Ammonium Sulfate Market Insights:
In a recent research report by Market Research Community, the ammonium sulfate market is expected to surpass USD 4.90 Billion by the year 2030, from USD 2.69 Billion in 2021.
An inorganic, water-soluble salt made up of sulfur and nitrogen is commonly known as ammonium sulfate. The mixture is designed for widespread usage as fertilizer in the agricultural sector. Due to high nitrogen content, ammonium sulphate is the most frequently used supplement for soil and lawns that lack nitrogen. Additionally, the product can mix readily with nitrogen fertilizers, improving the fertilizer's usefulness and stability.
As per the studies liquid form of ammonium sulphate is considered as non-toxic, stable, and non-hazardous and is offered for sale in the form of a pale yellowish solution. In applications for treating water, liquid ammonium sulfate solution is frequently utilized. The market for liquid ammonium sulfate (LAS) is expected to expand significantly as a result of the identification of alternatives to LAS, such as anhydrous or aqueous ammonia as hazardous and requiring adherence to a complex set of rules for their transport and handling. As a reliable and efficient source of ammonia for chloramination, this kind of sulfate is commonly employed.
In terms of volume, Europe occupied the major share in 2021. The demand for fertilizers used in the development of different crops is the factor responsible for the ammonium sulfate market growth. Regulating the use of synthetic fertilizers in the area is being done by numerous entities. Due to a surge in demand for premium ammonium sulfate-based fertilizers utilized in the healthy growth of the primary crops, which include soybeans, grapes, sunflower seeds, and wheat, Central and South America are predicted to have a revenue-based CAGR of 6.9% over the projected period. further, Argentina, Bolivia, Dominica, Paraguay, and Belize are among the Central and South American nations where the agriculture industry contributes 50% of the GDP.
The ammonium sulfate market is projected to grow at a significant pace reaching a CAGR of approximately 6.9%, over the forecast period of 2022–2030, despite a considerable fall in Product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by Product (Solid, Liquid), by Application (Fertilizers, Pharmaceuticals, Food Feed Additives, Water Treatment, Others), to forecast the ammonium sulfate market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including BASF SE; Evonik Industries; Lanxess Corporation; Novux International; Sumitomo Chemical; Honeywell International
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