Market Overview

Global Ammonium Nitrate Market 2018-2022| Use of Ammonium Nitrate Substitutes to Promote Growth| Technavio

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The global ammonium nitrate market is expected to post a CAGR of over 3%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global ammonium nitrate market from 2018 ...

Technavio has published a new market research report on the global ammonium nitrate market from 2018-2022.(Graphic: Business Wire)

A key factor driving the growth of the market is the increasing demand
for nitrogen-based fertilizers. Nitrogen-based fertilizers dissolve
easily in water and are quickly available to the plants. These
fertilizers are classified as ammonium nitrate fertilizers, nitrate
fertilizers, ammoniacal fertilizers, and amide fertilizers. The
increasing agricultural activities across the globe will boost the
consumption of ammonium nitrate during the forecast period.

This market research report on the global
ammonium nitrate market 2018-2022
also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the use of ammonium nitrate
substitutes as one of the key emerging trends in the global ammonium
nitrate market:

Global ammonium nitrate market: Use of ammonium
nitrate substitutes

Potassium nitrate, ammonium sulfate, and urea are some examples of
ammonium nitrate substitutes that can be used in a variety of
applications. These chemicals can be used in large amounts and are
relatively less harmful than ammonium nitrate to the environment and
human beings.

"Potassium nitrate and urea can be used in fertilizers to yield
crops. Ammonium sulfate can be used for manufacturing fertilizers and
explosives. These alternatives can be used on a long-term basis to keep
the environment safe. They can reduce the hazards caused by ammonium
nitrate. Increase in the demand for alternatives will adversely affect
the growth of the ammonium nitrate market during the forecast period,"
says
a senior analyst at Technavio for research on agrochemicals and
fertilizers.

Global ammonium nitrate market: Segmentation
analysis

This market research report segments the global ammonium nitrate market
by application (fertilizers and explosives) and geographical regions
(APAC, EMEA, and the Americas).

The fertilizers segment held the largest market share in 2017,
accounting for nearly 63% of the market. This application segment is
expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 45% of the
market share. The market share occupied by this region is anticipated to
decrease by nearly 2% during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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