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Latin America Ammonium Nitrate Market Share, Growth, Size, Trends, Forecast: By Form: Granular, Powder; By Application: Fertilisers, Explosives, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Trade Data Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Latin America Ammonium Nitrate Market Outlook
The Latin America ammonium nitrate market is expected to grow at a CAGR of 3.70% between 2024 and 2032, driven by its wide range of applications and non-hazardous nature.
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Key Trends in the Market
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.
- Rising population has fuelled the demand for agricultural production especially in the developing countries of Latin America. Increased agricultural production results in a higher demand for fertilisers for which ammonium nitrate is a main component.
- Ammonium nitrate is widely used to build explosives, for applications in defence, mining, and construction sectors. It easily combines with various explosive materials, generating mixtures with different properties. The versatility of explosives made with ammonium nitrate and the expanding mining industries in the region are increasing the growth of the overall Latin America ammonium nitrate market.
- For convenience foods and foods shipped across vast distances, ammonium nitrate is useful in preventing internal degradation of food items by acting as a protective agent.
Market Analysis
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Based on form, the market can be bifurcated into granular and powder. On the basis of application, the market is divided into fertilisers, explosives, and others. By country, the market is distributed into Brazil, Argentina, Mexico, and Peru, among others.
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)
- CF Industries Holdings, Inc.
- Vale Fertilizantes
- ENAEX S.A
- Yara International ASA
- EuroChem Group
- Dyno Nobel (Incitec Pivot)
- Others
Market Share by Form
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.
Market Share by Application
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.
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Competitive Landscape
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.
Other market players include ENAEX S.A, Yara International ASA, EuroChem Group, and Dyno Nobel (Incitec Pivot), among others.
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:
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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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*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
7 Opportunities and Challenges in the Market
8 Global Ammonium Nitrate Market Overview
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 Region
8.4.1 Market Share
8.4.1.1 North America
8.4.1.2 Europe
8.4.1.3 Asia Pacific
8.4.1.4 Latin America
8.4.1.5 Middle East and Africa
9 Latin America Ammonium Nitrate Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Ammonium Nitrate Historical Market (2018-2023)
9.3 Latin America Ammonium Nitrate Market Forecast (2024-2032)
9.4 Latin America Ammonium Nitrate Market by Form
9.4.1 Granular
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 Powder
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
9.5 Latin America Ammonium Nitrate Market by Application
9.5.1 Fertilisers
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2023)
9.5.1.3 Forecast Trend (2024-2032)
9.5.2 Explosives
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2023)
9.5.2.3 Forecast Trend (2024-2032)
9.5.3 Others
9.6 Latin America Ammonium Nitrate Market by Country
9.6.1 Market Share
9.6.1.1 Brazil
9.6.1.2 Argentina
9.6.1.3 Mexico
9.6.1.4 Peru
9.6.1.5 Others
10 Regional Analysis
10.1 Brazil
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Argentina
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mexico
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Peru
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Trade Data Analysis (HS Code: 310230)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 ArrMaz Products, Inc. (Arkema)
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 CF Industries Holdings, Inc.
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 Vale Fertilizantes
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 ENAEX S.A
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 Yara International ASA
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 EuroChem Group
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 Dyno Nobel (Incitec Pivot)
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 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. Latin America Ammonium Nitrate Market: Key Industry Highlights, 2018 and 2032
3. Latin America Ammonium Nitrate Historical Market: Breakup by Form (USD Million), 2018-2023
4. Latin America Ammonium Nitrate Market Forecast: Breakup by Form (USD Million), 2024-2032
5. Latin America Ammonium Nitrate Historical Market: Breakup by Application (USD Million), 2018-2023
6. Latin America Ammonium Nitrate Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Latin America Health Sensors Historical Market: Breakup by Country (USD Million), 2018-2023
8. Latin America Health Sensors Market Forecast: Breakup by Country (USD Million), 2024-2032
9. Major Exporting Countries by Value
10. Major Importing Countries by Value
11. Major Exporting Countries by Volume
12. Major Importing Countries by Volume
13. Latin America Ammonium Nitrate Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 3.70% between 2024 and 2032.
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.
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