The Latin America ammonium nitrate market is expected to grow at a CAGR of 3.70% between 2026 and 2035, driven by its wide range of applications and non-hazardous nature.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
3.7%
2026-2035
*this image is indicative*
Ammonium nitrate is a colourless, odourless, white crystal solid comprising of nitric acid and ammonia, which is highly soluble in water but is not hazardous to health. The chemical formula for ammonium nitrate is NH₄NO₃. It finds applications in the making of explosives, antibiotics, matches, and fertilisers.
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The EMR’s report titled “Latin America Ammonium Nitrate Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Form
Market Breakup by Application
Market Breakup by Region
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Granular ammonium nitrate is usually used as a blasting agent in explosives, mining, quarry work and demolition activities as well as in fertilisers because of its easy absorption properties in granular form. It is used in powdered form in laboratories for experiments both at school/college level and by scientists. The wide use of ammonium nitrate in fertilisers and construction activities has made granular form the largest market holder, fuelling the growth of the Latin America ammonium nitrate market.
Ammonium nitrate is used as an explosive in various industries such as construction, mining, manufacture of weapons, and quarrying, among others. However, ammonium nitrate is more widely used as a fertiliser due to its efficiency and capability of emitting less greenhouse gases when compared to other fertilisers. Ammonium nitrate as fertiliser has a larger market share as it is driven by an increase in demand for food as a result of growing populations.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America ammonium nitrate market covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
ArMaz Products, Inc. (Arkema) founded in 1967 has its headquarters in Florida in the United States. It is a chemicals company known for producing various chemicals including phosphate and industrial ammonium nitrate, for applications in asphalt, fertilisers, mining, and oil and gas industry. Arkema is the parent organisation of ArMaz Products, Inc.
CF Industries Holdings Inc. stands for Central Farmers Fertilizer Company and was established in 1946 with headquarters in Illinois, United States. It is an American company which manufactures and supplies agricultural fertilisers such as ammonia, ammonium nitrate, and urea.
Vale Fertilizants established in 2010 is a Brazilian mining company with a global presence, moving ahead with its mission to transform natural resources such as iron ore and nickel into sustainable development.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include ENAEX S.A, Yara International ASA, EuroChem Group, and Dyno Nobel (Incitec Pivot), among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is expected to grow at a CAGR of 3.70% between 2026 and 2035.
The major market drivers are demand for high quality crops, demand for fertilisers to fuel agricultural production, and high solubility of ammonium nitrate.
The key trends of the market are development of innovative fertilisers, need for food storage and increasing use of explosives in mining.
Key market players are ArMaz Products, Inc. (Arkema), CF Industries Holdings, Inc., Vale Fertilizantes, ENAEX S.A, Yara International ASA, EuroChem Group, and Dyno Nobel (Incitec Pivot), among others.
Ammonium nitrate comprises of nitric acid and ammonia and is a colourless, odourless, white crystalline solid which is highly soluble in water.
The Latin America ammonium nitrate market is segmented based on form, application, and country.
The primary applications of ammonium nitrate are fertilisers and explosives, among others.
The chemical formula for ammonium nitrate is NH4NO3.
The forms of ammonium nitrate available in the market are granular and powder.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 Form |
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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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