Report ID: 10085591 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Ammonium Sulfate Market Highlights Over 2022-2031
The global ammonium sulfate market is estimated to grow at a ~6% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 3.0 billion in 2021. The growth of the market can be attributed to the rise in the utilization of fertilizers in the agriculture sector. As per the World Bank, global fertilizer consumption has increased to 136.8 kilograms per hectare of arable land in 2018 from 71 kilograms per hectare of arable land in 1976. Moreover, the property of getting easily dissolved in the water and blending with other fertilizers is anticipated to surge the growth of the global ammonium sulfate market.
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The COVID-19 pandemic had a negative impact on the global ammonium sulfate market. Furthermore, the supply of raw materials was disturbed owing to the restrictions imposed by the government. In addition, there was a decrease in the demand for ammonium sulfate from the customers and a decline in the supply from the manufacturers.
The global ammonium sulfate market is segmented by product type into liquid and solid. Out of these, the solid segment is anticipated to hold the largest share over the forecast period in the global ammonium sulfate market. This can be attributed to its dissolving property that can be easily mixed with many options available, such as crystals, powder, granules, capsules, and others. Moreover, there has been an increase in the demand for ammonium sulfate for fertilization purposes by farmers.
Global Ammonium Sulfate Market Regional Synopsis
Regionally, the global ammonium sulfate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the rise in the demand for fertilizers in the agriculture sector. Moreover, countries such as India and Sri Lanka consider agriculture under the primary sector in their economy. As per the World Bank, in India, fertilizer consumption has increased from 175 kilograms per hectare of arable land in 2018 to 2.2 kilograms per hectare of arable land in 1961. In addition, there has been increasing in the demand for food crops owing to the rise in the percentage of the population in countries such as China and India which is anticipated to boost the demand for fertilizers. Moreover, the government is providing subsidies to the people working in agriculture that is further expected to drive the growth of the ammonium sulfate market in the Asia Pacific region.
Market Segmentation
Our in-depth analysis of the global ammonium sulfate market includes the following segments:
By Application
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Pharmaceuticals
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Fertilizers
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Water Treatment
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Food & Beverages
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Others
By Product Type
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Liquid
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Solid
Growth Drivers and Challenges Impacting the Growth of the Global Ammonium Sulfate Market
Growth Drivers
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Rise in the utilization of fertilizers in the agriculture sector
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Dissolvable and blending property of ammonium sulfate
Challenges
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Harmful effect on the health of humans
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Side effect of ammonium sulfate on the environment
Key Companies Dominating the Global Ammonium Sulfate Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global ammonium sulfate market that are included in our report are Merck KGaA, Evonik Industries AG, Honeywell International Inc., BASF SE, LANXESS, NOVUS INTERNATIONAL, Sumitomo Chemical Co., Ltd., EuroChem Group, ArcelorMittal, Fibrant., and others.
Latest Developments in the Global Ammonium Sulfate Market:
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5 May 2022: Evonik Industries AG launched its Applied Technology Center in Brazil, Sao Paulo, Americana to provide new facilities that will expand local capabilities for developing biocompatible solutions for sustainable agriculture.
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7 July 2021: Fibrant, and DSM announced the task completion of major reduction in CHG emission by July 2021 through implementing several technology improvements.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Frequently Asked Question
The market is segmented by product type, application, and by region.
The solid segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
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Report ID: 10085591 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
