Ammonium Sulfate s Market - Global Ammonium
Sulfate s Industry Growth, Analysis, Size, Share, Forecast, Outlook,
Segmentation, Production Capacity, Competitive Strategies, Regional Outlook
from 2012-2022
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Segmentation, Ammonium Sulfate s Market To 2022
The
global ammonium sulfate market is projected to touch a valuation of USD 3.44
billion by 2022, finds Grand View Research, Inc. Ammonium sulfate (AS) is an
inorganic salt known for its use as a soil fertilizer. Its applications include
cattle feed supplement, food processing, mining of earth metals, water
treatment, and pharmaceuticals.
The
market for ammonium sulfate is expected to reach around 29.81 million tons by
2022, growing at a 2.43% CAGR from 2015 to 2022. Rising population is expected
to impel the demand for fertilizers and food. This, in turn, is predicted to
drive market growth over the forecast period (2012 to 2022). The need to
increase crop yield by focusing on the nutritional content is anticipated to
influence market demand. Strict norms regarding production can pose a market
challenge.
Full Research Report On Ammonium Sulfate
Market Analysis: https://www.grandviewresearch.com/industry-analysis/ammonium-sulfate-market
The
development of granular, food-grade, and premium grade ammonium sulfate is
expected to open up new avenues for producers. The establishment of plants to
produce ammonium sulfate will be beneficial to farmers who use it as a source
of nitrogen for their plants. For instance, ThyssenKrupp started a new plant in
2017 to produce AS in granular form rather than its crystalline or liquid form.
Similarly, the Great Plains Synfuels plant by the Dakota Gasification Company
started its operations in 2018 to cater to demand for urea. Extraction of rare
elements and reduced levels of carbon dioxide with the help of AS are the avenues
yet to be explored.
The
ammonium sulfate market is segmented by product, application, and region. By product,
the market is bifurcated into liquid and solid. Major applications include
industrial use, food additives, fertilizers, and others.
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Regions
covered in the market report include Central and South America (CSA), North
America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC). CSA is
anticipated to capture over 17% share of the global market by 2022 due to high
demand from Brazil. The North America market may enjoy a steady growth during
the same period due to high usage of ammonium sulfate in baked goods and
confectioneries. Manufacturers in the market are focused on producing granular
high-quality AS and vaccines to cater to various industries.
The
APAC region had dominated the ammonium sulfate market with more than 35% share
in 2014. Government initiatives to increase crop yield via sustainable farming
techniques is expected to augment market from 2015 to 2022. Countries such as
Vietnam, Indonesia, and Malaysia are anticipated to experience good growth
during the forecast period. The China market is driven by the increased use of caprolactam
required for ammonium sulfate production. Demand for coke-oven gas (COG) and
emission based production methods from Africa are other factors that may bode
well for the market. Although, the import tariffs on goods have deterred
product sales in the U.S., India, and Mexico, sales continue to see an uptick
in Africa.
The
Europe market is predicted to witness a steady growth rate due to increased use
of AS in maintaining lawns and home gardens. In addition, its use as a baking
additive can lead to constant demand over the forecast period. The MEA market
is anticipated to experience windfall due to high demand for aluminum from South
Africa. Producers in South Africa are using AS to extract aluminum from South
African coal fly ash via a thermochemical process.
Key
players operating in the global ammonium sulfate market include BASF Antwerpen;
Royal DSM; Domo Chemicals NV; Sumitomo Chemical Co., Ltd.; and Honeywell
International Inc. Partnerships and collaborations are some of the major
strategies used by most players to maintain their foothold in the market. For
instance, in 2015, Royal DSM formed ChemicalInvest to become one of the leading
suppliers of caprolactam and further streamline the production supply chain.
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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.
For more information: https://www.grandviewresearch.com/
