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Global Ammonium Nitrate Market to Grow at a CAGR of 3.8% During the Period 2024-2032, Driven by Demand from the Fertilizer Industry

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Ammonium Nitrate Market

Global Ammonium Nitrate Market Size, Share, Analysis: By Application: Fertilisers, Explosives, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Price Analysis; Trade Data Analysis; Competitive Landscape; 2024-2032

Global Ammonium Nitrate Market Outlook

The global ammonium nitrate market is expected to grow at a CAGR of 3.8% during the period 2024-2032.

 

Global Ammonium Nitrate Market

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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

 

Global Ammonium Nitrate Market by Segment

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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

 

Global Ammonium Nitrate Market by Region

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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.

 

Key Highlights of the Report

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:

  • Application
  • Region
Breakup by Application
  • Fertilisers
  • Explosives
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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    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

Key Questions Answered in the Report

What is the growth rate of the market?

The market is estimated to grow at a CAGR of 3.8% between 2024 and 2032.

What are the major industry drivers?

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.

What are the key industry trends of the ammonium nitrate market?

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.

What are the major regional markets of ammonium nitrate, according to the EMR report?

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the different applications of the product?

Fertilisers and explosives, among others are the different applications of the product.

Who are the key industry players, according to the report?

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 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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