WorldWide Ammonium Nitrate Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 - 2025 (Includes Business Impact of COVID-19)

  • TBI298109
  • September 09, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Ammonium Nitrate Market

Industry / Sector Trends

Ammonium Nitrate Market size estimated at USD 16.3 billion in 2018 and will grow at a CAGR of more than 4% from 2019 to 2025.   Europe Ammonium Nitrate Market Size, By Application, 2014 – 2025 (USD Million)   The global ammonium nitrate market will be primarily driven by the increasing product application in various end-user industries like agriculture, mining & quarrying, civil construction. Ammonium nitrate is majorly used in fertilizer and explosive manufacturing. Increasing food safety concerns around the globe has led to concerted efforts by governments, farmers and institutions to increase the yield per unit area of cultivated land. This has led to a significant rise in fertilizer demand in recent years across the globe. Additionally, increasing mining & quarrying activities in the U.S., Africa and Asia Pacific region has led to a rise in the demand for civil explosives. These factors will drive ammonium nitrate demand   during the forecast period.   The agriculture industry is a key end-user for the product market where it is used as a nitrogen fertilizer. In India and the US, arable land per person was 0.18 & 0.74 hector per person respectively in 1990 which was reduced to 0.11 & 0.47 hector per person in 2016. At a global level, arable land per person was 0.23 hector per person which was reduced to 0.19 hector per person in 2016. Increasing global population has increased the demand of the food to a great extent. Thus, the yield has to be increased in proportion with the increasing population in order to maintain the balance between the demand & supply and to do so, high-quality fertilizers are required. The rising agriculture industry across the globe has triggered the demand of fertilizers which are essential for the growth of the crops. Nitrogen fertilizers have lesser nitrogen content (33%) as compared to urea-based fertilizers (46%). Plants consume nitrogen in anitrate form which is readily available in ammonium nitrate. the conversion of nitrogen component in urea into anitrate results in high nitrogen loss. In addition to that, ammonium nitrate-based fertilizers release nitrogen in the atmosphere at a much slower rate which improve the longevity. Thus, ammonium nitrate-based fertilizers are extensively used in the agriculture industry. The significant increase in the demand for high-quality crop has increased the fertilizer consumption. China, one of the leading fertilizer manufacturers in the world, was the largest consumer of the nitrogen fertilizer in the world. This has led to the remodeling and expansion of the older manufacturing plants along with building the new ammonium nitrate production facilities to meet the escalating demand. In 2016, Yara International opened the world’s first modular plant to produce ammonium nitrate with the annual production capacity of 330,000 tonnes.   The market may face challenges from the substitution of ammonium nitrate by other compounds such as UAN, NPK, etc. for the fertilizer applications. Being declared as the moderately hazardous material, OSHA (Occupational Health and Safety), EPA (Environmental Protection Agency) and ATF (Bureau of Alcohol, Tobacco and Firearms) issued strict rules regarding the production, storage, transportation and usage of ammonium nitrate to prevent the misuse of the product in an act of terrorism. This will hinder the growth of the ammonium nitrate market as the usage of the other available substitutes has increased in the fertilizers and explosives application segments.  

Market Segmentation, Outlook & Regional Insights: Ammonium Nitrate Market

Ammonium Nitrate Market, By Product Based on application, global ammonium nitrate market has been segmented as high density (HDAN), low density (LDAN) and solutions. High density ammonium nitrate is the major contributor in terms of both volume & revenue and will gain at a rate of more than 4.5% during the forecasted timeframe. High-density ammonium nitrate prills are used as a solid-oxidizer agent in the agriculture industry. This product type is effective in wet climate conditions due to its purified, non-porous, quality-dense prills and maintains the technical specifications in such situations.   Ammonium Nitrate Market, By End-use On the basis of end-user, the global ammonium nitrate market is classified into agriculture, mining & quarrying, civil construction, and other end-users including defense, pyrotechniques, etc. Agriculture is a major end-user industry in the product market. The segment will grow by around 4.5% CAGR during the forecast period. Ammonium nitrate is primarily used as a fertilizer to enhance the growth and quality of the crops and plants as well as in manufacturing other nitrogen fertilizers such as urea ammonium nitrate (UAN).   Civil construction is also an important end-user industry which is poised to grow by around 4% CAGR during the forecast period. The product is extensively used as an explosive in the civil construction industry for road making, tunneling, excavation for railways, concrete dams, delay detonators, secondary blasting, etc.   Ammonium Nitrate Market, By Region Europe is the largest ammonium nitrate market globally, accounting for nearly half of the product demand in 2018 and will grow by more than 4% CAGR. Regional industry will be mainly augmented by rapidly increasing demand for civil explosives for escalating mining & quarrying and construction activities.   The U.S. is an important ammonium nitrate market accounting for more than one-tenth of the overall industry size in 2018. Rising agricultural activities, stable growth in the construction sector, coupled with increasing oil exploration and mining & quarrying activities will drive the regional demand of the product.  

Key Players, Recent Developments & Sector Viewpoints: Ammonium Nitrate Market

The major players in the market are Yara International, EuroChem, Ostchem and Uralchem. The other players in the industry includes Orica, CF Industries Holdings, Enaex S.A, Austin Powder International and many more. Majority of the market players have adopted the backward integration strategy and are involved in the production of raw materials, processing and manufacturing of the finished products.   Industry Viewpoint   In 1659, ammonium nitrate was first produced artificially in Germany. It is a white, crystalline solid, highly soluble in water, stable at lower temperatures but it decomposes explosively at the temperatures above 390°F (200°C). It is primarily used in fertilizers and explosives. The growing demand for fertilizers, rising mining activities, increasing food demand in the world will drive the growth of the ammonium nitrate market. However, stringent government regulations to prevent the misuse of the product coupled with the availability of the substitutes in end-user segments will hamper the growth of the market

Key Insights Covered: Exhaustive Ammonium Nitrate Market

1. Market size (sales, revenue and growth rate) of Ammonium Nitrate industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Ammonium Nitrate industry. 3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Ammonium Nitrate industry. 4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Ammonium Nitrate industry.

Research Methodology: Ammonium Nitrate Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

1 Report Overview
    1.1 Research Scope
    1.2 Major Manufacturers Covered in This Report
    1.3 Market Segment by Type
        1.3.1 Global Ammonium Nitrate Market Size Growth Rate by Type (2019-2025)
    1.4 Market Segment by Application
        1.4.1 Global Ammonium Nitrate Market Share by Application (2019-2025)
    1.5 Study Objectives
    1.6 Years Considered

2 Global Growth Trends
    2.1 Production and Capacity Analysis
        2.1.1 Global Ammonium Nitrate Production Value 2014-2025
        2.1.2 Global Ammonium Nitrate Production 2014-2025
        2.1.3 Global Ammonium Nitrate Capacity 2014-2025
        2.1.4 Global Ammonium Nitrate Marketing Pricing and Trends
    2.2 Key Producers Growth Rate (CAGR) 2019-2025
        2.2.1 Global Ammonium Nitrate Market Size CAGR of Key Regions
        2.2.2 Global Ammonium Nitrate Market Share of Key Regions
2.3 Industry Trends
        2.3.1 Market Top Trends
        2.3.2 Market Drivers

3 Market Share by Manufacturers
    3.1 Capacity and Production by Manufacturers
        3.1.1 Global Ammonium Nitrate Capacity by Manufacturers
        3.1.2 Global Ammonium Nitrate Production by Manufacturers
    3.2 Revenue by Manufacturers
        3.2.1 Ammonium Nitrate Revenue by Manufacturers (2014-2019)
        3.2.2 Ammonium Nitrate Revenue Share by Manufacturers (2014-2019)
        3.2.3 Global Ammonium Nitrate Concentration Ratio
    3.3 Ammonium Nitrate Price by Manufacturers
    3.4 Key Manufacturers Ammonium Nitrate Plants/Factories Distribution and Area Served
    3.5 Date of Key Manufacturers Enter into Ammonium Nitrate Market
    3.6 Key Manufacturers Ammonium Nitrate Product Offered
    3.7 Mergers & Acquisitions, Expansion Plans

4 Market Size by Type
    4.1 Production and Production Value for Each Type
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