The Latest Ammonium Nitrate Industry Statistics Explained
The global ammonium nitrate market is estimated to reach USD 6.18 billion by 2026, from USD $4.75 billion in 2021.
This statistic indicates that the global market for ammonium nitrate is projected to experience significant growth, with the estimated value increasing from $4.75 billion in 2021 to $6.18 billion by 2026. This suggests a compound annual growth rate (CAGR) of the market during this period. Factors such as increased demand for ammonium nitrate in various industries like agriculture, mining, and manufacturing, as well as advancements in production technologies, are likely contributing to this growth. The expansion of the market size over the forecasted period reflects potential opportunities for companies operating in the ammonium nitrate industry to capitalize on the increasing demand and expand their market presence.
Europe dominated the global ammonium nitrate market with a 52% share in 2019.
The statistic indicates that Europe held the largest market share of 52% in the global ammonium nitrate market in 2019, showcasing its dominance in the industry. This suggests that a significant portion of the production, consumption, or export of ammonium nitrate, a common chemical compound used in various industries including agriculture and mining, was concentrated in Europe during that year. This dominant position may be attributed to factors such as advanced manufacturing capabilities, established market presence, favorable regulatory environments, and technological expertise within the region. The statistic highlights Europe’s strong foothold in the global ammonium nitrate market and its importance as a key player in shaping industry trends and dynamics.
Ammonium nitrogen segment accounted for more than 50% of global ammonium nitrate market share in 2016.
The statistic that the ammonium nitrogen segment accounted for more than 50% of global ammonium nitrate market share in 2016 indicates that a significant portion of the market for ammonium nitrate, a common fertilizer and industrial chemical, was dominated by products containing ammonium nitrogen as a key component. This highlights the importance and widespread use of ammonium nitrogen within the ammonium nitrate industry, likely due to its effectiveness as a source of nitrogen for plant growth and its role in various industrial applications. This information is valuable for stakeholders in the agricultural and chemical sectors, as it suggests the substantial market presence and influence of products within the ammonium nitrogen segment during that period.
The Asia Pacific region is projected to have the highest CAGR during the forecast period 2021-2026.
The statement “The Asia Pacific region is projected to have the highest CAGR during the forecast period 2021-2026” indicates that the Compound Annual Growth Rate (CAGR) for the Asia Pacific region is expected to be the highest among all regions over the next five years. This suggests that the economy of the Asia Pacific region is anticipated to experience significant growth during this period when compared to other regions globally. Companies and investors may be particularly interested in this region for potential investment opportunities, as the high CAGR signifies a positive outlook for economic development and market expansion in Asia Pacific.
The US market size for ammonium nitrate was approximately $506.1 million in 2017.
The statistic “The US market size for ammonium nitrate was approximately $506.1 million in 2017” represents the total value of ammonium nitrate products sold within the United States in that year. Market size is a crucial metric that indicates the scale and financial significance of a particular industry or product category. In this context, the $506.1 million figure reflects the revenue generated by the production and sale of ammonium nitrate, highlighting its economic importance within the US agricultural, mining, and chemical sectors. This information can be used by industry analysts, policymakers, and business decision-makers to assess market trends, forecast future demand, and make informed strategic choices related to ammonium nitrate production and distribution.
India is the largest importer of ammonium nitrate, with a share of 17% of global imports in 2020.
The statistic that “India is the largest importer of ammonium nitrate, with a share of 17% of global imports in 2020” indicates that India played a significant role in the global trade of this particular chemical compound during the year 2020. Ammonium nitrate is commonly used in fertilizer production, explosives, and various industrial applications. The fact that India accounted for 17% of global imports suggests a high level of demand within the country for these purposes. This statistic highlights India’s reliance on imported sources of ammonium nitrate to meet domestic needs and underscores the country’s importance in the international trade of this essential chemical compound.
Between 2014 and 2018, China’s ammonium nitrate production increased by around 1.7% annually.
The statistic ‘Between 2014 and 2018, China’s ammonium nitrate production increased by around 1.7% annually’ indicates that over the four-year period, China’s output of ammonium nitrate grew at an average annual rate of 1.7%. This means that each year, the production of ammonium nitrate in China expanded by approximately 1.7% compared to the previous year. This steady growth rate suggests a consistent upward trend in the country’s production capacity for ammonium nitrate during the specified timeframe, reflecting potential shifts in demand, technological advancements, or policy changes in the industry.
The global industrial explosives market, which includes ammonium nitrate, is projected to grow at a CAGR of 5.5% between 2022 and 2027.
This statistic indicates that the global industrial explosives market, which encompasses products like ammonium nitrate, is expected to experience a Compound Annual Growth Rate (CAGR) of 5.5% from 2022 to 2027. This means that the market is projected to increase in size by an average of 5.5% per year over the stated period. The CAGR provides a smoothed rate of growth over time, allowing for a more stable and consistent measure of growth compared to year-over-year changes. Factors such as increasing industrial activities, construction projects, mining operations, and defense applications may contribute to this projected growth in the industrial explosives market.
Middle East & Africa is expected to grow at a CAGR of 3.3% in terms of ammonium nitrate demand from 2020 to 2027.
This statistic indicates that the Middle East & Africa region is projected to experience a Compound Annual Growth Rate (CAGR) of 3.3% in terms of the demand for ammonium nitrate from the year 2020 to 2027. A CAGR is a measure used to represent the average annual growth rate of a specific variable over a specified period of time. In this context, the expected growth rate of 3.3% suggests a steady increase in the demand for ammonium nitrate in the Middle East & Africa region over the seven-year period. This growth may be influenced by various factors such as industrial development, agriculture practices, and infrastructure projects in the region, highlighting the potential market expansion and opportunities within the sector.
The explosives sector constitutes around 15% of the total demand for ammonium nitrate globally.
The statement indicates that the explosives sector, which includes industries such as mining, construction, and demolition, accounts for approximately 15% of the overall worldwide demand for ammonium nitrate. Ammonium nitrate is a commonly used chemical compound in the manufacturing of explosives due to its high nitrogen content and stability. This statistic suggests that a substantial portion of the global production and consumption of ammonium nitrate is dedicated to fulfilling the needs of the explosives sector specifically. The significance of this statistic lies in highlighting the importance of the explosives industry as a major consumer of ammonium nitrate on a global scale.
Australia is one of the significant importers of ammonium nitrate, particularly for its mining industry.
The statistic that Australia is one of the significant importers of ammonium nitrate, particularly for its mining industry, suggests that the country relies heavily on this explosive material to support its mining activities. Ammonium nitrate is commonly used in mining operations for blasting purposes to break up rock and extract valuable minerals. The fact that Australia is a major importer of this substance implies a high level of demand for it within the mining sector, indicating the scale and importance of mining activities in the country’s economy. This statistic highlights the significance of the mining industry in Australia’s overall industrial landscape and the strategic role that imports of essential materials like ammonium nitrate play in supporting this sector’s operations.
The growth rate of ammonium nitrate data, the manufacturing sector, in Europe, is about 2.2% annually.
The statistic indicates that the growth rate of ammonium nitrate production within the manufacturing sector in Europe is estimated to be around 2.2% per year. This suggests that, on average, the quantity of ammonium nitrate being produced in Europe by manufacturers is increasing at a steady pace annually. This growth rate can be a crucial measure in assessing the expansion and development of the manufacturing sector in Europe related to the production of this specific chemical compound, which is commonly used in fertilizer production, explosives manufacturing, and other industrial applications. It also provides insight into the overall economic activity and demand for such products in the region, potentially impacting various industries and markets that rely on or are associated with ammonium nitrate production.
From 2017 to 2018, Canada’s production of ammonium nitrate fertilizers increased by 5.6%.
The statistic indicates that Canada’s production of ammonium nitrate fertilizers experienced a growth of 5.6% from 2017 to 2018. This means that the quantity of ammonium nitrate fertilizers produced in Canada in 2018 was 5.6% higher than in 2017. The increase suggests a positive trend in the production of this type of fertilizer and may indicate factors such as increased demand, improved technology, or favorable market conditions during that period. This growth rate can provide valuable insights for policymakers, agricultural professionals, and industry stakeholders in evaluating the performance and dynamics of Canada’s fertilizer industry.
In 2019, the global top players in the ammonium nitrate market were EuroChem, Uralchem, OSTCHEM Holding, Borealis, and Acron.
The statistic implies that in 2019, EuroChem, Uralchem, OSTCHEM Holding, Borealis, and Acron were the leading companies in the global ammonium nitrate market based on various factors such as market share, production capacity, revenues, and innovation. Being the top players suggests that these companies likely had significant influence and control over the market dynamics, pricing strategies, and supply chain within the industry. Their prominence also indicates that they may have a competitive edge in terms of product quality, distribution network, and customer base compared to other players in the market. Overall, this statistic highlights the dominance and importance of these companies in shaping the global ammonium nitrate market landscape in 2019.
In terms of volume, the global ammonium nitrate market size is expected to reach 76.3 million tons by 2025.
The statistic indicates that the global ammonium nitrate market is projected to grow significantly in terms of volume, with an expected size of 76.3 million tons by the year 2025. This suggests an increase in the overall production and consumption of ammonium nitrate worldwide, which could be driven by factors such as growing demand for fertilizers in agriculture, increasing use of explosives in mining and construction activities, and other industrial applications. The expansion of the market size signifies a potential rise in manufacturing and trade activities related to ammonium nitrate, highlighting its importance as a key chemical compound in various sectors of the global economy.
As of 2021, the ammonium nitrate industry growth rate in the US is predicted to be around 2.6%.
The statistic indicates that the ammonium nitrate industry in the United States is expected to experience a growth rate of approximately 2.6% in the year 2021. This means that the production and utilization of ammonium nitrate, a common chemical compound used in fertilizers, explosives, and other industrial applications, is projected to increase steadily over the course of the year. The predicted growth rate suggests a positive outlook for the industry, potentially driven by factors such as increased demand from agriculture, construction, and mining sectors. It implies that businesses within the industry may have opportunities for expansion and investment in response to the expected growth trajectory.
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