The new report by Expert Market Research titled, ‘Global Ammonium Nitrate Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global ammonium nitrate market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/ammonium-nitrate-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 8%

The rising application of ammonium nitrate in the fertiliser sector, owing to the thriving agriculture industry, increasing population, and global increase in the demand for food, is anticipated to be a major driving factor in the market. In addition to this, the expansion of the construction and healthcare industries is anticipated to propel the demand for ammonium nitrate as it is an essential component in building structures and drugs packaged in aerosols. In terms of region, North America accounts for a significant share in the market owing to the rising military and defence expenditure in the United States of America and Canada.

Industry Definition and Major Segments

Ammonium nitrate is defined as a white or grey colored solid which has a trigonal crystal structure and is majorly used in the manufacturing of fertilisers and explosives. The friction and shock sensitivity of the product is extremely low is usually produced by reacting nitric acid with vaporous ammonia. The key end use industries of the product include military and defence, and agriculture, among others.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/ammonium-nitrate-market

By application, the market can be segmented into:

• Fertilisers
• Explosives
• Others

The regional markets for ammonium nitrate include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The rapid development of chemical plants and the technological advancements in the major end use industries of ammonium nitrate are anticipated to be the key market trends in the forecast period. In addition to this, the increasing military and defence expenditure, which is leading to the rapid development of explosives and ammunition, is likely to propel the demand for the product in the forecast period.

Key Market Players

The major players in the market are CF Fertilisers UK, Croda International Plc, Yara International ASA, Orica Limited Maxamcorp Holding, S.L., and Sasol Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person:- Shira Ellis, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.