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Ammonium Sulphate Research:CAGR of 3.0% during the forecast period

Published: 2024-09-16

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Industry: Chemical & Material

Ammonium Sulphate

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report “Ammonium Sulphate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

Ammonium Sulphate is an inorganic chemical compound with the chemical formula (NH4)2SO4. It contains 21 percent nitrogen in the form of ammonium ions and 24 percent sulfur as Sulphate ions. The purified material takes the form of white granules or crystals. It is commonly used as a fertilizer and as an agricultural spray adjuvant for water soluble pesticides. It is also used in the preparation of other ammonium salts.

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https://www.qyresearch.com/reports/2160135/ammonium-sulphate

Ammonium Sulphate Market Summary

According to the new market research report “Global Ammonium Sulphate Market Report 2024-2030”, published by QYResearch, the global Ammonium Sulphate market size is projected to reach USD 12.82 billion by 2030, at a CAGR of 3.0% during the forecast period.

Global Ammonium Sulphate MarketSize(US$ Million), 2019-2030

Above data is based on report from QYResearch: Global Ammonium Sulphate Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

Global Ammonium Sulphate Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Above data is based on report from QYResearch: Global Ammonium Sulphate Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Ammonium Sulphate include BASF, AdvanSix, Fibrant, LANXESS, Sinopec, UBE, KuibyshevAzot, Interoceanic Corp, Nutrien, JSC Grodno Azot, etc. In 2023, the global top 10 players had a share approximately 35.0% in terms of revenue.

Ammonium Sulphate,Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Ammonium Sulphate Market Report 2024-2030.

In terms of product type, currently Caprolactam by-Product Production Route is the largest segment, hold a share of 51.1%.

In terms of product application, currently Fertilizer is the largest segment, hold a share of 93.5%.

Market Drivers:

Growing fertilizer consumption across agriculture-based economies is expected to drive the demand for the product over the forecast period. In soil, the product breaks into ammonia, sulfur dioxide, nitrogen, and water. Nitrogen and ammonia are used by plants to make amino acids, while sulfur is required for metabolism.

The increasing adoption of ammonium sulfate from the industrial sector for various applications, including wood preservation, NMR spectroscopy, water treatment, feedstock chemical, flame retardants, and others, is expected to drive the demand.

Additionally, the use of ammonium phosphate as a food and feed additive is likely to bolster market growth. It is usually employed as an acidity regulator in flours and pieces of bread, while in feed production, it is used to induce enzyme production and to remove the high levels of potassium present in vinasse, which further enhances the quality of feed.

Restraint:

Ammonium sulfate is considered toxic for human health. It is acutely toxic in nature but can be fatal if exposed to humans for a longer-term. It is also a known skin and eye irritant and environmental hazard to the aquatic ecosystem. These factors are expected to hamper the growth of the market.

The Russian-Ukrainian war has driven up energy prices in Europe and around the world. Significant increase in manufacturing costs.

Affected by the expansion of global caprolactam production capacity, the production capacity of by-product ammonium sulfate has increased significantly, increasing market competition

Opportunity:

Global market is the consumption of products in fertilizers as the chemical contains nitrogen and sulfur. It is mainly used for reducing the acidity of alkaline soils as they have a high pH level. The product contains nitrogenous elements, along with sulfur, which is used for protein synthesis in plants. The product is also largely preferred for flooded soils used in rice cultivation as nitrate-based fertilizers are a poor choice as they could lead to denitrification and leaching.

Asia Pacific held the largest volume share in 2023. The growth is attributed to the increase in demand for fertilizers used in the agriculture sector in the region, which in turn, will boost the demand for ammonium sulfate. Agriculture is a primary sector in many of the economies in this region such as India, Bangladesh, and Sri Lanka. Although the growth of the agriculture sector is comparatively slow, constant innovations in the field are projected to create substantial growth opportunities for various fertilizers to be used in agriculture.

The ammonium sulfate industry is adopting sustainable production practices, such as using renewable energy sources and reducing carbon emissions, to reduce their environmental impact and meet regulatory requirements.

The ammonium sulfate industry is witnessing consolidation, with companies acquiring smaller players to expand their product portfolios and increase their market share.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Ammonium Sulphate market is segmented as below:

By Company

    BASF
    AdvanSix
    Fibrant
    LANXESS
    UBE
    Nutrien
    KuibyshevAzot
    Interoceanic Corp
    Domo Chemicals
    JSC Grodno Azot
    GSFC
    Ostchem
    Sinopec
    Shenma Group
    Luxi Chemical Group
    Meijin Energy

Segment by Type

    Coke-Oven Gas Production Route
    Caprolactam by-Product Production Route
    Others

Segment by Application

    Fertilizer
    Mining
    Food Additive
    Others

Each chapter of the report provides detailed information for readers to further understand the Ammonium Sulphate market:

Chapter 1: Introduces the report scope of the Ammonium Sulphate report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Ammonium Sulphate manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Ammonium Sulphate market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Ammonium Sulphate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Ammonium Sulphate in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Ammonium Sulphate competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Ammonium Sulphate comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Ammonium Sulphate market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:

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