The article cited AMA's "Asia-Pacific Urea Ammonium Nitrate Market Study" explored CAGR of %. According to the report, Rising Adoption in Product Innovations and Multi-Functional Fertilizers is one of the primary growth factors for the market. Robust Growth of Mining Operation in the Region
is also expected to contribute significantly to the Urea Ammonium Nitrate market. Overall, Crop-Based (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others)
applications of Urea Ammonium Nitrate, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Form, such as Liquid, is boosting the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End- User Industries, such as Industrial chemicals, is boosting the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Density, such as High Density, is boosting the Urea Ammonium Nitrate market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Asia-Pacific Urea Ammonium Nitrate market identified that the demand is rising in many different parts of the world as "Growing Agriculture and Mining Sector in Different Regions of Asia-Pacific
". Furthermore, some recent industry insights like "The Company Chambal Fertilizers and Chemicals is building a 790 000 tpy ammonia plant in their region and a 1.44 million tpy urea plant, that is expected to begin operating by 2019. New ammonia-urea units are being built in Barauni, Bihar, Sindri, and Jharkhand, and expected to come onstream in 2021." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Asia-Pacific Urea Ammonium Nitrate market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Urea Ammonium Nitrate market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Urea Ammonium Nitrate market size is calculated using market estimation process, the Urea Ammonium Nitrate market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Asia-Pacific Urea Ammonium Nitrate market size has been validated using both top-down and bottom-up approaches.