Global Ammonium Sulphate Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global ammonium sulphate market in its upcoming report titled, “Global Ammonium Sulphate Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global ammonium sulphate market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027 The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global ammonium sulphate market report has been segmented on the basis of, and region.
Ammonium sulphate is a white odorless inorganic chemical compound which dissolves in water. This compound comprises of 24% sulphur as sulphate ions and 21% nitrogen in the form of ammonium ions and are majorly involved in the preparation of other ammonium salts. Its high solubility provides versatility for a number of agricultural applications. Ammonium sulphate is majorly used as a fertilizer, and as agricultural spray adjuvant for water dissolvable pesticides.
The major factor driving growth of the target market is increasing usage of ammonium sulphate in agriculture sector for the manufacturing of water soluble insecticides, herbicides and fungicides. In addition, increasing demand from various end user industries such as pharmaceuticals and biochemistry, and rising usage of ammonium sulphate as by-product for the production of nylon are other factors expected to support growth of the global ammonium sulphate market for the next ten years.
Also, ammonium sulphate also has other applications, such as it is used in cattle feed, in production of fire extinguishing powders, water treatment, and construction materials are other factors expected to drive growth of the global ammonium sulphate market.
However, owing to harmful properties of ammonium sulphate, excessive amount usage in farming applications may destroy the crop is a key factor restraining growth of the global ammonium sulphate market. Also, availability of substitute product in the target market is another factor expected to hamper growth of the global ammonium sulphate market over the forecast period.
Currently, the market in Asia Pacific is expected to dominate the global ammonium sulphate market in terms of revenue owing to increasing demand for ammonium sulphate from various industries in countries in the region. The market in North America is expected to account for second-highest revenue share in the global ammonium sulphate market, owing to high production and presence of several market players in countries in region.
Global ammonium sulphate market segmentation:
- Industrial use
- Chemical production
- Cattle feed
- Construction materials
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Novus International, Inc.
- Sumitomo Chemical Co., Ltd.
- Helm AG
- Evonik Industries AG
- ArcelorMittal S.A.
- Tereos S.A.
- Agrium Inc.
- Domo Chemicals GmbH
- Saudi Basic Industries Corporation
- Arkema Group
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