According to the report by Expert Market Research (EMR), the global Ammonium Sulfate Market Size is projected to grow at a CAGR of 2.3% between 2024 and 2032. Aided by the growing agricultural sector and the rising demand for fertilisers, the market is expected to grow significantly by 2032.
Ammonium sulfate, a chemical compound with the formula (NH4)2SO4, is primarily used as a fertiliser for alkaline soils. It releases ammonium ion and sulphate ion upon dissolving in water, which helps lower the pH balance of the soil, thereby supporting plant growth. Besides its agricultural applications, ammonium sulfate is also used in pharmaceuticals, food additives, and water treatment processes.
The key driver of the ammonium sulfate market demand is the expanding agricultural sector globally. With the increasing population and the consequent rise in food demand, farmers are consistently seeking efficient fertilisers to enhance crop yield, thereby propelling the demand for ammonium sulphate. Additionally, its effectiveness in acidifying soil conditions makes it a preferred choice in regions with alkaline soils.
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Innovation in the production process of ammonium sulphate is a notable trend in the market. Manufacturers are exploring environmentally friendly and cost-effective methods to produce high-quality ammonium sulfate. The compound’s application extends beyond agriculture into pharmaceuticals, where it is used in vaccine production, and into the food industry as a dough conditioner and acidity regulator.
Asia-Pacific holds a significant portion of the ammonium sulfate market share, attributed to the large agricultural base in countries like China and India. North America and Europe also contribute notably to the market, supported by advanced agricultural practices and the presence of key market players.
Despite its growth, the market faces challenges such as environmental concerns related to the use of chemical fertilisers and the fluctuating prices of raw materials. However, the future outlook remains positive, with the increasing demand for efficient fertilisers and ongoing research in environmentally sustainable production methods expected to drive market growth.
The global ammonium sulfate market outlook is being influenced by the agricultural sector, playing a significant role in enhancing crop yields and soil fertility. With the ongoing developments in production methods and the rising demand in agriculture and other industries, the market is poised for substantial growth, making a crucial impact on global food production and sustainability.
Ammonium Sulfate Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Solid
- Liquid
Market Breakup by Application
- Fertilisers
- Pharmaceutical
- Food and Feed Additives
- Water Treatment
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Ammonium Sulfate Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ammonium sulfate market. Some of the major players explored in the report by Expert Market Research are as follows:
- Lanxess AG
- Evonik Industries AG
- Sumitomo Chemical Co., Ltd.
- Honeywell International Inc.
- Helm AG
- Others
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