Ammonium Nitrate Market 2022 Product development, Demographic Strategy, Trend, Global Segments by Forecast 2030
Ammonium Nitrate Market Synopsis Market Research Future (MRFR) in their latest report on the ammonium nitrate market revealed the pos s ibility of attaining robust CAGR during the forecast period (2016–2023). Ammonium nitrate is a white, solid, crystal compound that is highly soluble in water. Almost all of it that is in use now across the world are synthetic. The compound is hygroscopic in nature which means it can absorb moisture from air quite easily. That is why the product often comes in sealed packs. It has multiple uses across industries such as food, defense, agriculture, and others. MRFR, in their global report of the ammonium nitrate market, analyzed it by breaking the market profile down to segments and their volume-wise and value-wise contribution. At the same time, they have focused on factors that can have a significant global impact in the coming years. The agricultural sector is benefitting the most from ammonium nitrate production. Its application as...