Europe Ammonium Nitrate Market: Industry Analysis and Market Forecast 2020-2026

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Europe Ammonium Nitrate Market Industry Analysis
and Market Forecast 2020-2026 Graphical Research
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 Europe Ammonium Nitrate Market is poised to grow
at a steady rate in coming years due to
substantial development in the regional
construction and mining sector. Europe will see a
considerable growth in the mining sector owing to
increased investments by major countries in the
segment. Turkey has aimed for an annual
investment of USD 10 billion for the energy
mining sector by 2023, reaching a value of around
USD. Similarly, since the Finnish government has
sanctioned investments of USD 266 million to
recover nickel mining in the country in 2017,
Boliden, the company engaged in Nickel mining in
the country announced the expansion of its nickel
operations by investing USD 47.6 million in late
August 2020.   The European construction industry
is growing at a significant rate due to economic
development coupled with increasing urbanization.
Increasing construction activities in major
countries of Eastern Europe including Turkey,
Russia, and Ukraine will prosper the regional
demand for explosives. Siberia Power Gas
Pipeline, Crimean bridge, several highways, etc.,
are some of the major ongoing construction and
infrastructure projects in Russia. The country
will also be the key construction market in the
near future due to the growing needs for
residential housing. The increasing mining and
construction activities in Europe will create a
demand for explosives in the upcoming years,
which will further propel Europe ammonium nitrate
market size.    Ammonium Nitrate Solution (ANS)
is cost-effective, convenient in quality, and has
a convenient range of temperature over
long-distance transportation. The product used in
the production of fertilizers and emulsion
matrix. ANS is suitable for making solutions for
the fertigation of foliar spray. The segment will
grow at steady rate during the upcoming years
owing to limited applications. Rising fertilizer
demand is expected to drive Europe ammonium
nitrate market demand over the upcoming years.
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Other end-users, such as defense, pyrotechniques,
etc., will have significant market share in
Europe ammonium nitrate market. In military
applications, the product is used to make
explosives, such as daisy cutter bomb, and it is
also used in amatol, which contains the mixture
of ammonium nitrate, TNT, and aluminum. These
mixtures are very effective in the application of
rock blasting, underwater demolition, torpedoes,
etc. The product is also used as an oxidizing
agent in rocket propellants. Pyrotechniques
compounds are used in the manufacture of
fireworks, safety matches, oxygen candles,
explosive bolts fasteners, component of
automotive airbags, etc. The product is used in
pyrotechniques materials as an oxidizing agent.
The rising usage of explosives in the end-user
segment, such as defense, pyrotechniques, etc.,
will drive the revenue generation over the
upcoming years.   Major participants in the
Europe ammonium nitrate market include CF
Industries Holdings Inc., Enaex S.A., Neochim AD,
Orica Limited, EuroChem Group AG, Yara
International ASA, OSTCHEM Holding, Incitec Pivot
Ltd., Borealis AG, Austin Powder Company, Abu Qir
Fertilizers Company, URALCHEM Holding P.L.C and
Fertiberia SA.
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