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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Sub-Saharan Africa Ammonium Nitrate Market Size
The Sub-Saharan Africa ammonium nitrate market 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.
Sub-Saharan Africa Ammonium Nitrate Market Report Snapshots
Sub-Saharan Africa Ammonium Nitrate Market Size
Sub-Saharan Africa Ammonium Nitrate Companies
*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
In 2023, the market reached an approximate value of 1,575.7 KMT.
The market is projected to grow at a CAGR of 3.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around 2,067.9 KMT by 2032.
The market is driven by the wide use of ammonium nitrate in the agriculture and mining sectors.
The key trends aiding the market expansion include increasing food demand due to population growth and the adoption of green ammonia as a key component for ammonium nitrate.
The major applications of ammonium nitrate are explosives, and fertiliser, among others.
The major end uses in the market are mining, defence, and agriculture, among others.
The key players in the market are Sasol Limited, Associated Chemical Enterprises (Pty) Ltd., Omnia Holdings Limited, Kynoch Fertilizer, Nitrogen Chemicals of Zambia Limited, Foskor (Pty) Ltd, and Yara Africa Fertilizer (PTY) LTD, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124