Ammonium Sulfate Market Size, Share & Trends Report

Ammonium Sulfate Market Size, Share & Trends Analysis Report By Product (Solid, Liquid), By Application (Fertilizer, Pharmaceutical, Food & Feed Additive), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-702-5
  • Number of Report Pages: 109
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2020
  • Forecast Period: 2022 - 2030 
  • Industry: Bulk Chemicals

Research Methodology

A three-pronged approach was followed for deducing the ammonium sulfate market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for ammonium sulfate market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of ammonium sulfate market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Ammonium Sulfate Market Categorization:

The ammonium sulfate market was categorized into three segments, namely product (Solid, Liquid), application (Fertilizers, Pharmaceuticals, Food & Feed Additives, Water Treatment), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The ammonium sulfate market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The ammonium sulfate market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seventeen countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; Italy; France; Netherlands; China; India; Japan; Indonesia; Vietnam; Brazil; Argentina; Iran; and Egypt.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Ammonium sulfate market companies & financials:

The ammonium sulfate market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • BASF SE - BASF SE, a German-based industrial chemical manufacturing company, caters to a vast customer base of over 300,000 globally. With a strong global presence, the company operates through six major segments: industrial solutions, chemicals, agricultural solutions, materials, nutrition & care, and surface technology. BASF SE is committed to achieving both economic success and environmental protection. It offers customized solutions for heavy-duty vehicles and drives innovation in chemistry for future mobility. Recently, the company has expanded its expertise into predicting automotive color trends to meet the diverse needs of future automotive color coatings. BASF SE's Ludwigshafen facility in Germany currently has a production capacity of 875,000 tons per annum of ammonia.

  • Evonik Industries AG - Evonik Industries AG stands as a prominent manufacturer in the realm of specialty chemicals. The company boasts a diverse range of products, including adhesive and sealing compounds, animal nutrition products, automotive applications, cleaning products, coatings, catalysis, colorants, construction materials, crop protection agents, plastics, plasticizers, personal care products, displays for TVs and computers, water treatment solutions, semiconductors, polyurethane additives, road markings, and processing aids for monomer processes. These products cater to various industries, such as adhesive and sealants, food and beverage, feed, electronics and utilities, interior design, construction, coatings, composites, and agriculture. Additionally, Evonik Industries AG extends its reach to other sectors, including household care, lifestyle, transportation, mechanical engineering, pulp, paper and packaging, printing, professional skin care, plastics and general industry, healthcare and pharmaceutical, petrochemical, personal care, metal, oil and gas, optics, and mining.

  • LANXESS Corporation - LANXESS Corporation is a renowned company specializing in the production and promotion of specialty chemicals, additives, and plastics. With a strong focus on four key sectors, namely specialty additives, advanced intermediates, engineering materials, and consumer protection, LANXESS excels in product development and marketing. One of its notable offerings is ammonium sulfate, derived as a byproduct of caprolactam production. This high-quality product is supplied to global markets in solid and solution forms, utilizing vessels and containers for transportation. With a worldwide presence spanning 33 countries, LANXESS achieved impressive annual sales of USD 7.21 billion in 2020.

  • Novus International - In 1991, Novus International, a chemical company headquartered in the United States, came into existence through the sale of Monsanto's feed ingredients business division to Nippon Soda Co. Ltd. and Mitsui & Co. Ltd. This transaction was a part of Monsanto's nutrition division. With a wide range of over 100 products, Novus International caters to various industries worldwide, including mineral solutions, enzyme solutions, feed, methionine solutions, eubiotics, and carotenoid solutions. The company focuses on key species such as aqua, poultry, swine, dairy, and beef.

  • Sumitomo Chemical Co. Ltd. - Sumitomo Chemical Co. Ltd. is a chemical corporation primarily providing solutions to various industries, including petrochemicals & plastics, pharmaceuticals, crop science, IT chemicals, environment, daily household, automotive, building & construction, and energy & functional materials. It offers a diverse portfolio of products tailored to meet the specific needs of each business segment. The company operates research departments dedicated to each business segment worldwide and actively collaborates with educational institutions and research organizations to foster innovation and advancement.

  • Honeywell International Inc. - Honeywell International Inc. is a manufacturer of commercial and consumer goods. The company operates through four business segments: aerospace, safety & productivity solutions, home & building technologies, and performance materials & technologies. Within these segments, Honeywell offers a diverse range of products and solutions. In the aerospace segment, they provide auxiliary power units, engine control systems, surveillance & radar systems, flight safety equipment, electric power systems, thermal systems, aircraft brakes & wheels, overhaul & repair services, aircraft lighting, and navigation software & hardware. Under the home & building technologies segment, Honeywell offers displays and controls for heating, indoor air quality, cooling, humidification, lighting, home automation, and combustion. They also provide sensors, switches, remote patient monitoring systems, services & solutions for measurement, metering, and control of electricity & gases, as well as communications & metering systems for industries and water utilities. Additionally, Honeywell offers performance materials and technologies such as fluorocarbons, specialty films, hydrofluoro-olefins, waxes, advanced fibers, additives, customized intermediates & research chemicals, chemicals, and electronic materials.

  • Royal DSM - Royal DSM is a multinational corporation based in the Netherlands specializing in life and materials sciences. The company offers practical solutions in the areas of health, nutrition, and sustainable living. It focuses on three key areas: resource and circularity, nutrition and health, and climate and energy. Over the past five years, 21% of its sales have come from newly launched products. Additionally, the company actively partners with the United Nations' Sustainable Development Goals to align its strategic plans with a purpose-driven approach.

  • Helm AG - Helm AG, originally established as a family-owned enterprise, operates as a versatile distribution company catering to various industries, including fertilizers, crop protection, chemicals, and pharmaceuticals. Presently, the company maintains a global presence across 30 countries, encompassing more than 100 subsidiaries. It boasts an integrated approach throughout the value chain, encompassing logistics, marketing solutions, product manufacturing, and project development, among other facets. The company's primary market focus lies within Europe, which accounted for a significant 52.9% share in 2020, followed by the Americas and Asia Pacific regions with shares of 29.6% and 16.8% respectively.

  • ArcelorMittal S.A. - ArcelorMittal S.A. is an international steel manufacturing corporation that operates production facilities in 18 nations and serves customers in 160 countries worldwide. The company's primary focus lies in various sectors, such as construction, mining, and steel manufacturing. It caters to multiple industries, including energy, packaging, automotive, construction, mining, agriculture, transportation, and appliances. During the Latin America awards ceremony, ArcelorMittal was honored with the prestigious title of the top raw material supplier by Fiat Chrysler Automobiles.

  • Tereos S.A. - Tereos S.A. is a conglomerate of agricultural cooperatives that aims to develop alternative energy solutions by utilizing agricultural and industrial waste. The company is dedicated to providing environmentally friendly energy solutions instead of depending on fossil fuels to thrive in the ever-changing ecosystem, thus significantly decreasing the global carbon footprint. Tereos S.A. primarily focuses on energy generation through the use of digesters to produce biogas, the reclamation of cellulose waste, and the recycling of household waste.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Ammonium Sulfate Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2021, historic information from 2018 to 2020, and forecast from 2022 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Ammonium Sulfate Market Report Assumptions:

  • The report provides market value for the base year 2021 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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