Ammonium Sulphate Market Size and Share By Industry Demand, Worldwide Research, Prominent Players, Emerging Trends, Investment Opportunities and Revenue Expectation till 2030

In a recent published report, Kenneth Research has updated the market report for Ammonium Sulphate Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ammonium Sulphate Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Global Ammonium Sulfate Market Analysis – 2018-2027

The Ammonium Sulphate Market is predicted to grow with a robust CAGR during the forecast period. Some of the significant factors that are anticipated to drive the market are the growing investments from the multinational companies in several nations worldwide to develop production facilities that can promote the production growth, backed by the rising need for chemicals from several end-user industries for different end-use purposes. According to the statistical report titled “Global Chemicals Outlook II”, published by the United Nations Environment Programme, the global chemical industry’s production capacity almost doubled to reach 2.3 billion tonnes in the year 2017 from 1.2 billion tonnes in the year 2000. Moreover, increasing spending on research and innovation (R&I) for the development of advanced chemicals is also anticipated to drive the growth of the market over the forecast period.

Ammonium sulfate is an ammonium salt used in the agricultural industry as a nitrogen fertilizer. There are several other commercial applications of ammonium sulfate, which includes applications in pharmaceutical, animal feed, food processing and textile dyeing amongst others. It is also used as a sulfur and nitrogen supplement in fertilizers. The global ammonium sulfate market is anticipated to record a CAGR of around 3% over the forecast period, i.e. 2018-2026.

Factors such as rising demand for fertilizers for production of crops, backed by the need to mitigate the challenge observed by farmers to cultivate crops in a limited arable land so as to meet the demand of food required by the increasing population around the world are some of the factors anticipated to drive the growth of the global ammonium sulfate market. Additionally, growing cultivation of rice around the world along with growing trends of the increasing use of bio-based fertilizers for cultivation are some of the factors anticipated to contribute significantly towards the growth of the global ammonium sulfate market. According to the statistics of the Food & Agricultural Organization (FAO) of the United Nations, an increase by 15856 thousand tonnes in the global demand for fertilizers is anticipated in-between the years 2016-2022.

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The global ammonium sulfate market consists of various segments that are segmented by product form, application and by region. The product form segment is further sub-divided into solid and liquid, out of which, the solid segment is anticipated to hold the largest market share by the end of 2027, backed by the increasing use of powdered and granular form of ammonium sulfate as fertilizers. The segment was further valued at around USD 2600 million in the year 2017 and is anticipated to attain an absolute $ opportunity of around USD 780 million in-between 2017 and 2026.

Based on region, the global ammonium sulfate market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Europe, which was valued at around USD 510 million in the year 2017 is anticipated to gain a CAGR of around 1.50% during the forecast period.

Some of the affluent industry leaders in the global ammonium sulfate market are Sumitomo Chemical Co. Ltd., Nutrien Ltd., Evonik Industries AG, Lanxess, HELM AG, Domo Chemicals, Merck KGaA, DSM, Honeywell International Inc. and BASF SE.

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