Ammonium Nitrate Market Size, Share and Industry Analysis

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Ammonium Nitrate Market
Outlook, Growth Factors, Industry Share, and Size
By 2031
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Ammonium Nitrate MarketOutlook, Growth Factors,
Industry Share, Size By 2030
The chemical formula for ammonium nitrate is
NH4NO3. It is a white material with crystals that
is often used to make fertilizers and explosives.
The combination is made up of ions with the
symbols NH4 and NO3-.Ammonium nitrate is a
chemical that dissolves easily in water and is
easily taken up by plants as a source of
nitrogen, which they need to grow. It is often
used as a nitrogen fertilizer in farming to
increase food yield and help plants grow.
Ammonium nitrate is not only used as a
fertilizer, but it is also used to make
explosives and as a part of blasting agents.
When mixed with fuel oils, it makes ANFO
(ammonium nitrate/fuel oil), which is a popular
explosive used in the mining, quarrying, and
building industries. Because it can explode,
ammonium nitrate needs to be handled and stored
carefully. It has sometimes caused explosions by
mistake, which shows how important it is to
follow all safety rules and procedures when
working with this compound. It's important to
know that the sale and spread of ammonium nitrate
may be regulated or limited in some places
because it could be used to make explosives.
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Ammonium Nitrate Market
CAGR 3.6 (2023-2031)
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Ammonium Nitrate Market
A Summary of the Impact of COVID-19 on this
Market
Main Market Players Covered in This Report

• Enaex (Chile)
• San Corporation (China)
• OSTCHEM (Austria)
• Incitec Pivot Limited (Australia)
• EuroChem Group AG (Switzerland)
• Yara International ASA (Norway)
• Neochim Plc (Bulgaria)
• Abu Qir Fertilizers and Chemicals Company (Egypt)
• URALCHEM JSC (Russia)
• Vijay Gas Industry P Ltd (India)

The appearance of COVID-19 has transported the
globe to a halt. We understand that this health
disaster has brought an unprecedented impact on
businesses across industries. However, this too
shall pass. Growing support from governments and
various companies can benefit in the fight
against this highly transmissible disease. There
are some businesses that are struggling and some
are thriving. General, almost every sector is
anticipated to be stuck by the pandemic
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Ammonium Nitrate Market
The Ammonium Nitrate Market has been segmented as
below

• By Application Explosives, Fertilizer
• By End-User Mining, Construction, Quarry,
  Agriculture
• By RegionNorth America, Europe, Asia-Pacific,
  Latin America, Middle East Africa

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