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Global Ammonium Nitrate Market: By Application: Fertilisers, Explosives, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments
Global Ammonium Nitrate Market Outlook
The global ammonium nitrate market is expected to grow at a CAGR of 3.8% during the period 2023-2028.
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Global Ammonium Nitrate Market Likely to be Driven by the Fertilizer Sector, and Uses in Defence, Construction and Medical Sectors
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.
Global Ammonium Nitrate Market Segmentation
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By application, the market is segmented into:
- Fertilisers
- Explosives
- Others
By regions, the market it classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Ammonium Nitrate Market
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:
- CF Fertilisers UK
- Croda International Plc
- Yara International ASA
- Orica Limited
- Maxamcorp Holding, S.L.
- Sasol Limited
- Others
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Fertilisers, Explosives, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | CF Fertilisers UK, Croda International Plc, Yara International ASA, Orica Limited, Maxamcorp Holding, S.L., Sasol Limited, Others |
| 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 Industry Opportunities and Challenges
8 Global Ammonium Nitrate Market Analysis
8.1 Key Industry Highlights
8.2 Global Ammonium Nitrate Historical Market (2018-2022)
8.3 Global Ammonium Nitrate Market Forecast (2023-2028)
8.4 Global Ammonium Nitrate Market by Application
8.4.1 Fertilisers
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Explosives
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Ammonium Nitrate Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Trade Data Analysis (HS Code: 310230)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 CF Fertilisers UK
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Croda International Plc
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Yara International ASA
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Orica Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Maxamcorp Holding, S.L.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Sasol Limited
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Ammonium Nitrate Market: Key Industry Highlights, 2018 and 2028
2. Global Ammonium Nitrate Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Ammonium Nitrate Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Ammonium Nitrate Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Ammonium Nitrate Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Ammonium Nitrate Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Ammonium Nitrate Market Forecast: Breakup by Country (USD Million), 2023-2028
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
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 3.8% between 2023 and 2028.
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.
Analyst Review
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 2023-2028, 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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