Middle East & Africa Ammonium Nitrate Market Size & Outlook
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MEA ammonium nitrate market highlights
- The MEA ammonium nitrate market generated a revenue of USD 565.9 million in 2024.
- The market is expected to grow at a CAGR of 2.7% from 2025 to 2033.
- In terms of segment, explosive was the largest revenue generating application in 2024.
- Fertilizer is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Egypt is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 565.9 million |
| Market revenue in 2033 | USD 721.2 million |
| Growth rate | 2.7% (CAGR from 2025 to 2033) |
| Largest segment | Explosive |
| Fastest growing segment | Fertilizer |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizer, Explosive |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.5% of the global ammonium nitrate market in 2024.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,316.4 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 |
Middle East & Africa 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.
Explosive was the largest segment with a revenue share of 68.12% in 2024. Horizon Databook has segmented the Middle East & Africa ammonium nitrate market based on fertilizer, explosive covering the revenue growth of each sub-segment from 2021 to 2033.
The rising oil & gas exploration projects in the region is expected to fuel the use of explosives thereby propelling the market growth. In November 2017, Iraq is projected to invite foreign energy organization to bid on the exploration blocks in the country. This is projected to ascend the usage of dynamites and explosive matters including ammonium nitrate which is, in turn, expected to fuel the market growth over the projected period.
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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 continent-level data and insights on the Middle East & Africa ammonium nitrate market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ammonium nitrate market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
MEA ammonium nitrate market size, by country, 2021-2033 (US$M)
Middle East & Africa Ammonium Nitrate Market Outlook Share, 2024 & 2033 (US$M)
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