Ammonium Nitrate Market Report Scope & Overview:

The Ammonium Nitrate Market size was valued at USD 19.43 Billion in 2025E and is projected to reach USD 28.90 Billion by 2033, growing at a CAGR of 5.12% during 2026-2033.

The Ammonium Nitrate Market is growing due to rising demand for nitrogen-based fertilizers to enhance crop yields, increasing mining and infrastructure activities driving explosive use, and expanding construction projects worldwide. Additionally, industrial applications in defense and civil engineering, coupled with technological advancements in production efficiency, are further propelling the market’s growth momentum.

Market Size and Forecast:

• Market Size in 2025E USD 19.43 Billion

• Market Size by 2033 USD 28.90 Billion

• CAGR of 5.12% From 2026 to 2033

• Base Year 2024

• Forecast Period 2026-2033

• Historical Data 2021-2024

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Key Ammonium Nitrate Market Trends

• Growing adoption of high-efficiency nitrogen-based fertilizers to enhance crop yield and meet global food demand.

• Increasing use of ammonium nitrate in mining, quarrying, and infrastructure development for blasting applications.

• Rising focus on developing eco-friendly and safer ammonium nitrate formulations to meet regulatory standards.

• Expanding government support for sustainable agriculture and precision farming technologies driving market innovation.

The U.S. Ammonium Nitrate Market size was valued at USD 3.44 Billion in 2025E and is projected to reach USD 5.01 Billion by 2033, growing at a CAGR of 4.85% during 2026-2033. The U.S. Ammonium Nitrate Market is growing due to rising agricultural fertilizer demand, expanding mining and quarrying operations, and increased infrastructure development. Additionally, advancements in production technology and strong demand from the explosives industry are fueling market growth.

Ammonium Nitrate Market Growth Drivers:

• Rising Agricultural Demand and Expanding Mining Activities Drive Growth in the Global Ammonium Nitrate Market

The global ammonium nitrate market is driven by increasing demand for high-efficiency nitrogen-based fertilizers to support global food production and improve agricultural productivity. With the world’s population continuously rising, farmers are focusing on crop yield optimization, fueling ammonium nitrate consumption in the agriculture sector. Moreover, the product’s strong oxygen-supplying properties make it essential in explosives used for mining, quarrying, and construction activities. The growing mining sector, particularly in emerging economies such as India, China, and Australia, is significantly boosting demand. Additionally, industrial expansion and infrastructure development projects worldwide further enhance ammonium nitrate usage in civil engineering and blasting applications.

More than 70% of non‐military grade ammonium nitrate is consumed in the mining industry for blasting purposes, underscoring its importance in explosives and quarrying.

Ammonium Nitrate Market Restraints:

• Stringent Regulations and Environmental Concerns Restrict Growth Potential in the Ammonium Nitrate Market

The ammonium nitrate market faces restraints due to stringent government regulations related to safety, storage, and transportation, given its explosive nature. Environmental concerns over nitrogen runoff impacting soil and water quality also pose challenges. Additionally, increasing restrictions on the use of ammonium nitrate in certain regions limit its widespread adoption across industrial and agricultural applications.

Ammonium Nitrate Market Opportunities:

• Eco Friendly Innovations and Expanding Defense Sector Drive New Opportunities in Ammonium Nitrate Market

The market presents promising opportunities through the development of eco-friendly and safer ammonium nitrate formulations that comply with evolving environmental and safety regulations. Increasing government support for sustainable agricultural practices and technological advancements in precision farming are expected to create new avenues for market growth. Furthermore, the rapid expansion of the defense sector and rising infrastructure investments in developing regions offer lucrative prospects. Strategic collaborations, capacity expansions, and modernization of production facilities are likely to enhance supply reliability and global reach, positioning manufacturers to capitalize on long-term growth opportunities in both agricultural and industrial applications.

The United States Department of Agriculture (USDA) announced in October 2024 that it awarded a USD 77 million grant to LSB Industries LLC (Arkansas) to expand its ammonia and ammonium nitrate manufacturing capacity to 580,000 tons per year, strengthening domestic supply

Ammonium Nitrate Market Segment Analysis

• By Type, Ammonium Nitrate Solid Form dominated with 73.35% in 2025E, and Ammonium Nitrate Liquid Form is expected to grow at the fastest CAGR of 5.89% from 2026 to 2033.

• By Application, Fertilizers dominated with 57.97% in 2025E, and Explosives is expected to grow at the fastest CAGR of 5.77% from 2026 to 2033.

• By End User Industry, Agriculture dominated with 54.65% in 2025E, and Mining is expected to grow at the fastest CAGR of 6.05% from 2026 to 2033.

• By Grade, Agricultural Grade dominated with 56.45% in 2025E, and Explosive Grade is expected to grow at the fastest CAGR of 5.76% from 2026 to 2033.

By Type, Solid Form Dominates Ammonium Nitrate Market as Liquid Form Set for Rapid Growth

In 2025E, the ammonium nitrate solid form segment dominates the market due to its extensive use in fertilizers and industrial explosives, supported by high demand from agriculture, mining, and construction sectors. Its stability and ease of handling make it the preferred choice for bulk applications. However, the liquid form is projected to witness the fastest CAGR from 2026–2033, driven by its growing adoption in precision agriculture, controlled nutrient delivery systems, and improved efficiency in fertilizer blending and application processes.

By Application, Fertilizers Segment Leads Ammonium Nitrate Market as Explosives Segment Anticipates Strong Future Growth

In 2025E, the fertilizers segment dominates the ammonium nitrate market, accounting for the largest share due to its essential role as a nitrogen-rich fertilizer that enhances crop yield and soil fertility. Rising global food demand and expanding agricultural activities further support its dominance. Meanwhile, the explosives segment is projected to register the fastest CAGR from 2026–2033, driven by increasing mining, quarrying, and infrastructure development projects, where ammonium nitrate is a key component in industrial and civil blasting applications for efficient material extraction.

By End User Industry, Agriculture Sector Dominates Ammonium Nitrate Market as Mining Industry Poised for Rapid Future Growth

In 2025E, the agriculture sector dominates the ammonium nitrate market, driven by its widespread use as a nitrogen-based fertilizer to boost crop productivity and meet the rising global food demand. Farmers’ increasing focus on high-yield crops and efficient nutrient management reinforces its leading position. However, the mining industry is expected to experience the fastest growth from 2026–2033, fueled by expanding mineral extraction, quarrying, and infrastructure development activities, where ammonium nitrate serves as a crucial raw material in explosives and blasting operations.

By Grade, Agricultural Grade Leads Ammonium Nitrate Market as Explosive Grade Set for Rapid Future Growth

In 2025E, the agricultural grade segment dominates the ammonium nitrate market, primarily due to its extensive use as a high-nitrogen fertilizer to enhance soil fertility and crop yield across major agricultural economies. Its consistent demand in both developed and emerging regions sustains its market leadership. Meanwhile, the explosive grade segment is expected to record the fastest growth from 2026–2033, driven by rising mining, construction, and defense activities globally, where ammonium nitrate-based explosives play a critical role in efficient blasting and excavation processes.

Ammonium Nitrate Market Report Analysis

North America Ammonium Nitrate Market Insights

In 2025, North America holds an estimated 23.51% share of the global ammonium nitrate market, driven by strong demand from the agriculture and mining sectors. The region’s extensive use of nitrogen-based fertilizers to enhance crop productivity, coupled with robust mining and quarrying activities in the U.S. and Canada, supports market growth. Additionally, advancements in fertilizer application technologies and ongoing infrastructure development projects further contribute to the region’s steady demand for ammonium nitrate products.

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U.S. Ammonium Nitrate Market Insights

The United States dominates the North American ammonium nitrate market, supported by large-scale agricultural production, extensive mining operations, and strong industrial infrastructure. Its advanced fertilizer technologies and steady demand from the explosives sector drive consistent market growth.

Europe Ammonium Nitrate Market Insights

In 2025, Europe dominates the global ammonium nitrate market with an estimated 29.85% share, driven by well-established agricultural practices and stringent quality standards for fertilizer use. The region’s emphasis on sustainable farming, coupled with widespread adoption of nitrogen-based fertilizers to improve crop yields, supports strong market demand. Additionally, significant industrial and infrastructure activities boost ammonium nitrate consumption in explosives and construction applications. Ongoing innovations in eco-friendly and safer formulations further reinforce Europe’s leadership in the global market landscape.

Germany Ammonium Nitrate Market Insights

Germany dominates the European ammonium nitrate market, driven by its advanced agricultural sector, strong focus on sustainable fertilizer use, and robust chemical manufacturing base. High demand from industrial and construction activities further strengthens its market position across the region.

Asia Pacific Ammonium Nitrate Market Insights

In 2025, Asia Pacific accounts for an estimated 26.36% share of the global ammonium nitrate market, supported by expanding agricultural activities and rapid industrialization. The region’s growing population and increasing food demand are driving the adoption of nitrogen-based fertilizers to enhance crop productivity. Additionally, rising infrastructure development and mining projects are fueling the use of ammonium nitrate in explosives. Government initiatives promoting sustainable agriculture and investments in fertilizer production facilities further strengthen the region’s market growth and future expansion potential.

China Ammonium Nitrate Market Insights

China dominates the Asia Pacific ammonium nitrate market, supported by its vast agricultural base, large-scale fertilizer production capacity, and extensive mining operations. Strong government support for food security and infrastructure development continues to drive consistent market growth in the region.

Latin America (LATAM) and Middle East & Africa (MEA) Ammonium Nitrate Market Insights

In 2025, Latin America (LATAM) and the Middle East & Africa (MEA) together represent a growing share of the global ammonium nitrate market, driven by expanding agricultural and mining activities. Rising fertilizer demand to improve crop yields and increasing infrastructure development projects boost consumption across both regions. Additionally, government initiatives to enhance food security, coupled with growing investments in mining and construction sectors, are expected to create steady market opportunities and strengthen regional ammonium nitrate demand over the forecast period.

Competitive Landscape for Ammonium Nitrate Market:

CF Industries Holdings, Inc. is a leading global manufacturer and distributor of nitrogen-based fertilizers, including ammonium nitrate. The company supports agricultural productivity and industrial applications through efficient, low-carbon ammonia and nitrate production. Its focus on decarbonization and clean energy initiatives strengthens its position in the global ammonium nitrate market.

• In July 2024, CF Industries announces collaboration with POET LLC to pilot use of low-carbon ammonia in fertilizer production.

Orica Limited is a global leader in commercial explosives and blasting systems, playing a crucial role in the ammonium nitrate market. The company supplies ammonium nitrate-based explosives to the mining, quarrying, and infrastructure sectors, focusing on sustainable production, digital blasting technologies, and low-carbon solutions to meet evolving industry and regulatory demands.

• In September 2025, “Orica faces a test of its green credentials” the company is working on low-carbon ammonia and ammonium nitrate solutions, signaling shift in the explosives/fertilizer market towards greener products.

Ammonium Nitrate Market Key Players:

Some of the Ammonium Nitrate Market Companies

• URALCHEM JSC
• CF Industries Holdings, Inc.
• Orica Limited
• Yara International ASA
• Dyno Nobel
• EuroChem Group AG
• Incitec Pivot Limited
• Acron
• OSTCHEM Holding
• Grupa Azoty S.A.
• Fertiberia
• CSBP Limited
• Abu Qir Fertilizers and Chemicals Company
• DFPCL (Deepak Fertilisers & Petrochemicals Corporation Limited)
• Borealis AG
• MAXAMCORP Holding, S.L.
• Neochim Plc
• Hanwha Corporation
• OCI N.V.
• Qatar Fertiliser Company (Q.P.S.C.)