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What Are The Predictions For The Global Ammonium Sulfate Market Size, And Growth Rates?
The ammonium sulfate market has exhibited strong growth in recent years, escalating from $3.88 billion in 2024 to an expected $4.19 billion in 2025, marking a compound annual growth rate (CAGR) of 7.9%. This impressive growth in the historic period is attributable to various factors including economic growth, rising agriculture demand, government subsidies, population growth, and a burgeoning chemical industry.
Future projections for the ammonium sulfate market remain robust, with expectations to soar to $6.1 billion in 2029 at a CAGR of 9.8%. This anticipated growth in the forecast period can be tied to increasing crop yields, tightening environmental regulations, mounting concerns over food security, a booming pharmaceuticals sector, and a general rise in disposable income.
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What Are The Key Factors Fueling Growth In The Ammonium Sulfate Market?
A key driver fueling growth in the ammonium sulfate market is the surge in demand for agrochemicals. Worldwide, agricultural communities are increasingly turning to agrochemicals to enrich soil nutrients, mitigate harmful pests, and thereby enhance crop quality and yield. Ammonium sulfate proves particularly instrumental in this endeavour due to its efficacy in reducing the pH balance of alkaline soils. With exports of agrochemicals rising, as demonstrated in India, the rising demand for these products is expected to further boost the market for ammonium sulfate.
Which Are The Primary Segments In The Ammonium Sulfate Market?
The market report extensively covers the ammonium sulfate market segmented by:
1) Product: Solid, Liquid
2) Application: Fertilizers, Pharmaceuticals, Food and Feed Additives, Water Treatment, Other Applications
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Which Are The Major Players In The Ammonium Sulfate Market?
Key companies influencing the ammonium sulfate market include Lanxess AG, Arkema SA, Sumitomo Chemical Co Ltd., DOMO Chemicals GmbH, Evonik Industries AG, Badische Anilin- & Sodafabrik SE, GAC Chemical Corporation, G. Frederick Smith Chemical Company, Honeywell International Inc., DSM-Firmenich AG, AdvanSix Inc., OCI Co Ltd., Nutrien Ltd., Rentech Inc., KuibyshevAzot PJSC, UBE Industries Ltd., Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corp (Sinopec), Solvay S.A., Grodno Azot OJSC, Public Joint Stock Company, PJSC Togliattyazot, JSC EuroChem Mineral and Chemical Company, PhosAgro, Achema AB, Dorogobuzh Public Joint Stock Company, Jiangsu Huaihe Chemical Co Ltd., HELM AG.
What Are The Major Trends In The Ammonium Sulfate Market?
Research and development activities are emerging as a significant trend in the ammonium sulfate market, with the goal of enhancing the efficiency of the production process. An example of this lies in the NPharvest project developed by Finland-based Aalto University, which recovers high levels of nitrogen and phosphorus from wastewater for use in fertilizers.
What Is The Regional Overview Of The Ammonium Sulfate Market?
In 2024, the largest region in the ammonium sulfate market was Asia-Pacific, and it is expected to remain the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Ammonium Sulfate Market Report 2025 Offer?
Ammonium sulfate is a widely used, odorless, white solid known for its application as soil fertilizer, along with uses in food additives, wood preservation, and various other sectors. The Ammonium Sulfate Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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