Exploring the Growing Demand and Trends in the Ammonium Sulphate Market


Posted September 22, 2023 by ChemAnalystResearch

According to ChemAnalyst report, “Global Ammonium Sulphate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries
 
According to ChemAnalyst report, “Global Ammonium Sulphate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032” The Global Ammonium Sulphate market is anticipated to grow at a CAGR of 3.47% during the forecast period Until 2032 and reach 21.5 million tonnes in 2022 due to major demand from the Agriculture Industry, Pharmaceuticals, and Food & Feed Additives end-use industries.

The agricultural sector is a significant driver of the ammonium sulphate market. Farmers and agricultural practitioners are recognizing the importance of ammonium sulphate as a cost-effective and efficient fertilizer. The compound provides essential nitrogen and sulfur to plants, promoting healthy growth and improved yield quality. Additionally, its low cost and ease of handling make it a popular choice among farmers.

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As sustainability and environmental consciousness become more prominent, ammonium sulphate's role as an environmentally friendly fertilizer is gaining traction. It minimizes nitrogen leaching into groundwater and reduces adverse environmental impacts. This aspect aligns with the growing global awareness of sustainable farming practices, further propelling the demand for ammonium sulphate.

Moreover, ammonium sulphate finds extensive application in the chemical industry. It serves as a fundamental ingredient in various chemical processes, including the production of other fertilizers, fire-retardant materials, pharmaceuticals, and food additives. The versatility of ammonium sulphate positions it as a critical component in chemical manufacturing, ensuring a steady market demand.

Geographically, the Asia-Pacific region has emerged as a dominant player in the ammonium sulphate market. The burgeoning population in countries like China and India has amplified the need for food production, driving the demand for fertilizers such as ammonium sulphate. Furthermore, government initiatives and support for sustainable agriculture are fostering the market growth in this region.

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According to ChemAnalyst report, “Global Ammonium Sulphate Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, Major players in the Global Ammonium Sulphate market are Nutrien, BASF SE, OCI Fertilizer Group, AdvanSIx, Royal DSM, Thai Caprolactam Public Co., Ltd, UBE Chemical Europe, S.A.U., Misr Phosphate Company, Honeywell International, Egyptian financial and Industrial SAE, LanXess A.G, DOMO Caproleuna GmbH, and Others.

“Ammonium Sulphate is a useful chemical which is rich in nitrogen and sulphur which is used to manufacture fertilizers which further lower the pH balance of the soil in alkaline soils and make them fertile for cultivation. The rising demand of fertilizers to replenish soil, increase yield of the crops, as a step-towards sustainable farming is mainly driving the ammonium sulphate- based fertilizers. Currently, Asia Pacific is the leading consumer of ammonium sulphate and owing to the rapidly growing population demanding more crops which will most likely create more demand for ammonium sulphate and offer potential opportunities for Ammonium Sulphate market players to expand their production capacities in the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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Tags ammonium sulphate market , chemanalyst
Last Updated September 22, 2023