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Global Ammonium Nitrate Market by Form (Granular, Powder), Application (Explosives, Fertilizers), End-User - Forecast 2023-2030

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  • 185 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4904688
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The Ammonium Nitrate Market size was estimated at USD 15.63 billion in 2022, USD 16.30 billion in 2023, and is expected to grow at a CAGR of 4.58% to reach USD 22.38 billion by 2030.

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?

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Table of Contents

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 Lantmännen 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. Técnicas 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
List of Figures
FIGURE 1. AMMONIUM NITRATE MARKET RESEARCH PROCESS
FIGURE 2. AMMONIUM NITRATE MARKET SIZE, 2022 VS 2030
FIGURE 3. AMMONIUM NITRATE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. AMMONIUM NITRATE MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. AMMONIUM NITRATE MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. AMMONIUM NITRATE MARKET DYNAMICS
FIGURE 7. AMMONIUM NITRATE MARKET SIZE, BY FORM, 2022 VS 2030 (%)
FIGURE 8. AMMONIUM NITRATE MARKET SIZE, BY FORM, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. AMMONIUM NITRATE MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 10. AMMONIUM NITRATE MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. AMMONIUM NITRATE MARKET SIZE, BY END-USER, 2022 VS 2030 (%)
FIGURE 12. AMMONIUM NITRATE MARKET SIZE, BY END-USER, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS AMMONIUM NITRATE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 14. AMERICAS AMMONIUM NITRATE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES AMMONIUM NITRATE MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 16. UNITED STATES AMMONIUM NITRATE MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC AMMONIUM NITRATE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC AMMONIUM NITRATE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA AMMONIUM NITRATE MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA AMMONIUM NITRATE MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. AMMONIUM NITRATE MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 22. AMMONIUM NITRATE MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • 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
  • Yara International ASA

Methodology

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Table Information