Global Ammonium Sulfate Market is growing rapidly over the past few years. Ammonium Sulfate is extensively used in fertilizers specially developed for alkaline soils as it helps to decrease the pH value of soil. Ammonium sulfate is also used as an agriculture spray adjuvant for water-soluble pesticides. The surging demand for Ammonium Sulfate in various end-use applications drives market growth.
The spurting increase in almost all end-use industries leads to increased consumption of ammonium sulfate. Moreover, substantial R&D investments and technological advances escalate the market growth to furthered height. According to Market Research Future (MRFR), the Global Ammonium Sulfate Market is expected to garner a value of USD 616 MN by 2026, posting 5.52% CAGR during the assessment period (2016-2026).
Factors such as receding arable land, growing demand for nutrient-rich food, and development in the agricultural industry are major driving forces for the market growth. Additionally, increasing commercial applications of Ammonium Sulfate, such as pharmaceutical, food processing, animal feed, and textile dyeing, boost the market size.
The agricultural industry is the largest consumer market for Ammonium Sulfate. The use of ammonium sulfate in fertilizers improves the quality and yield of crop production, lowering the pH balance. On the other hand, fluctuating prices and the demand-supply gap in raw materials are some of the major factors predicted to impede the market growth.
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Players Leading the Global Ammonium Sulfate Market include Nutrien Ltd. (Canada), BASF SE (Germany), Royal DSM (The Netherlands), Sumitomo Chemical Co., Ltd. (Japan), OCI Nitrogen (The Netherlands), HELM AG (Germany), Evonik Industries AG (Germany), Honeywell International Inc. (US), Merck KGaA (Germany), DOMO Chemicals (Belgium), LANXESS (Germany), AdvanSix (US), Vertellus Holdings LLC (US), ArcelorMittal (Luxembourg), and GAC CHEMICAL (US), among others.
Global Ammonium Sulfate Market – Segments
The report is segmented into three dynamics.
By Product Type: Powdered, Granular, Crushed, and Crystalline Forms.
By Application: Industrial Use, Fertilizers, Pharmaceutical, Food & Beverage, Water Treatment, Textile Dyeing, and others.
By Regions: Americas, Europe, Asia Pacific, and Rest-of-the-World.
Global Ammonium Sulfate Market – Competitive Landscape
Highly Competitive, the Ammonium Sulfate Market appears fragmented due to the presence of several big and small players. Manufacturers rely on collaboration and partnerships with end-user industries to generate consistent business and to drive sustainable revenues. Bulk procurement of stock materials to gain economies of scale and achieve low production cost is being used. Ammonium Sulfate manufacturers are employing a variety of strategies to ensure high quality & consistency of the product.
Industry/ Innovation/ Related News:
July 21, 2020 —- PhosAgro (Russia), a fertilizer company, announced that it has increased total sales of its mineral fertilizers in the Russian market by 14.2% to 1.9 MN tonnes in 1H20. The company has reached this decision considering the boom in demand for mineral fertilizers in the first quarter. The market resumed its natural course at the end of the first half of the year, and further dynamics would depend on actual crop yields and the global food market trends. In 1H20, the company began delivering granulated Ammonium Sulfate, which is a new nitrogen-based sulfur-containing fertilizer.
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Global Ammonium Sulfate Market – Regional Analysis
Asia Pacific region dominates the Global Ammonium Sulfate Market. The large market share attributes to the surging demand in the fertilizer industry in the major agricultural economies such as India, China, Thailand, and Indonesia. Besides, the growing consumption of Ammonium Sulfate due to various government initiatives to increase crop output drives the regional market growth. Moreover, the increasing production and consumption of food grains, alongside the constant rise in population and the economy, substantiate the market growth. The APAC Ammonium Sulfate Market is projected to grow at 4.03% CAGR during the assessment period.
North America stands second in the Global Ammonium Sulfate Market. The market is majorly driven by the augmenting consumption of Ammonium Sulfate in the water treatment industry. Furthermore, spurting growth in market demand from end-use industries such as industrial use, pharmaceutical, food & beverage, and others substantiates regional market growth.
With its large Ammonium Sulfate production plants, the US contributes to the growth of the regional market majorly. The North American Ammonium Sulfate Market is estimated to grow at a substantial CAGR during the review period.
The European Ammonium Sulfate Market is projecting significant growth. Factors such as the expanding pharmaceutical sector, especially in Germany, the UK, France, and Italy, boost the regional market growth. Besides, the growing absorption of Ammonium Sulfate in the fertilizer and textile industries drives a considerable market demand in the region. The ammonium sulfate market in Europe is predicted to create a substantial revenue pocket during the assessment period.
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