#Ammonium Nitrate Market

[marketsreport]

The global ammonium nitrate market size reached US$ 17.0 billion in 2023. Looking ahead, IMARC Group projects the market to grow to US$ 23.9 billion by 2032, with a compound annual growth rate (CAGR) of 3.85% from 2024 to 2032. Key factors driving this growth include significant expansion in the agriculture sector, widespread adoption in the mining industry, and extensive research and development (R&D) activities.

[ilmemcmi]

Ammonium Nitrate Market is Witness High Growth Owing to Increasing Use in Fertilizers

Ammonium nitrate is an inorganic chemical compound majorly used as a fertilizer for agricultural applications. As a fertilizer, it provides nitrogen, one of the essential nutrients required for healthy plant growth and development. Ammonium nitrate has a high concentration of nitrogen, around 33-35%, enabling farmers to apply lower volumes and get excellent yields. It is soluble in water and dissipates gradually in soil, ensuring a steady supply of nitrogen for an extended period. Ammonium nitrate is predominantly used as a nitrogen-rich fertilizer for cotton, wheat, corn, sugarcane, rice, and other crops. The increasing global population has surged the demand for food, driving the need for improving agricultural productivity through fertilizers.

The Global ammonium nitrate market is estimated to be valued at US$ 21.18 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the ammonium nitrate market are BASF SE, Clariant International Limited, DIC Corporation, Huntsman International LLC, Tronox, Inc, Rockwood Holdings, Inc., Lanxess AG, Atlanta AG, Ferro Corporation. And Merck. BASF is one of the leading producers and suppliers of ammonium nitrate globally. The company offers a wide range of Ammonium Nitrate Market Growth grades for various applications. The growing demand for explosives from construction and mining industries presents substantial growth opportunities for ammonium nitrate manufacturers. Ammonium nitrate is widely used as a blasting explosive in quarrying, mining, and tunneling due to its high combustion energy and stability. The ammonium nitrate market players are focused on expanding their manufacturing facilities in key emerging regions. For instance, Tronox inaugurated a new ammonium nitrate prilling facility in Botswana in 2021. Uralchem also started commercial production of ammonium nitrate at a new plant in Kazakhstan in 2022. Such investments will help companies cater to the growing fertilizer demand and gain a competitive edge in developing markets. Market Drivers: - Rising global food demand driven by the increasing population is a key factor propelling the use of ammonium nitrate fertilizers. It is estimated that the global population will reach around 9 billion by 2050 from the current 7.7 billion, triggering higher agricultural output. - Growth in infrastructure development and mining & quarrying industries worldwide augmented the consumption of ammonium nitrate as an explosive. Mega-projects such as high-speed rail networks, dams, roads, and urban infrastructure require large volumes of ammonium nitrate for construction activities. Market Restrain: - Stringent regulations regarding the production, transportation, handling, and use of ammonium nitrate due to its explosive properties act as a major restraint. Minor violations can attract heavy penalties from regulatory bodies. This has compelled manufacturers to incur higher compliance costs. - Fluctuations in natural gas prices, a key raw material for ammonium nitrate production, add to the overall cost of production. Around 80-90% of the total manufacturing cost is spent on procuring natural gas. Thus, volatile natural gas prices can squeeze the margins of ammonium nitrate producers.

Segment Analysis

The Ammonium Nitrate market has two key segments - Fertilizer and Explosive. The fertilizer segment dominates the market owing to ammonium nitrate's widespread use as a fertilizer. Ammonium nitrate is the most commonly used nitrogen fertilizer globally due to its affordability and high nitrogen content. It releases nitrogen slowly and supports plant growth for an extended period. The fertilizer segment accounts for over 70% of the total ammonium nitrate demand. The explosive segment is the next major segment of ammonium nitrate market. Ammonium nitrate is used as an oxidizing agent in the production of commercial and civil explosives. It is mixed with fuel oils to produce ammonium nitrate fuel oil (ANFO) blasting explosive. Demand from construction, mining and quarrying industries drive the explosive segment's growth. While fertilizer usage is widespread, demand from explosive applications is concentrated in mining countries. Regional Analysis

The Asia Pacific region dominates the global ammonium nitrate market with a share of over 40%, followed by North America and Europe. China is the leading producer and consumer of ammonium nitrate due to large scale fertilizer manufacturing and also mining industries. Both fertilizer and explosive applications contribute to the region's largest market share. North America is another major region owing to developed mining industry in the US. Europe has witnessed relatively slower growth while Middle East & Africa is expected to emerge as a high growth region in the coming years, led by infrastructure development and mineral exploration activities.

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About Author:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/

[kirancmi]

Ammonium Nitrate Is Estimated To Witness High Growth Owing To Rising Demand From Agriculture Sector

Ammonium nitrate is an inorganic compound with the chemical formula NH4NO3. It is a white crystal solid and finds its major end-use application as a fertilizer in the agriculture industry. Being a highly efficient source of nitrogen, ammonium nitrate enhances crop yields leading to higher agricultural production. It is produced on an industrial scale and used as a high nitrogen fertilizer.

The global ammonium nitrate market is estimated to be valued at US$ 21.18 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The ammonium nitrate market is expected to witness high growth owing to rising demand from the agriculture sector. Ammonium nitrate supplies plants with a readily available source of nitrogen which is an essential nutrient for plant growth. With the growing global population, there is increased pressure on the agricultural industry to boost crop productivity to ensure food security. Ammonium nitrate effectively addresses this need by enhancing crop yields. Additionally, initiatives by governments worldwide to promote the usage of in the farm sector are also augmenting market growth. However, stringent regulations pertaining to the safe production, transportation, and storage of ammonium nitrate may hamper market expansion. SWOT Analysis Strength: Ammonium nitrate is widely used as a fertilizer to boost crop yields which is driving its demand. It is a cost-effective fertilizer and helps improve soil quality. Chemically, ammonium nitrate is very stable under normal conditions. Weakness: Ammonium nitrate is considered dangerous when not handled carefully as it is highly explosive. Strict regulations are in place for its transportation and storage which increases costs. Improper storage may lead to explosions like the 2015 Tianjin blasts in China. Opportunity: Rising global population is increasing food demand. More fertilizer use is needed to grow crops at a larger scale to meet this rising demand. The agriculture industry is expected to further boost ammonium nitrate consumption. New applications in construction and mining industries can open new growth avenues. Threats: Stringent environmental and safety norms may hike production costs. Alternative are being developed which can substitute ammonium nitrate to some extent. Trade disputes or geopolitical tensions can disrupt supply chains. Key Takeaways The global ammonium nitrate market growth is expected to witness high growth over the forecast period supported by rising food demand and industrial applications. The agriculture industry accounts for the bulk of ammonium nitrate consumption currently where it is used as a nitrogen-rich fertilizer. The global ammonium nitrate market is estimated to be valued at US$ 21.18 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.

Asia Pacific currently dominates the market owing to large fertilizer and explosives consumption in China, India, and other developing countries. The region's annual fertilizer usage is over 50 million tons and this dependence on ammonium nitrate is unlikely to reduce significantly. Key players

 operating in the ammonium nitrate market are BASF SE, Clariant International Limited, DIC Corporation, Huntsman International LLC, Tronox, Inc, Rockwood Holdings, Inc., Lanxess AG, Atlanta AG, Ferro Corporation. These companies are focusing on capacity expansion, product innovation and geographic expansion to strengthen their market position. Strategic partnerships are also being forged to gain access to new markets. The industry is fairly consolidated with the top five companies accounting for over 50% of the global supply.

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[creativeera]

The Industrial Explosives Market is trending towards Sustainable Production

The industrial explosives market comprises explosives that are used for numerous blasting applications across industries such as mining, construction, and oil & gas. These explosives are employed for drilling, mining excavation applications, and road construction activities. Some common industrial explosives include ammonium nitrate explosives, nitroglycerin based explosives, dynamite, and slurry explosives. Modern day industrial explosives are engineered to maximize productivity by delivering optimized blasting designs that reduce costs and minimize environmental impact. The Global Industrial Explosives Market is estimated to be valued at US$ 8.48 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the industrial explosives are Orica Limited, Irish Industrial Explosives Limited, Dyno Nobel Pty Limited/ Incitec Pivot Ltd., NOF Corporation, AEL Mining Services Ltd. / AECI Group, EURENCO, Enaex S.A., Austin Powder Holdings Company, Maxamcorp Holding S.L., and Exsa S.A. The growing Industrial Explosives Market Demand from mining and infrastructure development activities is fueling the growth of the industrial explosives market. Rapid industrialization and urbanization in emerging economies are propelling the need for metals and minerals, thereby driving the consumption of industrial explosives in mining applications. Geographical expansion into newer markets through strategic partnerships and collaborations allows key players to capitalize on growth opportunities. Market leaders are focusing on enhancing their global distribution networks and production footprints to cater to the rising demand. Market Key Trends One of the major trends gaining traction in the industrial explosives market is the shift towards more sustainable production practices. Stringent environmental regulations regarding mining operations are prompting manufacturers to develop eco-friendly explosives with reduced nitrogen and greenhouse gas emissions. Companies are investing in renewable energy integration and emission control technologies to optimize the environmental footprint of their operations. The adoption of digitalization and automation is also helping players enhance safety, reduce wastage, and streamline production processes.

Porter's Analysis Threat of new entrants: New companies can enter the industrial explosives market easily as the barriers to entry are moderate. However, establishing brand value and distribution channels take significant time and resources. Bargaining power of buyers: Buyers have moderate bargaining power in the industrial explosives market. There are a few established players producing industrial explosives globally. However, buyers can negotiate on price and quality requirements. Bargaining power of suppliers: Suppliers have low to moderate bargaining power owing to the availability of substitute raw materials and less differentiation in raw materials. However, suppliers of critical raw materials may exert some bargaining power. Threat of new substitutes: Threat of substitution is moderate as alternatives like mechanical fragmentations and hydraulic fracturing are available but not as efficient and economical as industrial explosives for large-scale applications. Competitive rivalry: The industrial explosives market sees high competition due to the presence of numerous global and regional players. Players compete based on product quality, reliability, pricing, and technical expertise. Geographical regions: North America held the largest share of the industrial explosives market in 2024 owing to major mining industries in the US and Canada. The Asia Pacific region is also one of the major consumers and is expected to grow at the fastest pace during the forecast period due to the rising mining and infrastructure activities in China and India. The Middle East and Africa region are growing steadily due to increasing mining and oil & gas exploration activities. Countries like Saudi Arabia, South Africa, UAE, and Nigeria are driving the demand for industrial explosives in this region.

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Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

[writing-ro]

TF Rare Pairing Fest Day 1: Underworld

And I'm back at it with @tfrarepairing 's TF Rare Pairing Fest! And in this past year, I've seen Beast Wars and fell in love with it. This fic might not technically fit the fest's rules, but this idea hit me like a train and I had to write it. Based on the myth of Orpheus & Eurydice, I hope to write a longer, more fleshed out version later on.

Ship: Dinobot/Rattrap

Also on: [AO3] [FFN]

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It was a long shot, but frankly, Rattrap had nothing to lose at this point. 

After the team returned to Cybertron and were properly processed - not praised for dealing with the Preds or punished for losing so many of the crew, which was probably the best outcome they could hope for, since the Council didn’t really believe their story of saving the timeline from being erased - Rattrap tried to go back to his old life. He hopped from mine to mine as a demolitions expert, he hit the bars and the armor-optional clubs, he even started something with a botanist returning from her own exploration mission (a successful one, unlike the Axalon’s), though it didn’t last long. He kept in contact with the rest of the crew - Cheetor back in classes, Primal and Rhinox out on another distant colony, Silverbolt and Blackarachnia doing the newlywed thing. They were all doing well for themselves. 

But no matter what he did, he could not get Dinobot out of his processor. 

He didn’t know why the stinking Pred kept popping into his datatracks, but it seemed no matter how often he shut them down, memories or random thoughts would pop up. 

He’d be making a parts order and start to make a comment about the price of ammonium nitrate, only to realize Dinobot wouldn’t be able to give a snide reply. 

He’d walk through a market and spot a stand selling Earth junk, and wander over to look for any Shakespeare files, then walk away empty handed when he remembered Dinobot wouldn’t be able to read it. 

He’d spend a night with Botanica, smooth curves and many hands and soft nothings, and then dream about sharp claws and pointed teeth and caustic commands. There was a reason their thing didn’t last long. 

He didn’t know why he missed the big lizard. They didn’t even know each other for that long, especially by their race’s standards, and their thing - their relationship, there he admitted it - was even shorter. Then the noble idiot went and got himself killed, saving the future, and there hadn’t even been time for a proper goodbye (not around the others, even if they’d known or guessed) and he was gone. 

Then there had been the core, that shining hope to get him back. And it worked, for a moment, and Rattrap could hold and kiss the mech he loved, even in that weird boney body Megatron had crafted. And then, just as fast, he was gone again, and all Rattrap had was honoring his sacrifices by stopping Megatron. 

Then that was done, and no matter what he did, he couldn’t heal the ache in his spark. 

He never would have hit on this stupid, insane idea if not for a mech he met at a bar. The mech who sat next to him - Mindwipe, he’d called himself - started speaking of auras and seances, and three Mood Whiplashs in, Rattrap agreed to try one, certain nothing would come of it. 

But no, he heard it, felt it, smelt it. Dinobot - the real him, not the two-bit knockoff - was in that room, for that short time. He called him a sentimental fool and Rattrap called him an emotionally constipated lizard, and it was almost like old times. Then the seance ended and he was gone, and Rattrap had to know how to get him back. 

Mindwipe didn’t have a solution in his subspace, but he did share the stories he’d heard. Mechs who wandered down to the core of Cybertron and met with Primus, and if he found their wish true, it would be granted. Old legends, older than the Great War, but it was enough of a scrap to hold onto. 

And so, Rattrap returned to Cybertron. He gathered supplies, and left some messages for the others. If he wasn’t back in a month to cancel them, they’d know where he’d gone and what he’d done. Then he found a closed off passage to the first sublevel of Cybertron, and down he went. 

It was a dangerous journey, with collapsing caverns, space slugs, mutant cybertronians, and he swore he hadn’t had this many near-death experiences even on Earth. He was filthy, hungry after losing half his supplies to a stampede of slugs, and almost losing hope, when he literally fell into what he was looking for. 

The wall he had leaned against for a rest collapsed, and the sudden brightness as he tumbled out blinded him for a few minutes. Once he finally cleared his vision, however, he just knew he was in the right place. 

The walls were brightly lit, almost gleaming silver, and ahead was a door, twice the size of an Autobot, making Rattrap feel simply miniscule. Etchings covered it, most in Old Cybertronian that he had no hope of reading, but also images. An old bot with a long beard, a weird looking key, and in the center, Optimus Prime holding the Matrix of Leadership. 

Newly energized, Rattrap pushed himself to his feet and ran for the doors. He expected needing to pull them open, but once he got within a few feet of them, they opened on their own. He channeled his inner rat and squeezed through as soon as he could get his shoulders through, and found himself staring up at something he had only heard legends of. 

In the silver chamber, Vector Sigma was a bright, gleaming gold, light shining and reflecting off its many facets. The voice of Primus, some said, and the progenitor of all Cybertronian sparks, said others. Right now, it was his ticket to getting Dinobot back. 

He called out for Primus, and got the old bot from the door etching. He asked Rattrap why Dinobot should be brought back, and he poured his spark out. How it wasn’t fair that Dinobot wouldn’t get to enjoy the future he had saved. That there wasn’t a more honorable Maximal or Predacon out there. That Rattrap loved him, and he wouldn’t be leaving without him. 

The old bot turned to Vector Sigma, and had a silent conversation for several minutes, before raising his hands. A purple flash, and a spark hovered in them. He told Rattrap that a path to the surface would be formed for him, and Dinobot’s spark would follow. If Rattrap could reach the surface without looking back, then Dinobot would be restored his frame. If Rattrap looked back, however, Dinobot would remain in the Well of AllSparks. 

Rattrap accepted, changing to beast mode, and taking off like a shot once the doors opened. The hall outside was lit up, a line of blue lights guiding his path upward. He went as fast as he could, and as he went he spoke to Dinobot. Told him about what happened after his death, how they had to save the timestream, Blackarachnia joining the team, the deal with the clone (and several self-aware jokes of Megatron not being able to let Dinobot go). Depth Charge and Tigerhawk, and Megatron becoming a dragon, and the whole deal with the Nemesis. Returning home and trying to move on. 

As he spoke, he almost thought he could hear Dinobot’s commentary, scathing, caustic, sarcastic, but also honest and almost embarrassed at times when Rattrap brought up missing him. But as he got closer to the surface, he started to wonder, and doubt. What if this was just some trick? What if Dinobot’s responses were all in his head, created by a spark full of hope? How did he know…

He slowed to a stop, he couldn’t look over his shoulders in beast mode. He transformed, catching himself on the wall as his low energon levels made themselves known again. He rubbed his head, and started to turn-

You foolish rodent! The exit is just ahead!

Rattrap’s head snapped ahead, and yes, the lights led to an open door, almost shining with light, and he grinned. He tried to run ahead, but stumbled, so he just walked, leaning on the wall the whole way. Impossibly, that last little stretch seemed to take longer than any of the rest of the journey, and when he finally reached the exit, and pushed himself off the jam, he collapsed face-first to the ground. He couldn’t even pick himself up, or push himself onto his arms. 

Luckily, someone else was able to do so, and he looked up into the face he’d been dreaming of. Dinobot had a scowl, but Rattrap knew this one. This was the “you���re an idiot, but your my idiot” scowl. 

“I don’t know whether to call you insane or idiotic.”

Rattrap smiled, and managed to reach a hand into Dinobot’s arm. “How about you just call me yours, and we call it good.”

Dinobot rolled his optics, but his scowl softened to a smile, and when he lifted Rattrap into his arms, he didn’t stop him from pulling him into a kiss. The first kiss of the rest of their lives.

[research-related-blogs]

Mining Explosives Market- Market Drivers, Future Forecast

Growing mining explosions are foreseen to increase mining explosives market share in the coming decade. Large-scale mining activities in Asia Pacific regions growing immensely to boost demand for mining explosives. Emulsion explosives are being utilized by the mining sector more and more because they are safe to carry and store.

Mining explosives are blasting agents made of an emulsifying agent-suspended, supersaturated solution of tiny ammonium nitrate droplets suspended in oil. Using these explosives for blasting has grown quite popular since they are safer than premade explosives, water-resistant, and emit fewer pollutants.

Mining explosives are made from high-quality raw materials and strongly emphasize on safety of mining operations. The high cost of raw materials is challenging to the growth of this market. Mining explosives are explored for fragmentation capacities, improved safety, and reduced vibrations can help to increase productivity by optimizing blasting operations. Mining operations are subject to regulations, licenses, and monitoring programs that hinder market expansion. 

High-end industries such as aerospace and automotive industries are likely to bolster the growth of the mining explosives market. Automotive players seeking more R&D in metals are anticipated to give traction of growth to industrial mining. Further, it fosters demand for mining explosives.

[global-research-report]

Sodium Nitrate Market: Applications, Innovations, and Growth Drivers

The global sodium nitrate market size is expected to reach USD 167.7 million by 2030, and is expected to expand at 5.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Industry growth is majorly driven by the rising usage of sodium nitrate in fertilizers, wherein, it provides the plants with a water-soluble form of nitrogen without altering the pH level of the soil, thus promoting the growth of plants. Additionally, it is used in explosives, food & beverages, pharmaceuticals, chemicals, and others.

The increasing processed variety in the food & beverage industry, due to rising demand for convenience foods has resulted in increased demand for sodium nitrate. It is used as a preservative and color fixative in poultry, ham, sausages, and cured meats thus, controlling lipid oxidation, providing distinctive flavor, and acting as an anti-micro bacterial agent.

Nitric acid manufactured from nitrogen dioxide and ammonia is subject to intense supply and price volatility in the global sodium nitrate industry. The fluctuations in the supply and price of the aforementioned raw materials are expected to affect the prices of sodium nitrate over the forecast period. The spread of the pandemic has crippled economies worldwide and impacted the supply chains across different industries.

The production and consumption of sodium nitrate are highly influenced by its usage in the end-use industries thus, with the shutting down of economies the end-use industries have also come to a halt affecting the demand for the product market. However, food & beverage being an essential industry witnessed growth even during the pandemic resulting in the positive growth of sodium nitrate.

Sodium Nitrate Market Report Highlights

The global market is estimated to advance with a compounded annual growth rate (CAGR) of 5.9% from 2023 to 2030. This is attributed to the increased usage of the product in explosives, fertilizers, chemicals, and the food & beverage industry

It is used majorly in plants such as sugarcane, wheat, corn, and soybean as it provides the crops with essential nitrogen nutrients by supplying them with water-soluble nitrogen without altering the pH of the soil

Central & South America dominated the global market in 2022 with a revenue share of over 32.0% in 2022. This is attributed to a large amount of unexploited agricultural land in the area with large-scale production of soybean, pulses, and sugarcane which require sodium nitrate-based fertilizers for better yield

Agriculture sector accounts for half of the GDP of countries in Central & South America including Argentina, Bolivia Belize, Haiti, Dominica, Paraguay, and Ecuador. As the agriculture sector is a key contributor to the GDP of the countries in the region, it leads to increased consumption of fertilizers

Industrial grade dominated the product segment with a revenue share of over 89.0% in 2022. This growth is attributed to the increasing usage of the product as a complement to ammonium nitrate in explosives, chemicals, glass, and fertilizers

Fertilizer in the application segment dominated the global market with a revenue share of over 69.0% in 2022. This is attributed to the increasing demand for food crops due to the rising population

According to the Indian ministry of finance’s economic survey, the agricultural and allied industries exhibited the most resiliency to COVID-19 as it reported a growth of 3.6% in 2020-21, and 3.9% in 2021-22 in India

The agricultural sector of the U.S. contributed 5.0% of the total country’s GDP due to the rising demand for food in the country, according to the U.S. Department of Agriculture. Thus, this increasing demand for food crops is expected to increase the usage of fertilizers

Sodium Nitrate Market Segmentation

Grand View Research has segmented the global sodium nitrate market based on grade, application, and region:

Sodium Nitrate Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Industrial

Pharmaceutical

Food

Sodium Nitrate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Chemicals

Fertilizers

Explosives

Glass

Pharmaceuticals

Food & Beverages

Others

Sodium Nitrate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia Pacific

China

India

Japan

Central & South America

Brazil

Chile

Peru

Middle East & Africa

South Africa

Saudi Arabia

Order a free sample PDF of the Sodium Nitrate Market Intelligence Study, published by Grand View Research.

[ilmemcmi]

Ammonium Nitrate Market is Witness High Growth Owing to Increasing Use in Fertilizers

Ammonium nitrate is an inorganic chemical compound majorly used as a fertilizer for agricultural applications. As a fertilizer, it provides nitrogen, one of the essential nutrients required for healthy plant growth and development. Ammonium nitrate has a high concentration of nitrogen, around 33-35%, enabling farmers to apply lower volumes and get excellent yields. It is soluble in water and dissipates gradually in soil, ensuring a steady supply of nitrogen for an extended period. Ammonium nitrate is predominantly used as a nitrogen-rich fertilizer for cotton, wheat, corn, sugarcane, rice, and other crops. The increasing global population has surged the demand for food, driving the need for improving agricultural productivity through fertilizers.

The Global ammonium nitrate market is estimated to be valued at US$ 21.18 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the ammonium nitrate market are BASF SE, Clariant International Limited, DIC Corporation, Huntsman International LLC, Tronox, Inc, Rockwood Holdings, Inc., Lanxess AG, Atlanta AG, Ferro Corporation. And Merck. BASF is one of the leading producers and suppliers of ammonium nitrate globally. The company offers a wide range of Ammonium Nitrate Market Growth grades for various applications. The growing demand for explosives from construction and mining industries presents substantial growth opportunities for ammonium nitrate manufacturers. Ammonium nitrate is widely used as a blasting explosive in quarrying, mining, and tunneling due to its high combustion energy and stability. The ammonium nitrate market players are focused on expanding their manufacturing facilities in key emerging regions. For instance, Tronox inaugurated a new ammonium nitrate prilling facility in Botswana in 2021. Uralchem also started commercial production of ammonium nitrate at a new plant in Kazakhstan in 2022. Such investments will help companies cater to the growing fertilizer demand and gain a competitive edge in developing markets. Market Drivers: - Rising global food demand driven by the increasing population is a key factor propelling the use of ammonium nitrate fertilizers. It is estimated that the global population will reach around 9 billion by 2050 from the current 7.7 billion, triggering higher agricultural output. - Growth in infrastructure development and mining & quarrying industries worldwide augmented the consumption of ammonium nitrate as an explosive. Mega-projects such as high-speed rail networks, dams, roads, and urban infrastructure require large volumes of ammonium nitrate for construction activities. Market Restrain: - Stringent regulations regarding the production, transportation, handling, and use of ammonium nitrate due to its explosive properties act as a major restraint. Minor violations can attract heavy penalties from regulatory bodies. This has compelled manufacturers to incur higher compliance costs. - Fluctuations in natural gas prices, a key raw material for ammonium nitrate production, add to the overall cost of production. Around 80-90% of the total manufacturing cost is spent on procuring natural gas. Thus, volatile natural gas prices can squeeze the margins of ammonium nitrate producers.

Segment Analysis

The Ammonium Nitrate market has two key segments - Fertilizer and Explosive. The fertilizer segment dominates the market owing to ammonium nitrate's widespread use as a fertilizer. Ammonium nitrate is the most commonly used nitrogen fertilizer globally due to its affordability and high nitrogen content. It releases nitrogen slowly and supports plant growth for an extended period. The fertilizer segment accounts for over 70% of the total ammonium nitrate demand. The explosive segment is the next major segment of ammonium nitrate market. Ammonium nitrate is used as an oxidizing agent in the production of commercial and civil explosives. It is mixed with fuel oils to produce ammonium nitrate fuel oil (ANFO) blasting explosive. Demand from construction, mining and quarrying industries drive the explosive segment's growth. While fertilizer usage is widespread, demand from explosive applications is concentrated in mining countries. Regional Analysis

The Asia Pacific region dominates the global ammonium nitrate market with a share of over 40%, followed by North America and Europe. China is the leading producer and consumer of ammonium nitrate due to large scale fertilizer manufacturing and also mining industries. Both fertilizer and explosive applications contribute to the region's largest market share. North America is another major region owing to developed mining industry in the US. Europe has witnessed relatively slower growth while Middle East & Africa is expected to emerge as a high growth region in the coming years, led by infrastructure development and mineral exploration activities.

Gets More Insights on, Ammonium Nitrate Market

About Author:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

[notedoller]

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