Asia Pacific ammonium nitrate market to advance due to increase in mining activities

Owing to the immense support from the agriculture and civil construction sectors, the APAC ammonium nitrate market has been advancing at a constant pace. With China leading the regional industry, the APAC market represents over 45% of the global expenditure on construction activities. Japan and India have been trailing China closely and are likely to emerge as major contributors in the market for ammonium nitrate.

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The market has been reaping the benefits of the prospering agriculture sector, which has been responsible for high demand for this chemical. Ammonium nitrate is being extensively utilized as a fertilizer that can significantly boost the productivity of crops in terms of quantity as well as quality. The rapidly multiplying population density has been exerting pressure on the agriculture sector, spawning increasing demand for the chemical.

Numerous government policies and plans have been tackling the issue of food shortages by emphasizing the significance of deploying fertilizers. For instance, in India, the introduction of the Neem Coated Urea (NCU) scheme has been enabling restriction of urea usage, while encouraging utilization of nitrogen for crops and lowering costs simultaneously. The scheme also facilitates improvement of soil quality and low-cost cultivation that will benefit farmers.

India is poised for tremendous growth since agriculture is one of the primary occupations, employing about 58% of the total population. The regional market is slated to achieve high revenue share due to the increasing volume of investments for upgrading the agriculture sector. Infrastructural facilities including irrigation facilities, warehousing, and grain storage are being restructured. Moreover, a number of government schemes and policies including the Pradhan Mantri Awas Yojana have been aiming to aid the progression of the sector, fueling the APAC ammonium nitrate market forecast.

Low density products segment is anticipated to garner considerable momentum through the upcoming years, growing at a 4% CAGR through 2026. Since low density products exhibit higher porosity than high density products, they are being deployed across anti-caking coating applications in manufacturing processes of civil explosives including ANFO, which is primarily used by the mining industry. The progress of the mining sector will therefore translate to higher growth rate for the industry share.

The increasing degree of mining and quarrying activities across Asia Pacific has been augmenting the industry size. China is likely to lead the mining industry in the region, contributing substantially toward market expansion. Since ANFO, a widely deployed mining explosive, contains about 95% ammonium nitrate, the Asia Pacific industry share is set to soar through the coming times. The growth of the mining industry is expected to have a positive impact on the demand for ammonium nitrate since the ease of use and low cost of ANFO has been promoting its bulk deployment for dry-hole blasting.  

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The Asia Pacific ammonium nitrate industry was valued at $10.2 billion during 2019 and is slated to rise at a 4.3% CAGR between 2020 and 2026. Orica Limited, Yara International ASA, Fertiberia SA, CSBP Limited, OSTCHEM Holding, Enaex S.A., Incitec Pivot Ltd., EuroChem Group, and Borealis AG are some prominent manufacturers of ammonium nitrate in Asia Pacific.

Table of content:

Chapter 4   Asia Pacific Ammonium Nitrate Market, By Product

4.1    Asia Pacific ammonium nitrate market share, by product, 2019 & 2026

4.2    High density ammonium nitrate (HDAN)

4.2.1    Market size, 2016 – 2026

4.2.2    Market size, by country, 2016 – 2026

4.3    Low density ammonium nitrate (LDAN)

4.3.1    Market size, 2016 – 2026

4.3.2    Market size, by country, 2016 – 2026

4.4    Ammonium nitrate solution

4.4.1    Market size, 2016 – 2026

4.4.2    Market size, by country, 2016 – 2026

Chapter 5   Asia Pacific Ammonium Nitrate Market, By End-user

5.1    Asia Pacific ammonium nitrate market share, by end-user, 2019 & 2026

5.2    Agriculture

5.2.1    Market size, 2016 – 2026

5.2.2    Market size, by country, 2016 – 2026

5.3    Mining & quarrying

5.3.1    Market size, 2016 – 2026

5.3.2    Market size, by country, 2016 – 2026

5.4    Civil construction

5.4.1    Market size, 2016 – 2026

5.4.2    Market size, by country, 2016 – 2026

5.5    Others

5.5.1    Market size, 2016 – 2026

5.5.2    Market size, by country, 2016 – 2026

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