Ammonium Nitrate Market 
                     Ammonium 
Nitrate Market 
Estimated to 
reach USD 24 
billion by 2026
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Market 
Summary
In 2018, the global ammonium nitrate market exceeded the value of USD 16 billion 
and is estimated to reach USD 24 billion by 2026,
Ammonium nitrate is a part of ANFO, a well-known industrial explosive that accounts 
for 80% of the explosives used in North America. Similar formulations of this 
explosive have been used in improvised e x plosive devices
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Market 
Key players in the global ASmummonimuma Nirtryate market:
• EuroChem Group AG
• CF Industries
• Orica
• Austin Powder Company
• Enaex
• Incitec Pivot limited
•   Neochim Plc
• URALCHEM
• Abu QIR Fertilizers and Chemicals Industries Company
• Yara International
• Ostchem Holding
• Vijay Gas Industry
• Fertiberia
Market 
Market segment based onS Puromducmt: ary
• High Density
• Low Density
Market segment based on Application:
• Fertilizers
• Explosives
• Others
  
Market segment based on Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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