Ammonium Nitrate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

the Ammonium Nitrate Market Report is Segmented by Application (fertilizers, Explosives, and Other Applications), End-User Industry (agriculture, Mining, Defense, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). the Market Size and Forecasts are Provided in Terms of Volume (tons) for all the Above Segments.

Ammonium Nitrate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Ammonium Nitrate Market Size

Ammonium Nitrate Market Summary
Study Period 2019 - 2030
Market Volume (2025) 49.77 Million tons
Market Volume (2030) 53.12 Million tons
CAGR 1.31 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Ammonium Nitrate Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Ammonium Nitrate Market Analysis

The Ammonium Nitrate Market size is estimated at 49.77 million tons in 2025, and is expected to reach 53.12 million tons by 2030, at a CAGR of 1.31% during the forecast period (2025-2030).

During 2020, the ammonium nitrate market growth was hampered owing to the transport restrictions and the scarce availability of raw materials caused by the COVID-19 outbreak. However, the market has recovered steadily thereafter and is growing at a moderate pace, owing to increased consumption of ammonium nitrate from various industries post-pandemic.

  • Increasing consumption of ammonium nitrate in the production of agricultural products or fertilizers is a major factor fueling the market growth.
  • On the flip side, the presence of alternatives for ammonium nitrate in the market, such as urea and nitrogen-based fertilizers, is increasing and is anticipated to hinder the market's growth over the forecast period.
  • Furthermore, the growing usage of ammonium nitrate as a vital component in numerous explosives employed in the mining industry for seismic exploration is likely to create profitable growth opportunities for the global market in the future.
  • North America dominated the global market, wherein a significant share of ammonium nitrate consumption was observed from countries such as the United States and Canada.

Ammonium Nitrate Industry Overview

The ammonium nitrate market is highly fragmented in nature. The major players in the studied market (not in any particular order) include EuroChem Group, Orica Limited, CF Industries Holdings, Inc., URALCHEM JSC, and Yara International ASA, among others.

Ammonium Nitrate Market Leaders

  1. URALCHEM JSC

  2. Yara International ASA

  3. CF Industries Holdings, Inc.

  4. EuroChem Group

  5. Orica Limited

  6. *Disclaimer: Major Players sorted in no particular order
Ammonium Nitrate Market Concentration
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Ammonium Nitrate Market News

July 2023: Yara Clean Ammonia and Bunker Holding signed an MOU (Memorandum of Understanding) to develop the market for ammonia as a shipping fuel. Ammonia is being used as a marine fuel for decarbonized maritime transportation.

April 2023: Chambal Fertilisers announced to build a greenfield 240,000 tonne/year technical ammonium nitrate (TAN) plant at its Gadepan complex in the northwestern Rajasthan state. The plant is expected to commence operations by October 2025.

Ammonium Nitrate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Rising Demand for Ammonium Nitrate-Fuel Oil (ANFO)
    • 4.1.2 Increasing Demand for Fertilizers in Agricultural Sector
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Stringent Regulations on Using Ammonium Nitrate
    • 4.2.2 Availability of Substitute Products
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Application
    • 5.1.1 Fertilizers
    • 5.1.2 Explosives
    • 5.1.3 Other Applications (Gas Generators, Cold Packs, Pyrotechnics, Rocket Propulsion, and Industrial Processes)
  • 5.2 End-User Industry
    • 5.2.1 Agriculture
    • 5.2.2 Mining
    • 5.2.3 Defense
    • 5.2.4 Other End-user Industries (Automotive, Food Industry, Oil and Gas, Medical, and Construction)
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East & Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share(%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 CF Industries Holdings, Inc.
    • 6.4.2 Chambal Fertilisers
    • 6.4.3 ENAEX
    • 6.4.4 EuroChem Group
    • 6.4.5 MAXAMCORP INTERNATIONAL SL
    • 6.4.6 Orica Limited.
    • 6.4.7 Sasol Ltd.
    • 6.4.8 San Corporation
    • 6.4.9 URALCHEM JSC
    • 6.4.10 Vijay Gas Industry Pvt. Ltd
    • 6.4.11 Yara International ASA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Development of Smart Explosives
  • 7.2 Other Opportunities
**Subject to Availability
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Ammonium Nitrate Industry Segmentation

Ammonium nitrate (NH4NO3) is a chemical compound composed of ammonium ions (NH4+) and nitrate ions (NO3-). It is a white, crystalline solid that is highly soluble in water. Ammonium nitrate is well-known for its use in various industrial, agricultural, and commercial applications due to its unique properties.

The ammonium nitrate market is segmented by application, end-user industry, and geography. By application, the market is segmented into fertilizers, explosives, and other applications (cold packs, gas generators, pyrotechnics, rocket propulsion, and industrial processes). By end-user industry, the market is segmented into agriculture, mining, defense, and other end-user industries (automotive, food, chemical, oil and gas, medical, and construction). The report also covers the market size and forecasts for the ammonium nitrate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Application Fertilizers
Explosives
Other Applications (Gas Generators, Cold Packs, Pyrotechnics, Rocket Propulsion, and Industrial Processes)
End-User Industry Agriculture
Mining
Defense
Other End-user Industries (Automotive, Food Industry, Oil and Gas, Medical, and Construction)
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East & Africa Saudi Arabia
South Africa
Rest of Middle East & Africa
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Ammonium Nitrate Market Research Faqs

How big is the Ammonium Nitrate Market?

The Ammonium Nitrate Market size is expected to reach 49.77 million tons in 2025 and grow at a CAGR of 1.31% to reach 53.12 million tons by 2030.

What is the current Ammonium Nitrate Market size?

In 2025, the Ammonium Nitrate Market size is expected to reach 49.77 million tons.

Who are the key players in Ammonium Nitrate Market?

URALCHEM JSC, Yara International ASA, CF Industries Holdings, Inc., EuroChem Group and Orica Limited are the major companies operating in the Ammonium Nitrate Market.

Which is the fastest growing region in Ammonium Nitrate Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Ammonium Nitrate Market?

In 2025, the North America accounts for the largest market share in Ammonium Nitrate Market.

What years does this Ammonium Nitrate Market cover, and what was the market size in 2024?

In 2024, the Ammonium Nitrate Market size was estimated at 49.12 million tons. The report covers the Ammonium Nitrate Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Ammonium Nitrate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Ammonium Nitrate Industry Report

Statistics for the 2025 Ammonium Nitrate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ammonium Nitrate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.