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Rising Popularity For Agrochemicals Fuel The Demand For Ammonium Sulfate Market During The Forecast Period || Lanxess, Arkema, Sumitomo Chemical, Domo Chemicals, Evonik Industries
Ammonium Sulfate Market
As per the ammonium sulfate market report by The Business Research Company, the increasing demand for agrochemicals is driving the ammonium sulfate market. Agrochemicals are chemicals applied on agricultural land to enhance the soil's nutrient content and promote crop development by eliminating harmful insects. The agricultural communities across the globe are adopting to agrochemicals to increase the productivity of the crops. Ammonium sulfate is the most commonly used agrochemical for alkaline soils, since the ammonium ions are released when added to moist soil. As a result, a small quantity of acid is produced, reducing the soil's pH equilibrium. Furthermore, it contributes nitrogen, which promotes plant growth.
The global ammonium sulfate market size grew from $3.3 billion in 2022 to $3.54 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The ammonium sulfate market size is expected to grow to $4.43 billion in 2027 at a CAGR of 5.7%.
Read More On The Ammonium Sulfate Market Report Here:
https://www.thebusinessresearchcompany.com/report/ammonium-sulfate-global-market-report
Major competitors in the ammonium sulfate market include Lanxess, Arkema, Sumitomo Chemical, Domo Chemicals, Evonik Industries, Helm AG, Honeywell International, BASF SE, AdvanSix, Fibrant, Ube Industries, OCI Nitrogen, Martin Midstream, and Gujarat State Fertilizers and Chemicals (GSFC).
The ammonium sulfate market is segmented -
• By Product: Solid, Liquid
• By Application: Fertilizers, Pharmaceuticals, Food and Feed Additives, Water Treatment, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the ammonium sulfate market.
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The ammonium sulfate market consists of sales of ammonium sulfate that is used as a food additive and as insecticide. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The Table Of Content For The Ammonium Sulfate Market Include:
1. Executive Summary
2. Ammonium Sulfate Market Characteristics
3. Ammonium Sulfate Market Trends And Strategies
4. Ammonium Sulfate Market - Macro Economic Scenario
5. Ammonium Sulfate Market Size And Growth
6. Ammonium Sulfate Market Segmentation
.....................
27. Ammonium Sulfate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ammonium Sulfate Market
29. Ammonium Sulfate Market Future Outlook And Potential Analysis
30. Appendix
The "Global Ammonium Sulfate Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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