Global Ammonium Sulfate Market Size To worth USD 6.38 Billion by 2033 | CAGR of 6.13%
Category: Chemicals & MaterialsGlobal Ammonium Sulfate Market Size To worth USD 6.38 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global ammonium sulfate market size was estimated at USD 3.52 Billion in 2023 and is expected to exceed USD 6.38 Billion by 2033, growing at a CAGR of 6.13% from 2023 to 2033.
Get more details on this report -
Browse key industry insights spread across 225 pages with 113 Market data tables and figures & charts from the report on the "Global Ammonium Sulfate Market Size, Share, and COVID-19 Impact Analysis, By Form (Solid, Liquid), By Production Process (Caprolactam, Coke Oven Gas, Gypsum, Neutralization, Others), By Application (Fertilizers, Water Treatment, Pharmaceuticals, Food, and Feed Additives, Other Applications), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/ammonium-sulfate-market
The ammonium sulfate market includes the production, manufacturing, and distribution of ammonium sulfate. This is a chemical compound mostly used in the agriculture sector as a fertilizer because of its high amount of nitrogen and sulfur ingredients. Which are important nutrients for the plant growth. It is a key element of the agriculture sector, particularly in areas with sulfur-deficient soil. Rising in population growth necessitates increased agricultural production and food intake, driving higher fertilizer usage. Ammonium sulfate plays a crucial role in enhancing soil quality and crop vitality in nitrogen-deficient regions. Government subsidies have further boosted fertilizer use in agriculture. The compound's importance extends beyond agriculture to industrial applications, such as water treatment plants where it controls pH and reduces scaling. Additionally, ammonium sulfate finds use in medications, fire suppressants, and food processing. The rising demand in both agricultural and industrial sectors underscore the compound's significance, contributing to market growth and highlighting the need for sustainable and efficient practices in its production and application.
However, ammonium sulfate has become vital for agricultural development and is currently being studied due to its environmental and health risks. It results in soil degradation, water pollution, and the release of greenhouse gases. As awareness grows, stricter regulations may hinder its market growth.
The solid held a major share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the form, the global ammonium sulfate market is divided into solid and liquid. Among these, the solid segment held a major share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. This segmental dominance is mainly driven by its widespread use in agriculture as a nitrogen and sulfur-based fertilizer that improves soil quality and promotes plant growth. Solid ammonium sulfate is preferred, especially for large-scale farming operations, as it is simpler to manage, store, and use. Due to its sturdy form, it excels at evenly and accurately distributing fertilizer.
The caprolactam secured largest share in 2023 and is anticipated to grow at a notable CAGR during the forecast period.
Based on the production process, the global ammonium sulfate market is divided into caprolactam, coke oven gas, gypsum, neutralization, others segments. In 2023, the caprolactam segment dominated the market and is expected to grow at a notable CAGR in the coming years. This dominance is due to caprolactam's extensive application in the manufacture of nylon, an essential synthetic substance. Ammonium sulfate, a byproduct from caprolactam production, is vital for the chemical industry, enhancing market leadership. The segment's extensive dominance is due to its substantial application and relevance in the industry.
The fertilizers held a dominant market position in 2023 and are anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the global ammonium sulfate market is classified into fertilizers, water treatment, pharmaceuticals, food and feed additives, and other applications. Among these, the fertilizers segment held a dominant market share in 2023 and is anticipated to grow at a notable CAGR during the forecast period. significant segmental growth is attributed to the essential function of nitrogen and sulfur fertilizers, which enhance soil quality and increase crop yield. Its abundant nutrient profile, providing vital nitrogen and sulfur for plant growth, makes it a popular choice in agriculture. To ensure strong crop yields and improve overall soil vitality.
Asia Pacific region is expected to hold the largest share of the global ammonium sulfate market during the forecast period.
Get more details on this report -
Asia Pacific region is expected to hold the largest portion of the global ammonium sulfate market during the forecast period. Rising need for nitrogen-based fertilizers and a surge in farming activities due to the high yield requirement. Efficient fertilizers based on ammonium sulfate are crucial for boosting food production in the region, which is quickly becoming more industrialized and densely populated. The utilization of ammonium sulfate is further boosted by government initiatives that encourage sustainable agricultural practices and improve soil health. Additionally, governmental programs and initiatives concerning fertilizers reduce their costs and enhance their popularity throughout the area, due to these factors region has secured its dominance in industry
Europe is anticipated to fastest growth during the forecasting period. This regional development is driven by conventional farming techniques alongside the rising adoption of sustainable agricultural practices. The advanced economies have driven consumer purchasing power, and the increasing consciousness regarding eco-friendly fertilizers is enhancing the sales of environmentally sustainable fertilizers like ammonium sulfate. Additionally, the government's rules aimed at reducing the use of harmful chemical fertilizers indirectly boost market growth throughout the region.
Major key players in the ammonium sulfate market include Domo Chemicals, J.R. Simplot Company, BASF SE, Sumitomo Chemical Co., Ltd., Arkema, Aarti Industries Ltd, Honeywell International Inc, Evonik Industries AG, Gujarat State Fertilizers & Chemicals Limited (GSFC), Novus International, Inc., AdvanSix Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
In June 2024, ATOME Energy completed the FEED study, paving the way for construction on the Villeta Project to begin by the end of the year. This effort is part of a broader initiative to promote environmentally friendly fertilizer production.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global ammonium sulfate market based on the below-mentioned
Global Ammonium Sulfate Market, By Form
- Solid
- Liquid
Global Ammonium Sulfate Market, By Production Process
- Caprolactam
- Coke Oven Gas
- Gypsum
- Neutralization
- Others
Global Ammonium Sulfate Market, By Application
- Fertilizers
- Water Treatment
- Pharmaceuticals
- Food and Feed Additives
- Other Applications
Global Ammonium Sulfate Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?