The global ammonium sulfate market is
expected to reach USD 3.44 billion by 2022, according to a new report by Grand
View Research, Inc. Growing fertilizers demand on account of growing population
and decreasing arable land is expected to remain a key driving factor for
global ammonium sulfate market. Shift in trend towards increasing crop yield by
increasing nutrient contents such as nitrogen and sulfur in soil is also
expected to have a positive influence on the market growth. Presence of
stringent regulatory norms particularly in developed markets of Germany,
France, UK and the U.S. are expected to remain a key challenge for market
participants.
Solid ammonium sulfate emerged as the
leading product segment and accounted for over three quarters of total demand
in 2014. Solid ammonium sulfate is also expected to witness highest growth of
2.45% from 2015 to 2022. Granular ammonium sulfate finds its application across
a wide range of end-use industries which has contributed towards its growth.
Browse full report by Grand View
Research :
Further key findings from the report suggest:
·
Global ammonium sulfate market demand 24.60
million tons in 2014 and is expected to reach 29.81 million tons by 2022,
growing at a CAGR of 2.43% from 2015 to 2022.
·
Fertilizer emerged as the leading
application segment and accounted for over 90% of total market volume in 2014.
Continuous increase in population coupled with need to increase cultivation
yield is expected to benefit the demand for ammonium sulfate in fertilizers.
Novel applications such as food additives are expected to witness the highest
growth of 2.90% from 2015 to 2022.
·
Asia Pacific was the leading regional
market with demand share estimated at 39.0% in 2014. Presence of a large
agriculture industry in China, India and South East Asian countries is expected
to remain a key driving factor for the regional market. The region is also
expected to witness the highest growth of 2.57% from 2015 to 2022.
·
Central and South America is expected to
witness significant growth to account over 17% of the global market by 2022.
Ammonium sulfate demand in Brazil is expected to rise over the forecast period
and have positive impact on the overall regional market.
·
Ammonium sulfate industry is fragmented
with presence of large number significant market players across the globe. Some
leading companies operating in the global market include DSM, Honeywell and
BASF. Other companies include Sumitomo Chemicals, Helm AG, Evonik Industries,
Domo Chemicals, AkzoNobel, Lanxess, Rentech and Agrium.
Browse more reports of this category by Grand View Research:
https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the
ammonium sulfate market on the basis of product, application and region:
Global Ammonium Sulfate Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
·
Solid
·
Liquid
Global Ammonium Sulfate Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
·
Fertilizers
·
Food Additives
·
Industrial Use
·
Others
Global Ammonium Sulfate Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022
·
North America
o U.S
o Canada
·
Europe
o Germany
o France
o UK
o Spain
o Italy
·
Asia Pacific
o India
o China
o Japan
o South Korea
·
Central & South America
o Brazil
·
Middle East and Africa
o Saudi Arabia
Access
press release by Grand View Research : https://www.grandviewresearch.com/press-release/global-ammonium-sulfate-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
