Market overview:
Ammonium Nitrate Market has been valued $4.7 billion in the year 2019 and it is estimated to reach $14.5 billion by the year 2026, with a CAGR of 4% from 2021 to 2026. Ammonium Nitrate is mostly used commonly in the fertilizers, and also in the pyrotechniques, herbicides, and insecticides; and in the manufacture of nitrous oxide. It is used as an absorbent for nitrogen oxides, an ingredient of freezing mixtures, an oxidizer in rocket propellants, and a nutrient for yeast and antibiotics; these are the main factors that have considerably increased the demand for the Ammonium Nitrate in the market, thereby driving the huge growth of the Ammonium Nitrate market in the upcoming years.

Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Ammonium Nitrate in the market is mainly due to the huge rise in the high-quality crop is incrementing significantly which is boosting the consumption of fertilizers over the past few years. This has prompted the expansion and remodelling of older production facilities and building new ammonium nitrate manufacturing plant to meet the surging demand and also growing agricultural activities across the world, the demand for solid ammonium nitrate is expected to rapidly increase over the; these are the main factors that have considerably increased the demand for the Ammonium Nitrate in the market, thereby driving the huge growth of the Ammonium Nitrate market in the upcoming years.

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Report is segmented as:
Ammonium Nitrate Market is segmented on the basis of by product; on the basis of by form; on the basis of by end-user:
* Ammonium Nitrate Market is segmented on the basis of by product into High density ammonium nitrate and Low density ammonium nitrate
* Ammonium Nitrate Market is segmented on the basis of by form into Granular and Powder
* Ammonium Nitrate Market is segmented on the basis of by end-user into Agriculture, Civil construction, Mining & Quarrying, and Others

Geographical Segmentation:
Ammonium Nitrate Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Ammonium Nitrate is due to the increase in demand for explosives in defence these are the main factors that have considerably increased the demand for the Ammonium Nitrate in the North America region, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Ammonium Nitrate Market.

Impact of COVID-19 on Market
Covid-19 pandemic has impacted the growth of the Ammonium Nitrate market, The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Ammonium Nitrate market. Covid-19 pandemic has impacted huge on the sales revenue of Ammonium Nitrate market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Ammonium Nitrate market growth