Ammonium Nitrate Market Size the Most In-Demand Products Across the World and Global Forecast till 2030
Market Analysis The global ammonium nitrate market is likely to grow at a healthy CAGR between 2016- 2023, as per the recent report by Market Research Future (MRFR). Ammonium nitrate or the salt of ammonia & nitric acid is a nearly odorless and colorless chemical compound that is soluble in water. It comes in a crystalline solid form that can be made into prills for some specific applications. Owing to its alluring features and multiple benefits, ammonium nitrate has wide applications in fertilizers, explosives, and others. Various factors are adding to the global ammonium nitrate market size growth. Such factors, according to the new MRFR report, include increasing repairing infrastructure activities, rising construction activities in developing and developed regions, growth in mining activities resulting in increased consumption of explosives, and increasing mining activities due to increasing consumption of coal for energy production. Besides, growing demand fo...