Global Ammonium Nitrate Market
Ammonium Nitrate Market Size And Forecast
According to Verified Market Research, Global Ammonium Nitrate Market was valued at USD 4.72 Billion in 2018 and is projected to reach USD 6.16 Billion by 2026, growing at a CAGR of 3.4% from 2019 to 2026.
Global Ammonium Nitrate Market Outlook
The major factor such as the rising usage of ammonium nitrate in fertilizer production to enhance quality and yield of crops is expected to propel the growth of the global ammonium nitrate market. Moreover, the rising demand for ammonium nitrate in surface treatment and plasticizer applications along with rising demand for the product as a preservative from the food sector is likely to anticipate the market growth. However, rising consumption of urea owing to its easy handling and cost-effectiveness and strict rules and regulations on the use of ammonium nitrate in fertilizers might hamper the demand for the products and restrain the market growth.
Global Ammonium Nitrate Market Competitive Landscape
The Global Ammonium Nitrate Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Orica, Neochim PLC, Incitec Pivot Limited, San Corporation, URALCHEM Holding P.L.C., Austin Powder Company, CF Industries Holdings, Inc., EuroChem Group AG, OSTCHEM Holding, and Enaex S.A.
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