India Ammonium Nitrate Market - Future, Scope, Trends
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 an adequate amount of food. Moreover, the growing concerns about the limited arable and 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 urban areas, have 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 are expected ...