Global Ammonium Sulphate Market Overview:
Chemical compound ammonium sulphate is primarily used in fertilizers but is important in other industries as well. Moreover, it is not considered to be a highly hazardous to humans. Ammonium sulfate is also called diammonium sulfate or sulfuric acid diammonium salt, which is a white crystalline solid with no smell and tastes salty. Ammonium sulfate activates yeast, so it helps to get industrially produced bread to rise, and it’s a general kind of food additive. Finally, it plays an important role to developing vaccines during the purification process. They are mostly used as the fire retardants, fertilizers, insecticides and in medical field.
The Global Ammonium Sulfate Market is expected to grow at a CAGR of 4.6% during the forecast period.
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Global Ammonium Sulphate Market Drivers and Restraints:
The global ammonium sulfate market has a rapid growth due to the general declaration of the product as safe for human consumption as a food additive. Its growth increases with major portion and is anticipated to continue its rule in the market due to the exceptional ability offered by the product to control pH value of soil when used in smaller amounts. The increasing consumption of flour, bread and other products will tend to intensify the market share. Moreover, the increasing consumption of ammonium sulfate in flame retardants, textiles and leather products will further drive the demand for the global market. However, ammonium sulfate is potentially dangerous and cause severe irritation and inflammation of the respiratory tract if inhaled, which will be the major challenge faced by the market in the forecast period.
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Global Ammonium Sulphate Market Geographical Segmentation:
Geographically, Asia Pacific holds a major share of the market due to the growing consumption of ammonium sulfate in fertilizers, food additives, industrial, and others, and will continues its dominance in the forecast period. The North America region has witnessed a constant growth due to extensive consumption of ammonium sulfate in the end-use industries. European market has observed less growth due to abundant rules and regulations proposed by the government to avoid ammonium sulfate, as they may be deadly to human beings and environment.
Key Players Listed in this Global Ammonium Sulphate Market are:
BASF SE, Honeywell International, Koninklijke DSM N.V, LANXESS, UBE INDUSTRIES, OCI Nitrogen, KuibyshevAzot, DOMO CHEMICALS, JSC Grodno Azot, and GSFC among others.
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