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.
Ammonium Sulfate Market Key Players:
Market Research Future (MRFR) are recognizes Royal DSM (The Netherlands), Honeywell International Inc (US), BASF SE (Germany), Sumitomo Chemical Co., Ltd (Japan), Merck KGaA (Germany), Evonik Industries AG (Germany), LANXESS (Germany) as the key players in the global ammonium sulfate market.
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Ammonium Sulfate Market Segmentation:
The ammonium Sulfate market can be segregated on the basis of product, application, and region. Based on product, the market can be bifurcated into solid and liquid. Solid segment is anticipated to hold significant market share in the coming years. Manufacturers are expected to form solid particle of ammonium Sulfate in predetermined limits of screen sizes. They can be crushed, powdered, granular, processed, or crystalline. In addition, solid form of fertilizers can dissolve in water. On the contrary, liquid segment is anticipated to grow at CAGR of 2.59% from 2015 to 2022. Common liquid fertilizers can include nitrogen solutions, ammonium polyphosphate, and anhydrous ammonia.
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 Sulfate is likely to stimulate its use in fertilizers.
Ammonium Sulfate Market Regional Analysis:
Regional segmentation includes Asia Pacific, North America, Europe, Central America & South America, and Middle East and Africa. In 2018, Asia Pacific dominated the market and accounted for highest market share. In the coming years, countries such as India, China, Malaysia, Indonesia, Singapore, and Vietnam are anticipated to witness significant market growth. China is expected to account for 32.3% in 2018. Supportive initiatives from local governments to promote sustainable agricultural practices can fuel demand for ammonium Sulfate in the next few years.
In addition, North America also witnessed significant growth in product demand in the past few years. High prevalence of product suppliers and rising demand for nitrogen fertilizers is likely to stimulate market growth in this region.
Ammonium Sulfate Market Table Of Contents:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Ammonium Sulfate Market
Ammonium Sulfate Table Of Contents to be Continue……,
Ammonium Sulfate List Of Tables:
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Ammonium Sulfate, By Product Type, 2016‒2026 (USD Million)
Table 4 Global Ammonium Sulfate Market, By Product Type, 2016‒2026 (Kilo Tons)
Table 5 Solid: Global Ammonium Sulfate Market, By Region, 2016‒2026 (USD Million)
Ammonium Sulfate List Of Tables to be Continue……,
Ammonium Sulfate List Of Figures:
Figure 1 Global Ammonium Sulfate Market: Market Structure
Figure 2 North America Market Size & Market Share By Country (2018 Vs 2026)
Figure 3 Europe Market Size & Market Share By Country (2018 Vs 2026)
Figure 4 Asia Pacific & Market Share By Country (2018 Vs 2026)
Figure 5 Latin America Market Size & Market Share By Country (2018 Vs 2026)
Ammonium Sulfate List Of Figures to be Continue……,
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