"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Ammonium Nitrate Market Size, Share & Industry Analysis, By Application (Fertilizers, Explosives, Others), By End Use Industries (Agriculture, Mining, Defense, Other)Others and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI102305 | Status : Ongoing



Ammonium nitrate is a pure, crystalline, water-soluble powder formed by vaporous ammonia reacting to nitric acid. The use of ammonium nitrate in gardens promotes plant growth.It is primarily used in explosives, fertilizers, freezing mixtures and nitrous oxide manufacturing. Ammonium nitrate is also a chemical commonly used in farm fertilizers, is a highly explosive compound. The growing worldwide agriculture industry has triggered the demand for fertilizers that are essential for the growth of crops Plants consume nitrogen in the form of nitrate which is readily available in ammonium nitrate. The conversion of the nitrogen portion to anitrate into urea results in a high loss of nitrogen. Furthermore, fertilizers based on ammonium nitrate release nitrogen in the atmosphere at a much slower rate which improves longevityTherefore, fertilizers based on ammonium nitrate are commonly used in the agricultural industry. The large increase in demand for high quality crops has also increased the use of fertilizers.

Key Market Driver -

Increasing fertilizer demand in the world drives the market.

Key Market Restraint -

Implementation of stringent rules along with availability of substitutes restraints the market.

Ammonium nitrate is a good fertilizer as it dissolves readily in soil water, where it is available for plant to uptake immediately. Most vegetable growers tend to use ammonium nitrate which proves to be an immediate available source for plant nutrition. As it is less vulnerable to volatilization losses when left on the soil surface, livestock farmers like it for pasture and hay fertilization. The high solubility of ammonium nitrate makes it ideal for the manufacture of fertilisation solutions or sprays. Thus, the  increasing demand for fertilizers has in turn increased the requirement and consumption of ammonium nitrate thus driving the market.

However, the availability of alternatives restrains market growth. The Government has issued strict rules on the manufacture, storage, transportation and use of ammonium nitrate to avoid being misused in a terrorist act. This will hinder the growth of the demand for ammonium nitrate as the use of the other available alternatives has increased in the application segments of fertilizers and explosives.

Market Segmentation:

On the basis of application, the market of ammonium nitrate is segmented fertilizers,explosives and others .On the basis of end-use industry, the market is segmented into agriculture, mining, defense and others. From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Ammonium Nitrate Market Key Players Covered:

The Ammonium Nitrate market is fairly fragmented with a number of global & regional players operating. Some of the key players in the global Ammonium Nitrate includes Yara International ASA, Orica Ltd, Sigdo Koppers Group,CF Industries Holdings, Inc., Incitec Pivot Ltd, Neochim Ad, EuroChem Group AG, OSTCHEM Holding Company, Fertiberia SA, Borealis AG, San Corporation, Abu Qir Fertilizers Co, Deepak Fertilisers and Petrochemicals, CSBP Limited, Uralchem and others.

Key Insights

  • New Advancements in Production Technologies

  • Key Trends in Ammonium Nitrate market

  • New Product Launches, Expansions, Key Players

  • Ranking of key Players in the Market

Regional Ammonium Nitrate Market Analysis:

The global Ammonium Nitrate market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The Ammonium Nitrate market is dominated by the Asia-Pacific region in terms of both consumption and production. China, India, Taiwan, Japan, South Korea are the major manufactures of Ammonium Nitrate in the World and thus, the use of ammonium nitrate is high in these countries due to increased food safety concerns around the globe. This, in turn, has led to concerted efforts by governments, farmers and organizations to increase the yield per unit of cultivated land, resulting in a significant increase in the demand for fertilizers, thereby driving market growth.

North America's global market for ammonium nitrate has seen a high growth. This huge demand for ammonium nitrate is a consequence of the increasing demand for ammonium nitrate fuel oil and increased demand for defence explosives. Growth of agricultural activities in the region due to the growth in application in fertilizers over the forecast period is one of the reasons for the growth in this region

To gain extensive insights into the market, Request for Customization

Europe holds a significant share in the market. This rise is driven by a rapidly rising market for civil explosives to accelerate mining & quarrying and construction. Countries like Brazil, Mexico and Argentina in Latin America are expected to experience average and significant growth due to fertilizers based on ammonium nitrate. Countries in the Middle East and Africa including Qatar, Oman, Saudi Arabia expected to experience strong demand for accounting in the mining sector.




By Application

  • Fertilizers

  • Explosives

  • Others

By End Use Industries

  • Agriculture

  • Mining

  • Defense

  • Other

By Geography

  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Ammonium Nitrate Industry Developments

  • In Aug 2016, Yara today officially opened the plant, marking an exciting development in the company’s growth strategy and investment in Australia. The plant, developed in joint venture by Yara International ASA and Orica Limited, will have capacity to produce 330,000 tonnes of ammonium nitrate (AN) per annum.

  • In October 2015, Yara International acquired 100% of the shares in Apache Fertilisers Pty Ltd, which holds Apache's 49% ownership position in Yara Pilbara Holdings Pty Ltd (YPHL), for USD 391 million.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

LG Chem

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.