In Q1 2025, the Ammonium Nitrate prices in the USA saw a steady upward trend, driven by tight supply and strong seasonal demand. Despite volatility in Ammonia feedstock costs, prices stayed elevated due to production cuts from extreme winter weather. Force majeure declarations by key producers like OCI Beaumont LLC and CF Industries, along with freight disruptions, limited domestic availability. Agricultural demand also picked up as farmers stockpiled ahead of spring planting, especially for crops such as rice and sorghum.

Get the latest insights on price movement and trend analysis of Calcium Ammonium Nitrate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Urea Ammonium Nitrate Price Change in July 2025? The Urea Ammonium Nitrate Price in North America have increased by 1.8% quarter-over-quarter in Q2 2025, reflected in a strong Price Index.

In 2024, the Indian ammonium nitrate market decreased by -31.3% to $154M for the first time since 2020, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a remarkable increase. Ammonium nitrate consumption peaked at $224M in 2023, and then reduced dramatically in the following year.

Learn about the factors that influence the production cost of ammonium nitrate in agriculture and mining industries, and the impact of COVID-19 and government regulations on its price trend. Despite recent decreases, the long-term outlook of ammonium nitrate remains positive due to its importance in food and mineral production.

The Ammonium Nitrate Market Report is Segmented by Form (Porous Prills, Granular, and Liquid Solution/Suspension), Grade (Agricultural Grade and Industrial Grade), Application (Fertilizers, Explosives, and Other Applications), End-User Industry (Agriculture, Mining, Defense, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

The global Ammonium Nitrate market has reached approximately 21 million tonnes in 2022 and is expected to grow at a CAGR of 3.63% during the forecast period until 2032.

Ammonium Nitrate Market size is growing with a CAGR of 4.6% in the prediction period and it crosses USD 25.21 Bn by 2032 from USD 8.41 Bn in 2025

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Ammonium Nitrate Market Size and Trends

The ammonium nitrate market size is forecast to increase by USD 1.28 billion, at a CAGR of 3.68% between 2023 and 2028. The market is experiencing significant growth due to the rising use of this versatile compound in various industrial applications, including agriculture, mining, and construction. Ammonium nitrate's role as a primary ingredient in fertilizers, accounting for over 80% of its consumption, is driving market expansion. Furthermore, technological advancements in fertilizer formulation and application methods are enhancing the product's efficiency and reducing environmental impact. However, safety and security concerns surrounding ammonium nitrate, given its potential misuse in explosives, remain a challenge for market participants. Regulatory compliance and stringent safety measures are essential to mitigate risks and ensure sustainable market growth.

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The market is a significant sector that caters to various industries, including Agriculture and Mining. Uralchem, a leading global manufacturer, is a key player in this market. Ammonium Nitrate is used as an explosive in blasting operations for Mining and Construction activities, primarily for the development of Roads and Tunnels. In the Explosive manufacturing process, Ammonium Nitrate is a crucial component, ensuring safety in its production and usage through adherence to Safety Data Sheets. The Defense sector also utilizes Ammonium Nitrate as a vital component in the production of explosives. In the Nitrogenous fertilizer industry, Ammonium Nitrate is used as a primary raw material for the production of Urea, Ammonium, and Nitric Acid. The Nitrogenous fertilizer industry is a significant consumer of Ammonium Nitrate, with major crops like Barley and Soybean being primary beneficiaries of its use. The Industrial application of Ammonium Nitrate extends beyond the Mining and Fertilizer industries, making it a versatile and essential commodity.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion ' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

 Application Outlook

  Fertilizer
  Explosives
  Others

End-user Outlook


  Agriculture
  Mining
  Others





Region Outlook

  North America

    The U.S.
    Canada


  South America

    Chile
    Brazil
    Argentina


  Europe

    U.K.
    Germany
    France
    Rest of Europe


  APAC

    China
    India





  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By Application Insights

The fertilizer segment is estimated to witness significant growth during the forecast period. Ammonium nitrate is a versatile inorganic compound, primarily used in two major industries: agriculture and mining. In agriculture, it functions as a nitrogen fertilizer, enhancing soil fertility and promoting global food production. In the mining sector, it serves as a crucial component in explosives for blasting operations and facilitating the construction of roads, tunnels, and other infrastructure projects. Uralchem, a leading global producer, ensures eco-friendly formulations, adhering to environmental regulations. Precision agriculture technologies and material coatings with controlled release strength optimize nutrient utilization and reduce leaching. Digital platforms and IoT devices enable farmers to monitor nutrient levels and apply fertilizers at the right time.

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The fertilizer segment was valued at USD 4.20 billion in 2018. The high-density segment caters to the demands of both agriculture and mining industries. Ammonium nitrate's applications extend to civil explosives in construction activities, military applications, and defense sector, reducing greenhouse gas emissions through quick-release and slow-release nitrogen. Safety data sheets are essential for handling ammonium nitrate in various industries, ensuring safety during explosive manufacturing and usage in mining activities and construction projects. Urea, another nitrogen-rich fertilizer, complements ammonium nitrate in agriculture, while ammonium nitrate's role in explosives and infrastructure development remains indispensable.

Regional Analysis

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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is a significant segment in the nitrogenous fertilizer industry, with substantial applications in both the agricultural and industrial sectors. I

Ammonium Nitrate Market Outlook

The global ammonium nitrate market size was valued at USD 16.5 billion in 2023 and is projected to reach USD 25.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period. The primary growth factor driving this market is the increasing demand for fertilizers in the agriculture sector, along with the rising need for explosives in mining and construction. Furthermore, the expanding applications of ammonium nitrate in various industrial and pharmaceutical uses continue to propel market growth.

One of the significant growth factors for the ammonium nitrate market is the escalating demand for food production due to the growing global population. This has led to an increased need for high-efficiency fertilizers to boost crop yields, where ammonium nitrate plays a crucial role. Its high nitrogen content makes it a preferred choice among farmers and agricultural professionals who seek to enhance soil fertility and crop productivity. Additionally, the trend towards sustainable agriculture practices is further fostering the use of ammonium nitrate as an essential component of modern fertilization strategies.

The mining and construction sectors are also major contributors to the growth of the ammonium nitrate market. In mining, ammonium nitrate is a vital ingredient in the production of explosives, which are essential for efficient and safe mineral extraction. The construction industry utilizes ammonium nitrate-based explosives for various purposes, including demolition and site development. The increasing infrastructural development in emerging economies and the robust growth of the mining industry, driven by rising demand for minerals and metals, are key factors bolstering the market for ammonium nitrate in these applications.

The pharmaceutical sector presents another avenue for the utilization of ammonium nitrate. It is used in the synthesis of certain medications and chemicals required in pharmaceutical manufacturing. The growth of the global pharmaceutical industry, driven by rising healthcare needs and advancements in medical research, indirectly supports the demand for ammonium nitrate. Moreover, increasing research and development activities in various chemical industries further expand its application scope, contributing to market growth.

The role of ATS Fertilizer Sales in the ammonium nitrate market is becoming increasingly significant. As a major supplier of agricultural products, ATS Fertilizer Sales is dedicated to providing high-quality fertilizers that enhance soil fertility and boost crop yields. Their commitment to sustainable agriculture practices aligns with the growing demand for efficient fertilizers, such as ammonium nitrate, which is essential for meeting the food production needs of a burgeoning global population. By leveraging advanced manufacturing technologies and adhering to stringent safety standards, ATS Fertilizer Sales ensures the reliability and effectiveness of their products, further solidifying their position in the market. Their strategic partnerships and extensive distribution network enable them to cater to a diverse customer base, thereby contributing to the overall growth of the ammonium nitrate market.

Regionally, Asia Pacific dominates the ammonium nitrate market, accounting for a significant share due to the extensive agricultural activities and robust mining industries in countries like China and India. North America and Europe also hold substantial market shares, driven by advanced agricultural practices and the presence of key players in the mining and construction sectors. The Middle East & Africa and Latin America are emerging markets, with growing investments in agricultural development and mining projects. The regional diversification not only signifies the widespread usage of ammonium nitrate but also indicates potential growth areas that could propel the market in the coming years.

Grade Analysis

The ammonium nitrate market is segmented into various grades, including Fertilizer Grade, Industrial Grade, and Explosive Grade. Each grade serves distinct purposes and caters to different industries, contributing uniquely to the market dynamics. Fertilizer grade ammonium nitrate is predominantly used in agriculture to enhance soil fertility and crop yields. Its high nitrogen content makes it an essential component in the production of nitrogenous fertilizers, which are crucial for meeting the increasing food demand worldwide.

Industrial Grade Ammonium Nitrate Market size was valued at USD 2,287.9 Million in 2023 and is projected to reach USD 4,080 Million by 2030, growing at a CAGR of 7.5% during the forecast period 2024-2030.

Global Industrial Grade Ammonium Nitrate Market Drivers

The market drivers for the Industrial Grade Ammonium Nitrate Market can be influenced by various factors. These may include:

Increasing Requirement from the Agribusiness Sector: Ammonium nitrate of industrial grade is frequently used in agriculture as a nitrogenous fertiliser to increase crop yields and improve soil fertility. The demand for industrial grade ammonium nitrate is being driven by the increased requirement for fertilisers to maximise agricultural output due to the growing global population and rising food consumption.

Extending Operations for Quarrying and Mining: An essential component of explosive mixtures used in blasting activities in the mining, quarrying, and building sectors is ammonium nitrate. The need for industrial grade ammonium nitrate as an explosive agent is rising due to the expanding development of mining and quarrying operations driven by the growing demand for metals, minerals, and construction materials, especially in emerging nations.

Projects for Infrastructure Development: In order to build infrastructure like roads, trains, bridges, and tunnels, explosives must be used during excavation and construction. There will likely be a greater need for industrial grade ammonium nitrate for blasting applications as long as governments and private sector investors fund infrastructure development projects to promote urbanisation and economic growth.

Improvements in the Field of Agriculture: The use of industrial grade ammonium nitrate as a fertilizer is being propelled by technological breakthroughs and advances in agricultural methods, such as controlled-release fertilizers, nutrient management, and precision farming. The need for advanced fertilisers is rising as a result of farmers using more and more contemporary farming techniques to maximize nutrient delivery, lessen their impact on the environment, and increase crop quality.

Growth in the Field of Oil and Gas Exploration: Seismic surveys and well stimulation activities in oil and gas exploration operations use industrial grade ammonium nitrate. Ammonium nitrate-containing explosives are in high demand due to the increase of unconventional oil and gas exploration initiatives, such as shale gas and tight oil extraction, particularly in areas with unexplored reserves.

India Ammonium Nitrate Market achieved the total volume of 822 Thousand Tonnes in 2024 and is expected to reach 997.68 Thousand Tonnes by 2030 with a CAGR of 3.48% during the forecast period.

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Market Size	2024: 822 Thousand Tonnes
Forecast Market Size	2030: 997.68 Thousand Tonnes
CAGR	2025-2030: 3.48%
Fastest Growing Segment	Agriculture
Largest Market	North India
Key Players	1. Deepak Fertilisers and Petrochemicals Corporation Limited 2. Mahadhan AgriTech Limited 3. Gujarat Narmada Valley Fertilizers & Chemicals Limited 4. Rashtriya Chemicals and Fertilizers Limited 5. National Fertilizers Limited 6. Yara Fertilisers India Pvt. Ltd. 7. Chambal Fertilisers and Chemicals Ltd. 8. Vijay Gas Industry Pvt. Ltd. 9. Machhar Industries Limited

In 2024, the Kenyan ammonium nitrate market was finally on the rise to reach $2.9M after two years of decline. In general, the total consumption indicated notable growth from 2012 to 2024: its value increased at an average annual rate of +2.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -35.8% against 2021 indices.

The European Ammonium Nitrate Market is segmented by Application (Fertilizers, Explosives, and Other Applications), End-user Industry (Agriculture, Mining, Defense, and Other End-user Industries), and Geography (Germany, United Kingdom, Italy, France, Russia, and the Rest of Europe). Each segment's market sizing and forecasts are based on volume (Million tons).

The global ammonium nitrate market is expected to grow at a CAGR of 3.80% during the period 2025-2034.

The size of the Europe Ammonium Nitrate Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 1.03% during the forecast period. Ammonium nitrate is a chemical compound that consists ion of ammonium and nitrate. Ammonium nitrate is primarily used in pesticides such as herbicides, insecticides, and in manufacturing of nitrous oxide. Increasing demand of ammonium nitrate in European countries, especially in eastern and northern parts across agriculture sector is major growth driver of market. However, increasing production cost and pricing of ammonium nitrate due to increasing prices of natural gas, and ammonia due to geopolitical issues and supply chain disruption is expected to hamper the ammonium nitrate market in Europe. Key drivers for this market are: Rising Demand from the Agriculture Industry, Increasing Construction and Infrastructure Activities; Other Drivers. Potential restraints include: Availability of Substitutes, Other Restraints. Notable trends are: Agricultural Sector to Dominate the Market.

The global Ammonium Nitrate Market size was estimated at USD 17.94 billion in 2024 and is anticipated to grow at a CAGR of 3.5% from 2025 to 2034.

The global ammonium nitrate market rose to $9.7B in 2024, growing by 2.3% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $11.4B. From 2023 to 2024, the growth of the global market failed to regain momentum.

The Global Calcium Ammonium Nitrate Market is Segmented by Physical Form (Granular (Dry) CAN and Liquid (Solution) CAN), by Crop Type (Cereals and Grains, and More), by Mode of Application (Soil Application, Fertigation, and Foliar), and by Geography (North America, Europe, Asia-Pacific, South America, Africa, and Middle East). The Report Offers the Market Size and Forecasts in Terms of Value (USD).

Market analysis indicates that the consolidated ammonium nitrate market will expand through USD 3.9 million in 2025 to reach USD 5.3 million in 2035 while demonstrating a 4.1% compound annual growth rate.

Metric	Value
Industry Size (2025E)	USD 3.9 million
Industry Value (2035F)	USD 5.3 million
CAGR (2025 to 2035)	4.1%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	3.2%

Country	CAGR (2025 to 2035)
UK	2.9%

Region	CAGR (2025 to 2035)
European Union	3.1%

Country	CAGR (2025 to 2035)
Japan	2.8%

Country	CAGR (2025 to 2035)
South Korea	3.3%

Segmentation Outlook Calcium Ammonium Nitrate Market

Application Type	Market Share (2025)
Fertilizers	74.1%

End Use Industry	Market Share (2025)
Agriculture	68.9

Competitive Outlook

Company Name	Estimated Market Share (%)
Yara International ASA	18-22%
EuroChem Group AG	13-17%
BASF SE	9-13%
CF Industries Holdings, Inc.	7-11%
OCI N.V.	5-8%
Other Companies (combined)	30-40%