The Global Ammonium Nitrate Market is driven by increasing demand in explosives industry
Key players operating in the ammonium nitrate market are BASF SE, Clariant International Limited, DIC Corporation, Huntsman International LLC, Tronox, Inc, Rockwood Holdings, Inc., Lanxess AG, Atlanta AG, Ferro Corporation. And Merck
The growing demand for Ammonium Nitrate Market Size from end-use industries such as mining and construction is encouraging manufacturers to expand their production capacities. Ammonium nitrate plays a vital role in construction activities by enabling excavation and breaking hard surfaces in an effective manner. Its use in mining activities has increased significantly over the past few years owing to growing mineral extraction.
Major manufacturers are focusing on tapping opportunities in emerging economies through strategic expansions and partnerships. Rapid industrialization and increasing investments in infrastructure development in Asia Pacific and Latin America are expected to drive the regional demand. Partnerships with local distributors help manufacturers to strengthen their distribution network and market position globally.
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