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Ammonium Sulfate Market on Path to Hit $5.99 Billion by 2029 at 9.6% CAGR
Ammonium Sulfate
Ammonium Sulfate Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size for ammonium sulfate has seen substantial growth in the past few years. The market is set to increase from a value of $3.88 billion in 2024 to $4.16 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. Factors such as economic growth, increased demand in agriculture, government subsidies, population expansion, and a surge in the chemical industry contributed to its growth in the historic period.
What Is the Expected CAGR for the Ammonium Sulfate Market Growth Through 2029?
In the coming years, the ammonium sulfate market is predicted to experience significant growth, potentially reaching $5.99 billion in 2029 with a compound annual growth rate (CAGR) of 9.6%. This expected increase over the forecast period can be credited to factors such as improved crop yields, stricter environmental regulations, concerns over food security, growth in the pharmaceuticals industry, and an increase in disposable income. Key trends expected during this forecast period include the use of biostimulants and micronutrients, the proliferation of personalized fertilizer blends and precision farming, as well as greater partnerships and collaborations, and a focus on sustainable farming practices.
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What Are the Primary Drivers Behind Ammonium Sulfate Market Growth?
The ammonium sulfate market is being propelled by the surging demand for agrochemicals. These chemicals are used on agricultural land to improve the nutrient content of the soil and foster crop growth by eradicating detrimental insects. Around the world, farming communities are turning to agrochemicals to enhance crop yield. Ammonium sulfate is the most frequently used agrochemical for alkaline soils, as it releases ammonium ions when applied to damp soil. This process generates a minimal amount of acid which helps to balance the soil's pH level. For instance, the Ministry of Commerce and Industry, a government department in India, reported that agrochemical exports rose to $4897 million in 2022 from $3579 million the previous year. Hence, the escalating demand for agrochemicals is predicted to spur the demand for ammonium sulfate in the upcoming period.
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What Are the Key Segments Driving Ammonium Sulfate Market Growth?
The ammonium sulfate market covered in this report is segmented -
1) By Product: Solid, Liquid
2) By Application: Fertilizers, Pharmaceuticals, Food and Feed Additives, Water Treatment, Other Applications
Subsegments:
1) By Solid: Granular Ammonium Sulfate, Prilled Ammonium Sulfate, Powdered Ammonium Sulfate
2) By Liquid: Liquid Ammonium Sulfate Solution, Ammonium Sulfate Fertilizer Solutions
What Are the Technological Trends Impacting the Ammonium Sulfate Market?
The surge in research and development initiatives represents a significant trend within the ammonium sulfate market. These endeavors focus on increasing efficiency in the manufacturing process of ammonium sulfate. Alto University in Finland, as an example, has spearheaded the NPharvest project through a series of partnerships. The NPharvest method facilitates the recovery of critical levels of nitrogen and phosphorus present in wastewater, transforming it into a phosphorus and calcium-rich slurry and a pure ammonium sulfate solution suitable for use as fertilizer. By applying the NPharvest process in the creation of recycled fertilizers, conservation of energy and natural resources is achievable through the reduction of nutrient discharge in water bodies and minimizing the use of chemicals and energy for aeration and wastewater processing.
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Who Are the Major Competitors in the Global Ammonium Sulfate Market?
Major companies 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
Which Region Dominates the Ammonium Sulfate Market Share in 2025?
Asia-Pacific was the largest region in the ammonium sulphate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ammonium sulfate market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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