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AMMONIUM NITRATE MARKET Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats.

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Presentation on theme: "AMMONIUM NITRATE MARKET Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats."— Presentation transcript:

1 AMMONIUM NITRATE MARKET 2018- 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2 www.marketresearchfuture.com2 AMMONIUM NITRATE MARKET Overview: Ammonium Nitrate is a chemical compound with chemical formula NH4NO3, commonly utilized in explosives and fertilizers. Moreover, a commercial grade of ammonium nitrate exhibits 33.5% nitrogen, all forms of which can be utilized by plants. In addition, it is widely utilized to change the explosion rate of different explosives for instance nitroglycerin in the form ammonia dynamites, or in ammonals as an oxidizing agent is considered as one of the main component of ANFO (ammonium nitrate fuel oil) an explosive which is widely utilized in many countries. Application of ammonium nitrate is widely utilized in end use industries such as construction, mining, quarry, agriculture, and others. Some of the prominent factors that positively influence the growth of the ammonium nitrate market are increasing population, continuous growth of agriculture sector, and increasing mining activities in emerging economies. Moreover, rising demand for industrial explosives and blasting agents is estimated to propel the growth of the market over the assessment period. Furthermore, in recent years, increase in construction sector observed on account of expansion and rebuilding of infrastructure projects has led to propel the consumption of ammonium nitrate. Moreover, increasing population along with the demand for high-quality crop has resulted in increased consumption of fertilizer which in turn is estimated to drive the demand for ammonium nitrate over the assessment period. However, stringent regulations associated with the import and export of ammonium nitrate and its usage by industries is estimated to hamper the growth of the market. Ammonium Nitrate Market : Overview, Regional Analysis, Segmentation, Key Players And Forecasts to 2023

3 www.marketresearchfuture.com3 AMMONIUM NITRATE MARKET The Global Ammonium Nitrate Market Share By Application (2016), (%): ( Source: MRFR Analysis )

4 www.marketresearchfuture.com 4 AMMONIUM NITRATE MARKET Regional Analysis: Geographically, Ammonium Nitrate Market is spanned across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, Middle East & Africa. Among these, Asia Pacific is estimated to grow with the highest CAGR during the forecast period, 2017 to 2023, on account of the expansion of various end-use industries such as agriculture, construction, and mining industry among others. The demand for ammonium nitrate is predicted to surge in various countries of Asia Pacific such as Bangladesh, China, Japan, India, South Korea, Vietnam, and Malaysia on account of increasing consumer base along with favorable government regulations. Furthermore, rising construction activities, availability of inexpensive raw material, labor & land, and soberly stringent regulatory framework are some of the important factors for the regional growth of ammonium nitrate market during the assessment period. Europe has emerged as the largest market for ammonium nitrate followed by Asia Pacific and North America. Europe is estimated to witness a steady growth in ammonium nitrate market due to strong consumer base for various end-use industries combined with the rising investments to revitalize construction sector over the forecast period. European countries such as the Germany, Russia, and France have emerged as the major contributors in the regional ammonium nitrate market growth and is estimated to continue their dominance over the forecast period on account of wide utilization of ammonium nitrate in explosive and fertilizer applications.

5 www.marketresearchfuture.com5 Browse Report @ https://www.marketresearchfuture.com/reports/ammonium-nitrate-market-5259https://www.marketresearchfuture.com/reports/ammonium-nitrate-market-5259 North America market is estimated to witness a moderate growth due to increased demand from mining, quarry, and construction sector. The U.S and Canada are among the major contributors in the regional market growth due to strong demand from the defense sector. Latin American countries such as Mexico, Brazil, Argentina, and Guatemala are expected to register average growth due to rising demand for ammonium nitrate-based fertilizer from agriculture. The Middle Eastern and African countries such as Qatar, Oman, Saudi Arabia, and the United Arab Emirates (UAE) are expected to witness strong demand on account of burgeoning demand from the mining sector.

6 www.marketresearchfuture.com6 AMMONIUM NITRATE MARKET Segmentation: The Global Ammonium Nitrate Market is segmented on the basis of: Application End user On The Basis Of Application- the market is categorized into explosives, fertilizers, and others. Among these, the fertilizer sub-segment accounted for more than 56% market share in 2016 on account of growing need of ammonium nitrate-based fertilizer to meet the growing demand for food. Furthermore, rising demand for maize, barley, and various food used to manufacture biofuel is estimated to enhance the demand for fertilizer further which is likely to drive the market growth. On The Basis Of The End User- the market is segmented into construction, mining, quarry, agriculture, and others. Among them, the mining and quarry sub-segments together was reported to hold the largest share in 2016 and is estimated to grow with a healthy CAGR on account of rising mining activities across the globe. Furthermore, huge expenditure by the mining companies to explore new exploration sites for numerous metals and minerals is estimated to drive the growth of the market in the mining segment. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5259https://www.marketresearchfuture.com/sample_request/5259

7 www.marketresearchfuture.com7 AMMONIUM NITRATE MARKET Key Players: The Top Key Players operating in the Ammonium Nitrate Market are: Orica Ltd. (Australia), Vijay Gas Industry Pvt. Ltd. (India), Fertiberia SA (Spain), Enaex (Chile), EuroChem Group AG (Switzerland), CF Industries Holdings, Inc.(U.S.), Incitec Pivot limited (Australia), San Corporation (China), Austin Powder (U.S.), Abu Qir Fertilizers and Chemicals Company (Egypt), Yara International ASA (Norway), OSTCHEM (Austria), Neochim Plc (Bulgaria), URALCHEM JSC (Russia)

8 www.marketresearchfuture.com8 ABOUT US MARKET RESEARCH FUTURE: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous- Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.comwww.marketresearchfuture.cominfo@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.

9 www.marketresearchfuture.com9 MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK)


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