Pro
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | USD Billion |
|---|---|
| 2018 | 0.07313510821908796 USD Billion |
| 2019 | 0.07484804232015382 USD Billion |
| 2020 | 0.07659506614159547 USD Billion |
| 2021 | 0.07844300159690053 USD Billion |
| 2022 | 0.08033577195078513 USD Billion |
| 2023 | 0.08227447288459462 USD Billion |
| 2024 | 0.08426022710789313 USD Billion |
| 2025 | 0.08629418503332273 USD Billion |
| 2026 | 0.08837752546857693 USD Billion |
| 2027 | 0.09051145632593062 USD Billion |
| 2028 | 0.09339352126745806 USD Billion |
| 2029 | 0.09636745086087416 USD Billion |
| 2030 | 0.1002371742781578 USD Billion |
| 2031 | 0.10283455536464715 USD Billion |
| 2032 | 0.10549932736123792 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
Italy is the largest producer and exporter of ammonium nitrate, accounting for around 45% of the world production. The demand for ammonium nitrate in Italy has been increasing at a steady rate over the past few years due to its proven effectiveness in a variety of applications. In 2018, the Italian ammonium nitrate market was estimated at almost $2 billion, with demand concentrated mainly in the fertilizer and explosives sectors, while other end-uses include metal fabrication, automotive, and pulp, paper & Packaging. The Fertilizer sector accounts for around 80% of the total ammonium nitrate consumption in Italy and is expected to remain the fastest-growing sector over the forecast period. Growing demand for fertilizer in the region due to increasing population and rising crop yields will lead to increased consumption of ammonium nitrate. The Explosive manufacturing sector is the second leading consumer of ammonium nitrate in the country. This sector is mainly driven by the increasing demand for explosives from the construction, mining, and military segment. The military segment remains the main consumer of explosives in this sector, driven by the growing demand for ammunition in the country.
The automotive, metal fabrication, and pulp, paper & packaging sectors also consume a significant amount of ammonium nitrate in Italy. Although, these sectors are each relatively small consumers in terms of total demand but their demand is expected to show strong growth over the forecast period as well. Overall, the demand for this commodity in Italy is expected to remain strong over the next decade, with an expected CAGR of 5.2%. The fertilizer and explosivess sectos are both expected to remain the major contributors to Italy’s ammonium nitrate demand over the forecast period, with the automotive, metal fabrication, and pulp, paper & packaging sectors also expected to show healthy growth. The demand for ammonium nitrate is expected to be further driven by the country’s efforts to increase production of nitrogen-based fertilizer in the coming years. By providing several incentives and subsidies to domestic producers, the country will witness an increased production of nitrogen-based fertilizer in the near future, in turn raising the demand for ammonium nitrate.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.