Global Ammonium Nitrate Market 2024-2028
Global Ammonium Nitrate Market 2024-2028
The ammonium nitrate market is forecasted to grow by USD 1281.5 mn during 2023-2028, accelerating at a CAGR of 3.68% during the forecast period. The report on the ammonium nitrate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising use of ammonium nitrate in various industrial applications, increase in demand for high-quality crops, and rapid urbanization and population growth worldwide.
Technavio's ammonium nitrate market is segmented as below:
By Application
- Fertilizer
- Explosives
- Others
By End-user
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the technological advancements in fertilizer formulation and application methods as one of the prime reasons driving the ammonium nitrate market growth during the next few years. Also, growing focus on organic and sustainable farming practices and shift toward specialty fertilizers will lead to sizable demand in the market.
The report on the ammonium nitrate market covers the following areas:
- Ammonium nitrate market sizing
- Ammonium nitrate market forecast
- Ammonium nitrate market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ammonium nitrate market vendors that include Acron Group, Austin Powder, CF Industries Holdings Inc., Deepak Fertilisers and Petrochemicals Corp. Ltd., Dyno Nobel, ENAEX S.A., EuroChem Group AG, Group DF Ltd., Hanwha Corp., Incitec Pivot Ltd., Koch Industries Inc., LSB Industries Inc, MAXAMCORP HOLDING SL, Neochim PLC, Nutrien Ltd., Orica Ltd., PJSC Togliattiazot, Sasol Ltd., Uralchem JSC, and Yara International ASA. Also, the ammonium nitrate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.