U.S. Ammonium Nitrate Market Outlook

the u.s. ammonium nitrate market is poised for growth in the years 2018 to 2032, thanks to the increasing demand for fertilizer, explosives, and other similar applications. the fertilizer segment constitutes around 45% of the total ammonium nitrate production and is expected to propel the growth of the market in the near future. the growth of this segment is mostly driven by the rising food demand in the country. in additon, the increasing prevalence of agro-based industries and the advancing agricultural practices are expected to boost the demand for ammonium nitrate in this segment. the explosives segment is projected to be the second-largest segment of the u.s. ammonium nitrate market in terms of demand. in the explosives segment, ammonium nitrate serves as a crucial raw material for the production of explosive materials for large-scale applications in the military, aerospace, and other industries. the rising investments in the defense and aerospace sectors are projected to contribute significantly to the growth of the ammonium nitrate market in the near future. in addition to fertilizer and explosives, ammonium nitrate is also used in the industrial sector, for various power generation and flue gas treatment applications. the rising focus of the manufacturers on deploying versatile and efficient technologies in order to meet the growing energy needs of the industrial sector is expected to create a major demand for ammonium nitrate in the near future. besides, the rapid advancement of industrial processes and the shift towards the adoption of renewable energy sources is anticipated to drive the demand for ammonium nitrate over the forecast period. overall, the u.s. ammonium nitrate market is anticipated to witness healthy growth in the years 2018 to 2032. to capitalise on this opportunity, market participants are heavily investing in expanding their production capacities and consolidating their foothold in the industry by forming partnerships.