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

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

LONDON--()--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.

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.

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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

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

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


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200