Product Code: GVR-2-68038-263-1
Ammonium Nitrate Market Growth & Trends:
The global ammonium nitrate market size is expected to reach USD 8,250.8 million by 2033, at a registering a CAGR of 3.7% from 2025 to 2033, according to a new report by Grand View Research, Inc. Superior stability and low nitrogen emission offered by the product in crop protection chemicals is expected to drive the market growth.
At present, stringent regulations related to transportation, storage, handling, and usage of ammonium nitrate is forcing the manufacturers to opt out of the market. Moreover, the profit margins are shrinking owing to rising substitutes including urea, which further discourages the new entrants to invest in the market which is likely to have a negative impact on the industry trend.
The industry has several players, which are integrated across the value chain to manufacture raw materials. Strong foothold of the existing players in the market is expected to increase entry barrier of new players. In addition, the rivalry between established producers is expected to increase on the account of low product differentiation.
Rising penetration of urea as a substitute for the product in fertilizer application is expected to hamper the industry growth. However, the product offers the better efficiency of nitrogen uptake and has low carbon footprints than urea, which is likely to have a positive impact on the industry trends over the forecast period.
Ammonium Nitrate Market Report Highlights:
- The fertilizers segment held the largest revenue share of 61.0% in 2024, primarily due to its high nitrogen content and fast-acting nature, making it a preferred choice for boosting crop yields.
- North America ammonium nitrate market is characterized by stable demand across both the agriculture and mining sectors, supported by a mature regulatory framework and advanced infrastructure.
- The ammonium nitrate market in the U.S. is primarily driven by its use in the mining and construction sectors, where it serves as a critical component in industrial explosives.
- The ammonium nitrate market in Europe is shaped by a well-regulated environment emphasizing safety, sustainability, and environmental compliance, capturing the largest revenue share of 42. 7% in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Substrates & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Substrates
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2024 (USD Million) (Kilotons)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Ammonium Nitrate Market Variables, Trends & Scope
- 3.1. Market Lineage/Ancillary Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.2.2. Manufacturing Trends/Technological Advancements
- 3.2.3. Raw Material Trends
- 3.3. Price Trend Analysis, 2018-2030
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.4.1. Analyst Perspective
- 3.4.2. Regulations & Standards
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Opportunities
- 3.5.4. Industry Challenges
- 3.6. Business Environmental Tools Analysis: Ammonium Nitrate Market
- 3.6.1. Porter's Five Forces Analysis
- 3.6.1.1. Bargaining Power of Suppliers
- 3.6.1.2. Bargaining Power of Buyers
- 3.6.1.3. Threat of Substitution
- 3.6.1.4. Threat of New Entrants
- 3.6.1.5. Competitive Rivalry
- 3.6.2. PESTLE Analysis
- 3.6.2.1. Political Landscape
- 3.6.2.2. Economic Landscape
- 3.6.2.3. Social Landscape
- 3.6.2.4. Product Landscape
- 3.6.2.5. Environmental Landscape
- 3.6.2.6. Legal Landscape
Chapter 4. Ammonium Nitrate Market: Application Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Application Movement Analysis & Market Share, 2024 & 2033
- 4.3. Global Ammonium Nitrate Market By Application, 2021 - 2033 (USD Million) (Kilotons)
- 4.4. Fertilizers
- 4.5. Ammonium Nitrate Market Estimates And Forecasts, for Fertilizers, 2021 - 2033 (USD Million) (Kilotons)
- 4.6. Explosives
- 4.7. Ammonium Nitrate Market Estimates And Forecasts, for Explosives, 2021 - 2033 (USD Million) (Kilotons)
- 4.8. Others
- 4.9. Ammonium Nitrate Market Estimates And Forecasts, for Others, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. Ammonium Nitrate Market: Regional Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Regional Market Share Analysis, 2024 & 2033
- 5.3. North America
- 5.3.1. North America Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.2. North America Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.3. North America Ammonium Nitrate Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.4. U.S.
- 5.3.4.1. U.S. Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.4.2. U.S. Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.5. Canada
- 5.3.5.1. Canada Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.5.2. Canada Ammonium Nitrate Market Estimates And Forecasts, Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.6. Mexico
- 5.3.6.1. Mexico Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.6.2. Mexico Ammonium Nitrate Market Estimates And Forecasts, Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4. Europe
- 5.4.1. Europe Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.2. Europe Ammonium Nitrate Market Estimates And Forecasts, Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.3. Germany
- 5.4.3.1. Germany Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.3.2. Germany Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.4. UK
- 5.4.4.1. UK Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.4.2. UK Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.5. France
- 5.4.5.1. France Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.5.2. France Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.6. Italy
- 5.4.6.1. Italy Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.6.2. Italy Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.7. Spain
- 5.4.7.1. Spain Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.7.2. Spain Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.8. Ukraine
- 5.4.8.1. Ukraine Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.8.2. Ukraine Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.9. Poland
- 5.4.9.1. Poland Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.9.2. Poland Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.5. Asia Pacific
- 5.5.1. Asia Pacific Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.2. Asia Pacific Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.3. China
- 5.5.3.1. China Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.3.2. China Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.4. Japan
- 5.5.4.1. Japan Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.4.2. Japan Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.5. India
- 5.5.5.1. India Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.5.2. India Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.6. South Korea
- 5.5.6.1. South Korea Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.6.2. South Korea Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.6. Middle East & Africa
- 5.6.1. Middle East & Africa Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.2. Middle East & Africa Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.3. South Africa
- 5.6.3.1. South Africa Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.3.2. South Africa Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.4. Saudi Arabia
- 5.6.4.1. Saudi Arabia Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.4.2. Saudi Arabia Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.5. Egypt
- 5.6.5.1. Egypt Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.5.2. Egypt Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.7. Latin America
- 5.7.1. Latin America Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.7.2. Latin America Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.7.3. Brazil
- 5.7.3.1. Brazil Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.7.3.2. Brazil Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
- 5.7.4. Argentina
- 5.7.4.1. Argentina Ammonium Nitrate Market Estimates And Forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.7.4.2. Argentina Ammonium Nitrate Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. Competitive Landscape
- 6.1. Key Players, their Recent Developments, and their Impact on Industry
- 6.2. Competition Categorization
- 6.3. Company Market Position Analysis
- 6.4. Company Heat Map Analysis
- 6.5. Strategy Mapping, 2024
- 6.6. Company Listing
- 6.6.1. Orica Limited
- 6.6.1.1. Company Overview
- 6.6.1.2. Financial Performance
- 6.6.1.3. Product Type Benchmarking
- 6.6.1.4. Strategic Initiatives
- 6.6.2. Incitec Pivot Limited
- 6.6.2.1. Company Overview
- 6.6.2.2. Financial Performance
- 6.6.2.3. Product Type Benchmarking
- 6.6.2.4. Strategic Initiatives
- 6.6.3. Neochim PLC
- 6.6.3.1. Company Overview
- 6.6.3.2. Financial Performance
- 6.6.3.3. Product Type Benchmarking
- 6.6.3.4. Strategic Initiatives
- 6.6.4. URALCHEM
- 6.6.4.1. Company Overview
- 6.6.4.2. Financial Performance
- 6.6.4.3. Product Type Benchmarking
- 6.6.4.4. Strategic Initiatives
- 6.6.5. San Corporation
- 6.6.5.1. Company Overview
- 6.6.5.2. Financial Performance
- 6.6.5.3. Product Type Benchmarking
- 6.6.5.4. Strategic Initiatives
- 6.6.6. CF Industries Holdings, Inc.
- 6.6.6.1. Company Overview
- 6.6.6.2. Financial Performance
- 6.6.6.3. Product Type Benchmarking
- 6.6.6.4. Strategic Initiatives
- 6.6.7. EuroChem Group AG
- 6.6.7.1. Company Overview
- 6.6.7.2. Financial Performance
- 6.6.7.3. Product Type Benchmarking
- 6.6.7.4. Strategic Initiatives
- 6.6.8. Austin Powder Company
- 6.6.8.1. Company Overview
- 6.6.8.2. Financial Performance
- 6.6.8.3. Product Type Benchmarking
- 6.6.8.4. Strategic Initiatives
- 6.6.9. Vijay Gas Industry P Ltd
- 6.6.9.1. Company Overview
- 6.6.9.2. Financial Performance
- 6.6.9.3. Product Type Benchmarking
- 6.6.9.4. Strategic Initiatives
- 6.6.10. OSTCHEM Holding
- 6.6.10.1. Company Overview
- 6.6.10.2. Financial Performance
- 6.6.10.3. Product Type Benchmarking
- 6.6.10.4. Strategic Initiatives