Ammonium Nitrate Market, By Application, By End-use Industry, By Grade, By Geography

Description

Global Ammonium Nitrate Market is estimated to be valued at US$ 18.41 Bn in 2025 and is expected to reach US$ 25.21 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	US$ 18.41 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	4.60%	2032 Value Projection:	US$ 25.21 Bn

Figure. Ammonium Nitrate Market Share (%), By Region 2025

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.

Product Code: CMI6372

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Ammonium Nitrate Market, By Application
- Global Ammonium Nitrate Market, By End-use Industry
- Global Ammonium Nitrate Market, By Grade
- Global Ammonium Nitrate Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Ammonium Nitrate Market, By Application, 2020-2032, (USD)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Quarrying
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Civil Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)

5. Global Ammonium Nitrate Market, By End-use Industry, 2020-2032, (USD)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Plastics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Pulp and Paper
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)

6. Global Ammonium Nitrate Market, By Grade, 2020-2032, (USD)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Agriculture Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Industrial Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Food Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Technical Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)

7. Global Ammonium Nitrate Market, By Region, 2020 - 2032, Value (USD)

Introduction
- Market Share (%) Analysis, 2025,2028 & 2032, Value (USD)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Yara International ASA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CF Industries Holdings, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Nutrien Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Orica Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Nufarm Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BFG Supply Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
EuroChem Group AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hanfeng Evergreen Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Acron Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Dyno Nobel Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Incitec Pivot Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Uralchem Integrated Chemicals Company
Hubei Yihua Chemical Industry Co., Ltd.
Grupo Nutrisa
Agrium Inc.

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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