Top 10 Companies in the Explosive Grade High Density Ammonium Nitrate Market (2026): Market Leaders Powering Global Mining and Construction

In Business Insights
February 23, 2026


The Global Explosive Grade High Density Ammonium Nitrate Market was valued at USD 2,604 Million in 2025 and is projected to reach USD 2,762 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 0.9% during the forecast period (2024–2030). This steady growth is anchored by persistent demand from the global mining industry for mineral extraction and sustained infrastructure development projects worldwide.

As industries reliant on bulk blasting operations prioritize safety, efficiency, and performance, the focus shifts to the specialized chemical producers who supply the critical oxidizer for industrial explosives. In this blog, we profile the Top 10 Companies in the Explosive Grade High Density Ammonium Nitrate Industry—a group of chemical giants and specialized manufacturers ensuring the safe and effective fragmentation of rock across mining and construction sectors.


🔟 1. CF Industries Holdings, Inc.

Headquarters: Deerfield, Illinois, USA
Key Offering: High-Density Ammonium Nitrate Prills, Technical Solutions

CF Industries is a global leader in the manufacturing and distribution of hydrogen and nitrogen products, and a major supplier of explosive-grade ammonium nitrate in North America. Its extensive production capacity and integrated supply chain make it a cornerstone supplier to the mining industry, providing high-purity, high-density prills essential for formulating ANFO and emulsion explosives.

Industry Initiatives:

  • Investment in production capacity and process efficiency to ensure reliable supply.

  • Commitment to stringent safety protocols across manufacturing and logistics.

  • Focus on developing prill formulations with optimized absorption and density characteristics.

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Explosive Grade High Density Ammonium Nitrate Market – View in Detailed Research Report


9️⃣ 2. Orica Limited

Headquarters: Melbourne, Australia
Key Offering: HDAN Prills, Bulk Emulsion Explosives, Technical Blasting Services

Orica is the world’s largest provider of commercial explosives and blasting systems. While a downstream user, its influence on the HDAN market is profound, as it consumes vast quantities to produce its own bulk explosives. Orica’s technical expertise in blasting science drives demand for specific, high-performance HDAN specifications tailored to diverse mining conditions.

Industry Initiatives:

  • Pioneering advanced blasting technologies and digital solutions for optimized rock fragmentation.

  • Strategic partnerships with HDAN producers to secure long-term, quality-assured supply.


8️⃣ 3. Enaex S.A.

Headquarters: Santiago, Chile
Key Offering: ANFO Blends, Emulsions, HDAN for Latin American Mining

Enaex is a leading producer of industrial explosives and services in Latin America, with a significant presence in the copper-rich Andes region. The company is a major consumer of HDAN, which it utilizes to supply the region’s massive mining sector with customized explosive products and comprehensive rock fragmentation services.

Industry Initiatives:

  • Expansion of production facilities to serve growing mining demand in South America.

  • Development of safe and efficient explosive delivery systems for underground and open-pit mines.


7️⃣ 4. CSBP Limited

Headquarters: Perth, Western Australia, Australia
Key Offering: Explosive Grade Ammonium Nitrate Solutions and Prills

A subsidiary of Wesfarmers Chemicals, Energy & Fertilisers, CSBP is a key supplier of ammonium nitrate in the Asia-Pacific region, particularly to Western Australia’s vast mining industry. Its strategic location and large-scale production capabilities make it a critical partner for mining companies operating in the Pilbara and other resource-rich areas.

Industry Initiatives:

  • Maintaining a robust and secure supply chain to remote mining locations.

  • Adherence to the highest standards of safety and environmental management.


6️⃣ 5. Sasol Limited

Headquarters: Johannesburg, South Africa
Key Offering: Ammonium Nitrate, Explosives Precursors

Sasol, a major integrated energy and chemical company, is a significant producer of ammonium nitrate in Southern Africa. Its production supports the region’s extensive mining operations for gold, platinum, and other minerals. Sasol’s chemical expertise ensures a consistent supply of high-quality product to the explosives industry.

Industry Initiatives:

  • Leveraging its Fischer-Tropsch technology and chemical synthesis capabilities.

  • Supporting the mining sector’s operational efficiency and safety requirements.

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Explosive Grade High Density Ammonium Nitrate Market – View in Detailed Research Report


5️⃣ 6. Deepak Fertilisers And Petrochemicals Corporation Ltd. (DFPCL)

Headquarters: Mumbai, India
Key Offering: Technical Ammonium Nitrate (TAN)

DFPCL is a leading Indian producer of industrial chemicals and a key domestic supplier of Technical Ammonium Nitrate. The company caters to the growing demand from India’s mining, infrastructure, and quarrying sectors, supporting national projects and resource extraction with a focus on import substitution.

Industry Initiatives:

  • Expanding TAN production capacity to meet rising domestic demand.

  • Investing in backward integration to secure raw material supply and stabilize costs.


4️⃣ 7. Austin Powder Company

Headquarters: Cleveland, Ohio, USA
Key Offering: Explosives, HDAN, Blasting Accessories

With a history dating back to 1833, Austin Powder is one of the oldest explosives manufacturers in the world. It is a significant player in the North American market, producing a range of explosives for mining, quarrying, and construction. The company’s reputation is built on safety, reliability, and technical customer support.

Industry Initiatives:

  • Long-standing relationships with mining and construction clients based on trust and performance.

  • Continuous innovation in explosive products and application techniques.


3️⃣ 8. Yunnan Jiehua Science and Technology Co., Ltd.

Headquarters: Kunming, Yunnan, China
Key Offering: Ammonium Nitrate, Industrial Explosive Materials

Yunnan Jiehua is a major Chinese producer of chemical products, including ammonium nitrate for industrial applications. The company plays a crucial role in supplying the burgeoning mining and infrastructure sectors within China and neighboring regions, supported by its strategic manufacturing base.

Industry Initiatives:

  • Serving the high-demand Asia-Pacific market with localized production.

  • Focusing on cost-effective production to remain competitive.


2️⃣ 9. Sichuan Golden Elephant Sairui Chemical Co., Ltd.

Headquarters: Chengdu, Sichuan, China
Key Offering: Ammonium Nitrate Prills and Solutions

As another significant Chinese manufacturer, Sichuan Golden Elephant produces ammonium nitrate for both agricultural and industrial uses. Its industrial-grade product is a key input for the domestic explosives industry, supporting China’s massive construction and mining activities.

Industry Initiatives:

  • Scaling production to align with national industrial and infrastructure goals.

  • Implementing modern manufacturing practices to ensure product quality and safety.


1️⃣ 10. Incitec Pivot Limited (IPL)

Headquarters: Melbourne, Australia
Key Offering: Diammonium Phosphate, Ammonium Nitrate, Explosives Precursors

Incitec Pivot is a major global chemicals company serving the agriculture and mining industries. Through its subsidiary, Dyno Nobel, it is a leading global explosives supplier, and as a producer of ammonia, it has a strategic position in the ammonium nitrate supply chain, particularly in the Australian and North American markets.

Industry Initiatives:

  • Vertical integration from ammonia production to finished explosives.

  • Investment in research to improve the safety and efficacy of blasting agents.

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Explosive Grade High Density Ammonium Nitrate Market – View in Detailed Research Report


🌍 Outlook: The Future of Explosives Relies on Safety and Efficiency

The Explosive Grade High Density Ammonium Nitrate market is characterized by stable, mature demand driven by core industrial sectors. While volume growth is modest, the industry’s evolution is focused on enhancing safety protocols, product performance, and supply chain resilience.

📈 Key Trends Shaping the Market:

  • Increasing regulatory scrutiny and enforcement of safety standards for production, storage, and transport.

  • Adoption of digital blasting technologies and on-site explosive manufacturing units (MMUs) for customization.

  • Growing demand from emerging economies in Asia-Pacific and Latin America for infrastructure and mining projects.

  • Strategic consolidation and long-term partnerships between HDAN producers and major mining companies.

Get Full Report Here:
Explosive Grade High Density Ammonium Nitrate Market – View in Detailed Research Report

The companies listed above form the backbone of the industrial explosives supply chain, providing the essential materials that enable global resource extraction and infrastructure development.