Ammonium Nitrate Market Size, Share, Growth Analysis, By Product (High Density, Low Density), By Application (Fertilizers, Explosives, Others), By End-Use (Agriculture, Mining & quarrying,), By Region - Industry Forecast 2024-2031

A large number of customers and producers make the market fairly challenging. Leading players constantly engage in Research and development projects, capacity expansion, and regional coverage through a variety of techniques to provide their clients with top-notch outcomes. The threat from new companies is likely to be reduced by the large initial investment in plants like dryers, screeners, and recycle-slurry mixers combined with narrow profitability, which will reduce industry competition over the projected period. For instance, Ammonium nitrate, according to Enaex, is a premium blasting agent that is made specifically for explosive mixes. Additionally, it has a high potential to absorb oil.

Top Players in the Ammonium Nitrate Market

• Orica Ltd 
• Enaex S.A 
• CF Industries Holdings  
• URALCHEM Holding P.L.C. 
• Incitec Pivot Limited Inc 
• DFPCL 
• Neochim Ad 
• San Corporation 
• Austin Powder International 
• EuroChem Group AG 
• CSBP Limited 
• OSTCHEM Holding Company 
• Abu Qir Fertilizers Co 

Ammonium Nitrate Market Recent Development

• In January 2022, A plant for the production of technological ammonium nitrate (Project) with a volume of around 2,20,000 metric tonnes (MT) annually and an expected project cost of about Rs. 1170 crore has been approved by the Board of Chambal Fertilizers & Chemicals. The project will also feature a facility to produce weak nitric acid at a rate of 1,80,000 MT annually.