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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Ammonium Nitrate Market Size
The global ammonium nitrate market is expected to grow at a CAGR of 3.8% during the period 2024-2032.
Ammonium Nitrate Market Outlook
- In 2022, CF Fertilisers UK planned for its AN and nitric acid upgrade plants to keep running by making use of the Billingham Complex's capability to import ammonia.
- In 2023, Croda International Plc ('Croda') announced that it had successfully acquired Solus Biotech, a leading global provider of high-quality active ingredients derived from biotechnology for pharmaceuticals and beauty care products, after receiving complete approval from South Korean regulatory authorities.
- In 2022, Yara International ASA, the largest manufacturer of fertilisers in Europe, completed the demerger of its business in Clean Ammonia to a subsidiary that raised the share capital of Yara by way of a merger with Yara Clean Ammonia Holding AS to NOK 433,033,565.90.
- By 2022, reorganisation at Yara International ASA was well underway and constituted a preparatory step for a potential IPO of Yara Clean Ammonia (YCA) on the Oslo Stock Exchange.
Ammonium Nitrate Market Report Snapshots
Ammonium Nitrate Market Growth
Ammonium Nitrate Market Trends
Ammonium Nitrate Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The ammonium nitrate market is estimated to grow at a CAGR of 3.8% between 2024 and 2032.
The major drivers of the market include the rising application of the product in explosives, fertilisers, and others, increasing demand for food, and increasing demand for ammonium nitrate in mining and quarrying activities.
The advancements in the development of high-tech explosives in the military and defence industry are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Fertilisers and explosives, among others, are the different applications of the product.
The major players in the industry are CF Fertilisers UK, Croda International Plc, Yara International ASA, Orica Limited, Maxamcorp Holding, S.L., and Sasol Limited, among others.
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