share of this ammonium nitrate market throughout the predicted period. However, APAC will register the highest growth rate in the market owing to demand for fertilizers in developing countries such as India and China.

Ammonium nitrate market growth based on application

• Fertilizers
• Explosives

According to our market research experts, the fertilizers will account for the maximum growth of the market. The growth in this segment is attributed to the increasing ammonium nitrate demand to produce nitrogen-based fertilizers. The report provides an accurate prediction of the contribution of the various application segments in the growth of the ammonium nitrate market size.

Key highlights of the global ammonium nitrate market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the ammonium nitrate market during the next five years
• Precise estimation of the global ammonium nitrate market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the ammonium nitrate industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of ammonium nitrate manufacturers

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global ammonium nitrate market and its stakeholders over the forecast years.

Technavio’s ammonium nitrate analysis identifies how the performance of other related markets in the vertical will impact ammonium nitrate market size till 2022. Some of the markets most likely to influence the growth of the ammonium nitrate market over the coming years are the agrochemicals market and the controlled-release fertilizer market.

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