Global Ammonium Sulfate Market Size Study, by Product (Solid, Liquid), By Application (Fertilizer, Pharmaceutical, Food & Feed Additive, Water Treatment, Others) and Regional Forecasts 2022-2032
The global Ammonium Sulfate Market was valued at USD 3.15 billion in 2023 and is projected to grow at a healthy compound annual growth rate (CAGR) of 7.0% during the forecast period 2024-2032.
The market's upward trajectory is primarily driven by the increasing demand for ammonium sulfate in nitrogenous fertilizers, extensively utilized in the agricultural sector. Its unique ability to reduce soil alkalinity, along with its composition of nitrogen and sulfur for enhanced protein synthesis, has positioned it as a critical component in modern farming practices. The market is also witnessing heightened demand for the solid variant due to its effectiveness in improving nutrient absorption in alkaline soils and flooded fields, particularly for crops like rice.
The market landscape is characterized by technological advancements in production, with ammonium sulfate being derived as a byproduct from caprolactam manufacturing and coke oven processes. The rising consumption of nylon fibers, driven by demand from industries such as textiles, carpets, and industrial yarn, has amplified caprolactam production, thereby boosting the availability of ammonium sulfate. However, the market faces challenges like oversupply, declining prices, and health hazards associated with prolonged exposure during production and transportation processes.
Regionally, Asia Pacific dominated the market in 2023, with its expansive agricultural sector demanding higher fertilizer consumption. Countries like India, China, and Bangladesh have emerged as key contributors to this growth. On the other hand, Europe and Central & South America are witnessing significant market expansion due to rising investments in high-quality fertilizers and stringent regulations promoting sustainable farming practices.
Ammonium sulfate's diverse applications extend beyond agriculture to industries such as water treatment, pharmaceuticals, and food and feed additives. The liquid variant, increasingly preferred for water treatment due to its non-toxic and stable properties, is projected to gain substantial traction during the forecast period.
The competitive landscape showcases the dominance of multinational corporations such as BASF SE, Evonik Industries, and Honeywell International, alongside regional players innovating in production techniques. This dynamic has fostered intense competition, with companies focusing on cost efficiency, product development, and strategic collaborations.
Major market players included in this report are:
• BASF SE
• Evonik Industries
• Honeywell International
• Sumitomo Chemical
• Lanxess Corporation
• Novus International
• Royal DSM
• Hindustan Dorr-Oliver Limited
• Phillips Petroleum Company
• Republic Steel Corp.
• Airborne Industrial Minerals Inc.
• SABIC
• Domo Chemicals
• Ansor Corp.
• Enva Group
The detailed segments and sub-segments of the market are explained below:
By Product:
• Solid
• Liquid
By Application:
• Fertilizers
• Pharmaceuticals
• Food & Feed Additives
• Water Treatment
• Others
By Region:
• North America: U.S., Canada, Mexico
• Europe: Germany, U.K., France, Italy, Netherlands
• Asia Pacific: China, India, Japan, Indonesia, Vietnam
• Central & South America: Brazil, Argentina
• Middle East & Africa: Iran, Egypt
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand-side and supply-side analysis of the market.
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- Chapter 1. Global Ammonium Sulfate Market Executive Summary
- 1.1. Global Ammonium Sulfate Market Size & Forecast (2022–2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendations & Conclusion
- Chapter 2. Global Ammonium Sulfate Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.4. Demand Side Analysis
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Ammonium Sulfate Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Fertilizer Consumption in Agriculture
- 3.1.2. Advancements in Caprolactam Production
- 3.1.3. Increasing Adoption in Water Treatment Processes
- 3.2. Market Challenges
- 3.2.1. Oversupply Leading to Price Volatility
- 3.2.2. Health Risks Associated with Exposure
- 3.3. Market Opportunities
- 3.3.1. Innovations in Production Technologies
- 3.3.2. Expanding Non-Agricultural Applications
- Chapter 4. Global Ammonium Sulfate Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Analyst Recommendations & Conclusion
- Chapter 5. Global Ammonium Sulfate Market Size & Forecasts by Product (2022–2032)
- 5.1. Segment Dashboard
- 5.2. Revenue Trend Analysis
- 5.2.1. Solid
- 5.2.2. Liquid
- Chapter 6. Global Ammonium Sulfate Market Size & Forecasts by Application (2022–2032)
- 6.1. Segment Dashboard
- 6.2. Revenue Trend Analysis
- 6.2.1. Fertilizers
- 6.2.2. Pharmaceuticals
- 6.2.3. Food & Feed Additives
- 6.2.4. Water Treatment
- 6.2.5. Others
- Chapter 7. Global Ammonium Sulfate Market Size & Forecasts by Region (2022–2032)
- 7.1. North America
- 7.1.1. U.S.
- 7.1.1.1. By Product Breakdown, Size & Forecasts (2022–2032)
- 7.1.1.2. By Application Breakdown, Size & Forecasts (2022–2032)
- 7.1.2. Canada
- 7.1.2.1. By Product Breakdown, Size & Forecasts (2022–2032)
- 7.1.2.2. By Application Breakdown, Size & Forecasts (2022–2032)
- 7.1.3. Mexico
- 7.1.3.1. By Product Breakdown, Size & Forecasts (2022–2032)
- 7.1.3.2. By Application Breakdown, Size & Forecasts (2022–2032)
- 7.2. Europe
- 7.2.1. Germany
- 7.2.2. U.K.
- 7.2.3. France
- 7.2.4. Italy
- 7.2.5. Netherlands
- 7.3. Asia Pacific
- 7.3.1. China
- 7.3.2. India
- 7.3.3. Japan
- 7.3.4. Indonesia
- 7.3.5. Vietnam
- 7.4. Central & South America
- 7.4.1. Brazil
- 7.4.2. Argentina
- 7.5. Middle East & Africa
- 7.5.1. Iran
- 7.5.2. Egypt
- Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Evonik Industries
- 8.1.3. Honeywell International
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. BASF SE
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financials (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Evonik Industries
- 8.3.3. Honeywell International
- 8.3.4. Sumitomo Chemical
- 8.3.5. Royal DSM
- Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
Research Assistance
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