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Ammonium Nitrate Market Size, Application Potential, Competitive Market Share & Forecast, 2020 - 2026

Author : Ravi Chawat | Published Date : 2021-07-09 

The ammonium nitrate market is likely to register significant gains in coming years owing to increasing investment in construction & mining activities and defense & pyro techniques, and high product usage across several end-use industries such as mining, construction, agriculture and others. Ammonium nitrate is known to as a crystal-like white solid, soluble in water, substance that is largely made in huge industrial quantities.

It is commercially available as a colorless crystalline solid along with being manufactured into prills for specific applications. The chemical compound ammonium nitrate is made across the globe and is relatively inexpensive to buy. Ammonium nitrate is usually spread as small pellets and dissolves rapidly in moisture, further releasing nitrogen into the soil.

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Utilizing ammonium nitrate in large-scale agricultural fields as well as gardens improves plant growth and gives an instant supply of nitrogen from where plants can draw nutrients. Ammonium nitrate based- fertilizer is a very easy compound to make and is formed when ammonia gas reacts with nitric acid. The possible chemical reaction creates a concentrated form of ammonium nitrate, producing exceptional amounts of heat.

Apart from its use in fertilizers, the chemical compound ammonium nitrate is also used in various construction and industrial settings. Ammonium nitrate is explosive and is used in quarry work, for demolition and mining activities. Exposure to fire is meant to cause a long as well as large explosion. Further, preservation of food is another application use of the chemical compound.

Ammonium nitrate makes a brilliant cold pack when one bag of compound and one bag of water are united. Temperatures seem to drop to 2-3 degrees Celsius quickly. It is also used as nutrient for producing yeast and antibiotics in food industry. Ammonium nitrate owing to its powerful properties has also been utilized by armies across the globe as an explosive.

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The ammonium nitrate market is divided into different segments in terms of product, end-user, and regional landscape.

In terms of end-user, the overall ammonium nitrate market is categorized into civil construction, mining & quarrying, agriculture, and others. Among these, the other segment will grow at a respectable CAGR of more than 3.5% over the forecast time period. This anticipated growth is ascribed to the increasing investment in defense & pyro techniques.

From a regional frame of reference, the Middle East & Africa region will grow with a CAGR of around 4% through the forthcoming time period. The region is expected to witness a substantial business trend owing to increasing investment in construction & mining activities.

Browse More News:

https://www.globenewswire.com/fr/news-release/2019/07/11/1881190/0/en/Bleached-Linter-Cellulose-Market-to-cross-USD-1300-Million-by-2025-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2019/07/04/1878142/0/en/Dill-Seed-Oil-Market-to-hit-1-95bn-by-2025-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2020/01/14/1970133/0/en/The-Compressor-Oil-Market-Size-to-Hit-6-5-billion-by-2025-Says-Global-Market-Insights-Inc.html

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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