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 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 is an inorganic salt that has a variety of industrial applications. The chemical's most popular usage is as a soil fertilizer since it contains 21% (w/w) nitrogen and 24% (w/w) sulfur. The substance has also been utilized in flame retardant chemicals because, when employed as a flame retardant, it lowers the maximum weight loss rates, raises the temperature at which a material will burn, and increases the amount of residue or char that will be produced. The need for flavor-improving compounds has increased along with the demand for packaged goods and convenience foods. In turn, the rapid global stockpile fill-up during the lockdown increased demand from the food business. Sales of food production rose 14.8% year over year to $125 billion in 2019. The YoY sales rise is the highest ever reported (starting in 2019). Volume losses at grocery shops are mitigated by increased foodservice volumes and higher selling prices.

The growing need to replenish soil micronutrients in order to boost crop production and ensure higher yield is driving fertilizer manufacturers to create environmentally friendly ammonium sulphate fertilizers. By increasing the organic matter of the soil after the harvesting season, ammonium fertilizers can increase the amount of residue and the root biomass. By replacing the nitrogen and sulfur in the soil, this aids in preserving the soil's long-term fertility.

US Ammonium Sulphate Market is poised to grow at a sustainable CAGR for the next forecast year.