Sub-Saharan Africa Ammonium Nitrate Market Report and Forecast 2024-2032

Sub-Saharan Africa Ammonium Nitrate Market Outlook

The Sub-Saharan Africa ammonium nitrate market size was approximately 1,575.7 KMT in 2023. The market is projected to grow at a CAGR of 3.1% between 2024 and 2032, reaching a volume of around 2,067.9 KMT by 2032.

Key Takeaways

• The rising demand for ammonium nitrate for manufacturing fertilisers is a key driver behind the market expansion.

• The Sub-Saharan Africa ammonium nitrate market share is increasing due to the growing adoption of green ammonia as a key component for ammonium nitrate.

• Since ammonium nitrate forms a part of mining explosives, its demand is rising from mineral-rich Sub-Saharan African countries, including Nigeria, South Africa, and Ghana.

In the agriculture sector, ammonium nitrate (AN) serves as a nitrogen-rich fertiliser. It is also employed as one of the ingredients in a variety of mining and military explosives that are combined with fuel oil and set off by an explosive charge.

Based on application, the fertiliser segment dominates the Sub-Saharan Africa ammonium nitrate market share. According to the United Nations, the population of Africa is projected to reach 2.5 billion by 2050. The expanding population in Sub-Saharan Africa is raising the demand for food, aiding the market for ammonium nitrate as a fertiliser. 

Smallholder farmers are the backbone of the African economy. According to the Food and Agriculture Organisation (FAO) of the United Nations, over 70% of agricultural production in Sub-Saharan Africa is produced by smallholder farmers. 

Ammonium nitrate is also employed as an oxidising agent in mining explosives. Around 30% of the world's mineral reserves are found in Sub-Saharan Africa, which creates market demand for ammonium nitrate. Its demand is rising to mine minerals, including iron, lithium, and chromium, crucial in producing clean technology. 

As per the Sub-Saharan Africa ammonium nitrate market analysis, South Africa is expected to maintain its dominance as the country has the largest agricultural land in the African continent, which subsequently drives the product demand from the agriculture sector.

Market Segmentation

“Sub-Saharan Africa Ammonium Nitrate Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Competitive Landscape

The market players are focusing on adopting sustainable production practices, further increasing their partnerships and acquisition efforts to strengthen their market presence.

• Sasol Limited

• Associated Chemical Enterprises (Pty) Ltd.

• Omnia Holdings Limited

• Kynoch Fertilizer

• Nitrogen Chemicals of Zambia Limited

• Foskor (Pty) Ltd

• Yara Africa Fertilizer (PTY) LTD

• Others

Key Highlights of the Report

Sub-Saharan Africa Ammonium Nitrate Market Report Snapshots

Sub-Saharan Africa Ammonium Nitrate Market Size

Sub-Saharan Africa Ammonium Nitrate Companies