Ammonium Sulfate Market-Overview
The rise in the global food crisis is estimated to shape the demand for sustainable agricultural yields. Therefore, the market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is likely to gain a CAGR of 5.52% by 2027.
The surge in global food requirements and drought-ridden conditions in certain regions is estimated to significantly impact the regions with higher agricultural yields. Therefore, the use of products that deter damages to crops, such as pesticides and herbicides, becomes very important. As a result, the demand for ammonium sulfate is estimated to rise significantly in the span of the forecast period. Furthermore, the strong contenders in the market are estimated to further motivate the ammonium sulfate market by introducing better products and a stronger supply chain in the upcoming period.
Segmental Analysis
The segmental review of the ammonium sulfate market is conducted on the basis of application, product type, and region. The product type segment of the ammonium sulfate market comprises of liquid and solid. The region segment of the ammonium sulfate market consists of Middle East, North America, Europe, Latin America, Asia-Pacific, and Africa. The application segment of the ammonium sulfate market consists of industrial, pharmaceutical, water treatment, food & beverage, and textile dyeing.
Regional Overview
The regional examination of the ammonium sulfate market consists of Middle East, North America, Europe, Latin America, Asia-Pacific, and Africa. The Asia-Pacific region had the peak market portion. The ammonium sulfate market in the Asia-Pacific region has the most rapidly growing economy as compared to the other regional markets. This is particularly correct in the national markets of India and China. These economies are facing rapid progress in their agricultural and agro-processing sectors, which is likely to make huge demand for fertilizers. On the contrary, the North American regional market and the ammonium sulfate market in the European region are estimated to note slower growth. The key reason behind their development is the middle classes groups in these regions are deteriorating rapidly. Their buying power is also falling rapidly, which places a lesser demand for more nourishing food in their farming sectors. Farmers are, as a result having less encouragement to use fertilizers to double or protect their current yield. The deterioration in arable land and an upsurge in the call for food is the major factor for growing the consumption of fertilizers and optimistically influencing the development of the ammonium sulfate market in the region.
Competitive Analysis
The players for the majority stake in the market are projected to take swift and strategic decisions to further their position. The reliance on mergers and acquisitions is estimated to grow as stronger contenders begin the buyout of smaller companies with specialized fortes. The market's advanced operation potential is estimated to bolster the market in the coming months. Better access to varied financing sources in the market is estimated to foster a strong potential for growth in the forthcoming period. The support from governmental agencies is estimated to further augment the market progress in the future. The enhanced focus on technology-centric solutions is likely to further bolster the development potential of the market. The popularity of e-commerce modes of business is projected to broaden the scope for growth in the coming years. The expansion to new geographical areas is estimated to introduce a new development phase in the global market. The intensification of cybersecurity risk is estimated to further create novel operational procedures in the market during the forecast period.
The important companies in the ammonium sulfate market are Sumitomo Chemical Co., Ltd, Honeywell International Inc, Merck KGaA, Evonik Industries AG, BASF SE, and LANXESS.
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Industry Updates:
Apr 2021 AdvanSix, a business, has stated that it will upsurge its long-lasting leadership and knowledge in ammonium sulfate and sulfur nutrition while making additional opportunities for growth and capabilities across the value chain. The business sees continued demand for sulfur nutrition, and ammonium sulfate is established to deliver pound-for-pound the most easily available sulfur and nitrogen to a wide variety of crops, counting wheat, corn, cotton, and soybeans.
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Top Key Players
Some of the prominent players in this market are BASF SE, Honeywell International Inc, Sumitomo Chemical Co., Ltd, Merck KGaA, Evonik Industries AG, and LANXESS, among others.


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