Ammonium Sulphate Market Emerging Trends, Size, Share and Growth Analysis by 2032
A recently published study by FMI expects the global ammonium sulphate market to augment at a 7.5% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 6.18 Billion is expected for the market. The demand for ammonium sulphate is growing owing to its increasing usage in the agricultural sector. Moreover, application of ammonium sulphate has found a place in the biopharmaceutical and cake and confectionery industries too. This, in turn, is positively influencing the growth of ammonium sulphate market.
From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 5% and closing at US$ 2.79 Billion. The COVID-19 pandemic affected the demand for ammonium sulphate positively as the same is widely used in the production of disinfectants and surface cleaners. In addition, modification of ammonium sulphate for maximizing the use of the same is creating opportunities for the market.
The increasing use of ammonium sulphate in Europe for water retention purposes and for agriculture in Asia Pacific is further contributing to the market growth. Furthermore, the use of ammonium sulphate for wood preservation and soil retention is favoring the growth of the market. In the upcoming years, the dependency on ammonium sulphate is expected to increase by end user industries owing to its multi-purpose use.
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Key Takeaways from the Market Study
By production process, caprolactam is expected to hold 40% market share for ammonium sulphate in 2022.
North America is expected to hold 45% for ammonium sulphate market in 2022.
Asia Pacific is expected to possess 40% of market share for global ammonium sulphates market in the assessment period 2022-2032.
Europe is expected to procure 35% of market share for ammonium sulphates market in the forecast period 2022-2032.
"The increasing use of ammonium sulphate in end user industries especially in the agricultural sector by different geographical locations is increasing the demand for the same." says an FMI analyst
Market Competition
Key players in the ammonium sulphate market are Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries Ltd, Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC "Grodno Azot", Grupa Azoty, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd, Sumitomo Chemical, Evonik Industries AG
In August 2022, JSC "Grodno Azot" announced that it will be partially limiting the production of nitrogen fertilizer due to the increase in prices of natural gas.
DOMO Chemicals, a key player in the ammonium sulphate market is focusing on producing the same sustainable and reducing their overall carbon footprint.
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global ammonium sulphate market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Production (Process Caprolactam, Coke Oven Gas, Gypsum, and Neutralization & Others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
About the Chemical and Material Division at FMI
The chemicals & materials team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Key Segments Profiled in the Ammonium Sulphate Market Industry Survey
Ammonium Sulphate by Production Process:
Ammonium Sulphate for Caprolactam
Ammonium Sulphate for Coke Oven Gas
Ammonium Sulphate for Gypsum
Ammonium Sulphate for Neutralization & Others
Ammonium Sulphate by Region:
North America Ammonium Sulphate Market
Latin America Ammonium Sulphate Market
Europe Ammonium Sulphate Market
Asia Pacific Ammonium Sulphate Market
Middle East & Africa Ammonium Sulphate Market
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