Potassium chloride (KCl), a metal halide salt composed of potassium and chlorine. KCl is used as a fertilizer, in medicine, in scientific applications, and in food processing.
The ammonium sulfate market size is expected to see strong growth in the next few years. It will grow to $5.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing crop yields, environmental regulations, food security concerns, rising pharmaceuticals sector, rise in disposable income. Major trends in the forecast period include biostimulants and micronutrients, customized fertilizer blends, precision agriculture, partnership and collaboration, sustainable agriculture practices.
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Segmentation & Regional Insights
The ammonium sulfate market covered in this report is segmented –
1) By Product: Solid, Liquid
2) By Application: Fertilizers, Pharmaceuticals, Food and Feed Additives, Water Treatment, Other Applications
Asia-Pacific was the largest region in the ammonium sulphate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ammonium sulfate market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing demand for agrochemicals is driving the ammonium sulfate market. Agrochemicals are chemicals applied on agricultural land to enhance the soil’s nutrient content and promote crop development by eliminating harmful insects. The agricultural communities across the globe are adopting to agrochemicals to increase the productivity of the crops. Ammonium sulfate is the most commonly used agrochemical for alkaline soils, since the ammonium ions are released when added to moist soil. As a result, a small quantity of acid is produced, reducing the soil’s pH equilibrium. Furthermore, it contributes nitrogen, which promotes plant growth. According to the report published by CARE Ratings, a credit rating, research and advisory committee, on agrochemicals industry in 2021, the technical grade agrochemical production increased by 11.9% in FY21. Thus, the rise in demand for agrochemicals is expected to boost the demand for ammonium sulfate during the forecast period.
Key Industry Players
Major companies operating in the ammonium sulfate market include Lanxess AG, Arkema SA, Sumitomo Chemical Co Ltd., DOMO Chemicals GmbH, Evonik Industries AG, Badische Anilin- & Sodafabrik SE, GAC Chemical Corporation, G. Frederick Smith Chemical Company, Honeywell International Inc., DSM-Firmenich AG, AdvanSix Inc., OCI Co Ltd., Nutrien Ltd., Rentech Inc., KuibyshevAzot PJSC, UBE Industries Ltd., Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corp (Sinopec), Solvay S.A., Grodno Azot OJSC, Public Joint Stock Company, PJSC Togliattyazot, JSC EuroChem Mineral and Chemical Company, PhosAgro, Achema AB, Dorogobuzh Public Joint Stock Company, Jiangsu Huaihe Chemical Co Ltd., HELM AG
The ammonium sulfate market report table of contents includes:
1. Executive Summary
2. Ammonium Sulfate Market Characteristics
3. Ammonium Sulfate Market Trends And Strategies
4. Ammonium Sulfate Market – Macro Economic Scenario
5. Global Ammonium Sulfate Market Size and Growth
…………….
31. Global Ammonium Sulfate Market Competitive Benchmarking
32. Global Ammonium Sulfate Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ammonium Sulfate Market
34. Ammonium Sulfate Market Future Outlook and Potential Analysis
35. Appendix
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