AMMONIUM NITRATE MARKET Size and trends

Ammonium Nitrate Market Size and Trends

The global ammonium nitrate market is estimated to be valued at USD 18.41 Bn in 2025 and is expected to reach USD 25.21 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2025 to 2032.

Key Takeaways of the Ammonium Nitrate Market:

• The mining sector is projected to account for 31.5% of the ammonium nitrate market share in 2025.
• The agriculture sector is projected to account for 31.6% of the market share in 2025.
• The agriculture-grade segment is anticipated to dominate the market in 2025, capturing a 34.5% share.
• Asia Pacific is projected to lead the market with a 45.6% share in 2025, followed by the North America region, which is expected to hold a 23.5% share in 2025.

Market Overview:

The growth of the fertilizer industry is driving the demand for ammonium nitrate as it is a highly consumed fertilizer. Its wide usage in industries, such as mining and construction, is also fueling the market growth. The increasing world population is putting pressure on agricultural production to meet the growing demand for food. This is expected to increase the consumption of fertilizers for higher agricultural yield, in turn, driving the demand for ammonium nitrate. Furthermore, rising infrastructure development and mining activities across the globe are expected to contribute to the growth of this market during the forecast period.