(MENAFN- Ameliorate Digital Consultancy)
The global ammonium sulfate market was worth US$ 3.31 Billion in 2021, and is expected to reach US$ 4.9 Billion by 2032. As of 2022, the industry is forecast to reach US$ 3.43 Billion , representing an annual increase worth 3.7% from 2021. The market expected to grow at a compound annual growth rate of 3.6% between 2022 and 2032.
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The technological aspects in association with the Ammonium Sulfate Market give this research an additional edge over others. The estimates on future market size, market share, structure, and revenue are part of this discussion anticipated to help companies in the industry. The report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Analysis of upstream raw materials, downstream demand and current market dynamics is also performed here.
Key Takeaways of Ammonium Sulfate Market Study
Solid form of ammonium sulfate will maintain its share-wise dominance, capturing 80% market share along with a steady growth rate. Solid form of ammonium sulfate will grow 1.4X during the forecast period. By application, fertilizers are leaders in terms of market share with more than 74% of ammonium sulfate employed in fertilization of agricultural land. Fertilizers as a segment are anticipated to grow 1.5X during the forecast period. Water treatments offers lucrative growth opportunities with this segment set to grow at a healthy CAGR throughout the forecast period. Southeast Asia & Oceania account for more than 1/4th of market share on the back of agriculture intensive economies in this region. Europe is second in terms of market share with an equally promising growth rate as Southeast Asia & Oceania.
Pharmaceutical Applications Pave Way for Lucrative Opportunities
Pharmaceutical procedures employ ammonium sulfate as a cleaning agent during vaccination processes. The increasing expenditure on vaccination by millennial consumers on the back of health risks associated with deadly viruses will propel future growth of ammonium sulfate. A central figure in the scheme of things is the US which accounts for 1/3rd of all vaccinations in the world. Early adopters in this country are also form a part of ammonium sulfate demand from food & feed additives segment as they demand food products with lower pH levels and enhanced shelf-life. Developing economies in Southeast Asia will witness a surge in demand for agricultural products to cater to the rising food consumption trends. This demand for agricultural products will filter down to cause a spike in demand for ammonium sulfate.
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Fact.MR, in its new offering, provides an in-depth analysis of the global ammonium sulfate market, displaying data on historical demand (2014-2018) and forecast data for the period, 2019-2029. The study provides readers with essential insights on the ammonium sulfate market on the basis of form (solid and liquid), application (fertilizers, pharmaceuticals, food & feed additives, water treatment, and others), and across 6 key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
Global Ammonium Sulfate Market: In-Depth Assessment on Key Segments
Laxness Novus International Sumitomo Chemical Honeywell International Royal DSM Helm AG
The global ammonium sulfate market is segmented on the basis of form, application and region.
Form
Application
Fertilizers Pharmaceuticals Food & Feed Additives Water Treatment Others
Region
North America Latin America Europe East Asia South Asia & Oceania Middle East & Africa
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The report covers following Ammonium sulfate Market insights and assessment that are helpful for all participants involved in the Ammonium sulfate market:
Data on recently introduced regulations and their impact on key industries and on demand Ammonium sulfate Latest industry Analysis on Ammonium sulfate Market, with key analysis of market drivers, trends, and influencing factors Key trends Analysis of Ammonium sulfate Market and changing consumer preferences in major industries. Changing Ammonium sulfate demand and consumption of diverse products Major trends underlining funding by key investors in numerous countries New investment opportunities in diverse technology and product or service types Comprehensive data and Competitive analysis of Ammonium sulfate major players Ammonium sulfate Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery Ammonium sulfate demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
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