The globalammonium sulphate marketis growing on the back of ammonium sulphates numerous benefits in the agriculture sector. Owing to high nitrogen and sulfur content, ammonium sulfate is being increasingly used to boost crop yield. Key factors such as expansion of the agriculture sector, research and development activities, consumer knowledge of products advantage, and shortage of arable land, are further boosting the growth of the ammonium sulfate market. In addition to this, the rising RD activities to enhance the action of agrochemicals is further improving the growth prospects of the market. With the rising need for better crop yield due to a surge in worldwide population is propelling the demand for agrochemicals. All these trends are expected to accelerate the growth trajectory for the market.
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Increasing Adoption by Industrial Sector to Soar Demand for Ammonium Sulfate
The growing adoption of ammonium sulfate across the industrial sector is facilitating the expansion of the global ammonium sulfate market. Ammonium sulfate has various purposes including NMR spectroscopy, feedstock chemicals, water treatment, flame retardants and wood preservation. Furthermore, ammonium sulfate is being increasingly used as a flame-retardant composition in end-use industries such as electronics, furniture, and construction. This is mainly owing to the fact that it has the same effect as diammonium phosphate. Another application of ammonium sulfate has emerged in the healthcare sector as a component of vaccines. Therefore, during the study period, the market will attain an unprecedented level of growth.
Fertiliser to Gain Significant Prominence in Ammonium Sulfate Market
The applications are expanded over different categories including fertiliser, additive (pharma and food), water treatment, and flame retardant. Of late, the global ammonium sulfate market is receiving a great boost from fertiliser. Ammonium sulfate is a key ingredient in the production of nitrogenous fertiliser. Ammonium decomposes the soil into ammonia, nitrogen, sulfur dioxide, and water. Nitrogen and ammonia are then utilised by the plant to produce amino acids. The main advantages of ammonium sulphate include low hygroscopicity and chemical stability. Ammonium sulfate hence ensures high plant growth and is therefore widely accepted by the global farming communities.
Asia Pacific to Lead Ammonium Sulfate Market Owing to Ascending Population in Region
Asia Pacific is projected to emerge as a key region in the global ammonium sulphate market. Various macrofactors such as growing population, and increasing use of nitrogen fertilisers, are providing impetus to the regional market growth. Furthermore, the rising need for agriculture productivity due to increased food crop production is playing an eminent role in the market expansion. Whereas Europe is projected to expand at the highest rate due to the burgeoning demand for fertilisers for growing different varieties of crops.
Prominent Market Players
Some of the leading ammonium sulfate market players include Evonik Industries AG, BASF SE, Sumitomo Chemical, Lanxess,Domo Chemicals, Honeywell International, OCI Nitrogen, Arkema, ArcelorMittal S.A., Helm AG, General Chemical, Hawkins, Ube Industries, and Martin Midstream.
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