What is the Global market size of the Ammonium Sulphate Market?

Global Ammonium Sulphate Market size was valued at USD 3.82 billion in 2021 and is poised to grow from USD 3.96 billion in 2022 to USD 5.23 billion by 2030, growing at a CAGR of 3.4% in the forecast period (2023-2030).

Ammonium Sulphate Companies

Ammonium Sulphate Market Competitive Landscape

Global ammonium sulphate market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. For example, Evonik and Interoceanic Corporation have a contract in place for Evonik to provide blueSulphate, a liquid ammonium sulphate (8-0-0-9) solution, from its location in Mobile, Alabama (IOC). This arrangement supports Evonik's plan to use IOC to market high-value byproducts of its methionine production network for use as agricultural fertiliser while concentrating on its main business in animal nutrition. With a terminal network and multi-modal transportation fleet in North America, Interoceanic is a marketer of fertiliser and industrial chemicals that connects producers and end customers. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.

Top Players in the Global Ammonium Sulphate Market

BASF
Royal DCM
Honeywell
LANXESS AG
Solvay SA
Arkema SA
China Petroleum & Chemical Corporation
Sumitomo Chemical Co., Ltd.
OCI Nitrogen
Domo Chemicals GmbH
UBE Industries, Ltd.
Evonik Industries AG
AdvanSix Inc.
JSC KuibyshevAzot
JSC Grodno Azot
Shandong Haili Chemical Industry Co., Ltd.
JSC "Metadynea"
GSFC Ltd.
Compo Expert GmbH
GFS Chemicals, Inc.

Ammonium Sulphate Market

FAQs

The fertilizer segment holds the largest share in terms of application in the ammonium sulfate market.

The ammonium sulfate market will grow at a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030.

Ammonium Sulphate Market size was valued at USD 3.82 billion in 2019 and is poised to grow from USD 3.96 billion in 2023 to USD 5.23 billion by 2031, growing at a CAGR of 3.4% in the forecast period (2024-2031).

ammonium sulphate market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. For example, Evonik and Interoceanic Corporation have a contract in place for Evonik to provide blueSulphate, a liquid ammonium sulphate (8-0-0-9) solution, from its location in Mobile, Alabama (IOC). This arrangement supports Evonik's plan to use IOC to market high-value byproducts of its methionine production network for use as agricultural fertiliser while concentrating on its main business in animal nutrition. With a terminal network and multi-modal transportation fleet in North America, Interoceanic is a marketer of fertiliser and industrial chemicals that connects producers and end customers. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'BASF', 'Royal DCM', 'Honeywell', 'LANXESS AG', 'Solvay SA', 'Arkema SA', 'China Petroleum & Chemical Corporation', 'Sumitomo Chemical Co., Ltd.', 'OCI Nitrogen', 'Domo Chemicals GmbH', 'UBE Industries, Ltd.', 'Evonik Industries AG', 'AdvanSix Inc.', 'JSC KuibyshevAzot', 'JSC Grodno Azot', 'Shandong Haili Chemical Industry Co., Ltd.', 'JSC "Metadynea"', 'GSFC Ltd.', 'Compo Expert GmbH', 'GFS Chemicals, Inc.'

For alkaline soils, ammonium sulphate is a fast-acting acidic fertilizer. The alkaline, nitrogen-deficient soil can restore its fertility thanks to the 20–25 percent nitrogen concentration. The demand for agrochemicals is projected to continue to rise due to the rising population's increased demand for food crops. The Food & Agriculture Organization (FAO) estimates that there will be 160,492 million tonnes of ammonia available for fertilizer applications worldwide in 2020. One of the important nutrients in the soil, nitrogen promotes the production of chlorophyll as well as plant growth and food metabolism. The demand for ammonium sulphate is anticipated to increase as farmers increasingly use nitrogen-containing fertilizers to increase crop yields.

Industry participants mostly focus their operations on the product's cost and intended use. Several companies are trying to get a competitive edge by increasing their market share. Major players participate in a variety of partnerships to advance their brands and sales. As an illustration, in April 2019, the four major producers—BASF, Domo Chemicals, Ammonium Sulphate Producers Europe were founded by Lanxess and Fibrant (ASPE) using the directives of the European Chemical Industry Council (Cefic) to advance the advantages of their products.

With 34.8 percent of the worldwide market share, the Asia Pacific region led the ammonium sulphate market and is expected to maintain its lead during the projection period. The growing population in China, India, Bangladesh, Indonesia, Pakistan, and Japan is predicted to increase the need for agricultural production and food crops, which will increase the demand for fertilizers and agrochemicals and sustain regional growth. Furthermore, a high concentration of firms in the area is likely to promote growth. The estimated population of Asia on July 1, 2021, will be 4.68 billion, or 4,679,660,580 people. Asia is by far the most populous continent, with nearly 3.5 times as many people as Africa, which is in second place. Before reaching a high in 2055 with 5.3 billion inhabitants, Asia will gain another 620 million people. Nearly a third of the world's population is found in Asia.

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Ammonium Sulphate Market Size, Share, Growth Analysis, By Product(Solid, Liquid), By Application(Fertilizers, Pharmaceuticals, Food & Feed Additives, Water Treatments), By Region - Industry Forecast 2024-2031

Ammonium Sulphate Market Competitive Landscape

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Ammonium Sulphate Market Size, Share, Growth Analysis, By Product(Solid, Liquid), By Application(Fertilizers, Pharmaceuticals, Food & Feed Additives, Water Treatments), By Region - Industry Forecast 2024-2031

Ammonium Sulphate Market Competitive Landscape

Ammonium Sulphate Market Report Snapshots

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