According to a report by Grand View Research, Inc., the global ammonium sulfate market is projected to reach a value of USD 3.44 billion by 2022. Soaring requirement for arable land to increase crop yield to meet demands of growing population is anticipated to propel the market during the forecast period (2015 to 2022). It can be used in agriculture to improve root strength in crops. It can facilitate natural conversion of nitrates into proteins during breakdown of organic matter. In addition, it can improve soil structure. Such benefits are estimated to spur the demand for ammonium sulfate in the coming years.
Burgeoning use of fertilizers to boost agricultural output is one of the key trends augmenting the market. Fertilizers provide essential nutrient contents such as sulfur and nitrogen, which are highly beneficial for crop growth. Favorable government regulations to use ammonium sulfate as acidity regulator in food are expected to provide a fillip to the market.
Full Research Report On Ammonium Sulfate Market Analysis: https://www.grandviewresearch.com/industry-analysis/ammonium-sulfate-market
The global ammonium sulfate market can be categorized on the basis of product, application, and region. Based on product, the market can be bifurcated into solid and liquid. In 2014, the solid segment dominated the market and accounted for 75.0% of the market share. Manufacturers are expected to produce solid particle of ammonium sulfate in preset limits of screen sizes. They can be crushed, powdered, granular, processed, or crystalline. In addition, solid form of fertilizers can dissolve in water. On the other hand, the liquid segment is likely to expand at a CAGR of 2.59% during the forecast period. Common liquid fertilizers can include nitrogen solutions, ammonium polyphosphate, and anhydrous ammonia.
Based on application, the market can be classified into food additives, fertilizers, industrial use, and others. In 2015, the fertilizers segment dominated the market and accounted for 90.0% of the market share. Presence of both nitrogen and sulfur in ammonium sulfate is poised to stimulate its use in fertilizers. The food additives segment is also projected to register healthy growth over the coming years. Use of ammonium sulfate in baked products such as muffins, steamed buns, pita, pasta, and noodles can control pH factor. Increasing number of bakeries and confectionary shops owing to changing food preferences among consumers can foster product demand.
On the contrary, industrial use of ammonium sulfate is anticipated to decline owing to presence of organic compounds that can act as air pollutants when exposed to air, water, and land.
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The regions reviewed in the report are Europe, North America, Asia Pacific, Central America & South America, and Middle East and Africa. In 2014, Asia Pacific dominated the market and accounted for 35.0% of market share. In the coming years, countries such as India, China, Malaysia, Indonesia, Singapore, and Vietnam are estimated to witness significant market growth. Supportive initiatives from local governments to promote sustainable agricultural practices can fuel the demand for ammonium sulfate during the forecast period.
In addition, North America has also witnessed significant rise in product demand in the past few years. Influx of product suppliers and surging demand for nitrogen fertilizers are expected to escalate the growth of the regional market.
However, in Central and South America, prices of ammonium sulfate are likely to fall owing to uncertain political landscape and volatility in local rates. Besides this, intra-regional taxes and duties can also affect price of the product. Nevertheless, prices can increase in the coming years owing to expansion in plantation area and development of infrastructure in the region. Growing number of import activities for ammonium sulfate owing to high product demand can support price hike during the forecast period.
Some of the leading companies are Novus, Domo Chemicals, Evonik, Royal, and Helm AG. Most companies are poised to invest in R&D activities to manufacture innovative products. To handle price fluctuation of ammonium sulfate, companies are projected to adopt advanced measures such as mothballing of capacity and temporary curtailments of production. Such measures can lead to price drop of the product at the global level.
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