India Ammonium Nitrate Market to Hit USD 805.80 Million to 2025-2033 - IMARC Group

The latest report by IMARC Group, titled "India Ammonium Nitrate Market Size, Share, Trends and Forecast by Grade, Solids, End Use, and Region, 2025-2033", offers a comprehensive analysis of the India video surveillance systems market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The India ammonium nitrate market size reached USD 578.54 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 805.80 Million by 2033, exhibiting a growth rate (CAGR) of 3.75% during 2025-2033.

Base Year:2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 578.54 Million
Market Forecast in 2033: USD 805.80 Million
Market Growth Rate 2025-2033: 3.75%

India Ammonium Nitrate Market Overview

The growth in the Indian ammonium nitrate market is very vigorous with increased consumption by industrial and agricultural sectors for various applications. Ammonium nitrate is largely used in fertilizers and explosives and is significantly contributing to India's agriculture growth and infrastructure development. The increasing requirement for high-yield crop production is enhancing its demand in nitrogen-based fertilizers, especially in rural and semi-urban areas. At the same time, its energetic nature is being exploited in large-scale mining, quarrying, and construction projects for efficient blasting operations. This duality of demand is placing ammonium nitrate as a strategic commodity in the nation's industrial supply chain.

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India Ammonium Nitrate Market Trend & Market Drivers

A reflection of the advancements in manufacturing and the ever-increasing availability of raw materials, the ammonium nitrate market in India is increasingly becoming more stable and consistent in production. Government policies intending modernization of agriculture and rural development all but guarantee greater acceptance and use of nitrate-based fertilizers. Furthermore, heightened investments in infrastructure and mineral exploration have set the construction and mining sectors up for steady demand. The key players of the market have also been investing in sustainable supply and safety enhancements to comply with regulatory scrutiny, while ensuring uninterrupted supply. While the population growth will necessitate food security initiatives, industrialization is accelerating in various key regions, which could only mean that the market is continuously evolving to satisfy these expanding domestic needs.

India Ammonium Nitrate Market Segment

1. By Grade:
• Agriculture
• Industrial

2. By Solids:
• High-Density Ammonium Nitrate
• Low-Density Ammonium Nitrat

3. By Application:
• Fertilizers
• Explosives
• Others

4. By End-Use Industry:
• Agriculture
• Mining
• Defense
• Others

5. By Region:
• North India
• South India
• East India
• West India

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India Ammonium Nitrate Market News:

In January 2025, Chambal Fertilisers outmoded its association with Larsen & Toubro for establishing a technical ammonium nitrate (TAN) plant at Gadepan in Rajasthan. The contract has now been fixed on Rs. 992.71 crore and covers design, procurement, construction, and commissioning of the plant, with provisions for future expansion. The completion date of the project has further been pushed to January 19, 2026, giving the parties ample time to finalize the work and carry out further extension.

Earlier in August 2024, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) sanctioned an investment to boost weak nitric acid production capacity by 57%, which will now be up to 200,000 metric tonnes per annum. It also approved the investments for ammonium nitrate production in order to cater to the growing demand and strengthen its market position.

Key highlights of the Report:

1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.