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Ammonium nitrate, a salt of ammonia and nitric acid, having a chemical formula of (NH4NO3), is a white crystalline solid at room temperature. The high solubility in water and hygroscopic nature of ammonium nitrate easily absorbs moisture from the atmosphere. The high nitrogen content in ammonium nitrate, owing to the dual nitrogen sources, including ammonia (NH3) and nitric acid (HNO3), makes it useful to increase crop yield and fulfill the growing demand for food across the globe. Furthermore, ammonium nitrate poses risks in terms of safety owing to its potential for explosion when subjected to high temperatures or stored improperly. Ammonium nitrate may undergo chemical decomposition and release toxic gases, including ammonia and nitrogen oxides, which results in hazardous health and environmental effects. However, this explosive property of ammonium nitrate creates a high potential for the compound to be used in the rapidly growing mining & construction sector. In addition, the robust research and development (R&D) activities being carried out to reduce the hazardness of ammonium nitrate are creating a lucrative scope for the global ammonium nitrate market.
Regional Insights
Europe, the Middle East, and the African region's ammonium nitrate market are proliferating owing to the presence of major producers and exporters of ammonium nitrate and the growing usage of ammonium-nitrate-based fertilizers in agricultural lands. Moreover, government standards for handling, manufacturing, and exporting ammonium nitrate in the region have made the ammonium nitrate market in EMEA more competitive and standardized. The major presence of emerging economies in the Asia-Pacific region with growing construction sector investments and significant agricultural activities drives the ammonium nitrate requirement. The American government and regulatory organizations are continuously investing to support fertilizer production to address rising costs. The ongoing mining activities in the Americas are further expected to increase the usage of ammonium nitrate in the coming years.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Ammonium Nitrate Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ammonium Nitrate Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Ammonium Nitrate Market, highlighting leading vendors and their innovative profiles. These include Abu Qir Fertilizers and Chemical Industries Company, Austin Powder Company, CF Industries Holdings, Inc., CSBP Limited, CVR Partners, LP, Deepak Fertilisers And Petrochemicals Corporation Ltd., Enaex S.A., EPC Groupe, Eurochem Group AG, Fertiberia, S.A., GFS Chemicals, Inc., GROUP DF, Incitec Pivot Limited, Koch Industries, Inc., KUMPULAN SAINTIFIK F.E. SDN BHD, LARSEN & TOUBRO LIMITED, MaxamCorp Holding, S.L., Merck KGaA, Neochim PLC, Noah Chemicals, Inc., Orica Limited, PhosAgro Group of Companies, San Corporation, Sasol Limited, Sumitomo Chemical Co., Ltd., URALCHEM JSC, Vaisala Oyj, and Yara International ASA.Market Segmentation & Coverage
This research report categorizes the Ammonium Nitrate Market to forecast the revenues and analyze trends in each of the following sub-markets:- Form
- Granular
- Powder
- Application
- Explosives
- Fertilizers
- End-User
- Agriculture
- Civil & Commercial Explosives
- Military Explosives
- Mining & Quarrying
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- Arizona
- California
- Colorado
- Florida
- Illinois
- Massachusetts
- Michigan
- Nevada
- Ohio
- Oregon
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Ammonium Nitrate Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ammonium Nitrate Market?
- What are the technology trends and regulatory frameworks in the Ammonium Nitrate Market?
- What is the market share of the leading vendors in the Ammonium Nitrate Market?
- Which modes and strategic moves are suitable for entering the Ammonium Nitrate Market?
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Table of Contents
Companies Mentioned
- Abu Qir Fertilizers and Chemical Industries Company
- Austin Powder Company
- CF Industries Holdings, Inc.
- CSBP Limited
- CVR Partners, LP
- Deepak Fertilisers And Petrochemicals Corporation Ltd.
- Enaex S.A.
- EPC Groupe
- Eurochem Group AG
- Fertiberia, S.A.
- GFS Chemicals, Inc.
- GROUP DF
- Incitec Pivot Limited
- Koch Industries, Inc.
- KUMPULAN SAINTIFIK F.E. SDN BHD
- LARSEN & TOUBRO LIMITED
- MaxamCorp Holding, S.L.
- Merck KGaA
- Neochim PLC
- Noah Chemicals, Inc.
- Orica Limited
- PhosAgro Group of Companies
- San Corporation
- Sasol Limited
- Sumitomo Chemical Co., Ltd.
- URALCHEM JSC
- Vaisala Oyj
- Yara International ASA
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 185 |
Published | March 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 16.3 Billion |
Forecasted Market Value ( USD | $ 22.38 Billion |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |
No. of Companies Mentioned | 28 |