Ammonium Nitrate Market Size, Share, Growth Analysis, By Product(High Density, Low Density), By Application(Fertilizers, Explosives, Others), 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

• Yara International ASA
• EuroChem Group AG
• CF Industries Holdings, Inc.
• Orica Limited
• The Mosaic Company
• URALCHEM JSC
• Borealis AG
• Potash Corporation of Saskatchewan Inc.
• Abu Qir Fertilizers and Chemicals Company
• OSTCHEM Holding AG
• Austin Powder Company
• Neochim AD
• JSC Belaruskali
• Ube Industries, Ltd.
• GPN Chemicals
• Enaex
• Fertiberia S.A.
• Lovochemie A.S.
• Guizhou Chanhen Chemical Corporation
• Sasol Nitro

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.