The global ammonium sulphate market is poised for significant growth, projected to expand at a 7.5% CAGR from 2022 to 2032, reaching a valuation of USD 6.18 billion by the end of the forecast period. This growth is primarily driven by the increasing demand for ammonium sulphate in the agricultural sector, where it is widely used as a nitrogen fertilizer to enhance crop yield. In addition, the compound is finding applications in the biopharmaceutical industry, as well as in the cake and confectionery sectors, further boosting its market demand. These diverse applications are playing a key role in the positive trajectory of the ammonium sulphate market.
The increasing use of ammonium sulphate in Europe for water retention purposes and for agriculture in Asia Pacific is further contributing to the market growth. Furthermore, the use of ammonium sulphate for wood preservation and soil retention is favoring the growth of the market. In the upcoming years, the dependency on ammonium sulphate is expected to increase by end user industries owing to its multi-purpose use.
Ammonium Sulphate Market Growth Drivers
- Increasing Demand in Agriculture: Ammonium sulphate is widely used as a nitrogen fertilizer, promoting higher crop yields, which drives its demand in the agriculture sector.
- Rising Agricultural Activities: With the growing need for food security and sustainable farming, the demand for ammonium sulphate as an effective fertilizer continues to rise.
- Application in Biopharmaceuticals: The growing use of ammonium sulphate in the biopharmaceutical industry for processes like protein purification boosts its market presence.
- Expanding Usage in Food Processing: The compound’s inclusion in cake and confectionery manufacturing as a leavening agent has expanded its application in the food processing industry.
- Government Support for Agriculture: Increasing government initiatives to promote agricultural productivity and ensure food supply stability are contributing to the market’s growth.
- Sustainability Trends in Agriculture: Ammonium sulphate’s role in improving soil health and crop quality aligns with the growing focus on sustainable farming practices, further fueling demand.
- Advancements in Fertilizer Technology: Innovations in fertilizer formulations that include ammonium sulphate have enhanced its effectiveness, increasing adoption among farmers globally.
Market Competition
Key players in the ammonium sulphate market are Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries Ltd, Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd, Sumitomo Chemical, Evonik Industries AG
- In August 2022, JSC “Grodno Azot” announced that it will be partially limiting the production of nitrogen fertilizer due to the increase in prices of natural gas.
- DOMO Chemicals, a key player in the ammonium sulphate market is focusing on producing the same sustainable and reducing their overall carbon footprint.
Key Segments Profiled in the Ammonium Sulphate Market Industry
Ammonium Sulphate by Production Process:
- Ammonium Sulphate for Caprolactam
- Ammonium Sulphate for Coke Oven Gas
- Ammonium Sulphate for Gypsum
- Ammonium Sulphate for Neutralization & Others
Ammonium Sulphate by Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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