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The global ammonium nitrate market is expected to grow at a CAGR of 3.8% during the period 2024-2032.
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The global market for ammonium nitrate is expected to be driven by the fertilizer industry. With growing world population, the demand for food has been rising, which in turn raises the demand for fertilizers. Ammonium nitrate is a key fertilizer ingredient, and hence, likely to witness increased demand from the fertilizer industry. However, rising prices may hinder market growth in the fertilizer sector. Ammonium nitrate is also used in the manufacture of explosives, making it a useful ingredient in defence, mining, quarrying and construction sectors.
Ammonium nitrate fertilizer is very popular in the majority of European countries. In 2019, the world production and evident consumption of ammonium nitrates stood at over 20 million metric tons, of which nearly 80% and 19% accounted for ammonium nitrate and calcium-ammonium nitrate (CAN) respectively. Due to safety concerns associated with ammonium nitrate, calcium-ammonium nitrate (CAN) production has witnessed an increase in demand. These safety concerns may also negatively impact demand for ammonium nitrate.
Ammonium nitrate (NH4NO3) is manufactured by neutralizing nitric acid (HNO3) with ammonia (NH3). Depending on intended use, ammonium nitrate is sold in several forms. Liquid ammonium nitrate may be marketed as fertilizer, while liquid ammonium nitrate may be concentrated to produce an ammonium nitrate "melt" to be used in solids formation processes. Solid ammonium nitrate may be produced as prills, grains, granules, or crystals. According to melt concentration, produced prills could be high or low density. High density crystals, prills, and granules granules are used as fertilizer while grains are employed for the manufacture of explosives. Low density prills can be used in fertilizer as well as explosives. Ammonium nitrate is a fast release fertilizer, and enables the plants to quickly absorb nitrate and ammonium ions for immediate metabolism.
Several mining, quarrying, and construction industries use ammonium nitrate as a vital component of their blasting activities. In prill form, ammonium nitrate is a basic ingredient in ammonium nitrate fuel oil (ANFO) based products, and a key element (prill as well as liquid) in a wide range of customized bulk explosive blends. Ammonium nitrate (technical grade) is commonly employed as the main raw material for the production of civil explosives. It is also of primary use in fertilizer production. Low density ammonium nitrate explosive is widely employed in the mining industry. It is produced to be very porous to allow the rapid uptake of liquid fuel oil. The prill is covered with trace amounts of a waxy anti-caking material to improve flowability and handling characteristics. Hot ammonium nitrate liquor is also used in the mining industry.
Ammonium nitrate (electronics grade) is used in the electronics industry. Pure forms of ammonium nitrate are used to produce high-quality nitrous oxide (N2O) to be used in the electronics industry. This, in turn, increases the need for ammonium nitrate. Nitrous oxide is required for VLSI (very large-scale integration) or ULSI (ultra-large-scale integration). It is used in the gas-phase chemical deposition stage in the manufacture of semiconductors, LCD displays and thin-film oxides for products such as computers, smart phones, robots, cars, health devices, and space rockets.
Ammonium nitrate (medical grade) is also a vital component in the healthcare industry. It is a key element in the nitrous oxide gas used in the manufacture of anaesthetics employed in dentistry and surgery, and as a propellant for drugs packaged in aerosols. Other applications of ammonium nitrate include cold packs and food additives.
The United States, EU and Russia are key global producers and consumers of ammonium nitrate.
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By application, the market is segmented into:
By regions, the market it classified into:
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The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ammonium Nitrate Market Analysis
8.1 Key Industry Highlights
8.2 Global Ammonium Nitrate Historical Market (2018-2023)
8.3 Global Ammonium Nitrate Market Forecast (2024-2032)
8.4 Global Ammonium Nitrate Market by Application
8.4.1 Fertilisers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Explosives
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Ammonium Nitrate Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Ammonium Nitrate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ammonium Nitrate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ammonium Nitrate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ammonium Nitrate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ammonium Nitrate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 310230)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 CF Fertilisers UK
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Croda International Plc
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Yara International ASA
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Orica Limited
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Maxamcorp Holding, S.L.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Sasol Limited
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ammonium Nitrate Market: Key Industry Highlights, 2018 and 2032
2. Global Ammonium Nitrate Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Ammonium Nitrate Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Ammonium Nitrate Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Ammonium Nitrate Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2024-2032
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Major Exporting Countries by Value
22. Major Importing Countries by Value
23. Major Exporting Countries by Volume
24. Major Importing Countries by Volume
25. Global Ammonium Nitrate Market Structure
The market is estimated to grow at a CAGR of 3.8% between 2024 and 2032.
The major drivers of the market include the rising application of the product in explosives, fertilisers, and others, increasing demand for food, and increasing demand for ammonium nitrate in mining and quarrying activities.
The advancements in the development of high-tech explosives in the military and defence industry are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Fertilisers and explosives, among others are the different applications of the product.
The major players in the industry are CF Fertilisers UK, Croda International Plc, Yara International ASA, Orica Limited, Maxamcorp Holding, S.L., and Sasol Limited, among others.
The global ammonium nitrate market is being driven by the growing demand for the product in various industries. Aided by the growing investments to develop improved fertilisers, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is divided into fertilisers and explosives, among others. The major regional markets for ammonium nitrate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include CF Fertilisers UK, Croda International Plc, Yara International ASA, Orica Limited, Maxamcorp Holding, S.L., and Sasol Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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