Middle East & Africa Ammonium Nitrate Market Outlook

Synopsis
The above chart is Middle East & Africa Ammonium Nitrate Market Outlook (2018 to 2032)

Market Dynamics

the middle east and africa ammonium nitrate market is poised to witness significant growth during the forecast period 2018-2032. this can be attributed to the increasing demand for fertilisers in the region, in order to meet the requirements of the growing population. moreover, its use as a detonator or explosive in the middle east, for military and civilian construction activities, is also contributing to the market growth. the middle east and africa ammonium nitrate industry is likely to benefit from the emerging trend of bi-layered coating technology in fertilisers, which is gaining popularity among the manufacturers due to its multi-functional application. the technology ensures that the essential nutrients and features of the fertilisers are absorbed by the soil more quickly, thereby enhancing its effectiveness. furthermore, manufacturers are also experimenting with slowly weathering coatings such as micronutrients coated ammonium nitrate (mca). such new technology and innovations are expected to propel the market growth in this region. in line with the stringent government regulations and policies, market players are collaborating with research institutes and universities in order to devise new ways of manufacturing such fertilisers in an eco-friendly manner. moreover, the implementation of low, medium and large scale projects, especially in countries such as iran, iraq and saudi arabia, is anticipated to drive the market growth. these projects, mostly focusing on infrastructural and agricultural advancements, involve the use of ammonium nitrate as a raw material or a fertiliser additive. however, volatile prices of raw materials and increasing imports of ammonium nitrate from other regions, are some of the major restraints inhibiting the regional ammonium nitrate market growth. additionally, the health hazards of ammonium nitrate, arising due to inhalation or direct contact with the skin, can also be a major concern, in particular in the middle east and north africa. in conclusion, with ongoing advancements in fertilisers industry and persistent infrastructural development, the middle east and africa ammonium nitrate market is expected to witness sustained growth during the period 2018 – 2032.