Global ANFO Explosives Market Growth 2026-2032
Description
The global ANFO Explosives market size is predicted to grow from US$ 2669 million in 2025 to US$ 3628 million in 2032; it is expected to grow at a CAGR of 4.6% from 2026 to 2032.
In 2025, global ANFO Explosives production reached approximately 4.71 million tons, with an average global market price of around US$579 per ton. ANFO (ammonium nitrate/fuel oil) is a widely used bulk industrial explosive mixture. It consists of 94% porous prilled ammonium nitrate (NH4NO3) (AN) that acts as the oxidizing agent and absorbent for the fuel and 6% fuel oil (FO).
The global market for ANFO (Ammonium Nitrate Fuel Oil) explosives is primarily driven by sustained demand from mining and infrastructure development, particularly in the Asia-Pacific region. Its cost-effectiveness and high explosive velocity secure its key position in applications like open-pit mining. However, the market faces significant restraints. Stringent global safety regulations, intensified by major incidents like the Beirut port explosion, have increased scrutiny and compliance costs surrounding the storage, transport, and handling of its primary component, ammonium nitrate.
Future development is characterized by a dual focus on safety and precision. A key trend involves advancing technologies for safer ammonium nitrate management and exploring alternative materials. Concurrently, the industry is undergoing technological upgrading, with a growing adoption of electronic detonators and digital blasting systems to enhance precision, efficiency, and overall safety. Continued infrastructure projects in emerging economies present ongoing opportunities for market growth.
LP Information, Inc. (LPI) ' newest research report, the “ANFO Explosives Industry Forecast” looks at past sales and reviews total world ANFO Explosives sales in 2025, providing a comprehensive analysis by region and market sector of projected ANFO Explosives sales for 2026 through 2032. With ANFO Explosives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world ANFO Explosives industry.
This Insight Report provides a comprehensive analysis of the global ANFO Explosives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on ANFO Explosives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global ANFO Explosives market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for ANFO Explosives and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global ANFO Explosives.
This report presents a comprehensive overview, market shares, and growth opportunities of ANFO Explosives market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Porous Granular ANFO
Powdered ANFO
Heavy ANFO
Segmentation by Supply Method:
On-site Mixed Type
Pre-made Type
Segmentation by Use:
Coal-Mine Use
Non-Coal-Mine Use
Segmentation by Application:
Mining
Building Materials
Underground Engineering
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Orica
Dyno Nobel
Enaex
MAXAM
AECI
Sasol
Hanwha
BME
EPC Groupe
Solar Group
Austin Powder
Nippon Kayaku
NOF Corporation
Chemring Group
EURENCO
Kemek
Poly Union Chemical
Hubei Kailong Chemical
Hunan Nanling Civil Explosive Equipment
Sichuan Yahua Industrial
Hongda Blasting Engineering
Shenzhen Jin'aobo Technology
Shanxi Tond Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global ANFO Explosives market?
What factors are driving ANFO Explosives market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do ANFO Explosives market opportunities vary by end market size?
How does ANFO Explosives break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
In 2025, global ANFO Explosives production reached approximately 4.71 million tons, with an average global market price of around US$579 per ton. ANFO (ammonium nitrate/fuel oil) is a widely used bulk industrial explosive mixture. It consists of 94% porous prilled ammonium nitrate (NH4NO3) (AN) that acts as the oxidizing agent and absorbent for the fuel and 6% fuel oil (FO).
The global market for ANFO (Ammonium Nitrate Fuel Oil) explosives is primarily driven by sustained demand from mining and infrastructure development, particularly in the Asia-Pacific region. Its cost-effectiveness and high explosive velocity secure its key position in applications like open-pit mining. However, the market faces significant restraints. Stringent global safety regulations, intensified by major incidents like the Beirut port explosion, have increased scrutiny and compliance costs surrounding the storage, transport, and handling of its primary component, ammonium nitrate.
Future development is characterized by a dual focus on safety and precision. A key trend involves advancing technologies for safer ammonium nitrate management and exploring alternative materials. Concurrently, the industry is undergoing technological upgrading, with a growing adoption of electronic detonators and digital blasting systems to enhance precision, efficiency, and overall safety. Continued infrastructure projects in emerging economies present ongoing opportunities for market growth.
LP Information, Inc. (LPI) ' newest research report, the “ANFO Explosives Industry Forecast” looks at past sales and reviews total world ANFO Explosives sales in 2025, providing a comprehensive analysis by region and market sector of projected ANFO Explosives sales for 2026 through 2032. With ANFO Explosives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world ANFO Explosives industry.
This Insight Report provides a comprehensive analysis of the global ANFO Explosives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on ANFO Explosives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global ANFO Explosives market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for ANFO Explosives and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global ANFO Explosives.
This report presents a comprehensive overview, market shares, and growth opportunities of ANFO Explosives market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Porous Granular ANFO
Powdered ANFO
Heavy ANFO
Segmentation by Supply Method:
On-site Mixed Type
Pre-made Type
Segmentation by Use:
Coal-Mine Use
Non-Coal-Mine Use
Segmentation by Application:
Mining
Building Materials
Underground Engineering
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Orica
Dyno Nobel
Enaex
MAXAM
AECI
Sasol
Hanwha
BME
EPC Groupe
Solar Group
Austin Powder
Nippon Kayaku
NOF Corporation
Chemring Group
EURENCO
Kemek
Poly Union Chemical
Hubei Kailong Chemical
Hunan Nanling Civil Explosive Equipment
Sichuan Yahua Industrial
Hongda Blasting Engineering
Shenzhen Jin'aobo Technology
Shanxi Tond Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global ANFO Explosives market?
What factors are driving ANFO Explosives market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do ANFO Explosives market opportunities vary by end market size?
How does ANFO Explosives break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
161 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for ANFO Explosives by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for ANFO Explosives by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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