AMMONIUM NITRATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Ammonium Nitrate Market, By Application (Mining, Quarrying, Civil Construction, and Others), By End-use Industry (Agriculture, Mining, Pharmaceutical, Plastics, Pulp and Paper, and Others), By Grade (Agriculture Grade, Industrial Grade, Food Grade, Technical Grade, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

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