Global Ammonium Nitrate Market by Application (Fertilizers, Explosives) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global ammonium-nitrate market was valued at USD 4.67 trillion. Market growth is expected to be driven by the increasing demand for the product as a fertilizer source of nitrogen. The product is also highly sought-after in explosive manufacturing, where it acts as an oxidizing agent. This will drive industry growth.

The availability of key raw materials such as , nitric acid and salt carbonate makes it easier to produce ammonium nitrate. To counter declining profit margins due to increased competition, the majority of industry players have integrated their raw material manufacturing and distribution strategies.

China was the largest consumer of nitrogen fertilizer due to its high fertilizer production volume. China was also the largest nitrogen fertilizer consumer country in 2016. This trend will continue in 2016 as a result of growing agricultural activity in the region. It is expected that the industry will grow over the forecast period.

This is driving up the demand for high-quality crops, which has led to an increase in fertilizer consumption over the last few years. To meet this demand, new ammonium-nitrate manufacturing plants have been built and renovated.

Numerous terrorist acts have been committed in recent years using ammonium nitrate. This has forced the government to reshape its regulations regarding the use of the product. The Department of Homeland Security Appropriations Law, Public Law 110-161, states that the U.S. government is responsible for regulating the sale and transfer of ammonium-nitrate.

Although ammonium nitrate can be found in many countries for fertilizer use, it is only available to those who have a valid license. This restriction is due to the possibility of producing fertilizer bombs with the product, which could hinder the market.

If the product is heated, contaminated or incarcerated with insufficient ventilation, it can explode at temperatures above 400 degrees Fahrenheit. There are many safety precautions for handling, storage, and manufacturing of product. OSHA states that new ammonium-nitrate facilities should not be constructed from non-combustible materials.

Application Insights

The largest revenue segment was fertilizer, with a total of USD 2.79 billion in 2016. It provides more nitrogen nutrients than its equivalent, urea. The industry has seen a rise in demand for fertilizers due to the increasing population.

The industry trend is positive due to rising demand for fertilizers such as soybean, maize, barley and barley for various food and nonfood applications, including biofuel manufacturing. The demand for fertilizers is expected grow at 3.5% between 2016 and 2025.

ANFO (Ammonium Nitrate Oil) is a highly-used industrial explosive mixture that can be used to mine and quarry materials such as metal and coal. It contains 94% of porous ammonium nitrate. Market growth is expected to be driven by the increasing mining activity in various countries around the globe, including the U.S., Argentina, and India.

Projections for blasting products to be driven by the increasing demand and production of bauxite and manganese and other base metals. This will drive ammonium market growth. The market growth in mining applications is also expected to be fueled by high investment from mining companies in exploration of new sites for valuable metals and minerals.

Regional Insights

In 2016, the U.S., Europe and China dominated both in terms of production and consumption. These three regions combined accounted for 74% of global consumption, 77% capacity and 81% production. These regions are expected to see a positive effect on the industry's growth during the forecast period.

In 2016, the European market for ammonium-nitrate was worth USD 2.03 billion. The European market for ammonium nitrate was valued at USD 2.03 billion in 2016. However, the high penetration of urea into fertilizer applications to replace the product in Spain or Portugal has hindered product demand in these countries over the last few years. This trend is expected to continue in the next eight years, limiting the industry's growth.

China's ammonium-nitrate exports to Oman, Thailand and Malaysia increased by more than 25% in July 2015. The forecast period will also see a rise in product demand due to the expansion of the fertilizer manufacturing industry in the region.

Market Share Insights & Key Companies

Due to the many buyers and manufacturers, the market is relatively competitive. The industry's competition will be lower due to the high initial investment in equipment like screeners, driers and recycle-slurry mixers.

Due to strict regulations and smaller margins, India has seen a decline in the number ammonium-nitrate suppliers and manufacturers over the past few years. Gujrat Narmada valley Fertilizers, Deepak Fertilizers, and Gujrat Deepak Fertilizers are the top producers of the product. This has led to a decrease in competition.

Ammonium Nitrate Market Report Scope

The report covers segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis on industry trends in each sub-segment from 2014 through 2025. Grand View Research has divided the global ammonium-nitrate market based on application and location.

• Application Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Fertilizers

  • Explosives

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • North America

    • The U.S.

  • Europe

    • Ukraine

    • Poland

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Egypt

These are the most frequently asked questions about this report

b. Global ammonium-nitrate market was valued at USD 5.01 Billion in 2019, and is projected to grow to USD 5.26 Billion by 2020.

b. Global ammonium Nitrate market growth is projected to be 3.2% between 2017 and 2025, reaching USD 6.18 billion in 2025.

b. With a 43.2% share in 2019, Europe was the dominant market for ammonium nitrates. This can be attributed to the rising demand for fertilizers in order to produce crops such as wheat and potatoes.

b. Orica, Incitec Pivot Limited, Neochim PLC, URALCHEM Holding P.L.C, San Corporation, CF Industries Holdings, Inc., EuroChem Group AG, Austin Powder Company, Vijay Gas Industry P Ltd, OSTCHEM Holding are some of the key players in the ammonium nitrate industry.

b. Market growth is driven by two key factors: increasing demand for fertilizers as nitrogen sources and growing demand for fertilizers.

Up Market Research published a new report titled “Ammonium Nitrate Market research report which is segmented by Application (Fertilizers, Explosives), By Players/Companies CF Industries Holdings, Austin Powder Company, EuroChem Group AG, OSTCHEM Holding, Inc, Orica, San Corporation, Incitec Pivot Limited, Neochim PLC, URALCHEM Holding PLC, Vijay Gas Industry P Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Ammonium Nitrate Market Report Segments:

The market is segmented by Application (Fertilizers, Explosives).

Ammonium Nitrate Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Ammonium Nitrate Market

Overview of the regional outlook of the Ammonium Nitrate Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Ammonium Nitrate Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Ammonium Nitrate Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Fertilizers

                2. Explosives

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ammonium Nitrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Ammonium Nitrate Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.