The global ammonium
sulfate market is expected to reach USD 3.44 billion by 2022,
according to a new report by Grand View Research, Inc. Growing fertilizers
demand on account of growing population and decreasing arable land is expected
to remain a key driving factor for global ammonium sulfate market. Shift in
trend towards increasing crop yield by increasing nutrient contents such as
nitrogen and sulfur in soil is also expected to have a positive influence on
the market growth. Presence of stringent regulatory norms particularly in
developed markets of Germany, France, UK and the U.S. are expected to remain a
key challenge for market participants.
Solid ammonium sulfate emerged as the leading product
segment and accounted for over three quarters of total demand in 2014. Solid
ammonium sulfate is also expected to witness highest growth of 2.45% from 2015
to 2022. Granular ammonium sulfate finds its application across a wide range of
end-use industries which has contributed towards its growth.
Browse full research report on Ammonium Sulfate Market: https://www.grandviewresearch.com/industry-analysis/ammonium-sulfate-market
Further
key findings from the report suggest:
- Global ammonium sulfate market demand 24.60 million tons in 2014
and is expected to reach 29.81 million tons by 2022, growing at a CAGR of
2.43% from 2015 to 2022.
- Fertilizer emerged as the leading application segment and accounted
for over 90% of total market volume in 2014. Continuous increase in
population coupled with need to increase cultivation yield is expected to
benefit the demand for ammonium sulfate in fertilizers. Novel applications
such as food additives are expected to witness the highest growth of 2.90%
from 2015 to 2022.
- Asia Pacific was the leading regional market with demand share
estimated at 39.0% in 2014. Presence of a large agriculture industry in
China, India and South East Asian countries is expected to remain a key
driving factor for the regional market. The region is also expected to
witness the highest growth of 2.57% from 2015 to 2022.
- Central and South America is expected to witness significant growth
to account over 17% of the global market by 2022. Ammonium sulfate demand
in Brazil is expected to rise over the forecast period and have positive
impact on the overall regional market.
- Ammonium sulfate industry is fragmented with presence of large
number significant market players across the globe. Some leading companies
operating in the global market include DSM, Honeywell and BASF. Other
companies include Sumitomo Chemicals, Helm AG, Evonik Industries, Domo
Chemicals, AkzoNobel, Lanxess, Rentech and Agrium.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand
View Research has segmented the ammonium sulfate market on the basis of
product, application and region:
Global
Ammonium Sulfate Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012
- 2022)
- Solid
- Liquid
Global
Ammonium Sulfate Application Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022)
- Fertilizers
- Food
Additives
- Industrial
Use
- Others
Global
Ammonium Sulfate Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Asia Pacific
- India
- China
- Japan
- South Korea
- Central &
South America
- Brazil
- Middle East
and Africa
- Saudi Arabia
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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