Ammonium Sulfate Market to Grow with a CAGR of 5.78% through 2028
Versatile industrial applications of ammonium sulfate
across various sectors are expected to drive the Global Ammonium Sulfate Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “Ammonium
Sulfate Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Ammonium Sulfate Market stood at USD 3.01 billion in 2022 and is anticipated to grow with a CAGR of 5.75% in the
forecast period, 2024-2028. The global ammonium sulfate market is witnessing
significant growth, driven by a combination of factors that have made this
chemical compound indispensable in various industries, most notably
agriculture, industrial processes, and chemical manufacturing. With the world's population expected to reach 9
billion by 2050, ensuring food security has become a top priority. Ammonium
sulfate plays a crucial role in modern agriculture as a source of both nitrogen
and sulfur, essential nutrients for plant growth. Farmers across the globe use
ammonium sulfate as a fertilizer to enhance crop yields and improve the quality
of produce. As the demand for food continues to rise, so does the demand for
ammonium sulfate in agriculture.
Ammonium sulfate is not limited to agriculture; it is
widely used in various industrial processes. One of its primary applications is
as a flame retardant in the production of textiles, plastics, and paper.
Industries value ammonium sulfate for its ability to reduce the flammability of
materials, making them safer for consumers and complying with strict safety
regulations. Additionally, ammonium sulfate is employed in water treatment to
clarify water by coagulating impurities. These versatile industrial applications
ensure a steady demand for ammonium sulfate. Environmental concerns and
regulations have pushed industries to adopt greener practices. Ammonium sulfate
production, often a byproduct of other processes like caprolactam production or
flue gas desulfurization in power plants, aligns with sustainability goals.
This makes it an attractive option for industries seeking to minimize their
environmental impact. Furthermore, ammonium sulfate's low pH makes it ideal for
treating alkaline soils, reducing the need for excess lime, which can have a
detrimental environmental impact.
Emerging economies, particularly in Asia and Africa,
are experiencing rapid urbanization and infrastructure development. This has
led to increased construction activities and a growing demand for construction
materials. Ammonium sulfate is used in construction materials, such as gypsum
boards, as a flame retardant. As these regions continue to invest in
infrastructure, the demand for construction materials containing ammonium
sulfate is expected to rise.
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Beyond its traditional applications, researchers and
innovators are exploring new ways to use ammonium sulfate in sustainable ways.
For example, it is being investigated as a potential ingredient in energy
storage systems and as a source of nitrogen in biodegradable plastics. These
emerging applications could open up new markets and drive further demand for
ammonium sulfate.
The Global Ammonium Sulfate Market is segmented into Product,
Application, Regional Distribution, And Company.
Based on the Product, Solid emerged as
the dominant segment in the global market for Global Ammonium Sulfate Market in
2022. Solid ammonium sulfate is more convenient to handle and store compared to
its liquid counterpart. It is typically available in granular or crystalline
form, which is less prone to spillage, leakage, or evaporation. This ease of
handling makes it a preferred choice for farmers and industrial users, as it
simplifies transportation, storage, and application. Solid ammonium sulfate
allows for precise application, whether it's for agricultural or industrial
purposes. Granules or crystals can be spread evenly across fields or used in
manufacturing processes with high accuracy, ensuring that the intended amount
of ammonium sulfate is applied to achieve the desired results. Solid ammonium
sulfate has a lower water content compared to its liquid counterpart. As a
result, it is lighter, leading to reduced transportation costs per unit of
nutrient content. This cost efficiency makes it more attractive to farmers and
industrial users who are conscious of transportation expenses.
Based on the Application, the Fertilizers segment
emerged as the dominant player in the global market for Global Ammonium Sulfate
Market in 2022. Agriculture is the largest consumer of ammonium sulfate
globally. The compound is extensively used as a fertilizer to provide essential
nutrients, nitrogen, and sulfur to crops. Nitrogen is crucial for protein
synthesis and overall plant growth, while sulfur is vital for enzyme activation
and nutrient absorption. These nutrients are essential for maximizing crop
yields and improving the quality of agricultural produce. With the world's
population steadily growing and food security concerns escalating, the demand
for agricultural products continues to rise, consequently driving the demand
for ammonium sulfate in the form of fertilizers. Ammonium sulfate's acidifying
effect is beneficial for addressing alkaline soils, where pH levels are too
high for optimal plant growth. This acidification effect can improve soil
quality and nutrient availability, making it an indispensable tool for soil
management in many agricultural regions.
Asia-pacific emerged as the dominant player in the
global Ammonium Sulfate Market in 2022, holding the largest market share. Asia-Pacific is home to some of the world's most
populous countries, such as China and India. These nations have seen
significant growth in agricultural production to meet the food demands of their
large populations. As a result, there has been a substantial increase in the
use of fertilizers, including ammonium sulfate, to enhance crop yields. The
expansion of agricultural activities in the region has driven the demand for
ammonium sulfate as a key component of fertilizers. To address food security
concerns, many countries in the Asia-Pacific region have been focused on
improving crop yields and agricultural productivity. Ammonium sulfate's role as
a nitrogen and sulfur fertilizer is critical in achieving these objectives.
Farmers in the region have increasingly turned to ammonium sulfate to enhance
soil fertility and boost crop yields, contributing to its dominant market
position.
Apart from agriculture, Asia-Pacific's industrial
sector has been expanding rapidly. Ammonium sulfate finds applications in
various industrial processes, including chemicals, textiles, and electronics.
As industrialization in the region continues, the demand for ammonium sulfate
in industrial applications has also increased, contributing to its market
dominance.
Major companies operating in Global Ammonium
Sulfate Market are:
- BASF SE
- Evonik Industries
- Lanxess Corporation
- Novus International
- Sumitomo Chemical
- Honeywell International
- Royal DSM.
- Merck KGa
- LANXESS
- Domo Chemicals
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“The global
ammonium sulfate market is poised for substantial growth in the coming years.
Several factors contribute to this optimistic outlook. the world's population continues
to grow, driving increased demand for food and, consequently, fertilizers.
Ammonium sulfate's role in enhancing crop yields and soil quality aligns with
the needs of a burgeoning global agricultural sector. Additionally, the shift
toward sustainable and environmentally responsible farming practices is
boosting the demand for eco-friendly fertilizers like ammonium sulfate. Furthermore,
technological advancements in production processes are improving efficiency and
cost-effectiveness, making ammonium sulfate more accessible to a wider range of
consumers. Its versatility, both in agriculture and various industrial
applications, ensures a diverse and stable demand base..” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Ammonium Sulfate Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product
(Solid, Liquid), By Application (Fertilizers, Pharmaceuticals, Food & Feed
Additives, Water Treatment, Others) By Region and Competition”, has evaluated
the future growth potential of Global Ammonium Sulfate Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Ammonium Sulfate Market.
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