Global Ammonium Nitrate Market Size Study, by Form (Granular, Powder), by Application (Explosives, Fertilizers), by End-User (Agriculture, Civil & Commercial Explosives, Military Explosives, Mining & Quarrying) and Regional Forecasts 2022-2032

Description

Global Ammonium Nitrate Market is valued at approximately USD 16.30 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.62% over the forecast period 2024-2032. Ammonium nitrate, a crucial chemical compound with the formula (NH4NO3), is renowned for its high nitrogen content and solubility, making it indispensable in agriculture for enhancing crop yields. Its dual nitrogen sources-ammonia and nitric acid-are pivotal in meeting the escalating food demand globally. However, its explosive potential under high temperatures or improper storage conditions poses significant safety risks, necessitating stringent handling protocols. This dual nature of ammonium nitrate, combining high agricultural utility with explosive properties, positions it prominently in both the agriculture and mining & construction sectors. The ongoing research and development efforts to mitigate its hazardous characteristics are creating lucrative growth opportunities for the market.

The demand for granular ammonium nitrate is particularly high in the manufacturing sectors due to its ease of distribution and minimal environmental impact. Granular forms are preferred for their long-lasting storage capabilities without clumping, which is crucial for effective application in various industries. On the other hand, powdered ammonium nitrate finds extensive use in the mining and construction industries, where it is a primary component in the production of explosives like ammonium nitrate fuel oil (ANFO). Its fine powder form ensures rapid chemical reactions, making it highly effective for explosive applications, including rock fragmentation in quarrying and tunneling.

The agricultural sector is the largest consumer of ammonium nitrate, utilizing it as a nitrogen-rich fertilizer to promote plant growth. Its high nitrogen content and water solubility make it an essential nutrient source for crops, leading to higher yields. Beyond agriculture, ammonium nitrate's role as an oxidizer in industrial applications, especially in solid rocket propellants and explosives, underscores its versatility. Its combination with fuel oil forms a powerful blasting agent, extensively used in the mining, quarrying, and construction sectors.

In the regional landscape, Europe, the Middle East, and Africa dominate the ammonium nitrate market, driven by the presence of major producers and exporters. The stringent regulatory standards for handling and manufacturing ammonium nitrate in these regions enhance the market's competitiveness. The Asia-Pacific region, with its burgeoning construction investments and significant agricultural activities, also presents substantial demand. In the Americas, government and regulatory support for fertilizer production to address rising costs, alongside ongoing mining activities, further bolster the ammonium nitrate market.

Major market players included in this report are:

Yara International ASA
CF Industries Holdings, Inc.
Incitec Pivot Limited
Orica Limited
Austin Powder Company
MaxamCorp Holding, S.L.
Sasol Limited
Fertiberia, S.A.
URALCHEM JSC
Abu Qir Fertilizers and Chemical Industries Company
Enaex S.A.
Thermo Fisher Scientific Inc.
Koch Industries, Inc.
Deepak Fertilisers And Petrochemicals Corporation Ltd.
Merck KGaA

The detailed segments and sub-segment of the market are explained below:

By Form:

Granular
Powder

By Application:

Explosives
Fertilizers

By End-User:

Agriculture
Civil & Commercial Explosives
Military Explosives
Mining & Quarrying

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Ammonium Nitrate Market Executive Summary

1.1. Global Ammonium Nitrate Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Form
- 1.3.2. By Application
- 1.3.3. By End-User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Ammonium Nitrate Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Ammonium Nitrate Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Agricultural Activities
- 3.1.2. Growth in Mining and Construction Sectors
- 3.1.3. Technological Advancements in Production Processes
3.2. Market Challenges
- 3.2.1. Safety Concerns and Regulatory Challenges
- 3.2.2. High Production Costs
3.3. Market Opportunities
- 3.3.1. Research and Development for Safe Handling
- 3.3.2. Expansion in Emerging Markets
- 3.3.3. Innovations in Product Formulations

Chapter 4. Global Ammonium Nitrate Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Ammonium Nitrate Market Size & Forecasts by Form 2022-2032

5.1. Segment Dashboard
5.2. Global Ammonium Nitrate Market: Form Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Granular
- 5.2.2. Powder

Chapter 6. Global Ammonium Nitrate Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Ammonium Nitrate Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Explosives
- 6.2.2. Fertilizers

Chapter 7. Global Ammonium Nitrate Market Size & Forecasts by End-User 2022-2032

7.1. Segment Dashboard
7.2. Global Ammonium Nitrate Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Agriculture
- 7.2.2. Civil & Commercial Explosives
- 7.2.3. Military Explosives
- 7.2.4. Mining & Quarrying

Chapter 8. Global Ammonium Nitrate Market Size & Forecasts by Region 2022-2032

8.1. North America Ammonium Nitrate Market
- 8.1.1. U.S. Ammonium Nitrate Market
  - 8.1.1.1. Form breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End-User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Ammonium Nitrate Market
  - 8.1.2.1. Form breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.2.3. End-User breakdown size & forecasts, 2022-2032
8.2. Europe Ammonium Nitrate Market
- 8.2.1. U.K. Ammonium Nitrate Market
- 8.2.2. Germany Ammonium Nitrate Market
- 8.2.3. France Ammonium Nitrate Market
- 8.2.4. Spain Ammonium Nitrate Market
- 8.2.5. Italy Ammonium Nitrate Market
- 8.2.6. Rest of Europe Ammonium Nitrate Market
8.3. Asia-Pacific Ammonium Nitrate Market
- 8.3.1. China Ammonium Nitrate Market
- 8.3.2. India Ammonium Nitrate Market
- 8.3.3. Japan Ammonium Nitrate Market
- 8.3.4. Australia Ammonium Nitrate Market
- 8.3.5. South Korea Ammonium Nitrate Market
- 8.3.6. Rest of Asia Pacific Ammonium Nitrate Market
8.4. Latin America Ammonium Nitrate Market
- 8.4.1. Brazil Ammonium Nitrate Market
- 8.4.2. Mexico Ammonium Nitrate Market
- 8.4.3. Rest of Latin America Ammonium Nitrate Market
8.5. Middle East & Africa Ammonium Nitrate Market
- 8.5.1. Saudi Arabia Ammonium Nitrate Market
- 8.5.2. South Africa Ammonium Nitrate Market
- 8.5.3. Rest of Middle East & Africa Ammonium Nitrate Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Yara International ASA
- 9.1.2. CF Industries Holdings, Inc.
- 9.1.3. Incitec Pivot Limited
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Yara International ASA
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. CF Industries Holdings, Inc.
- 9.3.3. Incitec Pivot Limited
- 9.3.4. Orica Limited
- 9.3.5. Austin Powder Company
- 9.3.6. MaxamCorp Holding, S.L.
- 9.3.7. Sasol Limited.
- 9.3.8. Fertiberia, S.A.
- 9.3.9. URALCHEM JSC
- 9.3.10. Abu Qir Fertilizers and Chemical Industries Company
- 9.3.11. Enaex S.A.
- 9.3.12. Thermo Fisher Scientific Inc.
- 9.3.13. Koch Industries, Inc.
- 9.3.14. Deepak Fertilisers And Petrochemicals Corporation Ltd.
- 9.3.15. Merck KGaA

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes