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Ammonium Nitrate Market to Register Extensive Growth Via Civil Construction from End-User Segment

Author : Ronak Bora | Published Date : 2019-08-06 

Based on end-user, ammonium nitrate market has been further segmented as civil construction, mining & quarrying, agriculture and others such as pyro techniques, defense, etc. Ammonium nitrate is used in manufacturing process of explosives that are used for mining applications.

the mining & quarrying sector is a vital end-use domain for the ammonium nitrate market. Indeed, several mining, quarrying & construction industries use ammonium nitrate as an essential part for their blasting operations. Ammonium nitrate in its prill form is the primary ingredient in ANFO-based products and the key component in a full range of customized bulk explosive blends. Aided by the expansive number of drilling operations in the global oil and gas exploration sector, ammonium nitrate market share from mining & quarrying applications will register a CAGR of 1.7% over 2018-2025.

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Driven by rising product application in various end-user industries like agriculture, construction and mining & quarrying, ammonium nitrate market has registered substantial growth in recent years. A chemical component that is widely used for producing high-efficiency, nitrogen fertilizer for top-dressing winter crops and for sugar cane cultivation, ammonium nitrate indirectly helps enhance the growth, quality & safety of crops and further improve production yield. Reliable reports suggest that the global population is likely to surpass a mammoth 8 billion by 2030, which will in turn increase the demand of ammonium nitrate-based fertilizers in the years to come, given the subsequent surge in the demand for food.

U.S. and China are the major countries involved in mining activities. The growth in mining activity in these countries will create further opportunities, leading to around 5% CAGR of the mining and quarrying sector.

Speaking of the regional terrain, it is pivotal to mention that the Asia Pacific will stand as a pivotal revenue ground for the ammonium nitrate market. The growth can be aptly attributed to the fact that China is rapidly emerging as one of the largest mining countries in the world, particularly for rare-earth commodities. Increasing exploration activities in the oil & gas sector and rising mining and quarrying activities in the countries like India & China will boost the demand for ammonium nitrate for manufacturing explosives in the coming years. Furthermore, rapid growth in the agriculture sector owing to increasing development in agro-based countries will propel the APAC ammonium nitrate market share.

Ammonium nitrate market in Europe held the largest share among all the regions due to rising building and infrastructure activities in major European countries. Growing construction industry will further create an opportunity for the product in the region owing to its wide usage as an explosive in construction industry. Asia Pacific will also be a key region due to growing mining activities in Asian countries and proliferation of the agriculture sector in the emerging countries, which will further push the product demand across the region. Latin America will also increase its market share in the forecast time period owing to rising demand for the explosive products in the major countries.

Fertiberia, Yara International, Ostchem, Eurochem, CF Industries Holdings, Austin Powder International, Orica are some of the key ammonium nitrate market participants.

Glimpse of Table of Content (ToC)

Chapter 3. Ammonium Nitrate Market Insights

3.1. Ammonium Nitrate Market segmentation

3.2. Ammonium Nitrate Market size and forecast, 2014 - 2025

3.3. Ammonium Nitrate Market ecosystem analysis

3.3.1.Profit margin

3.3.2.Value addition at each stage

3.3.3.Distributor channel analysis

3.3.4.Vendor matrix

3.3.4.1.List of key raw material suppliers

3.3.4.2.List of key Ammonium nitrate manufacturers/distributors

3.3.4.3.List of key Ammonium nitrate product manufacturers/distributors

3.3.4.4.List of key/potential end-users

3.4.Raw material analysis

3.5.Innovation & sustainability

3.5.1.Patent analysis

3.5.2.Technology landscape

3.5.3.Production process

3.5.4.Future trends

3.6.Industry impact forces

3.6.1.Growth drivers

3.6.1.1.Increasing fertilizer demand in the world

3.6.1.2.Increasing food demand across the globe

3.6.2.Industry pitfalls & challenges

3.6.2.1.Availability of substitutes

3.6.2.2.Fluctuating raw material prices

3.7.Regulatory landscape

3.7.1.U.S.

3.7.2.Europe

3.7.3.Asia Pacific

3.8.Growth potential analysis

3.9.Competitive landscape, 2018

3.9.1.Company market share, 2018

3.9.2.Key stakeholders

3.9.3.Strategy dashboard

3.10.Porter’s analysis

3.10.1.Supplier power

3.10.2.Buyer power

3.10.3.Threat of new entrants

3.10.4.Threat of substitutes

3.10.5.Industry rivalry

3.11.Regional price trends

3.11.1.Cost structure analysis

3.11.1.1.R&D cost

3.11.1.2.Manufacturing & equipment cost

3.11.1.3.Raw material cost

3.11.1.4.Distribution cost

3.11.1.5.Operating cost

3.11.1.6.Miscellaneous cost

3.11.2.Price by application

3.11.3.Price by end-use

3.12.PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/ammonium-nitrate-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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