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  • Ammonium Nitrate Market | 2021-26

    Ammonium Nitrate Market | 2021-26

    Ammonium Nitrate Market | 2021-26
    Report code - SR1242 Delivery - 2 Weeks
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    Ammonium Nitrate Market Size, Share, Trend, Forecast, & Industry Analysis – 2021 See more...

    Market Insights

    Ammonium Nitrate Market is likely to witness a CAGR of 4.3% during the forecast period. Increasing demand to produce adequate food coupled with growing concerns of arable land across the globe and rapid growth in population has continuously encouraged the adoption of quality fertilizers to secure the food demand, which in turn, is driving the growth of the market for ammonium nitrate. Rising population and increasing income in the emerging economies are driving the world food demand. Furthermore, the agriculture sector has witnessed tremendous changes over the years as farmers are focusing on increasing the crop production across the globe. Limitations of total arable land across the world will considerably enhance the use of fertilizers, thus eventually boosting the ammonium nitrate market growth over the forecast period.

    Ammonium Nitrate Market – Snapshot

    Growth

    4.3% for the next five years

    Major Product Type

    High Density Ammonium Nitrate (HDAN)

    Dominant End-User Type

    Agriculture

    Region with the highest demand

    Europe

    Key Players

    Austin Powder Company, CF Industries Holdings, Inc..., Enaex S.A, EuroChem Group AG, Fertiberia SA, Incitec Pivot Ltd, Neochim AD., Orica Ltd., OSTCHEM Holding, Yara International ASA.

     

    What is Ammonium Nitrate?

    Ammonium nitrate, chemically known as NH4NO3, is a chemical compound. Made up of ammonium and nitrate ions, it is a white crystalline substance. Owing to its high source of nitrogen, it is commonly used as a fertilizer. At an elevated temperature, ammonium nitrate can be decomposed violently, leading to its application as an explosive in the mining industry. Furthermore, on account of its remarkable hygroscopic nature, the chemical compound is largely used in various food preservation applications.

    Segments Analysis

    Ammonium-Nitrate-Market-Dominant-Segments

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    Product Type:

    • The market is segmented as High-Density Ammonium Nitrate (HDAN), Low Density Ammonium Nitrate (LDAN), and Ammonium Nitrate solution.
    • High-Density Ammonium Nitrate (HDAN) led the market in 2020, and is estimated to maintain its vanguard during the forecast period as well.
    • The segment’s growth is owing to the product being mainly used as an oxidizing agent in the agriculture industry.
    • The rapidly growing demand for HDAN in agricultural applications on account of the increasing crop yield, improving fertility of soil types, controlling growth of vegetation mass, and increasing gluten & protein content in grains will fuel the overall ammonium nitrate market over the forecast period.
    • Also, High-Density Ammonium Nitrate (HDAN) being low porous, can be transformed into the melt form to produce water gels or emulsion explosives.

    End-User Type:

    • The market is segmented as agriculture, mining & quarrying, civil construction, and others.
    • The agriculture sector captured the largest share of the market in 2020.
    • The segment is expected to continue its dominance during the forecast period as well, owing to the increasing product usage as fertilizers, which are majorly applied on plants or soils to improve yield, fertility, and plant growth.
    • Factors including need for improving the crop production rate to meet the ever-increasing food demand across the globe along with government initiatives & programs to create awareness about the use of fertilizers among farmers will significantly contribute to the growth of the market in the coming years.

    Region Analysis

    • Europe is estimated to lead the ammonium nitrate market during the forecast period.
    • The region’s growth is driven by countries, including Germany, the UK, France, and Italy, which have a matured agriculture industry.
    • As per the European Environment Agency, grassland and cropland together account for 39% of Europe’s land cover.
    • Furthermore, government initiatives and programs to enhance the use of fertilizers in the agriculture sector will augment the demand for ammonium nitrate in the region.
    • North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Ammonium-Nitrate-Market-By-Region

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Ammonium Nitrate Market Research Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The ammonium nitrate market is segmented into the following categories.

    Ammonium Nitrate Market Size, Share, & Forecast, by Product Type:

    • High Density Ammonium Nitrate (HDAN) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Low Density Ammonium Nitrate (LDAN) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ammonium Nitrate Solution (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ammonium Nitrate Market Size, Share, & Forecast, by End-User Type:

    • Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mining & Quarrying (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Civil Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Ammonium Nitrate Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Ammonium-Nitrate-Market-Segmentation

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    Key Players

    Some of the key players in the ammonium nitrate market are-

    • Austin Powder Company
    • CF Industries Holdings, Inc.
    • Enaex S.A
    • EuroChem Group AG
    • Fertiberia SA
    • Incitec Pivot Ltd
    • Neochim AD.
    • Orica Ltd.
    • OSTCHEM Holding
    • Yara International ASA.  

    Research Methodology

    • This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
    • More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
    • We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The ammonium nitrate market is expected to witness an impressive growth of 4.3% CAGR in the foreseeable future.

    Austin Powder Company, CF Industries Holdings, Inc., Enaex S.A, EuroChem Group AG, Fertiberia SA, Incitec Pivot Ltd, Neochim AD., Orica Ltd., OSTCHEM Holding, Yara International ASA are among the key players in the ammonium nitrate market.

    High-Density Ammonium Nitrate is expected to maintain its vanguard in the ammonium nitrate market in the coming years.

    The agriculture sector is expected to remain dominant in the ammonium nitrate market during the next five years.

    Europe is expected to lead the ammonium nitrate market during the next five years.

    Increasing demand to produce adequate food coupled with growing concerns of arable land across the globe and rapid growth in population are the factors driving the growth of ammonium nitrate market.

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