Product Code: CMI6372
Global Ammonium Nitrate Market is estimated to be valued at US$ 18.41 Bn in 2025 and is expected to reach US$ 25.21 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2032.
Report Coverage |
Report Details |
Base Year: |
2024 |
Market Size in 2025: |
US$ 18.41 Bn |
Historical Data for: |
2020 To 2024 |
Forecast Period: |
2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: |
4.60% |
2032 Value Projection: |
US$ 25.21 Bn |
Figure. Ammonium Nitrate Market Share (%), By Region 2025

The global ammonium nitrate market has been witnessing steady growth over the past few years owing to increasing demand from the agriculture and construction industries. Ammonium nitrate is one of the widely used fertilizers globally as it contains high amount of nitrogen which is the essential nutrient required for healthy growth of plants. It helps in increasing crop yields substantially. Moreover, ammonium nitrate also finds applications as an oxidizing agent in explosives and propellants used in mining and construction activities. Wide range of end-use industries, growing population globally increasing demand for food, and rapid infrastructure growth in developing nations are some of the key factors expected to drive the demand for ammonium nitrate in the coming years. However, stringent regulations regarding the storage and transportation of ammonium nitrate due to its hazardous nature can slightly hamper the market growth.
Market Dynamics
The global ammonium nitrate market is expected to witness steady growth over the forecast period owing to growing demand from the agriculture and construction sectors. Rapid growth in world population coupled with rising disposable income has increased the demand for food globally, which, in turn, is driving the need for ammonium nitrate as fertilizer. According to UN data 2021, the world population is expected to reach around 9.7 billion by 2050 which will expand agricultural activities significantly. This is a major growth driver for the ammonium nitrate market. On the construction side, increasing infrastructure development activities in emerging economies of Asia Pacific and the Middle East countries are fueling the demand for ammonium nitrate for mining and quarrying applications.
Key Features of the Study
This report provides in-depth analysis of the global ammonium nitrate market and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global ammonium nitrate market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Yara International ASA, CF Industries Holdings, Inc., Nutrien Ltd., Orica Limited, Nufarm Limited, BFG Supply Co., EuroChem Group AG, Hanfeng Evergreen Inc., Acron Group, Dyno Nobel Inc., Incitec Pivot Limited, Uralchem Integrated Chemicals Company, Hubei Yihua Chemical Industry Co., Ltd., Grupo Nutrisa, and Agrium Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global ammonium nitrate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ammonium nitrate market
Market Segmentation
- Application Insights (Revenue, USD Bn, 2020 - 2032)
- Mining
- Quarrying
- Civil Construction
- Others
- End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
- Agriculture
- Mining
- Pharmaceutical
- Plastics
- Pulp and Paper
- Others
- Grade Insights (Revenue, USD Bn, 2020 - 2032)
- Agriculture Grade
- Industrial Grade
- Food Grade
- Technical Grade
- Others
- Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Yara International ASA
- CF Industries Holdings, Inc.
- Nutrien Ltd.
- Orica Limited
- Nufarm Limited
- BFG Supply Co.
- EuroChem Group AG
- Hanfeng Evergreen Inc.
- Acron Group
- Dyno Nobel Inc.
- Incitec Pivot Limited
- Uralchem Integrated Chemicals Company
- Hubei Yihua Chemical Industry Co., Ltd.
- Grupo Nutrisa
- Agrium Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Ammonium Nitrate Market, By Application
- Global Ammonium Nitrate Market, By End-use Industry
- Global Ammonium Nitrate Market, By Grade
- Global Ammonium Nitrate Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trends
4. Global Ammonium Nitrate Market, By Application, 2020-2032, (USD)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Quarrying
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Civil Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
5. Global Ammonium Nitrate Market, By End-use Industry, 2020-2032, (USD)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Plastics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Pulp and Paper
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
6. Global Ammonium Nitrate Market, By Grade, 2020-2032, (USD)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Agriculture Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Industrial Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Food Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Technical Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD)
7. Global Ammonium Nitrate Market, By Region, 2020 - 2032, Value (USD)
- Introduction
- Market Share (%) Analysis, 2025,2028 & 2032, Value (USD)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
- Latin America
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD)
- Market Size and Forecast, By End-use Industry, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Grade, 2020 - 2032, Value (USD)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Yara International ASA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- CF Industries Holdings, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Nutrien Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Orica Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Nufarm Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BFG Supply Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- EuroChem Group AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hanfeng Evergreen Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Acron Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Dyno Nobel Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Incitec Pivot Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Uralchem Integrated Chemicals Company
- Hubei Yihua Chemical Industry Co., Ltd.
- Grupo Nutrisa
- Agrium Inc.
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us