South America Ammonium Nitrate market

Synopsis
The above chart is Global Ammonium Nitrate market [2015-2025] by South America

Market Dynamics

mexico accounted for the largest market share in 2017 in the south america ammonium nitrate market, and is expected to reach usd 358.61 million in 2025 from usd 271.39 million in 2017.this market is projected to grow at a cagr of 3.75% during the forecast period from 2018 - 2025. fertilizers segment accounted for the largest market share in 2017, this market is expected to reach usd 388.98 million in 2025 from usd 306.94 million in 2017. this market is projected to grow at a cagr of 3.21% during the forecast period from 2018 - 2025. however, explosives segment is the fastest growing market, which is expected to grow at a cagr of 4.02% during the forecast period 2018 - 2025. agriculture segment accounted for the largest market share in 2017, this market is expected to reach usd 384.47 million in 2025 from usd 302.27 million in 2017. this market is projected to grow at a cagr of 3.26% during the forecast period from 2018 - 2025. however, mining and quarring segment is the fastest growing market, which is expected to grow at a cagr of 4.08% during the forecast period 2018 - 2025.