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

With 34.8 percent of the worldwide market share, the Asia Pacific region led the global 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.

Due to its strong agricultural production, Europe owns a sizable portion of the global ammonium sulphate market. The EU-27 produced roughly 299 million tonnes of grains in 2019, according to data by Europa. The demand for ammonium sulphate is projected to increase due to strong manufacturing and a customer base for fertilizers. For instance, the EU produces 8% of the world's nitrogen fertilizers, 3% of phosphate fertilizers, and 6% of potash fertilizers. Additionally, information indicates that Europe consumed around 11 million tonnes of fertilizer in 2019.

In terms of value attributable to the strong demand for soil conditioning fertilizers, North America came in second to Europe. The use of soil conditioners, contemporary agricultural methods, and pH-maintaining fertilizers are all predicted to significantly increase the demand for ammonium sulphate. In addition, the Environmental Protection Agency's (EPA) strict rules are projected to increase demand for water treatment chemicals, which would help the global ammonium sulphate market to expand.