Report ID: SQSG15E2024
Report ID:
SQSG15E2024 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
62 |
Figures:
75
Global Ammonium Nitrate Market size was valued at USD 17.46 billion in 2019 and is poised to grow from USD 18.1 billion in 2023 to USD 28.87 billion by 2031, growing at a CAGR of 5.55% in the forecast period (2024-2031).
A white crystalline solid chemical substance made of ammonium and nitrate ions is known as ammonium nitrate. Due to its abundant source of nitrogen, it is frequently utilized as fertilizer. Ammonium nitrate can aggressively break down at high temperatures, which makes it useful as an explosive in the mining sector. Additionally, this substance is widely employed in food storage procedures due to its great hygroscopic character. Fertilizers containing nitrogen are frequently used in farming to promote crop development.
The segment is predicted to develop due to the rising demand for the chemical as a source of nitrogen in fertilizers. Additionally, the substance is popular as an oxidant in the production of explosives, which is predicted to boost industrial expansion.
US Ammonium Nitrate Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONAmmonium Nitrate Market size was valued at USD 17.46 billion in 2019 and is poised to grow from USD 18.1 billion in 2023 to USD 28.87 billion by 2031, growing at a CAGR of 5.55% in the forecast period (2024-2031).
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Report ID: SQSG15E2024