This “Ammonium Nitrate Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Ammonium Nitrate market can use for expanding their business in untapped market to increase their customer base.
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Ammonium Nitrate Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
Agriculture Segment Accounted for Major Share of the Ammonium Nitrate Market
– In the agricultural industry, fertilizers are used to enrich the growth of plants. They contain essential nutrients for plants, which provide healthy growth and keep them disease free. There are various types of fertilizers that are available in soluble, dry crystalline, and time-release forms. Ammonium nitrate is one such fertilizer that is used for providing adequate levels of nitrogen to plants.
– It is a high-nitrogen fertilizer and is used as an oxidizing agent. Ammonium nitrate (NH4NO3) is made by combining ammonia with nitric acid.
– Upon application of ammonium nitrate fertilizer, it dissociates into Ammonium (NH4+) and nitrate (NO3-). This dissociated nitrogen present in the soil can be directly consumed by the plants. The instant availability of nitrate ions makes ammonium nitrate superior over other fertilizers.
– Hence, with the rapidly growing agricultural activities across the globe, the demand for ammonium nitrate is expected to rapidly increase over the forecast period.
North America Region to Dominate the Market
North America represents the largest regional market for global ammonium nitrate market in 2018. This enormous demand for ammonium nitrate is a consequence of the growing demand for ammonium nitrate fuel oil and an increase in demand for explosives in defense. In North America, the United States provides the primary market for the agricultural industries. Fertilizers segment is projected to grow owing to the dynamic growth of agricultural activities in the region over the forecast period (2019-2024).
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Target Audience of Ammonium Nitrate Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Ammonium Nitrate Market Report:
- Analyzing various perspectives of the Ammonium Nitrate market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Ammonium Nitrate market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Ammonium Nitrate market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Ammonium Nitrate market studied, during the forecast period
- The segments that are expected to dominate the Ammonium Nitrate market studied.
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