Ammonium Nitrate Market Size, Share, Trends, Industry Analysis By Product (High Density, Low Density), By Application, By End Use, By Region

Description

List of Tables

The ammonium nitrate market size is expected to reach USD 25.29 Billion by 2034, according to a new study by Polaris Market Research. The report "Ammonium Nitrate Market Size, Share, Trends, Industry Analysis By Product (High Density, Low Density), By Application, By End Use, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global ammonium nitrate market is witnessing steady growth due to its role in agriculture and industrial applications. Demand remains strong in the fertilizer industry, where ammonium nitrate supports balanced agricultural micronutrients and improved agricultural productivity. Its ability to deliver nitrogen efficiently is making it a preferred choice in high-yield farming systems across both developed and developing regions.

The demand for ammonium nitrate is growing in mining, quarrying, and construction projects, where controlled blasting is required. Its cost-efficiency, chemical stability, and easy handling made it a widely adopted solution for large-scale operations.

Ammonium Nitrate Market Report Highlights

Based on product, the high-density segment dominated the market in 2024, owing to its extensive application in civil engineering projects and explosives manufacturing across industrial and mining sectors.

In terms of application, the fertilizers segment dominated the market in 2024. This is attributed to the increasing efforts to enhance crop yields and soil nutrition through nitrogen-based fertilizers.

Based on end use, the agriculture segment dominated the market in 2024, due to growing utilization of ammonium nitrate in large-scale agricultural practices aimed at boosting productivity.

Asia Pacific accounted for the majority share of the global ammonium nitrate market in 2024, driven by rising agricultural output and expansion of mining activities across key economies.

The market in North America is growing at the highest rate, driven by strong demand for ammonium nitrate-based explosives in the mining, infrastructure, and construction sectors.

A few global key market players include Austin Powder Company; Borealis AG; CF Industries Holdings, Inc.; CSBP Limited; Deepak Fertilisers and Petrochemicals Corporation Limited; EuroChem Group AG; Fertiberia SA; Incitec Pivot Ltd; Neochim Ad (Neochim PLC); Orica Ltd; OSTCHEM Holding Company; San Corporation; Sigdo Koppers Group (Enaex S.A.), Uralchem JSC; and Yara International ASA.

Polaris Market Research has segmented the ammonium nitrate market report on the basis of product, application, and region:

By Product Outlook (Volume, Kilotons; Revenue, USD Billion; 2020-2034)

High Density

Low Density

By Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2020-2034)

Fertilizers

Explosives

Others

By End Use Outlook (Volume, Kilotons; Revenue, USD Billion; 2020-2034)

Agriculture

Mining

Defense

Others

By Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2020-2034)

North America

U.S.

Canada

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Product Code: PM6114

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Ammonium Nitrate Market Insights

4.1. Ammonium Nitrate Market - Market Snapshot
4.2. Ammonium Nitrate Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rising Global Food Demand and Fertilizer Consumption
  - 4.2.1.2. Government-Led Support for Agricultural Self-Sufficiency
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Stringent Regulations and Safety Concerns
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Ammonium Nitrate Market Trends
4.6. Value Chain Analysis

5. Global Ammonium Nitrate Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
5.3. High Density
- 5.3.1. Global Ammonium Nitrate Market, by High Density, by Region, 2020-2034 (Kilotons, USD Billion)
5.4. Low Density
- 5.4.1. Global Ammonium Nitrate Market, by Low Density, by Region, 2020-2034 (Kilotons, USD Billion)

6. Global Ammonium Nitrate Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
6.3. Fertilizers
- 6.3.1. Global Ammonium Nitrate Market, by Fertilizers, by Region, 2020-2034 (Kilotons, USD Billion)
6.4. Explosives
- 6.4.1. Global Ammonium Nitrate Market, by Explosives, by Region, 2020-2034 (Kilotons, USD Billion)
6.5. Others
- 6.5.1. Global Ammonium Nitrate Market, by Others, by Region, 2020-2034 (Kilotons, USD Billion)

7. Global Ammonium Nitrate Market, by End Use

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
7.3. Agriculture
- 7.3.1. Global Ammonium Nitrate Market, by Agriculture, by Region, 2020-2034 (Kilotons, USD Billion)
7.4. Mining
- 7.4.1. Global Ammonium Nitrate Market, by Mining, by Region, 2020-2034 (Kilotons, USD Billion)
7.5. Defense
- 7.5.1. Global Ammonium Nitrate Market, by Defense, by Region, 2020-2034 (Kilotons, USD Billion)
7.6. Others
- 7.6.1. Global Ammonium Nitrate Market, by Others, by Region, 2020-2034 (Kilotons, USD Billion)

8. Global Ammonium Nitrate Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Ammonium Nitrate Market Assessment, By Geography, 2020-2034 (Kilotons, USD Billion)
8.3. Ammonium Nitrate Market - North America
- 8.3.1. North America: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
- 8.3.2. North America: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
- 8.3.3. North America: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.3.4. Ammonium Nitrate Market - U.S.
  - 8.3.4.1. U.S.: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.3.4.2. U.S.: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.3.4.3. U.S.: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.3.5. Ammonium Nitrate Market - Canada
  - 8.3.5.1. Canada: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.3.5.2. Canada: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.3.5.3. Canada: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
8.4. Ammonium Nitrate Market - Europe
- 8.4.1. Europe: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
- 8.4.2. Europe: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
- 8.4.3. Europe: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.4.4. Ammonium Nitrate Market - UK
  - 8.4.4.1. UK: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.4.4.2. UK: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.4.4.3. UK: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.4.5. Ammonium Nitrate Market - France
  - 8.4.5.1. France: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.4.5.2. France: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.4.5.3. France: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.4.6. Ammonium Nitrate Market - Germany
  - 8.4.6.1. Germany: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.4.6.2. Germany: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.4.6.3. Germany: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.4.7. Ammonium Nitrate Market - Italy
  - 8.4.7.1. Italy: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.4.7.2. Italy: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.4.7.3. Italy: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.4.8. Ammonium Nitrate Market - Spain
  - 8.4.8.1. Spain: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.4.8.2. Spain: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.4.8.3. Spain: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.4.9. Ammonium Nitrate Market - Netherlands
  - 8.4.9.1. Netherlands: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.4.9.2. Netherlands: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.4.9.3. Netherlands: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.4.10. Ammonium Nitrate Market - Russia
  - 8.4.10.1. Russia: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.4.10.2. Russia: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.4.10.3. Russia: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.4.11. Ammonium Nitrate Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.4.11.2. Rest of Europe: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.4.11.3. Rest of Europe: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
8.5. Ammonium Nitrate Market - Asia Pacific
- 8.5.1. Asia Pacific: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
- 8.5.2. Asia Pacific: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
- 8.5.3. Asia Pacific: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.5.4. Ammonium Nitrate Market - China
  - 8.5.4.1. China: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.5.4.2. China: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.5.4.3. China: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.5.5. Ammonium Nitrate Market - India
  - 8.5.5.1. India: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.5.5.2. India: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.5.5.3. India: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.5.6. Ammonium Nitrate Market - Malaysia
  - 8.5.6.1. Malaysia: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.5.6.2. Malaysia: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.5.6.3. Malaysia: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.5.7. Ammonium Nitrate Market - Japan
  - 8.5.7.1. Japan: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.5.7.2. Japan: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.5.7.3. Japan: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.5.8. Ammonium Nitrate Market - Indonesia
  - 8.5.8.1. Indonesia: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.5.8.2. Indonesia: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.5.8.3. Indonesia: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.5.9. Ammonium Nitrate Market - South Korea
  - 8.5.9.1. South Korea: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.5.9.2. South Korea: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.5.9.3. South Korea: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.5.10. Ammonium Nitrate Market - Australia
  - 8.5.10.1. Australia: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.5.10.2. Australia: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.5.10.3. Australia: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.5.11. Ammonium Nitrate Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
8.6. Ammonium Nitrate Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
- 8.6.2. Middle East & Africa: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
- 8.6.3. Middle East & Africa: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.6.4. Ammonium Nitrate Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.6.4.2. Saudi Arabia: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.6.4.3. Saudi Arabia: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.6.5. Ammonium Nitrate Market - UAE
  - 8.6.5.1. UAE: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.6.5.2. UAE: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.6.5.3. UAE: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.6.6. Ammonium Nitrate Market - Israel
  - 8.6.6.1. Israel: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.6.6.2. Israel: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.6.6.3. Israel: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.6.7. Ammonium Nitrate Market - South Africa
  - 8.6.7.1. South Africa: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.6.7.2. South Africa: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.6.7.3. South Africa: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.6.8. Ammonium Nitrate Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
8.7. Ammonium Nitrate Market - Latin America
- 8.7.1. Latin America: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
- 8.7.2. Latin America: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
- 8.7.3. Latin America: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.7.4. Ammonium Nitrate Market - Mexico
  - 8.7.4.1. Mexico: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.7.4.2. Mexico: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.7.4.3. Mexico: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.7.5. Ammonium Nitrate Market - Brazil
  - 8.7.5.1. Brazil: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.7.5.2. Brazil: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.7.5.3. Brazil: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.7.6. Ammonium Nitrate Market - Argentina
  - 8.7.6.1. Argentina: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.7.6.2. Argentina: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.7.6.3. Argentina: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)
- 8.7.7. Ammonium Nitrate Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Ammonium Nitrate Market, by Product, 2020-2034 (Kilotons, USD Billion)
  - 8.7.7.2. Rest of Latin America: Ammonium Nitrate Market, by Application, 2020-2034 (Kilotons, USD Billion)
  - 8.7.7.3. Rest of Latin America: Ammonium Nitrate Market, by End Use, 2020-2034 (Kilotons, USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Austin Powder Company
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Borealis AG
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. CF Industries Holdings, Inc
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. CSBP Limited
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Deepak Fertilisers and Petrochemicals Corporation Limited
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. EuroChem Group AG
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Fertiberia SA
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Incitec Pivot Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Neochim Ad (Neochim PLC)
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Orica Ltd
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. OSTCHEM Holding Company
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. San Corporation
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development