Future Analysis and Scope of Ammonium Sulfate Market to Drive Huge Growth between 2020 to 2029
Although most companies are facing a slowdown in business activities, companies in the India ammonium sulfate market such as the Fertilisers and Chemicals Travancore Limited or FACT have administered record profit despite the COVID-19 pandemic. Such findings are grabbing the attention of Indian manufacturers who are increasing efforts to ensure business continuity in fertilizer supply and additive supply. As such, third wave of the pandemic in India is exposing the vulnerability of chemical companies.
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Improved Ammonium Sulfate Formulations Help Sustainably Boost Crop Yield
The ammonium sulfate market is projected to reach the revenue of US$ 5.9 Bn by the end of 2031. However, there is a need to improve the efficiency of global land usage in order to sustain crop production for the ever-increasing global population. Industries AG - a stock-listed German specialty chemicals company is capitalizing on this opportunity to introduce blueSulfate®, which is helping to supplement the necessary sulfur levels and ammonium sulfate levels in the soil.
Manufacturers are innovating in dry and liquid formulations of ammonium sulfate to foster plant growth and increase crop yield through the creation of acidic soil. These formulations are also being used as animal feed additives.
Recognition by FDA Benefits Manufacturers Expanding Business in Food Additives
Apart from animal feed additives and fertilizers, chemical companies in the ammonium sulfate market are establishing stable revenue streams in the treatment of drinking water. SIEBTECHNIK TEMA - a specialist in the processing of mineral bulk solids is becoming known for its product portfolio for ammonium sulfate, which is being used in combination with chlorine for the treatment of drinking water to generate monochloramine for disinfection.
Ammonium sulfate is gaining popularity as an acid regulator in flours and breads. The recognition of the E517 food additive by the U.S. FDA (Food and Drug Administration) and the European Union are translating into business opportunities for manufacturers in the ammonium sulfate market. Manufacturers are focusing on reaction conditions to obtain crystal size ammonium sulfate, which is controlled by screening the particles to gain the desired size.
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