Global Ammonium Sulfate Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Ammonium Sulfate Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Solid, and Liquid), Application (Fertilizers, Pharmaceuticals, Food & Feed Additives, Water Treatment, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Ammonium Sulfate Market was valued at USD 3,105.4 million in 2023 and is expected to reach USD 5,217.1 million by 2031 while growing at a CAGR of 6.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global ammonium sulfate market growth. Ammonium sulfate, with the chemical formula (NH₄)₂SO₄, is a white crystalline salt composed of ammonium ions (NH₄⁺) and sulfate ions (SO₄²⁻). Widely utilized in both industrial and agricultural applications, it serves various purposes.
Increasing population growth and food security, along with rising demand in the agricultural sector, are driving the growth of the ammonium sulfate market. However, challenges like environmental concerns and fluctuating raw material prices could hinder its expansion.
Furthermore, the global ammonium sulfate industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Ammonium Sulfate Market is segmented among Solid, and Liquid, based on Product. In 2023, Solid accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Ammonium Sulfate Market is segmented among Fertilizers, Pharmaceuticals, Food & Feed Additives, Water Treatment, and Others, based on Application. In 2023, Fertilizers accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Ammonium Sulfate Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are BASF SE, Evonik Industries AG, Lanxess Corporation, Novus International, Sumitomo Chemical Co. Ltd., Honeywell International Inc., Royal Dsm, Helm AG, ArcelorMittal S.A., Tereos S.A., Domo Chemicals Gmbh, Akzo Nobel N.V., Sabic, Arkema S.A., and OCI Nitrogen.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Ammonium Sulfate Market Dynamics
Drivers
Restraints
Opportunity
4. Global Ammonium Sulfate Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Ammonium Sulfate Market Segmentation, By Product
Global Ammonium Sulfate Market Share Analysis, By Product
Global Ammonium Sulfate Market Growth Analysis, By Product
Global Ammonium Sulfate Market Trends, By Product
o Solid
o Liquid
6. Global Ammonium Sulfate Market Segmentation, By Application
Global Ammonium Sulfate Market Share Analysis, By Application
Global Ammonium Sulfate Market Growth Analysis, By Application
Global Ammonium Sulfate Market Trends, By Application
o Fertilizers
o Pharmaceuticals
o Food & Feed Additives
o Water Treatment
o Others
7. Global Ammonium Sulfate Market Segmentation, By Region
Global Ammonium Sulfate Market Share Analysis, By Region
Global Ammonium Sulfate Market Growth Analysis, By Region
Global Ammonium Sulfate Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
BASF SE*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Evonik Industries AG
Lanxess Corporation
Novus International
Sumitomo Chemical Co. Ltd.
Honeywell International Inc.
Royal Dsm
Helm AG
ArcelorMittal S.A.
Tereos S.A.
Domo Chemicals Gmbh
Akzo Nobel N.V.
Sabic
Arkema S.A.
OCI Nitrogen.
*Similar analysis will be provided for each company listed above.
