Ammonium Nitrate Market to Reach $8.6 Billion by 2035
Ammonium nitrate market was valued at $6.0 billion in 2025 and is projected to reach $8.6 billion by 2035, expanding at a 4.0% CAGR from 2026 to 2035. Market growth is supported by demand for nitrogen fertilizers and industrial ammonium nitrate used in mining and quarrying. According to the Food and Agriculture Organization (FAO), global agricultural use of inorganic fertilizers reached 197 million tonnes of nutrients in 2024, while nitrogen use increased 8% from 2015 to 115 million tonnes. Nitrogen accounted for 57.7% of global inorganic fertilizer production in 2024. This large nitrogen-consumption base supports demand for ammonium nitrate products used in agricultural nutrient applications.
Browse the full report description of “Ammonium Nitrate Market Size, Share & Trends Analysis Report, By Type (High-Density Ammonium Nitrate, Low-Density Ammonium Nitrate, Porous Ammonium Nitrate), By Application (Fertilizers, Mining & Quarrying, Industrial Applications, Other Applications), By End Use (Agriculture, Mining, Construction & Infrastructure, Industrial Manufacturing, Others), Forecast Period (2026–2035)” at https://www.omrglobal.com/industry-reports/ammonium-nitrate-market
Mining and quarrying provide another important demand channel, particularly for low-density and porous ammonium nitrate used in industrial blasting applications. According to the International Energy Agency (IEA), global coal production reached a record 9.1 billion tonnes in 2024, with China producing approximately 4.67 billion tonnes, India around 1.08 billion tonnes, and Indonesia approximately 836 million tonnes. Continued mining activity in major producing countries supports requirements for industrial ammonium nitrate. The porous ammonium nitrate segment is expected to gain demand from mining, quarrying, and infrastructure-related blasting applications, while manufacturers are increasing production efficiency and capacity. Acron reported 394,000 tonnes of low-density and technical-grade ammonium nitrate commercial output during the first nine months of 2025, up 106.3% year over year.
Fertilizers Segment Leads the Ammonium Nitrate Market
The fertilizers segment represents the key application segment of the ammonium nitrate market, supported by the requirement for nitrogen nutrients in agricultural production. According to the Food and Agriculture Organization (FAO), global agricultural use of inorganic fertilizers reached 197 million tonnes of nutrients in 2024, while nitrogen fertilizer use increased by 8% from 2015 to 115 million tonnes. Nitrogen represented 57.7% of global inorganic fertilizer production in 2024. Ammonium nitrate is classified by FAO as a straight nitrogenous fertilizer, with a standard nutrient content of 33.5% nitrogen, making fertilizer demand an important contributor to its commercial consumption.
Demand for ammonium nitrate fertilizers is also supported by their direct availability of nitrogen in both ammonium and nitrate forms. Yara's 2025 fertilizer industry data identifies ammonium nitrate as a nitrogen fertilizer containing 33.5% nitrogen, while its production pathway uses nitric acid and ammonia as key inputs. The continued scale of global fertilizer consumption, particularly nitrogen requirements across major agricultural economies, provides a sustained application base for ammonium nitrate. FAO data also show that global inorganic fertilizer use increased from 185 million tonnes in 2015 to 197 million tonnes in 2024, indicating continued long-term demand despite periodic disruptions caused by fertilizer prices and energy-market volatility.
Recent Developments
- In January 2026, Yara International ASA announced plans to optimize its global assets and expand low-cost, low-emission ammonia production, including a potential USD 2 billion U.S. investment. The strategy is relevant to the Ammonium Nitrate Market because ammonia is a key feedstock for ammonium nitrate production and can support manufacturing efficiency and supply competitiveness.
- In October 2025, Nutrien completed an 81-day planned turnaround at its Redwater nitrogen facility, which produces ammonium nitrate along with other nitrogen products. The maintenance program upgraded critical equipment, including the primary reformer, and supported safer, more reliable, and efficient ammonium nitrate production.
Market Coverage
- The market number available for – 2025-2035
- Base year- 2025
- Forecast period- 2026-2035
- Segment Covered-
- By Type
- By Application
- By End Use
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – Yara International ASA, Orica Limited, CF Industries Holdings, Inc., Incitec Pivot Limited (Dyno Nobel), and EuroChem Group AG, among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Ammonium Nitrate Market Report Segment
By Type
- High-Density Ammonium Nitrate
- Low-Density Ammonium Nitrate
- Porous Ammonium Nitrate
By Application
- Fertilizers
- Mining & Quarrying
- Industrial Applications
- Other Applications
By End Use
- Agriculture
- Mining
- Construction & Infrastructure
- Industrial Manufacturing
- Others
Ammonium Nitrate Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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