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Ammonium Nitrate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Ammonium Nitrate is segmented by Application (Fertilizers, Explosives, and Other Applications), End-user (Agriculture, Mining, Defence and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

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Ammonium Nitrate Snapshot

Ammonium Nitrate Market Overview
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >4 %
Ammonium Nitrate Market Major Players

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Market Overview

The market for ammonium nitrate is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are the growing demand from the agriculture industry. An increase in regulations due to potential misuse is expected to hinder the growth of the market studied.

  • The agricultural industry dominated the market and is expected to grow during the forecast period owing to the increasing agriculture activities across the world.
  • Research in smart explosives is likely to act as an opportunity in the future.
  • North America dominated the market across the world with the largest amounts of ammonium nitrate consumption from countries, such as the United States and Canada.

Scope of the Report

The ammonium nitrate market report includes:

Application
Fertilizers
Explosives
Other Applications
End Users
Agriculture
Mining
Defence
Other End Users
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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Key Market Trends

Agriculture Segment Accounted for Major Share of the Ammonium Nitrate Market

  • In the agricultural industry, fertilizers are used to enrich the growth of plants. They contain essential nutrients for plants, which provide healthy growth and keep them disease free. There are various types of fertilizers that are available in soluble, dry crystalline, and time-release forms. Ammonium nitrate is one such fertilizer that is used for providing adequate levels of nitrogen to plants.
  • It is a high-nitrogen fertilizer and is used as an oxidizing agent. Ammonium nitrate (NH4NO3) is made by combining ammonia with nitric acid.
  • Upon the application of ammonium nitrate fertilizer, it dissociates into ammonium (NH4+) and nitrate (NO3-). This dissociated nitrogen present in the soil can be directly consumed by the plants. The instant availability of nitrate ions makes ammonium nitrate superior over other fertilizers.
  • Hence, with the rapidly growing agricultural activities across the world, the demand for solid ammonium nitrate is expected to rapidly increase over the forecast period.
Ammonium Nitrate Market Key Trends

North America Region to Dominate the Market

  • North America represents the largest regional market for global ammonium nitrate market.
  • This enormous demand for ammonium nitrate is a consequence of the growing demand for ammonium nitrate fuel oil and an increase in demand for explosives in defense.
  • In North America, the United States provides the primary market for the agricultural industries.
  • Fertilizers segment is projected to grow owing to the dynamic growth of agricultural activities in the region over the forecast period.
Ammonium Nitrate Market Growth Rate

Competitive Landscape

The global ammonium nitrate market is highly fragmented with the presence of many players in the market. The major companies include Euro chem, Orica, CF Industries, Enaex, and The Chemours  Company, among others.

Euro chem, Orica, CF Industries, Enaex ,The Chemours Company

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Agricultural Industry

      2. 4.1.2 Rising Demand for Ammonium Nitrate fuel oil (ANFO)

    2. 4.2 Restraints

      1. 4.2.1 Increase in Regulations Due to Potential for Misuse

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Fertilizers

      2. 5.1.2 Explosives

      3. 5.1.3 Other Applications

    2. 5.2 End Users

      1. 5.2.1 Agriculture

      2. 5.2.2 Mining

      3. 5.2.3 Defence

      4. 5.2.4 Other End Users

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 CF Industries

      2. 6.4.2 Croda international

      3. 6.4.3 Elementis

      4. 6.4.4 Enaex

      5. 6.4.5 Euro chem

      6. 6.4.6 Jhonson Matthey

      7. 6.4.7 KRONOS Worldwide, Inc.

      8. 6.4.8 Maxam

      9. 6.4.9 Orica

      10. 6.4.10 Sasol

      11. 6.4.11 Scapa

      12. 6.4.12 Synthomer

      13. 6.4.13 TAYCA Corporation

      14. 6.4.14 The Chemours Company

      15. 6.4.15 The Kish Company Inc.

      16. 6.4.16 Treatt PLC

      17. 6.4.17 Tronox Limited

      18. 6.4.18 Venator Materials PLC (Huntsman International)

      19. 6.4.19 Victrex

      20. 6.4.20 Yara

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Smart Explosives

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Ammonium Nitrate Market market is studied from 2016 - 2026.

The Ammonium Nitrate Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Euro chem, Orica, CF Industries, Enaex, The Chemours Company are the major companies operating in Ammonium Nitrate Market.

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