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 Insights

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).

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.

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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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