Ammonium Sulfate Market - Global Industry Report, 2030 Knowpia

Ammonium Sulfate Market: Overview

Ammonium sulfate is an inorganic sulfate salt produced artificially during the reaction of two equivalents of ammonia with sulfuric acid
Ammonium sulfate is widely used as nitrogen fertilizer for alkaline soil to enhance crop yields
It is also used as flame retardants, food additives, and purifying protein. Furthermore, it is used to produce ammonium salts (including ammonium persulfate).
Ammonium sulfate is also used in cattle feed supplements, industrial chemicals, and pharmaceutical applications

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Rise in Demand for Aluminum Sulfate in Fertilizers Industry to Drive Market

Rise in demand for nitrogen-based fertilizers in order to increase crop yield due to rising demand for food is expected to drive the demand for ammonium sulfate in the near future
Ammonium sulfate is widely used as soil fertilizer, as it contains sulfur and nitrogen. It is used to moderate acidity in alkaline soils. Ammonium sulfate is preferred for rice cultivation in flooded soils instead of nitrate-based fertilizers, as they could lead to leaching and denitrification.
Increase in demand for ammonium sulfate in food additive and pharmaceutical industries is also driving the demand for ammonium sulfate. Ammonium sulfate is categorized as a safe acidity regulator in bread and flours by the U.S. Food and Drug Administration (FDA).
Rise in supply of ammonium sulfate and limited consumption of the product may cause oversupply in the marketplace. This is anticipated to lower the price of ammonium sulfate. In turn, this is projected to hamper the global ammonium sulfate market during the forecast period.
The ammonium sulfate market is facing supply-demand shortages due to the industrial shutdown caused by the COVID-19 outbreak. The industrial shutdown implemented as a measure to curb the spread of the disease has led to a stoppage in the manufacture of caprolactam. This is hampering the production of ammonium sulfate.
Ammonium sulfate is produced as a byproduct of coke oven processes and caprolactam. Caprolactam is used in the manufacture of nylon fibers. Increase in demand for nylon fibers boosted the production of caprolactam..

Solid Product Type Segment to Offer Lucrative Opportunities

Based on product type, the global ammonium sulfate market can be bifurcated into solid and liquid
The solid segment is anticipated to dominate the market during the forecast period. Solid ammonium sulfate has higher purity and is preferred in the pharmaceutical industry.
The liquid grade is widely used in water treatment and fertilizer industries. It is considered a stable and effective source of ammonia for chloramination.

Fertilizers Application Segment to Hold Major Share of Market

Based on application, the ammonium sulfate market can be divided into fertilizers, pharmaceuticals, food & feed additives, wastewater, and others
The fertilizers segment held major share of the market in 2019. This trend is expected to continue during the forecast period. Rise in demand for food grains due to growth in population has led to an increase in agricultural production. This is also propelling the demand for various agrochemicals including fertilizers.

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Asia Pacific to Constitute Significant Share of Global Market

In terms of region, the global ammonium sulfate market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Asia Pacific dominated the global market in 2019. Demand for ammonium sulfate is estimated to be driven by increase in consumption of nitrogen-based fertilizers. Rise in population and growth in food grain consumption has boosted the consumption of agricultural commodities in the region.
Expansion of agricultural area under cultivation in Europe is likely to augment the ammonium sulfate market in the region. Restrictions imposed by the EU on the consumption of nitrates is likely to boost the demand for ammonium sulfate in the region in the near future.

Key Players in Market

The global ammonium sulfate market is fragmented, with several regional and global manufacturers operating in the market. Prominent players operating in the market are investing in research and development of advanced products in order to maintain their leading position. Companies make long-term supply contracts in order to maintain their position in the market.

Key players operating in the global ammonium sulfate market include:

Amresco Inc.
BASF SE
Domo Chemicals
Martin Midstream
General Chemical
GFS Chemicals Inc.
Honeywell
Royal DSM Others

Global Ammonium Sulfate Market: Research Scope

Global Ammonium Sulfate Market, by Product Type

Solid
Liquid

Global Ammonium Sulfate Market, by Application

Fertilizers
Pharmaceuticals
Food & Feed Additives
Wastewater
Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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