Ammonium Sulfate Market Trends

  • Report ID: 6205
  • Published Date: Jun 18, 2024
  • Report Format: PDF, PPT

Ammonium Sulfate Market Trends

Growth Drivers

  • High demand for agrochemicals - Ammonium sulfate is an acidic fertilizer that acts quickly and is most effective on alkaline soils. Alkaline soil and ammonium-deficient soil can be re-fertilized with a nitrogen concentration of 20–25%. The need for food crops will rise as a result of population growth, which will propel the agrochemicals industry higher.

    In 2020, the Food and Agriculture Organization (FAO) projects that around 160,492 million tonnes of ammonia would be used as fertilizer. Ammonium sulfate demand is expected to rise as a result of farmers using more nitrogen-containing fertilizers to boost crop yields.
     
  • Escalating demand for nylon fibers - Ammonium sulfate is a byproduct of caprolactam, which is primarily utilized in the manufacture of nylon fibers, and coke oven operations. The increasing demand for nylon fibers in the making of carpets, fishing nets, industrial fabric, and textiles has led to a rise in caprolactam production.

    However, it is anticipated that product consumption will expand slowly, leading to an overstock in the in the upcoming years. The product's price has decreased as a result of this aspect. The global output of nylon, or polyamide, was 6.21 million metric tons in 2022.

Challenges

  • Harmful impact on the environment - Chemical and artificial components, which stimulate plant growth, are composed of fertilizers and a variety of agricultural inputs. In the long term, however, they are also detrimental to the environment.
     
  • Toxic for humans - The human is considered to be harmful to ammonium sulfate. Due to dust and aqueous aerosol inhalation, product exposure could result in serious respiratory infection at the place of processing, manufacture, or transport.

    Diarrhea and long-term eye and lung damage may result from repeated contact with the skin. The expansion of the market is projected to be hampered by these obstacles.

Ammonium Sulfate Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7%

Base Year Market Size

USD 3.2 billion

Forecast Year Market Size

USD 21 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 6205
  • Published Date: Jun 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of ammonium sulfate was over USD 3.2 billion.

The market size for ammonium sulfate is projected to cross USD 21 billion by the end of 2036 expanding at a CAGR of 7% during the forecast period i.e., between 2024-2036.

The major players in the market are Royal DSM, Honeywell International, Novus International, Lanxess Corporation, Evonik Industries, Domo Chemicals, and others.

The ammonium sulfate segment is anticipated to garner a share/size of 80% during 2024-2036.

The Asia Pacific ammonium sulfate sector is poised to hold a 35% share by the end of 2036.
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