Developing crop production levels globally is expected to drive the overall ammonium sulfate market over the forecast period. Ammonium sulfate finds its major application in nitrogen based fertilizer production. Other important application areas include flame retardants, fertilizer for alkaline soil, food additives, purifying proteins, ammonium salt preparation, chemicals, cattle feed supplements and pharmaceuticals. Ammonium sulfate is broadly used in agriculture related activities which in turn is expected to emerge as major factor for propelling global ammonium sulfate market over the forecast period. Increasing overall crop production including potatoes, corn, wheat, vegetables and rice are expected to augment the global ammonium sulfate market growth over the forecast period. Global ammonium sulfate market is also expected to be vastly affected by caprolactum market as ammonium sulfate emerges as its byproduct. Urea, ammonium nitrate and ammonium phosphates are the various nitrogenous fertilizers apart from ammonium sulfate.
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Environment issues coupled with stringent government policies are expected to establish as key hindrances for the global ammonium sulfate growth in the coming years. Sulfur dioxide removal from stack gases is one major factor expected to obstruct ammonium sulfate market growth in the long run. Nitrogen fixation bio-fertilizer adoption trend can be predicted to establish as key opportunity for global ammonium sulfate market demand over the forecast period.
Asia Pacific was the largest and fastest ammonium sulfate market in terms of demand and is expected to grow further on account of increasing nitrogen fertilizer demand over the forecast period. Key emerging economies including China and India are expected to witness positive growth in ammonium sulfate market owing to increasing population coupled with developing agricultural activities. Rise in caprolactum production is another factor driving ammonium sulfate market growth in Asia Pacific countries. North America is expected to display stable growth rate over the forecast period followed by Europe in coming years. On account of increasing sulfur deficiency in the soil, North America is anticipated to emerge as a major ammonium sulfate market in the coming years. Europe is also expected to temperate growth over the forecast period.
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