Europe Ammonium Nitrate Market Market Size (2024 - 2029)

The European ammonium nitrate market is experiencing growth driven by increasing demand from the agriculture and construction sectors, despite challenges posed by the availability of substitutes like potassium nitrate and ammonium sulfate. The market's expansion was initially hindered by the COVID-19 pandemic, which disrupted production and supply chains, but recovery began in 2021. The development of green ammonia for fertilizer production presents promising opportunities for further market growth. Russia stands out as the largest market due to its significant agricultural consumption.

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Market Size of Europe Ammonium Nitrate Industry

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Europe Ammonium Nitrate Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 1.03 %
Market Concentration High

Major Players

Europe Ammonium Nitrate Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Ammonium Nitrate Market Analysis

The European ammonium nitrate market is estimated to reach 17.34 million tons by the end of this year, and it is projected to reach 18.26 million tons in the next five years, registering a CAGR of 1.03% during the forecast period.

The COVID-19 pandemic affected several industries negatively. The lockdown in most European countries caused disruptions in production, and restrictions on freight transportation disturbed the supply chain. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

  • Over the short term, rising demand from the agriculture industry and increasing construction and infrastructure activities are the major factors driving the growth of the market studied.
  • However, the availability of substitutes such as potassium nitrate, ammonium sulfate, and urea is likely to restrain the growth of the studied market.
  • Nevertheless, the development of green ammonia for fertilizer production is likely to create lucrative growth opportunities for the European market, as green ammonia can be used as a source to produce ammonium nitrate.
  • Russia represents the largest market over the forecast period due to the increasing consumption from the agricultural sector.

Europe Ammonium Nitrate Industry Segmentation

Ammonium nitrate is a chemical compound composed of salt of ammonia and nitric acid and is commercially available both as a colorless crystalline solid and processed into prills for specific applications.

The European Ammonium Nitrate Market is segmented by Application (Fertilizers, Explosives, and Other Applications), End-user Industry (Agriculture, Mining, Defense, and Other End-user Industries), and Geography (Germany, United Kingdom, Italy, France, Russia, and the Rest of Europe). Each segment's market sizing and forecasts are based on volume (Million tons).

Application
Fertilizers
Explosives
Other Applications
End-user Industry
Agriculture
Mining
Defence
Other End-user Industry
Geography
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
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Europe Ammonium Nitrate Market Size Summary

The European ammonium nitrate market is experiencing a gradual growth trajectory, driven primarily by increasing demand from the agriculture sector and expanding construction and infrastructure activities. The market, which faced disruptions due to the COVID-19 pandemic, has been recovering since 2021. Ammonium nitrate is a crucial nitrogen source for fertilizers, particularly favored by vegetable growers for its immediate availability of nutrients. However, the market faces challenges from the availability of substitutes like potassium nitrate and ammonium sulfate. Despite these challenges, the development of green ammonia for fertilizer production presents promising growth opportunities. Russia stands out as a significant player in the market, with its agricultural sector being a major consumer of ammonium nitrate, thereby influencing the market dynamics in Europe.

The market is characterized by a consolidated structure with key players such as YARA, Orica Limited, EuroChem Group, URALCHEM JSC, and ENAEX. These companies are actively involved in expanding their production capacities and enhancing their product portfolios. For instance, Ostchem reported a substantial increase in fertilizer production, including ammonium nitrate, in early 2023. Additionally, EuroChem's acquisition of Borealis Group's nitrogen business is expected to bolster its ammonium nitrate production capabilities. The Russian market, in particular, is expected to dominate due to its significant agricultural activity and production capacity, with the government implementing measures to ensure adequate supply for domestic farmers. These trends indicate a steady demand for ammonium nitrate in Europe, with Russia playing a pivotal role in shaping the market landscape.

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Europe Ammonium Nitrate Market Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from the Agriculture Industry

      2. 1.1.2 Increasing Construction and Infrastructure Activities

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Availability of Substitutes

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Fertilizers

      2. 2.1.2 Explosives

      3. 2.1.3 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Agriculture

      2. 2.2.2 Mining

      3. 2.2.3 Defence

      4. 2.2.4 Other End-user Industry

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 Italy

      4. 2.3.4 France

      5. 2.3.5 Russia

      6. 2.3.6 Rest of Europe

Europe Ammonium Nitrate Market Market Size FAQs

The Europe Ammonium Nitrate Market is projected to register a CAGR of greater than 1.03% during the forecast period (2024-2029)

YARA, Orica Limited, EuroChem Group, URALCHEM JSC and ENAEX are the major companies operating in the Europe Ammonium Nitrate Market .

Europe Ammonium Nitrate Market Report Snapshots

Europe Ammonium Nitrate Market Size & Share Analysis - Growth, Trends, and Forecasts (2024 - 2029)