[Latest] Global Ammonium Nitrate Market Size/Share Worth USD 33.1 Billion by 2032 at a 5.75% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Custom Market Insights
14 min read
Custom Market Insights
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Ammonium Nitrate Market size & share revenue was valued at approximately USD 18.3 Billion in 2022 and is expected to reach USD 19.1 Billion in 2023 and is expected to reach around USD 33.1 Billion by 2032, at a CAGR of 5.75% between 2023 and 2032. The key market players listed in the report with their sales, revenues and strategies are Yara International ASA, Orica Ltd, Sigdo Koppers Group, CF Industries Holdings Inc., Incitec Pivot Ltd, Neochim Ad, Enaex, EuroChem Group AG, OSTCHEM Holding Company, Fertiberia SA, Borealis AG, San Corporation, Abu Qir Fertilizers Co, Deepak Fertilisers and Petrochemicals, CSBP Limited, Uralchem, and others.
Austin, TX, USA, March 18, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Ammonium Nitrate Market Size, Trends and Insights By Application (Fertilizers, Explosives), By End Use Industry (Agricultural, Defense, Mining & Quarrying, Construction, Others), By Sales Channel (Direct, In Direct), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global Ammonium Nitrate Market size & share was valued at approximately USD 18.3 Billion in 2022 and is expected to reach USD 19.1 Billion in 2023 and is expected to reach a value of around USD 33.1 Billion by 2032, at a compound annual growth rate (CAGR) of about 5.75% during the forecast period 2023 to 2032.”
Ammonium Nitrate (NH4NO3) is produced by a chemical reaction of nitric acid and ammonia. Ammonium nitrate, a salt of ammonia and nitric acid, is used widely as fertilizers and explosive applications in agricultural, mining and quarrying end use industries.
The commercial grade of Ammonium Nitrate contains about 33.5%, all of which are in forms utilizable by plants; it is the most common nitrogenous component of artificial fertilizers.
The global Ammonium Nitrate market is driven by a variety of factors such as the rapidly expanding agricultural industry, growing demand for organic and synthetic fertilizers, and growing demand for ammonium nitrate as explosive in the mining and quarrying industry.
With the growing population across the globe, the demand for food is also increasing, which in turn propels the demand for Fertilizers. Ammonium nitrate is the most popular fertilizer since it provides half of the Nitrogen in the nitrate form and half in the ammonium form.
However, the market faces certain restraints, such as stringent regulations, less adaption in many underdeveloped economies, and lack of universal directives about the usage of ammonium nitrate are restraining the market growth.
The rising mining and quarrying activities across the globe are expected to create lucrative opportunities for the market during the forecast period. With the increasing demand for minerals, metals and high end mining products the mining activities are also increasing in China, India, Australia, Indonesia, the U.S. and South Africa, which in turn boosts the demand for ammonium nitrate, thereby driving the market growth.
The global Ammonium Nitrate market is segmented by application, by end use industry, by sales channels and by region. By Application, the fertilizer segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period.
Growing demand for food due to the increasing population is boosting the agriculture cultivation area, which in turn drives the demand for Fertilizer, thereby driving market growth of this segment. The explosive segment is expected to grow at significant growth rates during the forecast period.
Increasing demand for explosives from the mining, quarrying and defence industry is expected to boost the market growth of this segment during the forecast period.
By end user industry, the Agricultural end user industry held the highest market share in 2022 and is expected to keep its dominance during the forecast period. The rapidly expanding agricultural sector in Emerging economies is mainly boosting the demand for fertilizer, thereby increasing consumption of ammonium nitrate.
By region, the Ammonium Nitrate market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia Pacific dominated the global Ammonium Nitrate market in 2022 with a market share of 43.00% and is expected to keep its dominance during the forecast period. Major countries China, India, Japan, South Korea, and Indonesia are driving the market growth in this region.
North America held second second-largest market share in 2022 and is expected to keep its position during the forecast period. The U.S. and Canada are major key contributors to the market growth of this region.
Report Scope
Feature of the Report
Details
Market Size in 2023
USD 19.1 Billion
Projected Market Size in 2032
USD 33.1 Billion
Market Size in 2022
USD 18.3 Billion
CAGR Growth Rate
5.75% CAGR
Base Year
2022
Forecast Period
2023-2032
Key Segment
By Application, End Use Industry, Sales Channel and Region
Report Coverage
Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options
Request tailored purchasing options to fulfil your requirements for research.
(A free sample of the Ammonium Nitrate report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology
(Please note that the sample of the Ammonium Nitrate report has been modified to include the COVID-19 impact study prior to delivery.)
Custom Market Insights has comprehensively analyzed Ammonium Nitrate market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Ammonium Nitrate industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players ate studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.
By region, Ammonium Nitrate market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia Pacific dominated the global Ammonium Nitrate market in 2022 with a market share of 43.00% and is expected to keep its dominance during the forecast period.
The rapidly expanding agricultural sector in China, India, Indonesia, Japan, South Korea and Australia is expected to propel the market growth in this region. Furthermore, the Asia Pacific region is home to some of the world’s largest mining operations, particularly in countries like China, Australia, India, and Indonesia.
These nations have vast reserves of minerals and metals, leading to extensive mining activities that necessitate significant ammonium nitrate usage for mining explosives.
North America held the second largest market share in 2022 and is expected to keep its position during the forecast period. The presence of well-developed Agricultural, Mining and Defense end use industries in the U.S. and Canada is expected to propel the market growth of Ammonium Nitrate during the forecast period.
Europe held the third largest market share in 2022 and is expected to grow at significant growth rates during the forecast period. Countries such as Germany, France, the U.K., Spain, Netherlands are major contributors to the market growth in this region.
Browse the full “Ammonium Nitrate Market Size, Trends and Insights By Application (Fertilizers, Explosives), By End Use Industry (Agricultural, Defense, Mining & Quarrying, Construction, Others), By Sales Channel (Direct, In Direct), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/ammonium-nitrate-market/
List of the prominent players in the Ammonium Nitrate Market:
Textile Recycling Market: Textile Recycling Market Size, Trends and Insights By Material (Cotton, Polyester, Wool, Polyamide, Others), By Process (Mechanical, Chemical), By Source (Apparel Waste, Home Furnishing Waste, Automotive Waste, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
Nanofiltration Membrane Market: Nanofiltration Membrane Market Size, Trends and Insights By Type (Polymeric, Ceramic, Hybrid, Others), By Module (Spiral Mould, Tubular, Hollow Fiber, Flat Sheet, Others), By Application (Municipal, Industrial, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
Biofoam Market: Biofoam Market Size, Trends and Insights By Type (Rigid, Flexible), By Raw Material (Vegetable Oil & Fat, Corn Starch, Sugarcane, Others), By End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear & Sports Recreational, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
Crop Protection Chemicals Market: Crop Protection Chemicals Market Size, Trends and Insights By Type (Herbicides, Insecticides, Fungicides, Others), By Source (Synthetic, Natural), By Form (Liquid, Solid), By Mode of Application (Foliar Spray, Seed Treatment, Soil Treatment), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
Industrial Protective Clothing Market: Industrial Protective Clothing Market Size, Trends and Insights By Product (Heat & flame protection, Chemical defending, Clean room clothing, Mechanical protective clothing, Limited general use, Others), By Material Type (Non-Woven, Woven, Knit), By End-user (Construction, Manufacturing, Oil & Gas, Chemicals, Food, Pharmaceuticals, Healthcare, Transportation, Mining, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
Building Insulation Market: Building Insulation Market Size, Trends and Insights By Type (Fiberglass, Mineral Wool, Cellulose, Polyurethane, Polystyrene, Others), By Application (Floor Basement, Wall, Roof Ceiling), By End User (Residential, Non-Residential), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
The Ammonium Nitrate Market is segmented as follows:
This Ammonium Nitrate Market Research/Analysis Report Contains Answers to the following Questions.
Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Ammonium Nitrate Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Ammonium Nitrate Market? What Was the Capacity, Production Value, Cost and PROFIT of the Ammonium Nitrate Market?
What Is the Current Market Status of the Ammonium Nitrate Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Ammonium Nitrate Market by Considering Applications and Types?
What Are Projections of the Global Ammonium Nitrate Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Ammonium Nitrate Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Ammonium Nitrate Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Ammonium Nitrate Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Ammonium Nitrate Industry?
Reasons to Purchase Ammonium Nitrate Market Report
Ammonium Nitrate Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Ammonium Nitrate Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Ammonium Nitrate Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Ammonium Nitrate Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
The study provides a thorough overview of the global Ammonium Nitrate market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Ammonium Nitrate market analysis.
The competitive environment of current and potential participants in the Ammonium Nitrate market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Ammonium Nitrate market should find this report useful. The research will be useful to all market participants in the Ammonium Nitrate industry.
Managers in the Ammonium Nitrate sector are interested in publishing up-to-date and projected data about the worldwide Ammonium Nitrate market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Ammonium Nitrate products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
