Ammonium nitrate | NH4NO3 Market rowth Tactics, Regional Analysis 2026

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The global Ammonium nitrate | NH4NO3 market surpassed a value of USD 16 billion in 2018 and is projected to reach USD 24 billion by 2026. This report evaluates the critical aspects of the market, such as size, share, demand, CAGR, gross profits, earnings, and revenue, to assess the indust

The global  Ammonium nitrate | NH4NO3 market surpassed a value of USD 16 billion in 2018 and is projected to reach USD 24 billion by 2026. This report evaluates the critical aspects of the market, such as size, share, demand, CAGR, gross profits, earnings, and revenue, to assess the industry's potential rise in the future.

Ammonium nitrate is a white crystal solid chemical compound that is highly soluble in water, used mainly as a high-nitrogen fertilizer in agriculture and as a component in explosive mixtures for mining, quarrying, and civil construction purposes. The growing population has increased the demand for Ammonium nitrate | NH4NO3 in the agriculture and construction industries, making it the primary driving factor for the global ammonium nitrate market.

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However, Ammonium nitrate | NH4NO3 is moderately hazardous material with a critical relative humidity of 59.4%, which can cause it to turn into a solid mass or liquefy. Hence, strict regulations have been implemented by Occupational Health and Safety (OSHA), Environmental Protection Agency (EPA), and Bureau of Alcohol, Tobacco, and Firearms (ATF) to control its transportation, storage, handling, and usage.

Ammonium nitrate | NH4NO3is a part of ANFO, an industrial explosive widely used in North America, accounting for 80% of the explosives used in this region. Due to the potential of its misuse, some countries are prohibiting its usage in consumer applications. The use of cheaper substitutes such as urea in fertilizers may also hinder the growth of the market. Nonetheless, the market is expected to grow due to the better nitrogen uptake and lower carbon footprint of ammonium nitrate, compared to urea.

The report categorizes the industry into different segments based on size, share, demand, trends, gross profit, total earnings, and revenue. The market is segmented into High-Density Ammonium Nitrate and Low-Density Ammonium nitrate | NH4NO3based on product type. The fertilizer segment holds a majority of the market share due to its demand in the food supply applications. The US and China are expected to witness the highest amount of growth during the forecast period. The report also profiles the key players in the global ammonium nitrate market, including EuroChem Group AG, CF Industries, Orica, Austin Powder Company, Enaex, and Incitec Pivot Limited, among others.

Here are some of the top companies operating in the Ammonium Nitrate market:

  • Orica Limited
  • Yara International ASA
  • EuroChem Group AG
  • Incitec Pivot Limited
  • CF Industries Holdings, Inc.
  • The Chemours Company
  • OSTCHEM Holding AG
  • Abu Qir Fertilizers and Chemicals Industries Company
  • Neochim AD
  • San Corporation.

Ammonium Nitrate Market: Notable Innovation

Some notable innovations in the Ammonium nitrate | NH4NO3market include the development of new and advanced production techniques for ammonium nitrate fertilizers and explosives, which improve the efficiency and safety of their manufacture. Additionally, there have been advancements in the use of ammonium nitrate in various industries, such as the mining and construction industries, where it is used in blasting agents and as a component of concrete admixtures to improve their strength and durability. Another innovative use of ammonium nitrate is in the production of biofuels, where it is used as a nitrogen source for microorganisms that convert biomass into fuel. Furthermore, researchers are exploring the potential of ammonium nitrate as a source of renewable energy through the process of thermal decomposition.

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