PUBLISHER: The Business Research Company | PRODUCT CODE: 1925642
PUBLISHER: The Business Research Company | PRODUCT CODE: 1925642
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.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have played a critical role in shaping the ammonium nitrate market by increasing import costs of finished products and key inputs such as ammonia and nitric acid. These impacts are most evident in agriculture intensive regions and mining hubs across Asia Pacific and Latin America. Higher tariffs have increased fertilizer prices for farmers and raised operational costs for mining companies, affecting short term demand patterns. At the same time, tariffs have supported domestic ammonium nitrate production, encouraging local capacity expansion and improving supply security in strategically important markets.
The ammonium nitrate market research report is one of a series of new reports from The Business Research Company that provides ammonium nitrate market statistics, including ammonium nitrate industry global market size, regional shares, competitors with a 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 $20.28 billion in 2025 to $21.34 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growth in global agriculture output, expansion of mining activities, rising fertilizer consumption, population driven food demand, availability of ammonia feedstock.
The ammonium nitrate market size is expected to see steady growth in the next few years. It will grow to $25.73 billion in 2030 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to precision agriculture adoption, increasing infrastructure development, demand for efficient explosives, regulatory driven fertilizer optimization, advancements in fertilizer formulations. Major trends in the forecast period include rising demand for high efficiency nitrogen fertilizers, growing use in mining and quarrying explosives, increasing focus on controlled release fertilizers, expansion of agricultural productivity programs, higher emphasis on safe storage and handling technologies.
The increasing construction activities are expected to propel the growth of the ammonium nitrate market going forward. Construction activities involve the physical development of buildings, infrastructure, and other structural projects. This rise is driven by rapid urbanization, large-scale infrastructure development, and a growing emphasis on efficiency and precision in building processes. Ammonium nitrate plays a crucial role in construction due to its effectiveness in breaking hard materials and enabling large-scale excavation and demolition work, while being used under strict safety controls to protect workers and the surrounding environment. For example, in July 2024, the U.S. Census Bureau reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, increasing construction activities are driving the growth of the ammonium nitrate market.
Major companies operating in the ammonium nitrate market are focusing on developing innovative products such as low-carbon-footprint ammonium nitrate to meet global sustainability goals. Low-carbon ammonium nitrate is produced using advanced technologies and environmentally friendly practices that significantly reduce greenhouse gas emissions compared to traditional manufacturing methods. For instance, in September 2023, Fertiberia, a Spain-based fertilizer and chemicals manufacturer, introduced the world's first low-carbon technical ammonium nitrate made using green hydrogen. Produced at the company's Puertollano plant in Ciudad Real, this low-carbon TAN will be used across mining and civil infrastructure markets in Europe, the Middle East, and Africa. Its key innovation lies in replacing natural gas with renewable hydrogen in the production process.
In December 2023, CF Industries, a US-based fertilizer and ammonia producer, acquired the Waggaman ammonia production facility from Incitec Pivot Limited for US$1.675 billion. This acquisition is intended to expand CF Industries' ammonia production capacity and support its shift toward low-carbon ammonia solutions. Incitec Pivot Limited is an Australia-based ammonia production company that also supplies ammonium nitrate.
Major companies operating in the ammonium nitrate market are Nutrien Ltd., Yara International ASA, CF Industries Holdings Inc., EuroChem Group AG, OCI N.V., Acron Group, URALCHEM JSC, Grupa Azoty S.A., Abu Qir Fertilizers and Chemicals Company, Chambal Fertilisers and Chemicals Ltd., Rashtriya Chemicals and Fertilizers Ltd., Fertiberia S.A., Neochim Plc, Lovochemie A.S., OSTCHEM Holding AG, Orica Limited, Incitec Pivot Ltd., Dyno Nobel, Austin Powder Company, Enaex, MAXAMCorp Holding S.L.
North America was the largest region in the ammonium nitrate market in 2025. 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, South East Asia, 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, Taiwan, 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.
Ammonium Nitrate Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses 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.
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, including technological disruption, regulatory shifts, and changing consumer preferences? The ammonium nitrate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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