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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ammonium Nitrate Market Regional Analysis
Europe To Gain The Highest Market Share For The Use Of Low-Emission Fertilisers
As per ammonium nitrate industry analysis, ammonium nitrate fertiliser is very popular in the majority of European countries. The high demand for ammonium nitrate in Europe is driven by stringent environmental regulations, with efficient and low-emission fertilisers being favoured. In addition, the emphasis that Europe has on sustainable agriculture and precision farming further enhances the requirement for high-performance fertilisers. In tandem, the demands for effective nutrient delivery from ammonium nitrate are fanned by intensive farming practices and the urge to achieve food security.
In 2019, the world production and evident consumption of ammonium nitrates stood at over 20 million metric tons, of which nearly 80% and 19% accounted for ammonium nitrate and calcium-ammonium nitrate (CAN) respectively. Due to safety concerns associated with ammonium nitrate, calcium-ammonium nitrate (CAN) production has witnessed an increase in demand. These safety concerns may also negatively impact demand for ammonium nitrate.
Ammonium nitrate (electronics grade) is used in the electronics industry in Europe. Pure forms of ammonium nitrate are used to produce high-quality nitrous oxide (N2O) to be used in the electronics industry. This, in turn, increases ammonium nitrate market share in Europe. Nitrous oxide is required for VLSI (very large-scale integration) or ULSI (ultra-large-scale integration). It is used in the gas-phase chemical deposition stage in the manufacture of semiconductors, LCD displays and thin-film oxides for products such as computers, smart phones, robots, cars, health devices, and space rockets.
Ammonium nitrate (medical grade) is also a vital component in the healthcare industry. It is a key element in the nitrous oxide gas used in the manufacture of anaesthetics employed in dentistry and surgery and as a propellant for drugs packaged in aerosols. Other applications of ammonium nitrate include cold packs and food additives.
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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