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Ammonium Sulfate Market Growth, Trends, Size, Share, Forecast to 2033
Ammonium Sulfate Market
Explosive Growth in Ammonium Sulfate Market Due to Rising Agrochemicals, Agriculture Demand, and Increasing Crop Yields.
What Is The Projected Market Size Of The Global Ammonium Sulfate Market And Its Growth Rate?
The ammonium sulfate market is experiencing robust growth in the recent years.
• The market size will grow from $3.88 billion in 2024 to $4.19 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%.
• The growth in the historic period can be attributed to economic growth, agriculture demand, government subsidies, population growth, and rise in the chemical industry.
• The market size is expected to see significant growth in the next few years, growing to $6.1 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%.
• The growth in the forecast period can be attributed to increasing crop yields, environmental regulations, food security concerns, rising pharmaceuticals sector, and rise in disposable income.
What Is Driving The Growth In The Ammonium Sulfate Market?
The growth in the ammonium sulfate market is driven by the increasing demand for agrochemicals. These chemicals enhance the soil's nutrient content, eliminate harmful insects, and promote crop development. Ammonium sulfate is widely used in alkaline soils, where it releases ammonium ions in moist soil, producing a small quantity of acid and reducing the soil's pH equilibrium. For instance, according to the Ministry of Commerce and Industry, an India-based government department, agrochemicals export increased from $3579 million in 2021 to $4897 million in 2022. Therefore, the rise in demand for agrochemicals is expected to boost the demand for ammonium sulfate during the forecast period.
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Who Are the Key Players Driving Ammonium Sulfate Market Growth?
Major players operating in the ammonium sulfate market include:
• Lanxess AG
• Arkema SA
• Sumitomo Chemical Co Ltd.
• DOMO Chemicals GmbH
• Evonik Industries AG
• Badische Anilin- & Sodafabrik SE
• GAC Chemical Corporation
• G. Frederick Smith Chemical Company
• Honeywell International Inc.
• DSM-Firmenich AG
• AdvanSix Inc.
• OCI Co Ltd.
• Nutrien Ltd.
• Rentech Inc.
• KuibyshevAzot PJSC
• UBE Industries Ltd.
• Toray Industries Inc.
• China Petrochemical Development Corporation
• China Petroleum & Chemical Corp (Sinopec)
• Solvay S.A.
• Grodno Azot OJSC
• Public Joint Stock Company
• PJSC Togliattyazot
• JSC EuroChem Mineral and Chemical Company
• PhosAgro
• Achema AB
• Dorogobuzh Public Joint Stock Company
• Jiangsu Huaihe Chemical Co Ltd.
• HELM AG
What Are The Key Trends In The Ammonium Sulfate Market?
Key trends in the ammonium sulfate market include:
• Biostimulants and micronutrients
• Customized fertilizer blends
• Precision agriculture
• Partnership and collaboration
• Sustainable agriculture practices
What Are The Segments Of The Global Ammonium Sulfate Market?
The global ammonium sulfate market is segmented by:
1) Product: Solid, Liquid
2) Application: Fertilizers, Pharmaceuticals, Food and Feed Additives, Water Treatment, Other Applications
Which Region Leads The Ammonium Sulfate Market?
Asia-Pacific was the largest region in the ammonium sulfate market in 2024 and it is expected to be the fastest-growing region in the forecast period. The review covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Ammonium Sulfate Market Global Market Report?
- Market Size Analysis: Analyze the Ammonium Sulfate Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ammonium Sulfate Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ammonium Sulfate Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ammonium Sulfate Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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