Global Ammonium Sulphate Market

Ammonium Sulphate Market Size, Share, Growth Analysis, By Type (Solid, Liquid), By Application (Fertilizers, Pharmaceuticals), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15A2356 | Region: Global | Published Date: December, 2024
Pages: 242 | Tables: 64 | Figures: 75

Ammonium Sulphate Market News

  • In May 2022, by incorporating an extra manufacturing line into the current production facilities, BASF has increased the antioxidant Irganox® 1010's production capacity at its Jurong Island, Singapore, facility. They respond to the rising demand by growing their manufacturing capacity, which also enables them to meet the expansion ambitions of their clients. They emphasize their position as one of the top providers of phenolic antioxidants with the investment in Singapore.
  • In April 2022, with the launch of BASF's Exponus® pesticide today, farmers in India will be able to safeguard their crops and increase output. The ground-breaking remedy is driven by a unique formulation of Broflanilide®, a novel active component from BASF. As part of an integrated pest management program, Exponus® provides farmers with a strong, rapid, and adaptable solution for managing a range of insect pests and overcoming resistance to currently used chemicals.
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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 3.96 Billion in 2023 and is poised to grow from USD 4.09 Billion in 2024 to USD 5.41 Billion by 2032, growing at a CAGR of 3.4% during the forecast period (2025-2032).

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. 'BASF SE ', 'Evonik Industries AG ', 'Lanxess ', 'Advansix ', 'Sumitomo Chemical Co., Ltd. ', 'OCI ', 'Fibrant ', 'Nutrien ', 'Martin Midstream Partners L.P. ', 'Fertiberia ', 'Gujarat State Fertilizers and Chemicals Limited ', 'Ostchem ', 'Sinopec Corp. ', 'Jost Chemical Co. ', 'Kanto Chemical Co., Inc. ', 'Kishida Chemical Co., Ltd. ', 'Powder Pack Chem ', 'Dubi Chem Marine International ', 'American Plant Food Corporation ', 'Greenway Biotech 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 global 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 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.

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Global Ammonium Sulphate Market

Report ID: SQMIG15A2356

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