According to a market report by Lucintel, the future of the global nitric acid and ammonium nitrate based fertilizer product market looks promising with opportunities in the agriculture, horticulture, and turf & ornamental markets. The global nitric acid and ammonium nitrate based fertilizer product market is expected to grow with a CAGR of 3.7% from 2025 to 2031. The major drivers for this market are the increasing demand for high-yielding agricultural products, the rising need for efficient nitrogen-based fertilizers, and the growing adoption of precision farming techniques.
A more than 150-page report to understand trends, opportunity and forecast in nitric acid and ammonium nitrate based fertilizer product market to 2031 by product type (nitric acid, ammonium nitrate, and others), application (agriculture, horticulture, turf & ornamental, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product type category, ammonium nitrate is expected to witness higher growth over the forecast period.
Within the application category, agriculture is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Yara International, CF Industries Holdings, Nutrien, OCI, EuroChem Group are the major suppliers in the nitric acid and ammonium nitrate based fertilizer product market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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