Ammonium Sulfate Market Overview:
Ammonium Sulfate is composed of sulfate and ammonium ions that offer excellent solubility and pH value when used in a smaller amount. The global ammonium sulfate market has been driven by the range of its application in various sectors such as fertilizers, food additives, industrial use and others. Moreover, it is estimated that the fertilizers segment is set to witness the highest growth in the market due to the growing consumption of ammonium sulfates in this sector over the forecast period.
Ammonium Sulfate Market, the solid segment is the leading product in the market because of growing consumption in crushers and hammers in industrial sectors. The fertilizer segment holds a major portion and is anticipated to continue its rule in the market due to the exceptional ability offered by the product to control pH value of soil when used in smaller amounts. This segment is also used in alkaline soils as the product can be easily absorbed by plants. It is projected that the food additive segment is set to grow at a higher CAGR owing to its growing consumption as acidity regulator for flours & bread. Moreover, the industrial segment is estimated to witness a rapid growth in the market due to the increasing consumption of ammonium sulfate in flame retardants, textiles and leather products.
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Ammonium Sulfate Market Key Players:
Some of the major players functioning in the global ammonium sulfate market are BASF SE (Germany), Honeywell International Inc. (U.S.), Koninklijke DSM N.V. (the Netherlands), LANXESS (Germany), UBE INDUSTRIES, LTD (Japan), OCI Nitrogen (the Netherlands), KuibyshevAzot (Russia), DOMO CHEMICALS (Belgium), JSC Grodno Azot (Belarus), and GSFC (India) among others.
Ammonium Sulfate Market Segmentation:
Ammonium Sulfate Market is segmented into the product and application. On the basis of the product, the market is further categorized into solid and liquid segments. Among these, the solid segment holds a majority of the market share due to its water-soluble ability and can be obtained as finely crushed particles. It is predicted that the liquid segment is set to grow at a moderate rate due to its limited use in the end-use industries. The market by application is further categorized into fertilizers, food additives, industrial, and others.
Among these, the fertilizers segment accounts for major share of the market owing to growing popularity of nitrogen sulfate in agriculture, textiles, coatings, and other sectors. The growing adoption of additives in food & beverages is set to grow at a higher CAGR in the market as they provide exceptional taste to the product. Moreover, the industrial segment is estimated to witness a significant growth in the market due to increasing demand for fertilizers in agriculture and others.
Ammonium Sulfate Market Regional Analysis:
The global ammonium sulfate market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major portion of the global market and is anticipated to continue its dominance due to the rising demand for ammonium sulfates in various applications. Countries such as China, Japan, and India are the major players in this region. The North America region is estimated to witness a stagnant growth in the U.S., Canada, and Mexico owing to the disadvantages of the product such as toxic characteristics. The growing innovation in research & development activities and technological advancement has driven the manufacturers to use less sulfur content product in the end-use industries. Owing to these factors, the market is likely to witness a positive growth in Germany, the U.K, and Italy.
The North America region has witnessed a stagnant growth due to extensive consumption of ammonium sulfate in the end-use industries. The presence of toxic materials in the product has propelled countries such as the U.S., Canada, and Mexico to achieve a moderate growth in the market as they are hazardous to human beings. Moreover, it is predicted that growing sulfate deficient soils in the region are likely to drive the market during the forecast period.
The Middle East & Africa is estimated to observe a significant growth due to increasing consumption of fertilizers in agriculture, textiles, industrial and others. Additionally, the increasing demand for ammonium sulfate in major industries is projected to boost the market in the Latin American region.
Ammonium Sulfate Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Ammonium Sulphate Market
Ammonium Sulfate Table of Content to be Continue……,
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Ammonium Sulfate Market Overview: