Ammonium Sulfate Market Revenue, Key Opportunities, Latest Rising Trends, Industry Growth, Future Demand Report 2028
Global Ammonium sulfate Market is a
chemical compound, which is a type of inorganic salt with a wide range of
commercial applications as a fertilizer, as a base material and for the
production of different materials such as ammonium persulfate and also as fire
extinguishing chemical. It is generally produced as a by-product of caprolactam
production, although it is also found in naturally occurring minerals. Overall
growth of the manufacturing industry which utilizes the product in several
production operations is expected to drive the growth of the market Increasing
commercial applications of the product such as in pharmaceutical, food
processing, textiles, water treatment is expected to drive the growth of the
market Growing production of caprolactam and the manufacturing of ammonium
sulfate as a by-product of caprolactam is expected to propel the growth of the
market.
The increase in the use of the product for reducing the
acidity in alkaline soils as they have a high pH level, acts as one of the
major factors driving the growth of ammonium sulfate market. The rise in the
consumption of nitrogen-based fertilizers to increase crop yield
owning to the rise in demand for food and the high demand of the product as a
soil fertilizer because it contains nitrogen and sulfur accelerate the ammonium
sulfate market growth. The rise in the preference for ammonium sulfate, for
flooded soils used in rice cultivation as nitrate-based fertilizers are a poor
choice because they lead to denitrification and leaching and various benefits
of the product for the plant growth such as protein synthesis further
influences the ammonium sulfate market. Additionally, growth in population,
expansion of agriculture industry, research and development activities, surge
in investment, growth in awareness regarding the benefits of the product and
limited arable land positively affects the ammonium sulfate market.
Furthermore, research and development to enhance
the agrochemical extend profitable opportunities to the ammonium
sulfate market players in the forecast period of 2021 to 2028.On the other
hand, the availability of substitute products such as urea, ammonium nitrate as
fertilizers is expected to obstruct the ammonium sulfate market growth. The
rise in the concerns relating to health of the individuals in close vicinity of
the applicable area of ammonium sulfate is projected to challenge the ammonium
sulfate market in the forecast period of 2021-2028.
Ammonium sulfate Market is expected
to witness market growth at a rate of approximately 3.85% in the forecast
period of 2021 to 2028. Data Bridge Market Research report on ammonium sulfate
market provides analysis and insights regarding the various factors expected to
be prevalent throughout the forecast period while providing their impacts on
the market’s growth. The increase in the use for fertilizers is escalating the
growth of ammonium sulfate market. Ammonium sulfate refers to a chemical
compound that is denoted as a type of inorganic salt with a wide range of
commercial applications such as a fertilizer, a base material and also used in
the production of different materials such as ammonium persulfate and also as
fire extinguishing chemical. The product is usually produced as a by-product of
caprolactam production. It is however also found in naturally occurring
minerals.Global Ammonium Sulfate Market, By Product (Solid, Liquid),
Application (Fertilizers, Food Additives, Industrial, Pharmaceutical, Textile,
Water Treatment, Others), Country (U.S., Canada, Mexico, Brazil, Argentina,
Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia,
Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South
Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest
of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of
Middle East and Africa) Industry Trends and Forecast to 2028.
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Ammonium
Sulfate Market Scope and Size:
The ammonium sulfate market is segmented on the basis of
product and application. The growth amongst the different segments helps you in
attaining the knowledge related to the different growth factors expected to be
prevalent throughout the market and formulate different strategies to help
identify core application areas and the difference in your target
markets.
On the basis of product, the ammonium sulfate market is
segmented into solid and liquid.
On the basis of application, the ammonium sulfate market
is segmented into fertilizers, food additives,
industrial, pharmaceutical, textile, water treatment and others.
Market
Competitors:
The major players covered ammonium sulfate market report
are BASF SE, DOMO Chemicals GmbH, Honeywell International Inc., Evonik
Industries AG, LANXESS, Sumitomo Corporation, Koninklijke DSM N.V.,
ArcelorMittal, Nutrien Ltd., GSFC, Arkema, OCI Nitrogen, Merck KGaA, AdvanSix,
Vertellus Holdings LLC, Martin Midstream Partners L.P., GAC Chemical
Corporation, GFS Chemicals, Inc. among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific
(APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts
understand competitive strengths and provide competitive analysis for each
competitor separately.
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What will be the Market Size and Growth Rate in the
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Ammonium Sulfate Market?
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