Press release
Global Ammonium Sulfate Market - Industry Trends and Forecast to 2028
The ammonium sulfate market is expected to witness market growth at a rate of approximately 3.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on ammonium sulfate market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The increase in the use for fertilizers is escalating the growth of ammonium sulfate market.
Ammonium sulfate refers to a chemical compound that is denoted as a type of inorganic salt with a wide range of commercial applications such as a fertilizer, a base material and also used in the production of different materials such as ammonium persulfate and also as fire extinguishing chemical. The product is usually produced as a by-product of caprolactam production. It is however also found in naturally occurring minerals.
The increase in the use of the product for reducing the acidity in alkaline soils as they have a high pH level, acts as one of the major factors driving the growth of ammonium sulfate market. The rise in the consumption of nitrogen-based fertilizers to increase crop yield owning to the rise in demand for food and the high demand of the product as a soil fertilizer because it contains nitrogen and sulfur accelerate the ammonium sulfate market growth. The rise in the preference for ammonium sulfate, for flooded soils used in rice cultivation as nitrate-based fertilizers are a poor choice because they lead to denitrification and leaching and various benefits of the product for the plant growth such as protein synthesis further influences the ammonium sulfate market. Additionally, growth in population, expansion of agriculture industry, research and development activities, surge in investment, growth in awareness regarding the benefits of the product and limited arable land positively affects the ammonium sulfate market. Furthermore, research and development to enhance the agrochemical extend profitable opportunities to the ammonium sulfate market players in the forecast period of 2021 to 2028.
On the other hand, the availability of substitute products such as urea, ammonium nitrate as fertilizers is expected to obstruct the ammonium sulfate market growth. The rise in the concerns relating to health of the individuals in close vicinity of the applicable area of ammonium sulfate is projected to challenge the ammonium sulfate market in the forecast period of 2021-2028.
This ammonium sulfate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ammonium sulfate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ammonium Sulfate Market Scope and Size
The ammonium sulfate market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• On the basis of product, the ammonium sulfate market is segmented into solid and liquid.
• On the basis of application, the ammonium sulfate market is segmented into fertilizers, food additives, industrial, pharmaceutical, textile, water treatment and others.
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