Ammonium Sulfate Market -Overview

The focus on improving the quality of farm produce is estimated to motivate the ammonium sulfate market. The market’s report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is estimated to gain a CAGR of 5.52% by the end of the forecast period in 2027.

The improved production capabilities of market players are estimated to spur the expansion of the market of ammonium sulfate in the forecast period. Moreover, improvement in the supply chain is estimated further to promote the development of the ammonium sulfate market.

Segmental Analysis

The segmental overview of the ammonium sulfate market is carried out on the basis of product type, application, and region. The product type segment of the ammonium sulfate market consists of solid and liquid. The region segment of the ammonium sulfate market consists of Asia Pacific, Middle East, North America, Europe, Latin America and Africa. The application segment of the ammonium sulfate market consists of water treatment, industrial, fertilizers, pharmaceutical, food & beverage, and textile dyeing.

Regional Overview

The regional study of the ammonium sulfate market consists of Asia Pacific, Middle East, North America, Europe, Latin America and Africa. The Asia Pacific region controls the chief market segment in the ammonium sulfate market. Its regional CAGR is anticipated to be the uppermost until 2027. The Asia Pacific region has the fastest increasing economy, especially due to national markets such as India and China, as these economies are facing rapid growth in their farming and agro-processing sectors, creating a huge demand for fertilizers. The government bodies in the Asia Pacific region are also moving in and endorsing friendly policies to the agricultural sector. The North American region’s ammonium sulfate market and the ammonium sulfate market in the European Union, on the other hand, are anticipated to see long-winded growth because the middle classes in these regions are decreasing rapidly. Their buying power is also falling rapidly, and it places less of a demand for more nutritious food on their farming segments.

Competitive Analysis

The collaborative efforts of the market contenders are expected to broaden the horizons for development in the foreseeable future. The measures being undertaken to ensure seamless functioning of the market is estimated to lay off in the long run. The market is projected to witness a period of turbulence with the impact of the pandemic on the workforce and the economy as a whole. The contenders in the market are likely to see aggressive competition in the coming years. The reimagined market structure is predicted to rely on a combination of robust online selling capabilities and a capable supply chain. The investment towards cutting-edge technology is anticipated to take a sharp surge with amplified funding accessibility. The formation of strong trade relations among several regions is forecasted to have a beneficial effect on growth. The focus on the client’s needs is estimated to be more important than before as changes in living standards can have a notable bearing on the popularity of certain market trends.

The central contenders in the ammonium sulfate market are BASF SE, Honeywell International Inc, Sumitomo Chemical Co., Ltd, Merck KGaA, Evonik Industries AG, and LANXESS, among others.

Industry Updates:

Apr 2021 AdvanSix a company, has specified that it will increase its longstanding leadership and expertise in ammonium sulfate and sulfur nutrition while making further opportunities for growth and competencies across the value chain. The company sees sustained demand for sulfur nutrition, and ammonium sulfate is confirmed to deliver pound-for-pound the most readily available sulfur and nitrogen to a wide assortment of crops, counting cotton, corn, wheat, and soybeans.

Feb 2021 The high call for natural gas feedstock and low availability, both stemming from cold weather, had triggered US fertilizer producers from Texas north to Nebraska to idle plants in the last week of Feb. Texas producers had shut down nitrogen production before the weekend and continued offline for most of the week. PCI Nitrogen discontinued ammonium sulfate production on 13 February and all other processes, together with its sulfuric acid plant, on 15 February. Nutrien’s Borger facility is offline though the manufacturer had considered resuming by the end of the week.

Oct 2020 NPHarvest is a process developed by Aalto University researchers that allows for the recovery of these nutrients to yield a clean ammonium sulfate solution, which can be consumed as fertilizer slurry rich in phosphorus and calcium. Utilizing the NPHarvest process to yield recycled fertilizer can save both energy and natural reserves, as it decreases nutrient discharges into waterways and cuts the quantity of energy and chemicals consumed by aeration and wastewater treatment procedures.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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