The global Ammonium Nitrate market was valued at US$ 5227.5 million in 2022 and is projected to reach US$ 6498.5 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period (2023–2029). This growth is being driven by rising demand for nitrogenous fertilizers in agriculture, expanding mining and quarrying activities that rely on industrial explosives, and ongoing efforts to enhance production efficiency amid global food security challenges and infrastructure development.

As the chemical sector navigates toward more sustainable practices and heightened safety standards, the focus turns to the major producers who are advancing innovative manufacturing processes, environmental compliance, and reliable supply chains. In this blog, we profile the Top 10 Companies in the Ammonium Nitrate Market—a blend of multinational conglomerates, fertilizer specialists, and explosives experts influencing the trajectory of global agriculture and industrial sectors.

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🔟 1. SBU Azot

Headquarters: Severodonetsk, Ukraine
Key Offering: Ammonium Nitrate Solid, technical-grade solutions for fertilizers and explosives

SBU Azot stands as a prominent player in Eastern Europe, producing high-quality ammonium nitrate primarily for agricultural and industrial uses. The company operates extensive facilities that support regional farming needs and mining operations, ensuring consistent supply despite logistical hurdles in the area. With a strong emphasis on quality control, SBU Azot has built a reputation for reliable delivery of prilled and granular forms that meet international standards, helping to sustain productivity in challenging environments.

Safety and Sustainability Initiatives:

• Implementation of advanced storage protocols to mitigate explosion risks

• Investments in energy-efficient production to reduce carbon footprint

• Collaboration with local authorities on regulatory compliance for safe handling

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9️⃣ 2. Borealis AG

Headquarters: Vienna, Austria
Key Offering: Ammonium Nitrate Solution, integrated fertilizer products

Borealis, a leading European petrochemical firm, contributes significantly to the ammonium nitrate supply through its polyolefins and fertilizers divisions. It focuses on delivering products that meet stringent EU environmental standards, serving markets across Europe and beyond with reliable volumes. The company’s integrated approach allows for seamless blending with other nutrients, optimizing application in modern farming practices and reducing waste.

Safety and Sustainability Initiatives:

• Adoption of circular economy principles in fertilizer production

• Enhanced safety training programs for handling hazardous materials

• Partnerships for reducing nitrate runoff in agricultural applications

Download FREE Sample Report: Ammonium Nitrate Market – View in Detailed Research Report

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8️⃣ 3. Orica Limited

Headquarters: Melbourne, Australia
Key Offering: Ammonium Nitrate Solid for blasting agents, mining explosives

Orica is a global leader in explosives, leveraging ammonium nitrate for safe and efficient mining operations worldwide. With a strong emphasis on innovation, the company supplies prilled ammonium nitrate to major mining sites, supporting resource extraction in Australia, Africa, and Latin America. Orica’s expertise in formulation ensures high performance while prioritizing worker safety and environmental protection in high-risk environments.

Safety and Sustainability Initiatives:

• Development of low-emission detonation technologies

• Rigorous global safety audits and digital monitoring systems

• Initiatives to recycle byproducts from explosive manufacturing

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7️⃣ 4. Incitec Pivot Limited

Headquarters: Melbourne, Australia
Key Offering: Ammonium Nitrate for fertilizers and industrial explosives

Incitec Pivot plays a crucial role in the Asia-Pacific region, producing ammonium nitrate for both agricultural enhancement and mining applications. Its integrated supply chain ensures timely delivery to farmers and industrial clients, bolstering food production and infrastructure projects. The company’s dual-focus strategy allows it to balance seasonal demands in agriculture with steady industrial needs, fostering resilience in volatile markets.

Safety and Sustainability Initiatives:

• Focus on precision agriculture to optimize fertilizer use

• Advanced risk management for explosive storage and transport

• Commitment to reducing greenhouse gas emissions in production

Download FREE Sample Report: Ammonium Nitrate Market – View in Detailed Research Report

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6️⃣ 5. Yara International ASA

Headquarters: Oslo, Norway
Key Offering: Ammonium Nitrate-based fertilizers, nitrogen solutions

Yara is renowned for its comprehensive nitrogen fertilizer portfolio, where ammonium nitrate forms a core component. Operating in over 60 countries, the company supports sustainable farming by providing nutrient-efficient products that help maximize crop yields while minimizing environmental impact. Yara’s global network enables tailored solutions for diverse soil types and climate conditions, promoting long-term soil health and productivity.

Safety and Sustainability Initiatives:

• Promotion of balanced fertilization to cut nitrate pollution

• Global safety standards for chemical transport and handling

• Research into bio-based alternatives to traditional nitrates

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5️⃣ 6. Acron Group

Headquarters: Moscow, Russia
Key Offering: Ammonium Nitrate Solid, complex fertilizers

Acron Group is a key Russian producer, exporting ammonium nitrate to Europe and Asia for fertilizer and explosive uses. Its vertically integrated operations from raw materials to final products ensure cost-effectiveness and quality control in a competitive market. By leveraging local resources, Acron maintains competitive pricing while expanding its footprint in high-growth regions.

Safety and Sustainability Initiatives:

• Modernization of plants for lower energy consumption

• Strict adherence to international safety regulations

• Efforts to expand eco-friendly fertilizer formulations

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4️⃣ 7. OSTCHEM Holding

Headquarters: Kyiv, Ukraine
Key Offering: Ammonium Nitrate for agricultural and industrial sectors

OSTCHEM Holding manages major Ukrainian chemical assets, focusing on ammonium nitrate production to meet domestic and export demands. Despite regional challenges, it maintains a robust supply for fertilizers that support Eastern European agriculture. The holding’s strategic investments in capacity upgrades have positioned it as a vital supplier in times of geopolitical uncertainty.

Safety and Sustainability Initiatives:

• Enhanced security measures post-incident learnings

• Investments in sustainable nitrogen management

• Partnerships for safe distribution networks

Download FREE Sample Report: Ammonium Nitrate Market – View in Detailed Research Report

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3️⃣ 8. Uralchem Group

Headquarters: Moscow, Russia
Key Offering: Ammonium Nitrate Solution and Solid for fertilizers, explosives

Uralchem is a dynamic force in the Russian and international markets, producing high-purity ammonium nitrate for diverse applications. The group emphasizes expansion into emerging markets, ensuring availability for global agricultural needs. Its advanced prilling technology produces low-dust products that improve handling safety and application efficiency.

Safety and Sustainability Initiatives:

• Innovation in low-dust prilling technologies

• Comprehensive risk assessment programs

• Support for sustainable farming practices in key regions

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2️⃣ 9. CF Industries Holdings, Inc.

Headquarters: Deerfield, Illinois, USA
Key Offering: Ammonium Nitrate for nitrogen fertilizers, industrial uses

CF Industries is North America’s largest producer of nitrogen products, including ammonium nitrate, serving the U.S. agricultural heartland and export markets. Its focus on operational excellence drives efficiency in supplying essential crop nutrients. With state-of-the-art facilities, CF Industries optimizes energy use and reduces emissions, supporting sustainable intensification of farming.

Safety and Sustainability Initiatives:

• State-of-the-art safety systems in manufacturing

• Carbon capture projects to lower emissions

• Educational programs for responsible fertilizer application

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1️⃣ 10. EuroChem Group

Headquarters: Zug, Switzerland
Key Offering: Ammonium Nitrate Solid and blends for global agriculture and mining

EuroChem leads the market as one of the world’s top fertilizer producers, with ammonium nitrate at the forefront of its offerings. Spanning Europe, Asia, and the Americas, the company delivers innovative solutions that enhance soil fertility and support industrial blasting needs. EuroChem’s commitment to R&D ensures products that align with precision farming and eco-conscious mining practices.

Safety and Sustainability Initiatives:

• Global rollout of digital safety monitoring

• Commitment to zero-harm operations

• Advancements in controlled-release fertilizers to reduce environmental impact

Read Full Report: Ammonium Nitrate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Ammonium Nitrate Is Safer and More Sustainable

The ammonium nitrate market continues to evolve amid growing global demands for food production and resource extraction. While solid forms dominate for their versatility in fertilizers and explosives, the sector is channeling resources into safer handling technologies, regulatory adherence, and eco-friendly production methods to address past incidents and environmental concerns. As regulations tighten and sustainability becomes paramount, companies are investing in innovations that balance efficacy with responsibility.

📈 Key Trends Shaping the Market:

• Expansion of production capacities in Asia-Pacific and Europe to meet fertilizer needs

• Stricter international regulations on explosive-grade ammonium nitrate storage and transport

• Integration of digital tools for supply chain transparency and risk management

• Collaborations between producers and governments for sustainable agriculture initiatives

Read Full Report: Ammonium Nitrate Market – View in Detailed Research Report

The companies highlighted here are not only powering essential industries—they are leading the push for a more responsible and innovative ammonium nitrate landscape.

At 24chemicalresearch, we provide in-depth market intelligence to help stakeholders navigate complex sectors like chemicals and fertilizers. Our reports draw from extensive surveys of manufacturers, suppliers, and experts to offer actionable insights on trends, challenges, and opportunities.