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

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.  The global ammonium nitrate market has been witnessing steady growth over the past few years owing to increasing demand from the agriculture and construction industries. Ammonium nitrate is one of the widely used fertilizers globally as it contains high amount of nitrogen which is the essential nutrient required for healthy growth of plants. It helps in increasing crop yields substantially. Moreover, ammonium nitrate also finds applications as an oxidizing agent in explosives and propellants used in mining and construction activities. Wide range of end-use industries, growing population globally increasing demand for food, and rapid infrastructure growth in developing nations are some of the key factors expected to drive the demand for ammonium nitrate in the coming years. However, stringent regulations regarding the storage and transportation of ammonium nitrate due to its hazardous nature can slightly hamper the market growth.

Market Dynamics

The global ammonium nitrate market is expected to witness steady growth over the forecast period owing to growing demand from the agriculture and construction sectors. Rapid growth in world population coupled with rising disposable income has increased the demand for food globally, which, in turn, is driving the need for ammonium nitrate as fertilizer. According to UN data 2021, the world population is expected to reach around 9.7 billion by 2050 which will expand agricultural activities significantly. This is a major growth driver for the ammonium nitrate market. On the construction side, increasing infrastructure development activities in emerging economies of Asia Pacific and the Middle East countries are fueling the demand for ammonium nitrate for mining and quarrying applications.

Key Features of the Study

- This report provides in-depth analysis of the global ammonium nitrate market and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global ammonium nitrate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Yara International ASA, CF Industries Holdings, Inc., Nutrien Ltd., Orica Limited, Nufarm Limited, BFG Supply Co., EuroChem Group AG, Hanfeng Evergreen Inc., Acron Group, Dyno Nobel Inc., Incitec Pivot Limited, Uralchem Integrated Chemicals Company, Hubei Yihua Chemical Industry Co., Ltd., Grupo Nutrisa, and Agrium Inc.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global ammonium nitrate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ammonium nitrate market

Market Segmentation

•  Application Insights (Revenue, USD Bn, 2020 - 2032)
• • Mining
  • Quarrying
  • Civil Construction
  • Others
•  End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
• • Agriculture
  • Mining
  • Pharmaceutical
  • Plastics
  • Pulp and Paper
  • Others
•  Grade Insights (Revenue, USD Bn, 2020 - 2032)
• • Agriculture Grade
  • Industrial Grade
  • Food Grade
  • Technical Grade
  • Others
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Yara International ASA
  • CF Industries Holdings, Inc.
  • Nutrien Ltd.
  • Orica Limited
  • Nufarm Limited
  • BFG Supply Co.
  • EuroChem Group AG
  • Hanfeng Evergreen Inc.
  • Acron Group
  • Dyno Nobel Inc.
  • Incitec Pivot Limited
  • Uralchem Integrated Chemicals Company
  • Hubei Yihua Chemical Industry Co., Ltd.
  • Grupo Nutrisa
  • Agrium Inc.