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Monomethylamine Nitrate Market By Application (Water Gel/Slurry Explosives, Emulsion Explosives, Seismic Explosives) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Monomethylammonium nitrate is an explosive chemical with the molecular formula CH6N2O3. Monomethylamine nitrate is commonly used in military and industrial explosives. Nowadays, monomethyl amine nitrate is used in mining and quarrying industries. The global monomethyl amine nitrate market is expected to witness steady growth globally with increasing mining activities across the world.

We have considered the following applications of monomethyl amine nitrate to estimate the global market:

  • Water Gel/Slurry Explosives
  • Emulsion Explosives
  • Seismic Explosives

The market size and forecast of each application and form are presented for the period 2015–2025, along with their respective CAGRs% for the forecast period 2017–20255.

Geographically, the global monomethyl amine nitrate market is studied for the following regional markets:

  • North America
  • U.S.
  • Canada
  • Europe
  • E.U.7
  • CIS
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • GCC
  • Rest of the Middle East and Africa

The market size and forecast for the period 2015–2025, along with the CAGRs for the period 2017–2025 for the mentioned segments, are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges, and opportunities) and market inclination insights are provided in this market assessment report. Tools such as market competition analysis and attractive investment propositions are also included in this study for the assessment of the overall market competition. The report concludes with a section on company profiles that highlight key information about the major market players operating in the global monomethyl amine nitrate market.

Chemicals Alkyl Amines LimitedBOC Sciences Ltd., Balaji Amines Ltd., Haihang Industry Co., Ltd., Tamil Nadu Industrial Explosives Ltd., Yick-Vic Chemicals & Pharmaceuticals (HK) Ltd., Tokyo Chemical Industry Co., Ltd., Spectrum Chemical Mfg. Corp., Merck KGaA, and SPEX CertiPrep. are among the few key manufacturers in the monomethyl amine nitrate market.

Purpose of the Report

The purpose of this strategic research study titled "Monomethylamine Nitrate Market: Growth, Opportunities, Share, and Competitive Analysis, 2017–2025" is to offer industry investors, company executives, and other industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the monomethyl amine nitrate market.

Target Audience

  • Industry Investors
  • Procurement Managers from End-User Companies
  • Monomethylamine Nitrate Manufacturers
  • Distributors

Based on applications, the monomethyl amine nitrate market is categorized into the following segments:

  • Water Gel/Slurry Explosives
  • Emulsion Explosives
  • Seismic Explosives

Monomethylamine nitrate is considered a key sensitizer for explosives. Economic benefits coupled with high performance are expected to aid in the growth of the monomethyl amine nitrate market. The global monomethyl amine nitrate market, according to application, is segmented into three categories: water gel/slurry explosives, emulsion explosives, and seismic explosives.

Among all the applications, the water gel/slurry explosives segment dominated the global market in 2016 in terms of value. The emulsion explosives segment is followed by seismic explosives, which collectively contributed more than 45% of the market share by value in 2016. Emulsion explosives are projected to be the fastest-growing application segment during the forecast period.

The mining industry is one of the dominant end users of industrial explosives, with coal mining being one of the largest consuming sectors. Metal mining, which occurs in specific geological areas, and the rising demand for metallic minerals indirectly drive the global monomethyl amine nitrate market. In 2016, Asia Pacific and North America together accounted for more than 60% of the global monomethyl amine nitrate market by geography. Latin America, Asia Pacific, and MEA regions possess large untapped opportunities in mining, quarrying, and civil work, and hence the monomethyl amine nitrate market is expected to grow at a significant CAGR from 2017 to 2025. Also, the upsurge in demand for stone and cement for construction activities across the globe propels quarrying operations. This has generated demand for monomethyl amine nitrate since it plays a critical role in explosives production.

Frequently Asked Question:

The market for Monomethylamine Nitrate Market is expected to reach USD$ 8,569.5 Mn in 2025.

The Monomethylamine Nitrate Market is expected to see significant CAGR growth over the coming years, at 3.3%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Alkyl Amines LimitedBOC Sciences Ltd., Balaji Amines Ltd., Haihang Industry Co., Ltd., Tamil Nadu Industrial Explosives Ltd., Yick-Vic Chemicals & Pharmaceuticals (HK) Ltd.are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2017
Category:  Chemicals
Report ID:   58638
Report Format:   PDF
Pages:   120
Rating:    4.7 (80)
Delivery Time: 24 Hours to 48 Hours   
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