Ammonium Sulfate Market is expected to grow at a CAGR of 8.2% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Ammonium Sulfate Market size was valued at USD 4.1 billion in 2023 growing at a CAGR of 8.2% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Ammonium Sulfate Market size accounted for USD 4.1 Billion in 2023, growing at a CAGR of 8.2% from 2023 to 2033. Ammonium sulfate is an inorganic salt with the chemical formula (NH₄)₂SO₄. It is commonly used as a fertilizer, providing a source of both nitrogen and sulfur for plant nutrition. The compound appears as a white or off-white crystalline solid with no odor.

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The demand for fertilizers, including ammonium sulfate, is influenced by global trends in agriculture. Population growth, changing dietary habits, and the need for increased food production drive the demand for efficient fertilizers. Environmental regulations that limit sulfur emissions have influenced the demand for sulfur-containing fertilizers like ammonium sulfate. Agriculture practices must adhere to regulations, and ammonium sulfate provides a sulfur source without contributing to sulfur emissions. Factors such as the availability of raw materials, production costs, and market demand play a role in shaping the market for ammonium sulfate. Prices may be influenced by these factors.

Key Players
Some of the major Ammonium Sulfate Market players holding high market shares include BASF SE; Evonik Industries; and Lanxess Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Novux International; Sumitomo Chemical; Honeywell International

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Segmental Analysis
Based on product, the Ammonium Sulfate market is segmented into Solid and liquid. The largest segment in the Ammonium Sulfate market based on product is Solid. This is because solid ammonium sulfate is a more stable and easier-to-transport form of the product. Liquid ammonium sulfate is more expensive and can be more corrosive, making it less popular.
Based on Application, the Ammonium Sulfate market is a fertilizer, Pharmaceuticals, Food and feed Additives, Water Treatment, and Others. The largest segment in the Ammonium Sulfate market based on application is Fertilizers. This is because ammonium sulfate is an excellent source of nitrogen and sulfur, two essential nutrients for plants. Ammonium sulfate is also relatively inexpensive and easy to apply, making it a popular choice for farmers.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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