Global Ammonium Nitrate Market Size & Outlook, 2025-2033
Global ammonium nitrate market, 2021-2033 (US$M)
Related Markets
Global ammonium nitrate market highlights
- The global ammonium nitrate market generated a revenue of USD 5,978.1 million in 2024 and is expected to reach USD 8,250.8 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 3.7% by 2033.
- In terms of segment, fertilizer accounted for a revenue of USD 3,783.4 million in 2024.
- Fertilizer is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 5,978.1 million |
| Market revenue in 2033 | USD 8,250.8 million |
| Growth rate | 3.7% (CAGR from 2025 to 2033) |
| Largest segment | Fertilizer |
| Fastest growing segment | Fertilizer |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizer, Explosive |
Other key industry trends
- In terms of revenue, the North America accounted for 16.6% of the global ammonium nitrate market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, China is the fastest growing regional market and is projected to reach USD 1,383.3 million by 2033.
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Ammonium Nitrate Market Scope
Ammonium Nitrate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Group DF International | View profile | 10001+ | Kyiv, Kyyiv, Ukraine, Europe | https://www.groupdf.com/ |
| Vijay Group | View profile | 501-1000 | Thane, Maharashtra, India, Asia | http://vijaygroup.com |
| Neochim | View profile | 501-1000 | Dimitrovgrad, Khaskovo, Bulgaria, Europe | http://www.neochim.bg |
| EuroChem | View profile | 10001+ | Zug, Zug, Switzerland, Europe | http://www.eurochemgroup.com |
| Orica Limited | View profile | 10001+ | Melbourne, Victoria, Australia, Oceania | http://www.orica.com/ |
| UralChem | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.uralchem.com |
| Austin Powder | View profile | 501-1000 | Cleveland, Ohio, United States, North America | https://www.austinpowder.com |
| Incitec Pivot Ltd | View profile | 5814 | 28 Freshwater Place, Level 8, Southbank, Melbourne, VIC, Australia, 3006 | https://www.incitecpivot.com.au |
| CF Industries Holdings Inc | View profile | 2700 | 2375 Waterview Drive, Northbrook, IL, United States, 60062 | https://www.cfindustries.com |
| Sanden Corp | View profile | 7873 | 20 Kotobuki-cho, Gunma, Isesaki, Japan, 372-8502 | https://www.sanden.co.jp |
Global ammonium nitrate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammonium nitrate market will help companies and investors design strategic landscapes.
Fertilizer was the largest segment with a revenue share of 63.29% in 2024. Horizon Databook has segmented the Global ammonium nitrate market based on fertilizer, explosive covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Ammonium Nitrate Application Outlook (Revenue, USD Million, 2021-2033)
- Fertilizer
- Explosive
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global ammonium nitrate market , including forecasts for subscribers. This global databook contains high-level insights into Global ammonium nitrate market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global ammonium nitrate market size, by regions, 2021-2033 (US$M)
Top 10 countries: Ammonium nitrate market size, 2024 (US$M)
Global ammonium nitrate market share, by application, 2024 & 2033 (%, US$M)
Ammonium nitrate market: Opportunity assessment by country
Global ammonium nitrate market, by region, 2024 (US$M)
Related statistics
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