Ammonium Sulfate Market Size, Share & Trends Report

Ammonium Sulfate Market Size, Share & Trends Analysis Report By Product (Liquid, Solid), By Application (Fertilizers, Industrial, Food Additives), By Region (MEA, APAC, North America), And Segment Forecasts, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: 978-1-68038-702-5
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 154

Industry Insights

The global ammonium sulfate market size was valued at USD 2.71 billion in 2018 and is expected to register a CAGR of 4.9% from 2019 to 2025. Ammonium sulfate is prepared from ammonia and sulfuric acid. The market is anticipated to be driven by the growing usage of nitrogen-based fertilizers to increase the crop yield. Usage of nitrogen fertilizers result in increased productivity by providing the plants with appropriate amount of nutrients.

Ammonium sulfate is widely used in fertilizers as it enables slow release of nitrogen making it last longer. Solid fertilizer is a leading product owing to the rising usage of hammers and crushers in industrial sectors. It is also used in food additives, pharmaceuticals, and several industrial applications. Traditionally, the product was produced by neutralization process.

U.S. ammonium sulfate market

There are several other methods of extracting ammonium sulfate, namely caprolactam, gypsum, coke oven and others.

Ammonium sulfate is used as a food additive in flours and breads. Increasing consumption of confectionary and baked food products is likely to boost the demand further. It is classified as Generally Recognized as Safe (GRAS) ingredient by the U.S. Food and Drug Administration (FDA).

It is also classified under the E category by the European Union. E category items are permitted to be used as food additives within the European Union and Switzerland. Geographically, Asia Pacific led the global market in terms of volume and is likely to expand further on account of rapidly expanding food & beverage and fertilizers sectors in the region.

Product Insights

Solid ammonium sulfate was the dominant product segment occupying over 75% of the volume share in 2018. Increasing use of solid ammonium sulfate in leather products and textiles is expected to boost the demand further. Liquid product is widely accepted and is used as an effective and stable source of ammonia for chloramination. Liquid fertilizers are gaining wide acceptance and are anticipated to increase the demand for ammonium sulfate over the forecast period.

Application Insights

The product is highly used as a fertilizer for mainly alkaline soils and as major nutrient for cultivation. Mainly due to its high sulfur content, ammonium sulfate is easily absorbed by plants and is suitable for soils that have a low pH. Recently, the high yield of agriculture industry is directly related to increased usage of fertilizers. Rising demand for food additives with ammonium sulfate as key ingredient, particularly in emerging regions like Asia Pacific and Central & South America, is also contributing to the market growth.

Global ammonium sulfate market

Industrial applications include leather, textiles, and flame retardants. The industrial application segment is anticipated to witness significant growth due to high product demand from the key companies. Factors, such as economic growth and widening industrial application scope, are projected to fuel the demand further.In addition, increased usage of solid ammonium sulfate in leather products and textiles will propel the segment development.

Regional Insights

Asia Pacific is expected to be the dominant regional market over the forecast period. China and India are the major revenue-generating economies owing to advancements in agricultural techniques and increasing population in these countries. Singapore, Malaysia, Vietnam, Indonesia, and other South-east Asian economies are also anticipated to grow rapidly over the forecast period due to well-established production facilities and low-cost manufacturing.

North America has observed a remarkable growth due to high consumption of the product in various end-use industries. Developing markets, such as Asia Pacific and Central & South America, offer ample growth opportunities for the end-use industries owing to surge in product demand. Brazil is the prominent consumer followed by China, Mexico, and U.S.

Ammonium Sulfate Market Share Insights

Prominent companies in this industry include BASF SE; Evonik Industries AG; Lanxess; Novus International; Sumitomo Chemical; Honeywell International, Inc.; Royal DSM; Helm AG; ArcelorMittal; Tereos; Agrium; and Domo Chemicals. Companies, such as BASF, Domo chemicals, Honeywell, and SABIC, witness high integration throughout the value chain. Various regulations are imposed on the ingredients used in the production of fertilizers, hence the ingredients manufacturers and suppliers play an important role in the market value chain. These companies focus on research and development to introduce novel applications in biochemistry and for producing ammonium salts.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Kilotons, Revenue in USD Million, and CAGR from 2019 to 2025

Region scope

North America, Europe, Asia Pacific, Middle East & Africa, Central & South America

Country scope

U.S., Canada, Mexico, Germany, U.K., France, China, India, Japan

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global ammonium sulfate market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Liquid

    • Solid

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Fertilizers

    • Industrial

    • food additives

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • Russia

      • Belarus

      • Spain

      • U.K.

    • Asia Pacific

      • China

      • Japan

      • South Korea

      • India

    • Middle East & Africa

      • Turkey

    • Central & South America

      • Brazil

Key questions answered by the report
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