The global ammonium sulfate
market is expected to reach USD 3.44 billion by 2022, according to
a new report by Grand View Research, Inc. Growing fertilizers demand on account
of growing population and decreasing arable land is expected to remain a key
driving factor for global ammonium sulfate market. Shift in trend towards
increasing crop yield by increasing nutrient contents such as nitrogen and
sulfur in soil is also expected to have a positive influence on the market
growth. Presence of stringent regulatory norms particularly in developed
markets of Germany, France, UK and the U.S. are expected to remain a key
challenge for market participants.
Solid ammonium sulfate emerged as
the leading product segment and accounted for over three quarters of total
demand in 2014. Solid ammonium sulfate is also expected to witness highest
growth of 2.45% from 2015 to 2022. Granular ammonium sulfate finds its
application across a wide range of end-use industries which has contributed
towards its growth.
U.S. ammonium sulfate market
volume by application, 2012-2022, (Kilo Tons)
Browse full research report on
Ammonium Sulfate Market
Further key findings from the
report suggest:
- Global
ammonium sulfate market demand 24.60 million tons in 2014 and is expected
to reach 29.81 million tons by 2022, growing at a CAGR of 2.43% from 2015
to 2022.
- Fertilizer
emerged as the leading application segment and accounted for over 90% of
total market volume in 2014. Continuous increase in population coupled
with need to increase cultivation yield is expected to benefit the demand
for ammonium sulfate in fertilizers. Novel applications such as food
additives are expected to witness the highest growth of 2.90% from 2015 to
2022.
- Asia Pacific
was the leading regional market with demand share estimated at 39.0% in
2014. Presence of a large agriculture industry in China, India and South
East Asian countries is expected to remain a key driving factor for the
regional market. The region is also expected to witness the highest growth
of 2.57% from 2015 to 2022.
- Central and
South America is expected to witness significant growth to account over
17% of the global market by 2022. Ammonium sulfate demand in Brazil is
expected to rise over the forecast period and have positive impact on the
overall regional market.
- Ammonium
sulfate industry is fragmented with presence of large number significant
market players across the globe. Some leading companies operating in the
global market include DSM, Honeywell and BASF. Other companies include
Sumitomo Chemicals, Helm AG, Evonik Industries, Domo Chemicals, AkzoNobel,
Lanxess, Rentech and Agrium.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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