The global   ammonium sulfate market   size was valued at USD 8.20 billion in 2023 and is projected to grow from USD 8.58 billion in 2024 to USD 13.00 billion by 2032 at a CAGR of 5.3% during the forecast period. This information is published by Fortune Business Insights in its upcoming report, titled,   “Ammonium Sulfate Market Size, Share & Industry Analysis, By Form (Solid, Liquid), By Application (Fertilizer, cattle feed supplement, Others (pharmaceuticals, food processing, textile, etc.)) Others and Regional Forecast, 2024-2032.”

What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

Market Share and Segments

The ammonium sulfate market is segmented based on   product type ,   application , and   geography .

1. By Product Type

   • Solid Ammonium Sulfate : This segment dominates the market, as it is the most common form used in fertilizers. Solid ammonium sulfate accounts for over   70%   of the total market share due to its easy handling and storage.
   • Liquid Ammonium Sulfate : Although less prevalent, liquid ammonium sulfate is used in certain agricultural and industrial applications, accounting for about   30%   of the market.

2. By Application

   • Agriculture : The agriculture sector holds the largest share in the ammonium sulfate market, contributing to over   60%   of total demand. It is primarily used as a nitrogen-based fertilizer to improve crop yields.
   • Industrial Applications : Ammonium sulfate is used in various industrial processes, such as water treatment and in the production of flame retardants. This segment represents around   20-25%   of the market.
   • Food Additives : Ammonium sulfate is also used as a food additive, particularly as a dough conditioner and acidity regulator in baked goods. The food additive application accounts for around   10-15%   of market demand.
   • Pharmaceuticals : A smaller, yet growing segment, ammonium sulfate is used in the pharmaceutical industry for protein purification and crystallization processes, accounting for a minor share of the market.

DRIVING FACTORS

Increasing Mining Activities to Favor Growth

The growing mining activities to extract rare earth minerals is likely to drive the demand for advanced ammonium sulfate for the leaching process. According to the report by Minerals Make Life Organization, it is estimated that the U.S. mines produced raw materials worth USD 82.2 billion in 2018. In addition to this, the growing food and beverage sector propels the demand for the product as an emulsifier and thickening agent. These factors are expected to contribute to the global aluminum sulfate market growth in the forthcoming years.

REGIONAL INSIGHTS

Supportive Environmental Regulations in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global ammonium sulfate market during the forecast period. This is attributable to the supportive government initiatives regarding desulfurization plants that propel the production of advanced ammonium sulfate in the region.

The market in the Middle East and Africa is expected to showcase substantial growth backed by increasing focus on agricultural activities between 2019 and 2026.

COMPETITIVE LANDSCAPE

Product Launches by Major Companies to Consolidate Their Market Positions

The global market for ammonium sulfate comprises small, medium, and large companies striving to maintain their presence by focusing on introducing advanced ammonium sulfate products. Moreover, other key players are adopting organic and inorganic strategies to gain a major chunk of the market share and maintain their stronghold in the forthcoming years. 

Get More Information:   https://www.fortunebusinessinsights.com/ammonium-sulphate-market-102306

Industry Development:

• August 2019 – PhosAgro Group of Companies announced the expansion of its capacity at Cherepovets, Russia to manufacture 300 kilotons of ammonium sulfate annually. The expansion is expected to strengthen its position in the global marketplace.

List of the Companies Operating in the Global Market for Ammonium Sulfate:

• BASF SE
• Evonik Industries
• LANXESS AG
• Sumitomo Chemical Co., Ltd.
• Domo Chemicals
• Braskem S.A.
• China Petrochemical Development Corporation
• UBE INDUSTRIES, LTD.
• Viachem
• The Mosaic Company
• Others