Core Viewpoint - The ammonium nitrate production capacity in China is declining due to increased regulatory scrutiny and the exit of outdated production capacities, leading to improved utilization rates and stable demand growth in the industry [1][11]. Overview - Ammonium nitrate (NH₄NO₃) is a white crystalline powder, highly soluble in water, primarily used as an agricultural fertilizer and in the production of explosives and pesticides [2][4]. Development History - The ammonium nitrate industry in China began in the 1960s and saw significant growth in the 1980s and 1990s, with technological advancements marking its progress [4]. - Post-2000, the industry experienced rapid growth driven by increasing demand in agriculture and industrial sectors, but stricter regulations have led to a reduction in outdated capacities [5][11]. Market Policies - Ammonium nitrate is classified as a hazardous chemical, and numerous regulations have been implemented to ensure safety in its production, storage, and transportation, promoting a shift towards larger, greener operations [5][6]. Industry Chain - The upstream of the ammonium nitrate industry includes suppliers of nitric acid and ammonia, while the downstream applications cover agricultural fertilizers, industrial explosives, and other chemical products [7][8]. Current Development Status - China's ammonium nitrate production capacity is projected to decline to 9.71 million tons per year in 2024, with a capacity utilization rate increasing from 55.1% in 2018 to 66.0% in 2024 [11][12]. - The production volume is expected to reach 6.41 million tons in 2024, with a demand of 6.37 million tons, both showing year-on-year growth [12]. Export Situation - In the first nine months of 2025, China exported 46,000 tons of ammonium nitrate, generating $1.5058 million in revenue, with major export destinations including Vietnam, Cambodia, and Malaysia [12]. Competitive Landscape - The ammonium nitrate market in China is characterized by high concentration, with the top 10 producers accounting for 59.11% of the total capacity in 2024 [13]. - Key players include Henan Jinkai Chemical Investment Holding Group and Inner Mongolia Datang Dingwang Chemical, among others [13][14]. Future Development Trends - The industry is expected to face stricter environmental regulations, necessitating increased investments in pollution control and safety management to comply with evolving standards [15].
研判2025！中国硝酸铵行业发展历程、市场政策、产业链、供需现状、进出口贸易、竞争格局及发展趋势分析：产能结构持续优化[图]
Chan Ye Xin Xi Wang·2025-11-06 01:32