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  Overview: Ammonium nitrate can be defined as a salt of ammonia and nitric acid that is colorless and almost odorless compound. This chemical compound is soluble in water and has wide-scale applications as fertilizers, major component in the manufacturing of explosives, production of medicines like antibiotics and yeast. The compound is hygroscopic in nature owing to which its moisture consumption is quite high and its use as fertilizer is quite varied. In food industry, its use to preserve food can be taken into consideration for significant growth. The global market for ammonium nitrate can make sure that the market grows ahead significantly. The global market for ammonium nitrate can benefit from the rising need for the product as fertilizer for the agricultural benefits, as explosives for mining and defense sectors, in various construction sites, and others. these factors can trigger high market uptake for ammonium nitrate .  However, stringent government policies can det...