According to a new report published by UnivDatos, the Ammonium Sulfate Market was valued at approximately USD 4.6 Billion in 2023 and is expected to grow at a robust CAGR of around 6.84% during the forecast period (2024-2032) owing to the increasing demand for agrochemicals, and taste-enhancing additives in the food industry primarily drives the market.

The ammonium sulfate market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the ammonium sulfate market. The market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the ammonium sulfate market at the global and regional levels.

Market Overview

The global market for ammonium sulfate is growing on account of growth in both agricultural and non-agricultural application areas. In agriculture, ammonium sulfate is used in fertilizer where both nitrogen and sulfur groups are required. Due to its sulfur content, it supports essential plant functions like protein synthesis whereas due to nitrogen content, it is preferred by rice farmers and they frequently apply it to flooded soils, since nitrate-based fertilizers are a poor choice due to denitrification losses. In non-agriculture areas, ammonium sulfate is commonly used in the food industry in bread making process in order to condition the dough. It also serves many purposes in the chemical, wood pulp, textile, and pharmaceutical industries. Therefore, being an important component of several industries, it is expected that the demand for ammonium sulfate would grow in the near future.

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The global ammonium sulfate market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·       Based on type, the market is categorized as dry and liquid. Of both, the dry category accounted for a significant share in the market as it is widely used in the fertilizer application which is one of the biggest consumers of ammonium sulfate. Further, dry ammonium sulfate is easily dissolvable in the water and odorless which is promoting its demand in various application areas

·       Based on application, the market is categorized into fertilizers, pharmaceuticals, food & feed additives, water treatment, and others. Among these, fertilizer accounted for a significant share in the market and is expected to maintain a strong position during the forecast period owing to a large and growing demand for crop protection chemicals among farmers. Since the agricultural industry witnessing increasing food demand, however, the availability of limited farmland is a daunting challenge for the global farming industry. Thus, it is expected that farmers will eventually increase the consumption of agrochemicals for higher yield, thereby increasing the demand for ammonium sulfate

Ammonium Sulfate Market Geographical Segmentation Includes:

·       North America (the United States, Canada, and the Rest of North America)

·       Europe (Germany, the United Kingdom, France, Italy, Spain, and the Rest of Europe)

·       Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)

·       Rest of the World

The large base of the agriculture sector of the Asia-Pacific helped the region to obtain a dominating position in the market. Regional demand for agrochemicals due to agriculture consumption is needed in order to feed the growing and already higher population. This in turn will boost the demand for ammonium sulfate. In addition, a large base of pharmaceuticals, food & beverage, and water treatment industries are further supporting the regional ammonium sulfate market.

Click here to view the Report Description & TOC: https://univdatos.com/reports/ammonium-sulfate-market

The major players targeting the market include

·       BASF SE

·       Evonik Industries AG

·       Lanxess AG

·       Sumitomo Chemical Co. Ltd.

·       Honeywell International Inc.

·       Domo Chemicals GmbH

·       Arkema S.A.

·       OCI N.V.

·       Fibrant BV

·       Aarti Industries Limited

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the ammonium sulfate market?

• Which factors are influencing the ammonium sulfate market over the forecast period?

• What are the global challenges, threats, and risks in the ammonium sulfate market?

• Which factors are propelling and restraining the ammonium sulfate market?

• What are the demanding global regions of the ammonium sulfate market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

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