Versatile Compound with Explosive Potential. This nitrogen-rich chemical is widely used as a fertilizer in agriculture for its high nutrient content. However, due to its oxidizing properties, it is also utilized in the manufacturing of explosives and blasting agents. The controlled use of ammonium nitrate is crucial to ensure safety and prevent misuse, making it a regulated and closely monitored substance.
As per the recent research conducted by a leading market insights provider FMI, the global Ammonium Nitrate market will expand at a healthy CAGR over the forecast period between 2022 and 2028. The aim of this study is to analyze key market dynamics affecting the sales of Ammonium Nitrate and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Ammonium Nitrate Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Ammonium Nitrate market.
Key Ammonium Nitrate Market Takeaways and Projections
- The U.S. will lead the North America Ammonium Nitrate market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Ammonium Nitrate market. It also profiles a list of prominent companies including Orica Limited, Enaex, Yara International ASA
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Key Segments Profiled in the Ammonium Nitrate Industry Survey
Based on application industry, ammonium nitrate market can be classified into
- Explosives
- Agriculture
- Others
Based on end-use, ammonium nitrate market can be classified into
- Nitrous Oxide Manufacture
- Military Explosives
- Commercial and Civilian Explosives and Blasting Agents
- Fertilizers
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Ammonium Nitrate market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Ammonium Nitrate market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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