India Ammonium Nitrate Market, By Product Type, By Grade, By Application, By Geography

India Ammonium Nitrate Market is estimated to be valued at USD 1,506.5 Mn in 2025 and is expected to reach USD 2,206.0 Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2032.

The India ammonium nitrate market represents a critical segment within the country's chemical and fertilizer industry, serving as a fundamental component for agricultural productivity and industrial applications. Ammonium nitrate, a white crystalline compound with the chemical formula NH4NO3, stands as one of the most widely utilized nitrogen-based fertilizers in Indian agriculture, providing essential nutrients for crop growth and yield enhancement. The compound's dual functionality as both a fertilizer and an industrial chemical has established its significance across multiple sectors, including agriculture, mining, and explosives manufacturing. India's robust agricultural sector, which employs nearly half of the country's workforce and contributes significantly to the GDP, drives substantial demand for ammonium nitrate-based fertilizers.

Market Dynamics

The India ammonium nitrate market is propelled by several key drivers that underscore its growth trajectory, with the primary catalyst being the country's extensive agricultural sector and the pressing need for enhanced crop productivity to feed a growing population of over 1.4 billion people. Government subsidies and support schemes for fertilizer procurement, including the Nutrient Based Subsidy (NBS) system, significantly boost market demand by making ammonium nitrate more accessible to farmers across different economic strata. The increasing adoption of precision farming techniques and soil health management practices further drives the demand for specialized nitrogen fertilizers like ammonium nitrate, which offers quick nutrient availability and improved nitrogen use efficiency. Industrial expansion, particularly in mining and construction sectors, creates additional demand for ammonium nitrate in explosive manufacturing, supporting market growth beyond agricultural applications.

Key features of the study

• This report provides in-depth analysis of the India ammonium nitrate market, and provides market size (USD Mn) 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 approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the India 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 Tata Chemicals Limited, Urea Fertilizers, Rashtriya Chemicals and Fertilizers Limited (RCF), BASF SE, Yara International ASA, CF Industries Holdings, Inc., Orica Limited, SABIC, Nutrien Ltd., Koch Industries, Inc., Deepak Fertilisers and Petrochemicals Corporation Limited, Machhar Industries Limited, Chemtrade Logistics Inc., and APURVA CHEMICALS
• 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 India 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 India ammonium nitrate market

Market Segmentation

• Product Type Insights (Revenue, USD Mn, 2020 - 2032)
  • High Density Ammonium Nitrate
  • Low Density Ammonium Nitrate
  • Ammonium Nitrate Solution
• Grade Insights (Revenue, USD Mn, 2020 - 2032)
  • Technical Grade
  • Agriculture Grade
• Application Insights (Revenue, USD Mn, 2020 - 2032)
  • Mining
  • Agriculture
  • Defense
  • Pharmaceutical
  • Others
• Regional Insights (Revenue, USD Mn, 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
  • Tata Chemicals Limited
  • Urea Fertilizers
  • Rashtriya Chemicals and Fertilizers Limited (RCF)
  • BASF SE
  • Yara International ASA
  • CF Industries Holdings, Inc.
  • Orica Limited
  • SABIC
  • Nutrien Ltd.
  • Koch Industries, Inc.
  • Deepak Fertilisers and Petrochemicals Corporation Limited
  • Machhar Industries Limited
  • Chemtrade Logistics Inc.
  • APURVA CHEMICALS