India Ammonium Nitrate Market 2027 – Forecast & Projected Growth

India ammonium nitrate market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to the rising demand for ammonium nitrate in the agricultural sector as it helps in producing an adequate amount of food. Moreover, the growing concerns about the limited arable and rapidly growing population have prompted the farmers to adopt quality fertilizers such as ammonium nitrate to secure the surging food demand. Besides this, the rapidly growing construction activities across the globe, particularly in urban areas, have significantly proliferated the demand for explosives. Furthermore, the rising production and demand for manganese, bauxite, and base materials are anticipated to propel the need for blasting products, hence driving the demand for ammonium nitrate. In line with this, the high investments by the leading mining companies to explore new mining sites for valuable minerals and metals are expected to further augment the growth of the India ammonium nitrate market.

Ammonium nitrate refers to a white crystalline solid chemical compound that is widely utilized as a fertilizer and as a component in some explosives. It is composed of ammonium and nitrate and is highly soluble in water. In the agriculture industry, it is extensively utilized as a high-nitrogen fertilizer. Ammonium nitrate is also used as an absorbent for nitrogen oxides and as an oxidizer in rocket propellants. It is further utilized in explosives for blasting rocks and mining.

Rapidly Growing Agriculture Industry, Along with Surging Demand for Quality Food, Fuels the Market Growth.

With the growing population and inflating disposable income of consumers, the demand for quality food has increased. According to the Ministry of Statistics and Programme Implementation, India ranks as the second most populous country in the world after China. It is projected that India is most likely to take over China to become the most populous country in the world by 2027 with a population of 1,27 billion people. Fertilizers contain a crucial macronutrient, nitrogen. Nitrogen fertilizers are extensively utilized in the agricultural industry for crop growth. Rapid urbanization, rise in disposable income, and changes in dietary behavior such as preferences for quality and nutritive agricultural products have collectively influenced food security. As a result, farmers across the world are focusing on increasing crop production to cater to such bolstering food demands. Moreover, the limited availability of arable land has significantly enhanced the adoption of fertilizers, which in turn is providing a boost to the India ammonium nitrate market.

Increasing Construction & Mining Activities Propels the Product Demand

As stated above, with the increasing population, especially the rise in urban population, the need for building residential buildings has increased. Both government and private sectors are investing intensively in building residential infrastructures to cater to the propelling demand for the residential sector. Moreover, the aim of the Indian government to transform cities into smart cities is also adding to the growth of the construction industry. Ammonium nitrate is widely utilized in the construction of buildings. Apart from this, several mining companies are also increasingly using ammonium nitrate to explore new mining sites in search of valuable material. Ammonium nitrate is the primary component of slurry explosives, and low-density ammonium nitrate is widely employed in mining activities. It is intentionally made very porous to allow for the rapid uptake of liquid fuel oil.

DOWNLOAD FREE SAMPLE REPORT @ https://www.techsciresearch.com/sample-report.aspx?cid=12795

 

 

Market Segmentation

The India ammonium nitrate market is segmented on the basis of solids, application, end-user, competitive landscape, and regional distribution. Based on solids, the market is differentiated between high-density ammonium nitrate and low-density ammonium nitrate. By application, the market is bifurcated into fertilizers, explosives, and others. Based on end-users the market is fragmented into agriculture, mining, defense, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North India, South India, East India, and West India.

Company Profile

Deepak Fertilizers and Petrochemicals Corporation Limited, Rashtriya Chemicals & Fertilizers Ltd., National Fertilizers Limited, and Gujarat Narmada Valley Fertilizers & Chemicals Company of the leading market players responsible for the growth of India ammonium nitrate market.

 

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	·         Solids ·         Application ·         End user ·         Region
Regional scope	North India, South India, East India, West India
Key companies profiled	Deepak Fertilizers and Petrochemicals Corporation Limited, Rashtriya Chemicals & Fertilizers Ltd., National Fertilizers Limited, and Gujarat Narmada Valley Fertilizers & Chemicals Company
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, India ammonium nitrate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Ammonium Nitrate Market, By Solids:

o   High Density Ammonium Nitrate

o   Low Density Ammonium Nitrate

• India Ammonium Nitrate Market, By Applications:

o   Fertilizers

o   Explosives

o   Others

• India Ammonium Nitrate Market, By End User:

o   Agriculture

o   Mining

o   Defense

o   Others

• India Ammonium Nitrate Market, By Region:

o   East India

o   West India

o   North India

o   South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Ammonium Nitrate Market.

 

 

 

Related Reports

Flavours and Fragrances Market - Analysis, Industry Size & Share

Iodine Market 2027 – Forecast & Projected Growth

Automotive Plastic Materials Market 2027 – Forecast & Projected Growth

India Phosphatic Fertilizers Market Outlook and Forecast till 2027

Automotive Paints Market 2027 - Trends, Opportunities & Forecast

France Personal Care Ingredients Market - Predicted Growth, Trends, Opportunity & Analysis

Germany Personal Care Ingredients Market 2027 – Size, Growth Trends & Forecast

 

 

Table of Content

1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on India Ammonium Nitrate Market
4. Impact of Russia-Ukraine War on India Ammonium Nitrate Market
5. Executive Summary
6. Voice of Customer
7. India Ammonium Nitrate Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value & Volume

7.2.  Market Share & Forecast

7.2.1. By Solids (High Density Ammonium Nitrate v/s Low Density Ammonium Nitrate)

7.2.2. By Application (Fertilizers, Explosives, Others)

7.2.3. By End User Industry (Agriculture, Mining, Defense, Others)

7.2.4. By Region

7.2.4.1.         By State (Top 3 States)

7.2.5. By Company (FY2022)

7.3.  Product Market Map

8. India High Density Ammonium Nitrate Solids Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value & Volume

8.2.  Market Share & Forecast

8.2.1. By Application

8.2.2. By End User Industry

9. India Low Density Ammonium Nitrate Solids Market Outlook

9.1.  Market Size & Forecast          

9.1.1. By Value & Volume

9.2.  Market Share & Forecast

9.2.1. By Application

9.2.2. By End User Industry

10. Market Dynamics

10.1.              Drivers

10.2.              Challenges

11. Market Trends & Developments
12. Policy & Regulatory Landscape
13. Pricing Analysis
14. Key Domestic Customers of Ammonium Nitrate Analysis
15. Import-Export Analysis
16. India Economic Profile
17. Competitive Landscape (Inclusive of SWOT Analysis)

17.1.              Deepak Fertilizers and Petrochemicals Corporation Limited

17.2.              Rashtriya Chemicals & Fertilizers Ltd.

17.3.              National Fertilizers Limited

17.4.              Gujarat Narmada Valley Fertilizers & Chemicals Company

18. Strategic Recommendations
19. About us & Disclaimer