India Ammonium Nitrate Market, By Solids, By Application, By End User Industry, and By Region, Compe (Automobiles & Vehicles - Other Auto Ads)

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India Ammonium Nitrate Market, By Solids, By Application, By End User Industry, and By Region, Compe


India Ammonium Nitrate Market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to the rising demand for ammonium nitrate in the agricultural sector as it helps in producing adequate amount of food. Moreover, the growing concerns towards the limited arable and the rapidly growing population have prompted the farmers to adopt quality fertilizers such as ammonium nitrate to secure the surging food demand. Besides this, the rapidly growing construction activities across the globe, particularly in the urban areas, has significantly proliferated the demand for explosives.
Furthermore, the rising production and demand for manganese, bauxite, and base materials are anticipated to propel the need for blasting products, hence driving the demand for ammonium nitrate. In line with this, the high investments by the leading mining companies to explore new mining sites for valuable minerals and metals is expected to further augment the growth of the India ammonium nitrate market.

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Target State: All States
Target City : Navi Mumbai
Last Update : Nov 16, 2022 2:45 AM
Number of Views: 34
Item  Owner  : vidhya
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2023-02-04 (0.400 sec)