Regional Analysis
Ammonium Nitrate Market Regional Insights
- North America is expected to be the largest market for ammonium nitrate during the forecast period, accounting for over 20.3% of the market share in 2023. The growth of the market in North America is attributed to the high demand for ammonium nitrate fertilizers and explosives from the mining sector.
- Asia Pacific is expected to be the second-largest market for ammonium nitrate, accounting for over 45.6% of the market share in 2023. The growth of the market is attributed to the rapidly growing mining and infrastructure sectors in emerging economies such as China and India.
- The Middle East & Africa is expected to be the fastest-growing market for ammonium nitrate, growing at a CAGR of over 16.5% during the forecast period. The growth of the market in Middle East & Africa is attributed to the expanding mining industry and increasing investments in the construction sector in the region.
Geographies covered:
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, Central Africa, and Rest of Middle East
U.S.: 
U.K. : 
India : 
