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SELBYVILLE, Del., Dec. 10, 2020 /PRNewswire/ -- Based on Global Market Insights Inc.'s report, the global Ammonium Nitrate Market was estimated at $17 billion in 2019 and is slated to surpass
$19 billion by 2026, registering a
CAGR of 3.8% from 2020 to 2026. The report gives a complete analysis of the top winning strategies, drivers & opportunities, market estimations as well as size, top investment avenues, wavering industry trends, and competitive scenarios.
The ammonium nitrate solution in the segment is likely to witness a 3.5% CAGR by 2026 in ammonium nitrate market share, owing to its cost-effective nature, and convenience in quality, and range of temperature over long-distance transportation. The product is suitable to produce emulsion matrix and fertilizers. ANS provides strict process control, which results in excellent purity and pH. These products can't be stored for a longer period of time due to their tendency to absorb moisture from the air, which makes it suitable for making solutions for the fertigation of foliar spray. Rising fertilizer demand will surge their penetration in the market over the upcoming years.