Ammonium sulphate been regarded as the first and most popular nitrogen fertilizers for agricultural productivity especially in alkaline soils is driving the global ammonium sulphate market
Covid-19 Impact & Market Status
Despite the limits put in place to stop the virus's spread, the COVID-19 pandemic has had a favorable effect for the global ammonium sulfate market with companies reporting record earnings. As a result, Indian producers are increasing their efforts to guarantee the supply of fertilizers and additives. Players in the ammonium sulfate market are keeping a close eye on the COVID-19 scenario and will attempt to adjust as necessary. Market participants are embracing financial flexibility by placing an emphasis on issues like debt management. According to analysts, the participants in the ammonium sulfate market are able to maintain their stability in the face of the COVID-19 pandemic because to a robust supply chain and financial adaptability.
Solid Category to Emerge as the Most Lucrative Segment
With a revenue share of more than 90% in 2021, the stable category dominated the global ammonium sulfate market. An increase in demand for the solid category is to blame for this. Commonly known as an organic sulphate salt, ammonium sulphate is a white, odourless substance. It readily dissolves in water, but acetone or alcohol don't seem to have any effect on it. Due to their capacity to improve soil nutrient content and Sulphur deficit, solid ammonium sulphate crystals are widely employed as fertilizers in alkaline soils across the world. Since the solid or crystalline grade is purer, it is expected to become more popular in the pharmaceutical sector.
Fertilizers to Ensure Revenue Maximization
The category with the highest revenue share of global ammonium sulfate market in 2021—more than 70.0 percent—was fertilizers. Ammonium sulphate, which includes both nitrogen and sulphur, is used as a fertilizer for alkaline soils, which is why there is a need for it. Over the projected period, rising fertilizers usage is anticipated among nations with a strong agricultural sector. Since ammonium sulphate is a common ingredient in fertilizer production and is fundamentally utilized by all major nitrogenous fertilizer producers globally, fertilizers are the key factor driving the market. The agriculture sector is being forced to employ ammonium sulphate products in fertilizer formulations all over the world due to the rise in demand for food goods.
Asian Pacific Region to Render Ample Investment Avenues
In 2021, Asia Pacific had the highest volume share at almost 45.0 percent of global ammonium sulfate market. The need for ammonium sulphate will rise as a result of the increase in demand for fertilizers used in the region's agricultural sector. In many of the economies in this area, including those of India, Bangladesh, and Sri Lanka, agriculture is a major economic sector. Despite the fact that the agriculture industry is expanding rather slowly, it is predicted that ongoing research will open up significant new markets for a variety of agricultural fertilizers.
The increasing need of improving the soil efficiency and agricultural produce is improving the reliance on ammonium sulphate furthering the development of global ammonium sulphate market.
Ammonium sulphate is a significant resource used by crop growers in areas where the soil lacks sufficient amounts of Sulphur and Nitrogen to serve as a growth foundation.
The global ammonium sulfate market size is estimated to reach close to USD 1.4 billion in 2029 and expand at a CAGR of 4.85% from the forecast period 2022 to 2029. During the forecast period, a prominent growth driver for the global ammonium sulfate market is anticipated to be a rise in the usage of ammonium sulfate in applications such as water treatment and fertilizers.
Ammonium sulfate is a nitrogen fertilizer that is widely used in agricultural production because it enhances crop quality and produces more fruit. Future growth of the global ammonium sulfate market is predicted to be driven by the agriculture sector's increasing desire for crops with higher yields. To produce a high yield, it is also widely used as a fertilizer for rice and juice.
One of the main factors influencing some producers' preference for using ammonium sulfate fertilizer is its affordable cost. Also, synthetic goods are less expensive than natural ones. Moreover, rural regions have easier access to this item, and since tiny bags and buckets are frequently available at garden supply stores, small gardeners and farmers use it. It is feasible to boost profit margin if used on each crop and also minimized expenditures. This is driving the demand for ammonium sulphate propelling the global ammonium sulphate market.
Ammonium sulphate is an inorganic sulfate salt produced when sulfuric acid reacts with two equivalents of ammonia. The most common utilized artificial fertilizer for alkaline soils is ammonium sulfate. When ammonium sulphate is added to wet soil, it releases a nitrogen ion called ammonium. This lowers the soil's pH equilibrium as a result of the modest quantity of acid that is produced during the process. Additionally, ammonium sulphate provides nitrogen, which promotes plant development. As a by-product of industrial operations like caprolactam and coke oven plants, ammonium sulfate is created. Ammonium sulphate is also used to purify flame retardants, food additives, and protein. The chemical has also been widely used as flame retardant.
However, due to the problems associated with use of ammonium sulphate such as metal fastener corrosion, dimensional instability, and loss of finishing, use of ammonium sulphate is discontinued. Also, high concentration of salts in soil, toxicity effect on soil, not environmentally friendly solution, loss of soils texture are some key disadvantages of ammonium sulphate. This is limiting the use of ammonium sulphate hampering the global ammonium sulphate market.
Nevertheless, high solubility rate has made it adaptable for a variety of agricultural uses. It helps to restore soil nutrients, chemical fertilizers have grown to be a vitally essential resource for the agriculture industry. Ammonium sulfate fertilizer can help enhance crop output and yields on croplands that are deficient or in poor condition. Owing to these benefits ammonium sulphate is experiencing rapid adoption thus fostering remarkable progress in global ammonium sulphate market.
The key players in global ammonium sulfate market are Novus International, Sumitomo Chemical, Akamai, OCI Nitrogen, Honeywell International, Royal DSM, Helm AG, Stereos S.A, Domo Chemicals, SABIC, and Lanxess among others.
Latest Innovations in the Global Ammonium Sulfate Market: A Snapshot
- Ammonium sulfate, a crucial component of nitrogen fertilizers, can now be granulated to a high standard thanks to a novel technique created by thyssenkrupp. Ammonium sulfate increases crop development and yields by delivering both sulfate and nitrogen concurrently. Additionally, it ensures a steady supply of nutrients and encourages the transfer of micronutrients from the soil to the plants, including manganese, iron, and boron. Granular ammonium sulfate is in high demand globally, although only a few producers now produce it. Thyssenkrupp intends to provide fertilizer producers the chance to turn a commercial waste product into premium nitrogen fertilizers. The main advantages of granular ammonium sulfate over liquid or crystalline solutions are its superior spreading, mixing, and storage capabilities.
Ammonium Sulfate Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1.4 billion|
|Growth Rate||CAGR of 4.85% during 2021-2028|
|Segment Covered||Product, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Novus International, Sumitomo Chemical, Akamai, OCI Nitrogen, Honeywell International, Royal DSM, Helm AG, Stereos S.A, Domo Chemicals, SABIC, and Lanxess|
Key Segments of the Global Ammonium Sulfate Market
Product Outlook Overview, 2022-2029 (USD Billion)
Application Overview, 2022-2029 (USD Billion)
- Water Treatment
- Food & Feed Additives
Regional Overview, 2019-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa