Global ANFO Market to Reach USD 3.8 Billion by 2032 at 5.9% CAGR

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2026-07-28 12:02:14 -

Global ANFO market size was valued at USD 2.4 billion in 2024. The market is projected to grow from USD 2.55 billion in 2025 to USD 3.8 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period. ANFO, or Ammonium Nitrate Fuel Oil, is a widely used industrial explosive consisting of 94% ammonium nitrate prills and 6% fuel oil, offering cost-effective blasting solutions. This mixture...

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