Ammonium Sulphate Market Professional1 month ago - Services - Pune - 64 view
Ammonium Sulphate Market was valued US$ 4800 Mn in 2017 and is estimated to reach US$ 7100 Mn by 2026 with a CAGR of around 4.5 % during the forecast 2018-2026.Reduction in farmable land in combination with the rising population has made pressure on the agricultural sector to improve the total output. Use ammonium sulphate increases root strength, thus increasing drought tolerance of crops. It also aids in the formation of nodules on legumes this factor is driving the ammonium sulphate market. Low cost of ammonium sulphate and increasing demand for ammonium sulphate from food and beverage industries is propelling the demand of a product. Evolution in bio-based fertilizers such as nitrogen complex biofertilizers is some of the elements driving the market growth.
Ammonium sulphate market segments include the solid ammonium sulphate and liquid ammonium sulphate based on product type. The solid ammonium sulphate is widely used in the market as they are easily soluble in water and are available in crushed, powdered and crystalline forms. The liquid segment shows moderate growth throughout the forecast.Based on application, ammonium sulphate market is segmented into fertilizers, food additives, industrial use, and others. Fertilizer is the dominating segment and will continue its dominance in the market followed by the food industry due to the uncommon properties offered by the product that is to control pH value in alkaline soils. An acid regulator, dough conditioner are some of its uses in the food industry.Segmentation of Ammonium sulphate market based on region includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific acquires the major market followed by North America.
North America is predicted to have a static growth due to excessive consumption of ammonium sulphate in the end-use industries. Availability of high agriculture zone in China and rise in population in Asia Pacific demands have driven the market in this region.Key Players Profiled and Analysed in the ReportAmresco Inc., BASF SE, Domo Chemicals, Martin Midstream, General Chemical, GFS Chemicals Inc., Honeywell, Royal DSM, Sigma-Aldrich, Akzo Nobel, Agrium, Agrofermex are some the major producer of ammonium sulphate.