China Ammonium Nitrate Market Size & Outlook, 2025-2033
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China ammonium nitrate market highlights
- The China ammonium nitrate market generated a revenue of USD 890.7 million in 2024 and is expected to reach USD 1,383.3 million by 2033.
- The China market is expected to grow at a CAGR of 5.1% from 2025 to 2033.
- In terms of segment, fertilizer was the largest revenue generating application in 2024.
- Fertilizer is the most lucrative application segment registering the fastest growth during the forecast period.
Ammonium nitrate market data book summary
| Market revenue in 2024 | USD 890.7 million |
| Market revenue in 2033 | USD 1,383.3 million |
| Growth rate | 5.1% (CAGR from 2025 to 2033) |
| Largest segment | Fertilizer |
| Fastest growing segment | Fertilizer |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizer, Explosive |
Other key industry trends
- In terms of revenue, China accounted for 14.9% of the global ammonium nitrate market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China ammonium nitrate market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,383.3 million by 2033.
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Ammonium Nitrate Market Scope
Ammonium Nitrate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Group DF International | View profile | 10001+ | Kyiv, Kyyiv, Ukraine, Europe | https://www.groupdf.com/ |
| Vijay Group | View profile | 501-1000 | Thane, Maharashtra, India, Asia | http://vijaygroup.com |
| Neochim | View profile | 501-1000 | Dimitrovgrad, Khaskovo, Bulgaria, Europe | http://www.neochim.bg |
| EuroChem | View profile | 10001+ | Zug, Zug, Switzerland, Europe | http://www.eurochemgroup.com |
| Orica Limited | View profile | 10001+ | Melbourne, Victoria, Australia, Oceania | http://www.orica.com/ |
| UralChem | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.uralchem.com |
| Austin Powder | View profile | 501-1000 | Cleveland, Ohio, United States, North America | https://www.austinpowder.com |
| Incitec Pivot Ltd | View profile | 5814 | 28 Freshwater Place, Level 8, Southbank, Melbourne, VIC, Australia, 3006 | https://www.incitecpivot.com.au |
| CF Industries Holdings Inc | View profile | 2700 | 2375 Waterview Drive, Northbrook, IL, United States, 60062 | https://www.cfindustries.com |
| Sanden Corp | View profile | 7873 | 20 Kotobuki-cho, Gunma, Isesaki, Japan, 372-8502 | https://www.sanden.co.jp |
China ammonium nitrate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammonium nitrate market will help companies and investors design strategic landscapes.
Fertilizer was the largest segment with a revenue share of 68.47% in 2024. Horizon Databook has segmented the China ammonium nitrate market based on fertilizer, explosive covering the revenue growth of each sub-segment from 2021 to 2033.
The production of various crops such as cotton, oilseed, wheat, and rice are projected to increase owing to rising consumption from end-users. Thus, this is expected to increase the usage of fertilizers in the production of these crops thereby fuelling the use of ammonium nitrate which in turn is expected to propel the market growth over the forecast period.
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Target buyers of China ammonium nitrate market databook
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Our clientele includes a mix of ammonium nitrate market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China ammonium nitrate market , including forecasts for subscribers. This country databook contains high-level insights into China ammonium nitrate market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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China ammonium nitrate market size, by application, 2021-2033 (US$M)
China Ammonium Nitrate Market Outlook Share, 2024 & 2033 (US$M)
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