Ammonium Sulfate Market Overview:
The global ammonium sulfate market is estimated to be valued at USD 4,430.0 Mn by 2026 and is expected to register a CAGR of 3.11% during the forecast period. Growing need for arable land to increase crop yield owing to increase in population is anticipated to propel demand for ammonium Sulfate. It is used in agriculture as soil fertilizer to improve root strength in crops. The inorganic salt facilitates natural conversion of nitrates into proteins during breakdown of organic matter. In addition, it is also used as an effective alternative to acetic acid or vinegar when acid dye is applied to silk or wool. Unlike acetic acid or vinegar, ammonium Sulfate does not boil off when steamed or hot. Thereby, it provides stronger colors to the fabric being dyed.
By application, the fertilizer segment accounted for 87.8% of the global market share in 2017 and is expected to register a substantial CAGR during the review period.
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The growth of the industrial use segment is driven by wide applications of ammonium sulfate in fire extinguisher powder, flame retardant, and in the production of persulfates and metals. The growth in the number of manufacturing industries has a strong correlation with the index of industrial production, which is largely driven by economic activities. The economic reforms and strong industrial growth in emerging countries such as Malaysia, Thailand, Indonesia, India, and China are expected to propel the demand for ammonium sulfate. The industrial use segment is estimated to reach a value of USD 210.4 million by the end of the review period.
Ammonium Sulfate Market Segmentation:
Based on application, the market can be classified into food additives, fertilizers, industrial use, and others. Fertilizers segment dominated the market and it is accounted for largest market share. The segment is anticipated to witness a healthy CAGR of 3.25% to reach USD 3932 million by 2026. Presence of both nitrogen and sulfur in ammonium sulphate is likely to stimulate its use in fertilizers. In addition, food additives segment is also likely to grow well in the coming years. Use of ammonium sulphate in baked products such as muffins, steamed buns, pita, pasta, and noodles can control pH factor. Increasing number of bakeries and confectionary shops owing to changing food preferences among consumers can foster product demand.
On the contrary, industrial use of ammonium sulphate is likely to decline owing to presence of organic compounds which can act as air pollutant when exposed to air, water, and land.
Ammonium Sulfate Market Regional Analysis:
On the contrary, in Central and South America, the prices of ammonium sulphate are expected to fall owing to uncertain political landscape and volatility in local rates. In addition, intra-regional taxes and duties can also affect price of product. However, prices can increase in the coming years owing to expansion in plantation area and development of infrastructure in the region. Increasing number of import activities for ammonium sulphate owing to high product demand can support price hike during the forecast period.
Some of the leading companies offering ammonium sulphate are Novus, Domo Chemicals, Evonik, Royal, and Helm AG. Most companies are likely to invest in R&D activities to manufacture innovative products. To handle price fluctuation of ammonium sulphate, companies are expected to adopt advanced measures such as mothballing of capacity and temporary curtailments of production. Such measures can lead to price drop of ammonium sulphate at global level.
Ammonium Sulfate Table Of Contents to be Continue……,
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