#Ammonium #Nitrate #Market #Worth #USD #Billion
New York, USA, Oct. 11, 2022 (GLOBE NEWSWIRE) — Ammonium Nitrate Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Ammonium Nitrate Market Information by Application, End-User, and Region – Forecast till 2027”, the market is estimated to grow at a 6.33% CAGR to reach USD 25.17 Billion by 2027.
Market Synopsis
Ammonium nitrate can be described as a chemical compound with extensive use in the agriculture industry, where it acts as a nitrogen fertilizer. It is a crystalline, odorless white compound with high solubility in water that can be processed into flakes. It also finds use as a nutrient in the manufacturing of yeast and antibiotics.
Ammonium nitrate is produced by a synthetic process and is generally kept in air conditioner warehouses for storage. It is available in powder and granular form. Granular ammonium nitrate can also be used as a blasting agent since it has significant absorption properties. It finds use as an explosive and sees substantial demand.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2027 | USD 25.17 Billion |
| CAGR | 6.33% (2021–2027) |
| Base Year | 2020 |
| Forecast Period | 2021–2027 |
| Historical Data | 2019 |
| Forecast Units | Value (Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Application, End-User, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Expanding development exercises, rising utilization in explosives, developing safeguard area, and others. |
| Coal utilization has expanded for energy creation which has expanded the mining exercises across the globe. |
Market Competitive Landscape:
The important vendors in the ammonium nitrate industry are
- Orica, Enaex S.A
- CF Industries Holdings Inc.
- San Corporation
- OSTCHEM Holding Company
- EuroChem Group AG
- Austin Powder…
Read on GNW: Ammonium Nitrate Market Worth USD 25.17 Billion by 2027 at
