Ammonium Nitrate Market by Form, Application, End-User

List of Tables

[185 Pages Report] The Ammonium Nitrate Market size was estimated at USD 15.63 billion in 2022 and expected to reach USD 16.30 billion in 2023, at a CAGR 4.58% to reach USD 22.38 billion by 2030.

Global Ammonium Nitrate Market

KEY MARKET STATISTICS
Base Year [2022]	USD 15.63 billion
Estimated Year [2023]	USD 16.30 billion
Forecast Year [2030]	USD 22.38 billion
CAGR (%)	4.58%

Ammonium nitrate, a salt of ammonia and nitric acid, having a chemical formula of (NH4NO3), is a white crystalline solid at room temperature. The high solubility in water and hygroscopic nature of ammonium nitrate easily absorbs moisture from the atmosphere. The high nitrogen content in ammonium nitrate, owing to the dual nitrogen sources, including ammonia (NH3) and nitric acid (HNO3), makes it useful to increase crop yield and fulfill the growing demand for food across the globe. Furthermore, ammonium nitrate poses risks in terms of safety owing to its potential for explosion when subjected to high temperatures or stored improperly. Ammonium nitrate may undergo chemical decomposition and release toxic gases, including ammonia and nitrogen oxides, which results in hazardous health and environmental effects. However, this explosive property of ammonium nitrate creates a high potential for the compound to be used in the rapidly growing mining & construction sector. In addition, the robust research and development (R&D) activities being carried out to reduce the hazardness of ammonium nitrate are creating a lucrative scope for the global ammonium nitrate market.

Regional Insights

Europe, the Middle East, and the African region's ammonium nitrate market are proliferating owing to the presence of major producers and exporters of ammonium nitrate and the growing usage of ammonium-nitrate-based fertilizers in agricultural lands. Moreover, government standards for handling, manufacturing, and exporting ammonium nitrate in the region have made the ammonium nitrate market in EMEA more competitive and standardized. The major presence of emerging economies in the Asia-Pacific region with growing construction sector investments and significant agricultural activities drives the ammonium nitrate requirement. The American government and regulatory organizations are continuously investing to support fertilizer production to address rising costs. The ongoing mining activities in the Americas are further expected to increase the usage of ammonium nitrate in the coming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Ammonium Nitrate Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Ammonium Nitrate Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Ammonium Nitrate Market, highlighting leading vendors and their innovative profiles. These include Abu Qir Fertilizers and Chemical Industries Company, Austin Powder Company, CF Industries Holdings, Inc., CSBP Limited, CVR Partners, LP, Deepak Fertilisers And Petrochemicals Corporation Ltd., Enaex S.A., EPC Groupe, Eurochem Group AG, Fertiberia, S.A., GFS Chemicals, Inc., GROUP DF, Incitec Pivot Limited, Koch Industries, Inc., KUMPULAN SAINTIFIK F.E. SDN BHD, LARSEN & TOUBRO LIMITED, MaxamCorp Holding, S.L., Merck KGaA, Neochim PLC, Noah Chemicals, Inc., Orica Limited, PhosAgro Group of Companies, San Corporation, Sasol Limited, Sumitomo Chemical Co., Ltd., URALCHEM JSC, Vaisala Oyj, and Yara International ASA.

Market Segmentation & Coverage

This research report categorizes the Ammonium Nitrate Market to forecast the revenues and analyze trends in each of the following sub-markets:

Form
- Granular
- Powder
Application
- Explosives
- Fertilizers
End-User
- Agriculture
- Civil & Commercial Explosives
- Military Explosives
- Mining & Quarrying
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - Arizona
    - California
    - Colorado
    - Florida
    - Illinois
    - Massachusetts
    - Michigan
    - Nevada
    - Ohio
    - Oregon
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Ammonium Nitrate Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ammonium Nitrate Market?

3. What are the technology trends and regulatory frameworks in the Ammonium Nitrate Market?

4. What is the market share of the leading vendors in the Ammonium Nitrate Market?

5. Which modes and strategic moves are suitable for entering the Ammonium Nitrate Market?

Product Code: MRR-436901065FAA

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Ammonium Nitrate Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Need for nitrogen rich fertilizers to increase the agriculture produce from limited arable land
  - 5.1.1.2. Increased utilization of ammonium nitrate in mining sector
- 5.1.2. Restraints
  - 5.1.2.1. Volatile prices of raw materials
- 5.1.3. Opportunities
  - 5.1.3.1. Significant investments in the building and construction sector
  - 5.1.3.2. New development in ammonium nitrate to improve efficacy
- 5.1.4. Challenges
  - 5.1.4.1. Stringent governmental regulations for storage, transport, and packaging
5.2. Market Segmentation Analysis
- 5.2.1. Form: Growing demand for granular ammonium nitrate from manufacturing sectors
- 5.2.2. Application: Wider adoption of ammonium nitrate for fertilizer manufacturing
- 5.2.3. End-User: Growing use of ammonium nitrate by the agriculture industry
5.3. Market Trend Analysis
- 5.3.1. Government initiative for ammonium nitrate based fertilizer production
- 5.3.2. Rapid expansion of agriculture and construction sector creating demand for ammonium nitrate in Asia-Pacific
- 5.3.3. Strong production capacity and increasing consumption of ammonium nitrate in EMEA region
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter's Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
- 5.10.1. Pricing Analysis and Trends 2017-2023

6. Ammonium Nitrate Market, by Form

6.1. Introduction
6.2. Granular
6.3. Powder

7. Ammonium Nitrate Market, by Application

7.1. Introduction
7.2. Explosives
7.3. Fertilizers

8. Ammonium Nitrate Market, by End-User

8.1. Introduction
8.2. Agriculture
8.3. Civil & Commercial Explosives
8.4. Military Explosives
8.5. Mining & Quarrying

9. Americas Ammonium Nitrate Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Ammonium Nitrate Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Ammonium Nitrate Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Abu Qir Fertilizers to set up new joint stock company
  - 12.3.1.2. Incitec Announces Completion of Titanobel Acquisition
  - 12.3.1.3. Casale Announces Acquisition of Green Granulation
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. Yara And Lantmannen Sign First Commercial Agreement For Fossil Free Fertilizers
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. Casale Key Technologies For A New Technical Ammonium Nitrate Complex
- 12.3.4. Investment & Funding
  - 12.3.4.1. Abu Qir Fertilizers to Invest USD 1.2 billion In Setting Up A New Ammonia Plant
  - 12.3.4.2. L&T Wins Order For Its Hydrocarbon Business In The Range of Rs. 1,000 - 2,500 Cr
  - 12.3.4.3. Koch Fertilizer Blueprints USD 30M Project at UAN Plant
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. Deepak Fertilizers To Commission Ammonia Plant
  - 12.3.5.2. Tecnicas Reunidas Wins An Engineering Contract To Develop The Largest Ammonium Production Plant Of Kazakhstan
  - 12.3.5.3. CF Fertilisers UK Announces Proposals to Restructure Operations to Enable Continued Supply of Fertiliser, Carbon Dioxide and Other Industrial Products to Customers in the UK
  - 12.3.5.4. Chambal Fertilizers Okays Setting Up Of Plant In Kota
  - 12.3.5.5. Saudi Arabia Awards FEED Contract For Ammonium Nitrate Plant

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Abu Qir Fertilizers and Chemical Industries Company
- 13.1.2. Austin Powder Company
- 13.1.3. CF Industries Holdings, Inc.
- 13.1.4. CSBP Limited
- 13.1.5. CVR Partners, LP
- 13.1.6. Deepak Fertilisers And Petrochemicals Corporation Ltd.
- 13.1.7. Enaex S.A.
- 13.1.8. EPC Groupe
- 13.1.9. Eurochem Group AG
- 13.1.10. Fertiberia, S.A.
- 13.1.11. GFS Chemicals, Inc.
- 13.1.12. GROUP DF
- 13.1.13. Incitec Pivot Limited
- 13.1.14. Koch Industries, Inc.
- 13.1.15. KUMPULAN SAINTIFIK F.E. SDN BHD
- 13.1.16. LARSEN & TOUBRO LIMITED
- 13.1.17. MaxamCorp Holding, S.L.
- 13.1.18. Merck KGaA
- 13.1.19. Neochim PLC
- 13.1.20. Noah Chemicals, Inc.
- 13.1.21. Orica Limited
- 13.1.22. PhosAgro Group of Companies
- 13.1.23. San Corporation
- 13.1.24. Sasol Limited
- 13.1.25. Sumitomo Chemical Co., Ltd.
- 13.1.26. URALCHEM JSC
- 13.1.27. Vaisala Oyj
- 13.1.28. Yara International ASA
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing