Global Ammonium Sulfate Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing fertilizer production, and increasing growth of pharmaceutical sector are contributing in the growth of Global Ammonium Sulfate Market.
Global Ammonium Sulfate Market is valued at USD 2.26 Million in 2021 and expected to reach USD 3.34 Million by 2028 with the CAGR of 5.72% over the forecast period.
Ammonium sulfate [(NH4)2 SO4] is an inorganic salt which is one of the first and most commonly utilized nitrogen (N) fertilizers for crop productivity. It's becoming less common, but it's especially useful when both nitrogen (N) and sulfur (S) are needed. Its high solubility allows it to be used in a variety of agricultural applications. Ammonium sulfate has a variety of applications in industry. The ammonium ion is released in the soil and generates a little quantity of acid, which lowers the pH balance while providing vital nitrogen for plant growth. Food companies regularly add ammonium sulfate to bread goods as a dough conditioner and it's also found in fire extinguisher powder and flame-retardants. In the chemical industry, wood pulp, textile, and pharmaceutical industries, it serves a variety of functions. The majority of ammonium sulfate demand is satisfied by by-products from numerous industries. Ammonium sulfate is a byproduct of the nylon manufacturing process. Certain ammonia-containing by-products and spent sulfuric acid are widely converted to ammonium sulfate for agricultural application.
Covid-19 pandemic has shown a negative impact on global ammonium sulfate market. Due to lockdown conditions various nations has led the temporary suspension of production, distribution and transportation of ammonium sulfate. This pandemic has affected many end-use industries where ammonium sulfate is used thus, its demand has shown a decline. During COVID-19 pandemic, deficiency in raw material supply is anticipated to hamper the production rate of ammonium sulfate, which adversely impacts the market development.
Global ammonium sulfate market is segmented on the basis of product, application and region & country level. Based upon product, global ammonium sulfate market is classified into solid and liquid. Based upon application, the market is divided into fertilizers, food additive, industrial, pharmaceutical, water treatment, textile and others.
The regions covered in this global ammonium sulfate market are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of global ammonium sulfate is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Major players in the global ammonium sulfate market are AdvanSix, ArcelorMittal BASF SE, Arkema, DOMO Chemicals GmbH, Evonik Industries AG, GAC Chemical Corporation, GFS Chemicals, Inc., Honeywell International Inc., Koninklijke DSM N.V., LANXESS, GSFC, Martin Midstream Partners L.P., Merck KGaA, Nutrien Ltd., OCI Nitrogen, Sumitomo Corporation Vertellus Holdings LLC, and others.
May 31st, 2016; Simplot used advanced technology to combine ammonium nitrate with ammonium sulfate to make ammonium nitrate-based fertilizer that is less detonable, more proficient and socially mindful. Simplot's FŪSN (26-0-0-14s) gives cultivators the capacity to improve farm production with fertilizer that is not difficult to utilize and empowers a solid return with clear agronomic advantages. The combining of nitrate and sulfate smothers the detonability of the nitrate while adding agronomic advantages, for example, enhancing plant take-up potential. Simplot's FŪSN is dry, granular homogenous manure that conveys nitrate and ammonium nitrogen and sulfate sulfur to the plant. The fused sulfate-nitrate compound likewise helps decline volatilization of surface-applied nitrogen. Simplot worked together with Honeywell on the new compost, utilizing Honeywell's Sulf-N26 manure innovation to develop the designing and assembling for this new item at Simplot's Lathrop, CA. office.
The market is largely driven by increasing production of fertilizers because ammonium sulfate is mostly used as a fertilizer for alkaline soils. According to the International Fertilizer Association, from 218 Mt in 2019 to 232 Mt NH3 in 2024, global ammonia capacity is projected to increase by 6% (a net 14.1 Mt NH3). Ammonia capacity is projected to grow fast in South Asia (led by India), Africa (primarily Nigeria and Egypt), and the EECA (Russia, Belarus and Uzbekistan). In addition, increasing agriculture production is also supplementing the growth of global ammonium sulfate market. According to the Food and Agriculture Organization, between 2000 and 2018, total primary crop production increased by nearly 50%, to 9.1 billion tones. Cereals account for approximately one-third of all crops produced in 2018, followed by sugar crops (24%), and vegetables (12%). Oil crops, fruit, and roots and tubers made for 9 to 11 percent of overall production. The rise in production is due to a combination of factors including greater irrigation, pesticides, and fertilizers, as well as, to a lesser extent, a larger planted area.
Furthermore, increasing FDA approval for ammonium sulfate as an acidity regulator and its recognition as E517 food additive are also fostering the growth of ammonium sulfate market. According to the Food and Administration (FDA), ammonium sulfate has been classified as a safe acidity regulator in bread and flours. It is often used as a dough conditioner and dough strengthener, and as an additive, it aids in managing the pH level of baked items.
However, high costs required for the production of ammonium sulfate and rising availability of substitutes like ammonium nitrate may hinder the growth of global ammonium sulfate market. In spite of that, growing use of ammonium sulfate in agriculture sector for manufacturing of water-soluble fungicides, insecticides and herbicides can offer more opportunities for the further growth of the global ammonium sulfate market.
Asia Pacific region is expected to show a lucrative growth in the global ammonium sulfate market due to the growing agriculture sector development and production, increasing consumption of fertilizers and rising use of ammonium sulfate in various applications in th8is region. According to the Fertilizer Association of India; by 2050, total fertilizer nutrient demand is expected to be over 60 million tons (45 million tons of chemical fertilizers and 15 million tons of organic and bio-fertilizers), compared to 34 million tones currently consumed (containing 27 million tons of chemical fertilizers and 7 million tons of organic and bio-fertilizers).
Europe is the next growth market for ammonium sulfate market due to the large agricultural area under cultivation, growing demand for fertilizers, and merger and collaboration of various organizations in this region. According to the European Environment Agency (EEA), 39% of the absolute land area in the region was occupied by agribusiness and grasslands in 2017. The EU has forced limitations on the utilization of nitrates, which is required to decidedly affect the interest for ammonium sulfate. As per the news published in 2017, the value of the fertilizer market reached EUR 17 billion. France, Germany and the UK, accounted for 40 % of the market. The volume of fertilizers used in the EU, represents 10 % of the total use at global level. For instance, in November 2019, Yara International have done a agreement to purchase Vale SA's fertilizer complex in Cubatao, Brazil this procurement will permit Yara to twofold its fertilizer production limit in Brazil to three million tons each year.
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 3385.1 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 4530.1 Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||AdvanSix, ArcelorMittal BASF SE, Arkema, DOMO Chemicals GmbH, Evonik Industries AG, GAC Chemical Corporation, GFS Chemicals, Inc., Honeywell International Inc., Koninklijke DSM N.V., LANXESS, GSFC, Martin Midstream Partners L.P., Merck KGaA, Nutrien Ltd., OCI Nitrogen, Sumitomo Corporation Vertellus Holdings LLC, and others|
|Segments Covered||By Product, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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