Ammonium nitrate (NH₄NO₃) is composed of ammonium and nitrate ions, forming a white crystalline solid that is highly soluble in water and remains solid at room temperature. It serves primarily as a high-nitrogen fertilizer in agriculture, providing essential nutrients to plants.
Ammonium nitrate is categorized into different types including high density, low density, and others. High-density ammonium nitrate (HDAN) specifically possesses a greater density compared to standard ammonium nitrate. It finds applications in fertilizers, explosives, and other uses, catering to various industries such as agriculture, mining, defense, among others.
The ammonium nitrate market research report is one of a series of new reports that provides ammonium nitrate market statistics, including ammonium nitrate industry global market size, regional shares, competitors with an ammonium nitrate market share, detailed ammonium nitrate market segments, market trends and opportunities, and any further data you may need to thrive in the ammonium nitrate industry. This ammonium nitrate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ammonium nitrate market size has grown strongly in recent years. It will grow from $18.4 billion in 2023 to $19.4 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The increase in the historical period can be linked to higher crop production for food security, a rise in demand for explosives in mining and construction, increased usage of ammonium nitrate in mining and quarrying, heightened demand for ammonium nitrate in defense, and greater utilization of ammonium nitrate in pharmaceuticals.
The ammonium nitrate market size is expected to see strong growth in the next few years. It will grow to $24.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to the escalating demand for ammonium nitrate-fuel oil, the increasing need for fertilizers in the agricultural sector, the expanding utilization of ammonium nitrate in agriculture due to its high nitrogen content, and the drive for improved crop yield and quality. Key trends expected in the forecast period include the demand for coated granules of ammonium nitrate, the development of new formulations for enhanced efficiency and safety, the adoption of innovative production methods to improve product quality, the promotion of high-nitrogen fertilizers for enhanced agricultural productivity, and the introduction of new products and partnerships.
The ammonium nitrate market is poised for growth driven by increasing construction activities. Construction involves the physical development of buildings, infrastructure, and other structures, spurred by rapid urbanization, infrastructure growth, and a focus on building efficiency and precision. Ammonium nitrate plays a crucial role in construction for breaking up tough materials and facilitating large-scale excavation and demolition projects, ensuring worker safety and environmental control. For instance, in December 2021, construction activity in the United States surged from $1.62 trillion in 2021 to $1.79 trillion in 2022, marking a 10.2% growth rate. This trend underscores how construction expansion propels the ammonium nitrate market.
Leading companies in the ammonium nitrate market are concentrating on innovation, such as developing low-carbon-footprint ammonium nitrate to align with sustainability objectives. This type of ammonium nitrate is manufactured using advanced technologies and sustainable practices to significantly reduce greenhouse gas emissions compared to conventional methods. For example, in September 2023, Fertiberia, a Spain-based chemicals manufacturer, introduced the world's first low-carbon technical ammonium nitrate produced using green hydrogen at its plant in Puertollano (Ciudad Real). This product targets mining and civil infrastructure markets across Europe, the Middle East, and Africa, showcasing its production from renewable hydrogen, replacing natural gas.
In April 2022, Casale, a Swiss fertilizer company, acquired Green Granulation Ltd. This acquisition strengthens Casale's footprint in the Chinese market and enhances its offerings in nitrogen-based fertilizers. Green Granulation Ltd. is a Hong Kong-based company that manufactures urea and ammonium nitrate (AN), high-density ammonium nitrate (HDAN), and calcium ammonium nitrate (CAN) granulation systems.
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.
North America was the largest region in the ammonium nitrate market in 2023. 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.
The countries covered in the ammonium nitrate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ammonium nitrate market consists of sales of high-density ammonium nitrate, porous-filled ammonium nitrate, and low-density prilled ammonium nitrate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Ammonium nitrate is categorized into different types including high density, low density, and others. High-density ammonium nitrate (HDAN) specifically possesses a greater density compared to standard ammonium nitrate. It finds applications in fertilizers, explosives, and other uses, catering to various industries such as agriculture, mining, defense, among others.
The ammonium nitrate market research report is one of a series of new reports that provides ammonium nitrate market statistics, including ammonium nitrate industry global market size, regional shares, competitors with an ammonium nitrate market share, detailed ammonium nitrate market segments, market trends and opportunities, and any further data you may need to thrive in the ammonium nitrate industry. This ammonium nitrate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ammonium nitrate market size has grown strongly in recent years. It will grow from $18.4 billion in 2023 to $19.4 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The increase in the historical period can be linked to higher crop production for food security, a rise in demand for explosives in mining and construction, increased usage of ammonium nitrate in mining and quarrying, heightened demand for ammonium nitrate in defense, and greater utilization of ammonium nitrate in pharmaceuticals.
The ammonium nitrate market size is expected to see strong growth in the next few years. It will grow to $24.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to the escalating demand for ammonium nitrate-fuel oil, the increasing need for fertilizers in the agricultural sector, the expanding utilization of ammonium nitrate in agriculture due to its high nitrogen content, and the drive for improved crop yield and quality. Key trends expected in the forecast period include the demand for coated granules of ammonium nitrate, the development of new formulations for enhanced efficiency and safety, the adoption of innovative production methods to improve product quality, the promotion of high-nitrogen fertilizers for enhanced agricultural productivity, and the introduction of new products and partnerships.
The ammonium nitrate market is poised for growth driven by increasing construction activities. Construction involves the physical development of buildings, infrastructure, and other structures, spurred by rapid urbanization, infrastructure growth, and a focus on building efficiency and precision. Ammonium nitrate plays a crucial role in construction for breaking up tough materials and facilitating large-scale excavation and demolition projects, ensuring worker safety and environmental control. For instance, in December 2021, construction activity in the United States surged from $1.62 trillion in 2021 to $1.79 trillion in 2022, marking a 10.2% growth rate. This trend underscores how construction expansion propels the ammonium nitrate market.
Leading companies in the ammonium nitrate market are concentrating on innovation, such as developing low-carbon-footprint ammonium nitrate to align with sustainability objectives. This type of ammonium nitrate is manufactured using advanced technologies and sustainable practices to significantly reduce greenhouse gas emissions compared to conventional methods. For example, in September 2023, Fertiberia, a Spain-based chemicals manufacturer, introduced the world's first low-carbon technical ammonium nitrate produced using green hydrogen at its plant in Puertollano (Ciudad Real). This product targets mining and civil infrastructure markets across Europe, the Middle East, and Africa, showcasing its production from renewable hydrogen, replacing natural gas.
In April 2022, Casale, a Swiss fertilizer company, acquired Green Granulation Ltd. This acquisition strengthens Casale's footprint in the Chinese market and enhances its offerings in nitrogen-based fertilizers. Green Granulation Ltd. is a Hong Kong-based company that manufactures urea and ammonium nitrate (AN), high-density ammonium nitrate (HDAN), and calcium ammonium nitrate (CAN) granulation systems.
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.
North America was the largest region in the ammonium nitrate market in 2023. 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.
The countries covered in the ammonium nitrate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ammonium nitrate market consists of sales of high-density ammonium nitrate, porous-filled ammonium nitrate, and low-density prilled ammonium nitrate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Ammonium Nitrate Market Characteristics3. Ammonium Nitrate Market Trends And Strategies32. Global Ammonium Nitrate Market Competitive Benchmarking33. Global Ammonium Nitrate Market Competitive Dashboard34. Key Mergers And Acquisitions In The Ammonium Nitrate Market
4. Ammonium Nitrate Market - Macro Economic Scenario
5. Global Ammonium Nitrate Market Size and Growth
6. Ammonium Nitrate Market Segmentation
7. Ammonium Nitrate Market Regional And Country Analysis
8. Asia-Pacific Ammonium Nitrate Market
9. China Ammonium Nitrate Market
10. India Ammonium Nitrate Market
11. Japan Ammonium Nitrate Market
12. Australia Ammonium Nitrate Market
13. Indonesia Ammonium Nitrate Market
14. South Korea Ammonium Nitrate Market
15. Western Europe Ammonium Nitrate Market
16. UK Ammonium Nitrate Market
17. Germany Ammonium Nitrate Market
18. France Ammonium Nitrate Market
19. Italy Ammonium Nitrate Market
20. Spain Ammonium Nitrate Market
21. Eastern Europe Ammonium Nitrate Market
22. Russia Ammonium Nitrate Market
23. North America Ammonium Nitrate Market
24. USA Ammonium Nitrate Market
25. Canada Ammonium Nitrate Market
26. South America Ammonium Nitrate Market
27. Brazil Ammonium Nitrate Market
28. Middle East Ammonium Nitrate Market
29. Africa Ammonium Nitrate Market
30. Ammonium Nitrate Market Competitive Landscape And Company Profiles
31. Ammonium Nitrate Market Other Major And Innovative Companies
35. Ammonium Nitrate Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Ammonium Nitrate Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on ammonium nitrate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for ammonium nitrate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ammonium nitrate market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: High Density; Low Density; Other Product Types2) By Application: Fertilizers; Explosives; Other Applications
3) By End-User Industry: Agriculture; Mining; Defense; Other End-User Industries
Key Companies Mentioned: Nutrien Ltd.; Yara International ASA; Abu Qir Fertilizers and Chemicals Company; Sasol Ltd.; Borealis AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Methodology
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