The India ammonium nitrate market size reached USD 578.54 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 805.80 Million by 2033, exhibiting a growth rate (CAGR) of 3.75% during 2025-2033. The India ammonium nitrate market is growing due to supportive government policies promoting self-reliance and sustainable agriculture, along with increased production capacity driven by strategic technology partnerships and investments in advanced domestic manufacturing facilities.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 578.54 Million |
Market Forecast in 2033 | USD 805.80 Million |
Market Growth Rate 2025-2033 | 3.75% |
Government Policies and Regulatory Support
The increasing number of policies by the governing body are crucial in influencing the ammonium nitrate market, especially via programs that encourage self-sufficiency and enhance local production. For example, in 2024, Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL) signed a joint venture to establish an ammonium nitrate plant in Odisha, using coal gasification technology. The plant was set to produce 2,000 tons of ammonium nitrate daily, utilizing 1.3 million tons of coal from CIL. This project aimed to reduce import dependency and support the government's Atmanirbhar Bharat initiative. By enhancing local production capability, these initiatives reinforce the market for ammonium nitrate in India, ensuring its competitiveness and sustainability over the long term. Furthermore, the emphasis of the government on promoting sustainable farming and industrial development is leading to the implementation of policies that support the use of fertilizers, such as nitrogen-rich options like ammonium nitrate. Financial support and grants for fertilizers enhance the accessibility and affordability of ammonium nitrate for farmers, promoting its use in agricultural methods. Moreover, regulatory structures backing industries like mining and construction are also driving the need for ammonium nitrate, particularly for its application in the production of explosives.
Capacity Expansion Through Technology Partnerships
The consistent rise in production capacity achieved through strategic technological partnerships and industrial investments is bolstering the market growth. The nation’s effort to enhance its local fertilizer and chemical manufacturing is motivating public enterprises and private companies to invest in advanced, high-efficiency plants. For instance, in 2023, Casale announced that Rashtriya Chemicals and Fertilizers Ltd. (RCF) in Trombay, India, had selected its NitroPIPE technology for a new 425 MTPD Ammonium Nitrate melt facility. The project was set to be executed on an LSTK basis by Larsen & Toubro (L&T), with Casale providing the license, process design, and proprietary items. This marked a significant expansion of Casale's presence in the Indian nitrate market. This project highlights the increasing focus on incorporating advanced, energy-efficient technologies into Indian manufacturing infrastructure. Casale's participation encompasses licensing, process design, and provision of proprietary equipment, reflecting a wider industry movement towards modernization and localization. These initiatives not only boost operational efficiency but also decrease dependence on imports, improve supply stability, and aid downstream industries such as mining, infrastructure, and defense. With these technology-driven growth, the supply of high-purity and bulk-grade ammonium nitrate is increasing, enhancing the market's capacity to satisfy growing domestic needs in both industrial and agricultural sectors.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on grade, solids, and end use.
Grade Insights:
A detailed breakup and analysis of the market based on the grade have also been provided in the report. This includes agriculture, industrial, food, and others.
Solids Insights:
The report has provided a detailed breakup and analysis of the market based on the solids. This includes high density ammonium nitrate and low density ammonium nitrate.
End Use Insights:
A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes agriculture, mining, pharmaceutical, plastics, pulp and paper, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Grades Covered | Agriculture, Industrial, Food, Others |
Solids Covered | High Density Ammonium Nitrate, Low Density Ammonium Nitrate |
End Users Covered | Agriculture, Mining, Pharmaceutical, Plastics, Pulp and Paper, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |