Ammonium Nitrate Market in high density segment to grow at 4.5% till 2025

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Global Ammonium Nitrate Market to hit 23.2 Bn by
2025 Global Market Insights Inc.
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Industry Overview

• Ammonium Nitrate Market driven by Increasing
  fertilizer demand in the world to surpass USD 23
  billion by 2025 and will witness 4 CAGR during
  the forecast timespan. The ever-growing
  population has created a demand-supply imbalance
  in case of food globally. Global population
  growth is likely to exceed 8 billion by 2030,
  which will result in the increased demand for
  food which in turn will increase the use of
  ammonium nitrate-based fertilizers. These
  fertilizers improve the growth, safety quality
  of the crops and improves the yield. The
  fertilizer demand is high in Latin American and
  the APAC countries owing to the expansion of the
  agricultural lands in the regions. This in turn,
  will drive the ammonium nitrate market growth in
  the coming years.
• Low-density ammonium nitrate, commonly known as
  LDAN is used as a cost-efficient, high-quality
  and effective mining explosive blasting agent,
  especially with ANFO (Ammonium Nitrate/ Fuel Oil)
  or in emulsion-type explosives. Low-density
  ammonium nitrate is used as anti-caking coatings
  and porosity control agents. Known for the
  homogeneous fast absorption of oil, free
  flowing properties, excellent sensitivity to
  shock waves, excellent stability, flexibility of
  usage and longevity, LDAN market is likely to
  grow at a CAGR of above 4 during the forecast
  timeframe.

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• Ammonium nitrate solutions are cost-effective,
  consistent in quality and have a convenient range
  of temperature for long distance transportation.
  This product type facilitates in strict process
  control which results in the superior purity
  control and pH. It is widely used as a raw
  material for fertilizers and emulsion-matrix
  production. This product segment is likely to
  grow at a CAGR of around 4.5 in the coming
  years.
• Mining quarrying is an important end-user
  segment in the ammonium nitrate market, growing
  at a CAGR exceeding 1.7 from 2019 to 2025. China
  and US are the main drivers of the mining
  industry. China is becoming one of the largest
  mining countries especially for the rare-earth
  commodities. Whereas the US is important whenever
  mining is related to oil gas extraction and
  mining activities support. Ammonium nitrate is
  employed in the manufacturing of the explosives
  used in the mining and quarrying activities.
  Increasing exploration activities in oil gas
  sector production in the U.S. post shell oil
  reserves discovery coupled with the matured oil
  gas industry in the Middle-East and rising mining
  quarrying activities in Asia Pacific region,
  especially in China India will spur the demand
  for ammonium nitrate for explosives production in
  the coming years

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Europe Ammonium Nitrate Market Size, By
Application, 2014 2025 (USD Million)

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Industry Coverage

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• Asia Pacific is also a key ammonium nitrate
  market globally which will grow by a CAGR of more
  than 3.1 from 2019 to 2025. Growing agriculture
  industry owing to the development of
  agriculture-based countries coupled with
  increasing demand for mining explosives in India
  China and escalating construction activities in
  the region will propel the market growth of
  ammonium nitrate in the region.
• Key companies in the global ammonium nitrate
  market includes EuroChem, Yara International,
  Uralchem, Borealis, Ostchem, CF, Fertiberia and
  others. Backward integration is a major strategy
  used by the majority of the companies in the
  market to strengthen their positions along with
  increase their profit margins.

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