The Ammonium Sulfate market is anticipated to grow with a CAGR of 4.6% over the forecast period of 2019-2028. Ammonium Sulfate ((NH₄)₂SO₄) is a widely used inorganic salt for various commercial purposes. The most common use of this salt is found to be as a soil fertilizer since the chemical contains nitrogen and sulfur. The chemical also works as flame retardant since it increases the combustion temperature of the material and causes a notable increase in the production of residue or char. Ammonium sulfate also serves as a wood preservative. The growing demand for nitrogenous fertilizer and rising population across the world are expected to be the major drivers for the growth of the market.

Top Driver: Increasing Application of Ammonium Sulfate as Fertilizers is Expected to Anticipate the Market Growth

The Ammonium Sulfates provide to be an excellent bio-fertilizer due to its crop nourishing components. It is used to replace other chemical fertilizers such as urea, which in turn helps to provide vital nutrition to the plant growth. A wide range of crops such as rice, wheat, potatoes, etc. are benefitted with the use of ammonium sulfate. Hence due to these properties, the ammonium sulfate market is widely anticipated towards growth in the forecast period. furthermore, it is also used widely in metal industries, to reduce the use of harmful chemicals such as sulfur that is released in the environment as sulfur dioxide.

However, the high cost required for the production of ammonium sulfate could be a major factor that may hinder the market growth. Moreover, the presence of substitutes such as ammonium nitrate could also be a restraint for the market.

Fertilizers Segment to Drive the Market Extensively

Based on the type, the Ammonium Sulfate market is segmented into solid ammonium sulfate and liquid ammonium sulfate. The liquid ammonium sulfate is expected to grow at a higher rate since it can be easily blended into fertilizers as compared to the solid form and hence improve results. Based on the application, the market is segmented into fertilizers, feed and food additive, pharmaceutical industry, water treatment, and others. The Fertilizer segment is expected to drive the market widely as the ammonium sulfates are absorbed by the crops widely and prove to be better nutrient supplements due to the presence of nitrogen as the main component.

 North America is Expected to be the Fastest Growing Region

North America is expected to grow at a high CAGR and occupied the largest share in the market. The US FDA has provided safety guidelines for the use of ammonium sulfate which could be driving the market in the region. The Asia Pacific region is expected to hold the second-largest share due to the presence of wide agricultural activities in the region. Also, the presence of a huge population in the region could also be a driving force for the market.

Players to get into Mergers and Acquisitions to Improve Profits

The global Ammonium Sulfate market is expected to grow with a significant CAGR due to the presence of various companies including Royal DSM, Helm AG, Honeywell International, Evonik Industries, Akzo Nobel NV, BASF SE, Lanxess, Novus International, Fibrant and ArcelorMittal SA among others.

Ube Industries, Ltd:  The company announced that it is set to introduce its subsidiary Ube Ammonia Industry, Ltd. to set its foothold in the ammonium sulfate industry. The subsidiary will come in force in October 2020.

Domo, BASF, Lanxess, and Fibrant: The companies DOMO, BASF, Lanxess and Fibrant are expected to come into a partnership in Europe, to make the Ammonium Sulphate Producers Europe (ASPE), to provide joint benefits of the merger. The partnership was signed in April 2019.

Scope of the Report

By Prduct Type

• Solid Ammonium Sulfate
• Liquid Ammonium Sulfate

By Application

• Fertilizer
• Feed & Food Additive
• Pharmaceutical Industry
• Water Treatment
• Others

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.