Europe to Remain the Frontrunner in the Global Ammonium Nitrate Market During the Forecast Period, 2019–2026, Backed by High Consumption in the Region’s Fertilizer and Explosive Sectors

Ammonium nitrate, a white crystal solid that is highly soluble in water, is predominantly used in agriculture as a high nitrogen fertilizer. It is synthesized by neutralizing nitric acid with ammonia. Ammonium nitrate is primarily used in agriculture for concentration of nitrogen fertilizer for winter crops and sugarcane cultivation.  The ammonium nitrate market is largely influenced by certain key factors such as demand for industrial explosive agents, and changing preference towards bio-based chemicals.

Regional Insights

Geographically, the global ammonium nitrate market can be segmented into Asia Pacific, North America, Europe, and Latin America and Middle East & Africa.

Europe is expected to account for the highest share in the global ammonium nitrate market during the projected period, 2019–2026, owing to the presence of prominent economies such as Russia, France, and Germany, which are major contributors to the regional ammonium nitrate market growth. The region is estimated to remain dominant in terms of market share on account of the extensive consumption of ammonium nitrate in fertilizer and explosive applications. However, the widespread use of urea as a substitute for ammonium nitrate in fertilizer applications across Spain and Portugal has been hampering demand for the past few years.


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North America is expected to gain considerable traction in the global ammonium nitrate market, against the backdrop of the increasing use of fertilizers in agriculture production where ammonium nitrate is used in fertilizer production.  According to a report published by Food and Agriculture Organization, the demand for Potash contained fertilizer in North America was pegged at 20,180 tonnes in 2015 and it is projected to reach 23,655 tonnes by 2020.

Asia Pacific is expected to witness remarkable growth in the global ammonium nitrate market during the forecast period, 2019–2026. Increasing demand for ammonium nitrate in emerging countries such as China, South Korea, Vietnam, and Malaysia is expected to contribute to market growth in the region. As of 2016, China was the largest nitrogen fertilizer consumer in the world and this trend is projected to continue, owing to the increasing agricultural activities in the region. Additionally, the fertilizer manufacturing sector in the region has been registering healthy growth, due to the rising domestic consumption, which is expected to provide a fillip to market growth during the forecast period, 2019–2026.

The Latin America and Middle East & Africa region is expected to witness steady growth during the forecast period, 2019–2026, owing to the increasing number of agricultural facilities in emerging countries of Latin America, which have been surging the demand for fertilizers in the region.

 Segmental Insights

The global ammonium nitrate market can be segmented by application, and end user.

By application, the market can be segmented into explosives, fertilizers, and others. The fertilizers segment is expected to be largest application segment in the global ammonium nitrate market during the forecast period, 2019–2026. This can be attributed to the increasing consumption of nitrogen nutrient as compare to its substitute, urea, in fertilizers. Additionally, population growth around the globe is necessitating enhancement in crop yield, which in turn is surging the demand for fertilizers.

By end user, the market can be segmented into mining, construction, quarry, agriculture and others. The agriculture segment is expected to witness considerable growth during the forecast period, 2019–2026, owing to the extensive application of ammonium nitrate in crop production. Additionally, the readiness of ammonium nitrate to mix with soil drives its adoption as a crop fertilizer in agriculture. According to the FAO, the global demand for nitrogen-based fertilizers is projected to reach 1, 18,763 tonnes by 2020, exhibiting a CAGR of 1.54% during 2015–2020.

Ammonium Nitrate Market Segmentation

By Application

  • Explosives
  • Fertilizer

By End User

  • Mining
  • Construction
  • Quarry
  • Agriculture

Regions Covered

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

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