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Ammonium Nitrate Market Growth and Regional Forecast to 2025

Superior stability and low nitrogen emission offered by the product in crop protection chemicals is expected to drive the market growth.

The Global Ammonium Nitrate Market is expected to reach USD 6.18 billion by 2025, according to a new report by Grand View Research, Inc.


At present, stringent regulations related to transportation, storage, handling, and usage of ammonium nitrate is forcing the manufacturers to opt out of the market. Moreover, the profit margins are shrinking owing to rising substitutes including urea, which further discourages the new entrants to invest in the market which is likely to have a negative impact on the industry trend.

The industry has several players, which are integrated across the value chain to manufacture raw materials. Strong foothold of the existing players in the market is expected to increase entry barrier of new players. In addition, the rivalry between established producers is expected to increase on the account of low product differentiation.

To Know More About Ammonium Nitrate Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/ammonium-nitrate-market

Rising penetration of urea as a substitute for the product in fertilizer application is expected to hamper the industry growth. However, the product offers the better efficiency of nitrogen uptake and has low carbon footprints than urea, which is likely to have a positive impact on the industry trends over the forecast period.

Top Players of Ammonium Nitrate Market:

Major players in the industry including EuroChem Group AG, CF Industries, Orica, and Austin Powder International hold over 35% of the world’s ammonium nitrate production capacity.

Market Segmentation of Ammonium Nitrate Market:

The Global Ammonium Nitrate Market Segmented on the basis of Application and Region.

By Application:

    Fertilizers
    Explosives
    Others

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

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