Ammonium Nitrate Market - Global Industry Analysis

Ammonium Nitrate Market By Application (Explosives, Fertilizers, and Others), By End-User (Mining, Defense, Agriculture, and Others), and By Region - Global and Regional Industry Overview, Market Size, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 30-Jun-2022 Category: Chemical & Materials Report Format : PDF Pages: 220 Report Code: ZMR-7004 Status : Published

The global ammonium nitrate market generated a market revenue of $16B in 2021 and is anticipated to grow at a CAGR of 3.43% during the forecast period amassing a revenue of $22.5B by 2028.

Description

Market Size:

The global ammonium nitrate market generated a market revenue of $16B in 2021 and is anticipated to grow at a CAGR of 3.43% during the forecast period amassing a revenue of $22.5B by 2028. The report analyzes the ammonium nitrate market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the ammonium nitrate market.

Ammonium Nitrate Market: Overview

Ammonium nitrate is a white crystalline solid chemical compound made of ions of ammonium and nitrate. It is highly water-soluble while also displaying properties of retaining water from the environment either through absorption or adsorption, however, the compound does not hydrate. Since ammonium nitrate is an extremely volatile substance, there are numerous guidelines and safety measures mentioned on the safety data sheets provided by the manufacturers and by different governments.

Pure ammonium nitrate is not inflammable but is a strong oxidizer and supports the combustion of organic & some inorganic material, however, storing it near combustible items should be avoided. Ammonium nitrate is stable at normal temperature pressure but a strong initiation charge may cause it to detonate and its storage near blasting agents or explosives is prohibited.

The global ammonium nitrate market is one of the highly observed markets because of the extremely disastrous application of the compound under improper care along with a few small and large-scale incidents in the past.

Global Ammonium Nitrate Market

Covid-19 Impact:

The global market growth witnessed a minor glitch during Covid-19 because of the temporary closure of non-essential factories and industries along with disturbances in the supply chain of raw materials and end goods.

If some of the concerns related to the industry are not properly managed, the global market growth may get restricted in the long term because unsuitable use of the product has many disastrous implementations.

Ammonium Nitrate Market: Growth Drivers

Rising demand in agriculture, defense, and mining sectors to aid market growth

Ammonium nitrate is used extensively as a fertilizer with an NPK rating of 34-0-0. It is preferred over urea owing to its higher stability and lesser dispersion of nitrogen to the atmosphere making it more acceptable in the field of agriculture since crops consume nitrogen in the form of nitrate. The agriculture sector has been growing exponentially because of the rising population and subsequent food demand. Agriculture is one of the most essential as well as key driving sectors for many economies which is aided by the adoption of technology and extensive R&D in food cultivation. The differential rise in the agricultural products and the food sector is anticipated to propel the global ammonium nitrate market growth.

Ammonium nitrate is capable of creating explosive mixtures of different properties when combined with other products or fuels. Hence, the military and defense segments of many economies use the product for creating explosives. However, a key point to note is that the use in the military is for defense purposes only and the mixtures are created as per military-dictated guidelines and under extreme supervision. The global market is projected to grow in the coming years because of rising demand in mining and construction as well.

Ammonium Nitrate Market: Restraints

Safety issues related to the use of ammonium nitrate to restrain the market growth

Since ammonium nitrate is used for creating explosives, the product has already been used in terrorist activities multiple times raising safety-related concerns. Because of the rising misuse of ammonium nitrate in anti-national activities, many governments have established stringent rules for the manufacturing of the chemical compound. These rules apply to all sectors where ammonium nitrate is used thus making it difficult for regular manufacturers as well to create the compound easily or hassle-free.

The global ammonium nitrate market growth may also be restricted because of other harmful effects of the compound like health issues as prolonged exposure to nitrate can lead to eye irritation and other uncomfortable physical reactions.

Ammonium Nitrate Market: Opportunities

Growing demand in the mining and construction industry to provide ample market growth opportunities

With the expanding population, there is a rise in the demand for necessities which in turn has propelled the growth of consumer products. When coupled with the higher demands for products like vehicles, buildings, or other such products, leads to the increased need for coal which acts as a first source of energy generator to manufacture these products. The subsequent rise in mining activities is expected to provide for multiple growth opportunities in the global market, especially in developing nations that have recently expanded the consumer product database owing to urbanization and high income amongst the general population.

The growth in construction of newer sites as well as restoration of older buildings may also provide expansion opportunities in the global market.

Ammonium Nitrate Market: Challenges

Presence of substitutes along with the prevention of hazardous incidents to pose challenges to market expansion

Owing to the misuse of ammonium nitrate in unacceptable and unpleasant activities, there are ongoing research activities conducted worldwide for the substitute of ammonium nitrate, for example, a mixture of urea and ammonium sulfate which is expected to deliver the same results as ammonium nitrate minus the harmful properties. This poses a major challenge in the global market growth along with detailed protocols to be followed while handling ammonium nitrate to prevent any hazardous event. Many economies are now phasing out the use of the chemical compound because of many fatal explosions that have occurred in the past.

Ammonium Nitrate Market: Segmentation

The global ammonium market is segmented based on application, end-user, and region.

Based on application, the global market is segmented as explosives, fertilizers, and others. The segment is expected to be dominated by its application in manufacturing fertilizers owing to the abundant presence of nitrate in the chemical compound which is used extensively by crops during their growth phase.

Based on end-user, the global market segments are mining, defense, agriculture, and others where the agricultural sector is expected to dominate the segment. In 2020, because of the high use of ammonium nitrate in agriculture, it alone accounted for 74% of the global market share and is anticipated to showcase the same effect in the coming years.

Recent Developments:

  • In December 2021, Deepak Fertilisers and Petrochemicals Corporation Limited, a leading giant of agricultural chemicals, crop nutrients, and fertilizers in India, announced the launch of a Rs 2200 Cr technical ammonium nitrate plant in Odisha state. The installation of the plant will make the corporation a key supplier of ammonium nitrate in the entire eastern region of India.
  • In August 2020, after the fatal explosion of ammonium nitrate containers at Beirut port, the country’s government changed rules and regulations related to the storage of the chemical compound by introducing fire-fighting provisions along with better handling and storage procedures to be followed.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Ammonium Nitrate Market: Regional Landscape

Asia Pacific to dominate the global market in the coming period

The global ammonium nitrate market is expected to be dominated by Asia-Pacific owing to increased food safety regulations in countries like India, China, Japan, and South Korea with higher revenues both in terms of consumption and production. This is also propelled by the exponential rise of population in these regions aiding the demand for food products along with the availability of large land segments, growing interest in organic farming, and adoption of technologically advanced equipment in farming.

North America is expected to generate high revenue because of rising demand in the mining and defense sector for infrastructure maintenance and further development mainly in regions like the USA and Canada where the economic stability and government spending are high.

This is followed by Europe owing to the growing civil explosives and construction market and the keen interest of the government to expand their agricultural sector

Ammonium Nitrate Market: Competitive Landscape

The key players in the global ammonium nitrate market are Abu Qir Fertilizers Co., Fertiberia SA, Enaex S.A, Austin Powder International, Borealis, OSTCHEM Holding Company, CF Industries Holdings, Orica Ltd., Yara International, Inc., EuroChem Group AG, CSBP Limited, San Corporation, URALCHEM Holding P.L.C., Neochim Ad, DFPCL, and Incitec Pivot Limited

Global Ammonium Nitrate Market is segmented as below:

By Application

  • Explosives
  • Fertilizers
  • Other

By End-User

  • Mining
  • Defense
  • Agriculture
  • Others

By region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Ammonium Nitrate Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Ammonium Nitrate Market : snapshot
  • Chapter 3. Global Ammonium Nitrate Market - Industry Analysis
    • 3.1 Ammonium Nitrate Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising demand in agriculture, defense, and mining sectors to aid market growth
    • 3.3 Market Restraints
      • 3.3.1. Safety issues related to the use of ammonium nitrate to restrain the market growth
    • 3.4 Market Opportunities
      • 3.4.1. Growing demand in the mining and construction industry to provide ample market growth opportunities
    • 3.5 Market Challenges
      • 3.5.1. Presence of substitutes along with the prevention of hazardous incidents to pose challenges to market expansion
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Application
      • 3.7.2 Market attractiveness analysis By End-User
  • Chapter 4. Global Ammonium Nitrate Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Ammonium Nitrate Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Ammonium Nitrate Market - Application Analysis
    • 5.1 Global Ammonium Nitrate Market overview: By Application
      • 5.1.1 Global Ammonium Nitrate Market share, By Application, 2021 and 2028
    • 5.2 Explosives
      • 5.2.1 Global Ammonium Nitrate Market by Explosives, 2022 - 2028 (USD Billion)
    • 5.3 Fertilizers
      • 5.3.1 Global Ammonium Nitrate Market by Fertilizers, 2022 - 2028 (USD Billion)
    • 5.4 Other
      • 5.4.1 Global Ammonium Nitrate Market by Other, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Ammonium Nitrate Market - End-User Analysis
    • 6.1 Global Ammonium Nitrate Market overview: By End-User
      • 6.1.1 Global Ammonium Nitrate Market share, By End-User, 2021 and 2028
    • 6.2 Mining
      • 6.2.1 Global Ammonium Nitrate Market by Mining, 2022 - 2028 (USD Billion)
    • 6.3 Defense
      • 6.3.1 Global Ammonium Nitrate Market by Defense, 2022 - 2028 (USD Billion)
    • 6.4 Agriculture
      • 6.4.1 Global Ammonium Nitrate Market by Agriculture, 2022 - 2028 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Ammonium Nitrate Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 7. Ammonium Nitrate Market - Regional Analysis
    • 7.1 Global Ammonium Nitrate Market Regional Overview
    • 7.2 Global Ammonium Nitrate Market Share, by Region, 2021 & 2028 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
        • 7.3.1.1 North America Ammonium Nitrate Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 North America Ammonium Nitrate Market, by Application, 2022 - 2028
      • 7.4.1 North America Ammonium Nitrate Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 North America Ammonium Nitrate Market, by End-User, 2022 - 2028
      • 7.5.1 North America Ammonium Nitrate Market, by End-User, 2022 - 2028 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
        • 7.4.2.1 Europe Ammonium Nitrate Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Europe Ammonium Nitrate Market, by Application, 2022 - 2028
      • 7.4.1 Europe Ammonium Nitrate Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 Europe Ammonium Nitrate Market, by End-User, 2022 - 2028
      • 7.5.1 Europe Ammonium Nitrate Market, by End-User, 2022 - 2028 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
        • 7.5.3.1 Asia Pacific Ammonium Nitrate Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Asia Pacific Ammonium Nitrate Market, by Application, 2022 - 2028
      • 7.4.1 Asia Pacific Ammonium Nitrate Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 Asia Pacific Ammonium Nitrate Market, by End-User, 2022 - 2028
      • 7.5.1 Asia Pacific Ammonium Nitrate Market, by End-User, 2022 - 2028 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
        • 7.6.4.1 Latin America Ammonium Nitrate Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Latin America Ammonium Nitrate Market, by Application, 2022 - 2028
      • 7.4.1 Latin America Ammonium Nitrate Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 Latin America Ammonium Nitrate Market, by End-User, 2022 - 2028
      • 7.5.1 Latin America Ammonium Nitrate Market, by End-User, 2022 - 2028 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Ammonium Nitrate Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 The Middle-East and Africa Ammonium Nitrate Market, by Application, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Ammonium Nitrate Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5 The Middle-East and Africa Ammonium Nitrate Market, by End-User, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Ammonium Nitrate Market, by End-User, 2022 - 2028 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Abu Qir Fertilizers Co.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Fertiberia SA
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Enaex S.A
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Austin Powder International
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Borealis
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 OSTCHEM Holding Company
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 CF Industries Holdings
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Orica Ltd.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Yara International Inc.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 EuroChem Group AG
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 CSBP Limited
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 San Corporation
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 URALCHEM Holding P.L.C.
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Neochim Ad
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 DFPCL
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Incitec Pivot Limited
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Ammonium Nitrate Market attractiveness, By Application
  • 6. Global Ammonium Nitrate Market attractiveness, By End-User
  • 7. Global Ammonium Nitrate Market share by Application, 2022 and 2028 (USD Billion)
  • 8. Global Ammonium Nitrate Market by Explosives, 2022 - 2028 (USD Billion)
  • 9. Global Ammonium Nitrate Market by Fertilizers, 2022 - 2028 (USD Billion)
  • 10. Global Ammonium Nitrate Market by Other, 2022 - 2028 (USD Billion)
  • 11. Global Ammonium Nitrate Market share by End-User, 2022 and 2028 (USD Billion)
  • 12. Global Ammonium Nitrate Market by Mining, 2022 - 2028 (USD Billion)
  • 13. Global Ammonium Nitrate Market by Defense, 2022 - 2028 (USD Billion)
  • 14. Global Ammonium Nitrate Market by Agriculture, 2022 - 2028 (USD Billion)
  • 15. Global Ammonium Nitrate Market by Others, 2022 - 2028 (USD Billion)
  • 16. Global Ammonium Nitrate Market share, by Region, 2022 and 2028
  • 17. North America Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
  • 18. Europe Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
  • 19. Asia Pacific Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
  • 20. Latin America Ammonium Nitrate Market, 2022 - 2028 (USD Billion)
  • 21. The Middle-East and Africa Ammonium Nitrate Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Ammonium Nitrate Market: Snapshot
  • 2. Drivers of the Ammonium Nitrate Market: impact analysis
  • 3. North America Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 4. North America Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 5. U.S. Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 6. U.S. Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 7. Canada Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 8. Canada Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 9. Europe Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 10. Europe Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 11. Germany Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 12. Germany Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 13. France Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 14. France Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 15. U.K. Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 16. U.K. Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 17. Italy Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 18. Italy Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 19. Spain Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 20. Spain Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 21. Rest of Europe Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 22. Rest of Europe Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 24. Asia Pacific Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 25. China Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 26. China Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 27. Japan Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 28. Japan Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 29. India Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 30. India Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 31. South Korea Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 32. South Korea Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 33. South-East Asia Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 34. South-East Asia Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 35. Rest of Asia Pacific Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 36. Rest of Asia Pacific Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 37. Latin America Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 38. Latin America Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 39. Brazil Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 40. Brazil Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 41. Mexico Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 42. Mexico Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 43. Rest of Latin America Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 44. Rest of Latin America Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 45. The Middle-East and Africa Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 46. The Middle-East and Africa Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 47. GCC Countries Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 48. GCC Countries Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 49. South Africa Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 50. South Africa Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 51. Rest of Middle-East Africa Ammonium Nitrate Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 52. Rest of Middle-East Africa Ammonium Nitrate Market revenue, By End-User, 2022 - 2028 (USD Billion)

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FrequentlyAsked Questions

Ammonium nitrate is used extensively as a fertilizer with an NPK rating of 34-0-0. It is preferred over urea owing to its higher stability and lesser dispersion of nitrogen to the atmosphere making it more acceptable in the field of agriculture since crops consume nitrogen in the form of nitrate. The differential rise in the agricultural products and the food sector is anticipated to propel the global ammonium nitrate market growth.

Ammonium nitrate is capable of creating explosive mixtures of different properties when combined with other products or fuels. Hence, the military and defense segments of many economies use the product for creating explosives. The global market is projected to grow in the coming years because of rising demand in minim and construction as well.

According to Zion Market Research, the global ammonium nitrate market generated a market revenue of $16B in 2021 and is anticipated to grow at a CAGR of 3.43% during the forecast period amassing a revenue of $22.5B by 2028.

The global ammonium nitrate market is expected to be dominated by Asia-Pacific owing to increased food safety regulations in countries like India, China, Japan, and South Korea with higher revenues both in terms of consumption and production. This is also propelled by the exponential rise of population in these regions aiding the demand for food products along with the availability of large land segments, growing interest in organic farming, and adoption of technologically advanced equipment in farming.

The key players in the global ammonium nitrate market are Abu Qir Fertilizers Co., Fertiberia SA, Enaex S.A, Austin Powder International, Borealis, OSTCHEM Holding Company, CF Industries Holdings, Orica Ltd., Yara International, Inc., EuroChem Group AG, CSBP Limited, San Corporation, URALCHEM Holding P.L.C., Neochim Ad, DFPCL, and Incitec Pivot Limited

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Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed