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Global Ammonium Nitrate Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Ammonium Nitrate
What Is the Ammonium Nitrate Market Size and Projected Growth Rate?
The ammonium nitrate market has grown strongly, forecasted to expand from $19.4 billion in 2024 to $20.56 billion in 2025 at a CAGR of 6.0%, fueled by food security-driven farming, demand for mining explosives, use in quarrying, defense applications, and roles in the pharmaceutical sector.
The ammonium nitrate market will grow strongly to $25.61 billion in 2029 at a CAGR of 5.6%, due to increased agricultural use, high crop yields, and fertilizer demand. Trends include coated granules, efficient formulations, innovative production, and new partnerships.
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What Are the Major Segments in the Ammonium Nitrate Market?
The ammonium nitrate market covered in this report is segmented -
1) By Product Type: High Density, Low Density, Other Product Types
2) By Application: Fertilizers, Explosives, Other Applications
3) By End-User Industry: Agriculture, Mining, Defense, Other End-User Industries
Subsegments:
1) By High Density: High-Density Ammonium Nitrate For Industrial Explosives, High-Density Ammonium Nitrate For Mining And Quarrying, High-Density Ammonium Nitrate For Agricultural Fertilizers, High-Density Ammonium Nitrate For Demolition And Construction
2) By Low Density: Low-Density Ammonium Nitrate For Fertilizer Production, Low-Density Ammonium Nitrate For Explosives In Agriculture, Low-Density Ammonium Nitrate For Controlled-Release Fertilizers
3) By Other Product Types: Ammonium Nitrate Solution (Liquid Form), Ammonium Nitrate With Additives (Prilled With Anti-caking Agents), Specialty Ammonium Nitrate For Specific Applications (Automotive Or Military Use)
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What Are The Driving Ammonium Nitrate Market Evolution?
The increase in construction activity is fueling the ammonium nitrate market. Urbanization and infrastructure projects are expanding globally, requiring efficient demolition tools like ammonium nitrate. The US Census Bureau reported in July 2024 that construction spending rose from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. This growth supports demand for ammonium nitrate.
Which Firms Dominate The Ammonium Nitrate Market Segments?
Major companies operating in the ammonium nitrate market are Nutrien Ltd., Yara International ASA, Abu Qir Fertilizers and Chemicals Company, Sasol Ltd., Borealis AG, Potash Corporation of Saskatchewan Inc., CF Industries Holdings, Inc., Ube Industries Ltd., EuroChem Group AG, Orica Limited, Incitec Pivot Ltd., Chambal Fertilisers and Chemicals Ltd., Dyno Nobel, Austin Powder Company, Enaex, OSTCHEM Holding AG, URALCHEM JSC, Fertiberia S.A., Neochim Plc, JSC Belaruskali, Machhar Industries Limited, GPN GmbH, Lovochemie A.S., San Corporation, Vijay Gas Industry Pvt. Ltd.
What Ammonium Nitrate Market Trends Are Gaining Traction Across Different Segments?
Leading companies in the ammonium nitrate market are developing low-carbon-footprint solutions to align with environmental goals. In September 2023, Fertiberia, a Spain-based fertilizer manufacturer, unveiled the first low-carbon technical ammonium nitrate produced using green hydrogen at its Puertollano facility. This product is intended for use in mining and infrastructure sectors across EMEA, helping reduce reliance on natural gas in fertilizer production.
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Which Is The Largest Region In The Ammonium Nitrate Market?
North America was the largest region in the ammonium nitrate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ammonium nitrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ammonium Nitrate Market?
2. What is the CAGR expected in the Ammonium Nitrate Market?
3. What Are the Key Innovations Transforming the Ammonium Nitrate Industry?
4. Which Region Is Leading the Ammonium Nitrate Market?
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