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Global Ammonium Sulfate Market to Flourish at 3.6% CAGR, Fertilizer Manufacturing Constitutes 70% Revenue: Fact.MR Report

Ammonium Sulfate

Ammonium Sulfate

The global ammonium sulfate market is forecast to expand at a 3.6% value CAGR from 2022-2032, reaching a valuation of US$ 4.9 Billion, concludes a recently concluded Fact.MR study. According to the report, the industry is poised to be valued at US$ 3.43 Billion by the end of 2022. Extensive applications in fertilizer and agrochemical manufacturing are expected to open opportunistic doors in the forthcoming decade.

From 2015 to 2021, sales of ammonium sulfate rose at a CAGR of 3.8%, closing in at a valuation of US$ 3.31 Billion. Ammonium sulfate is mainly produced as a byproduct of caprolactam and coke oven processes. Caprolactam is widely used for the manufacturing of nylon fibers. Nylon fibers have a wide range of applications including textiles, carpets, industrial yarn, and fishing lines and nets.

Increasing customer traction from agriculture intensive economies coupled with favorable statutory regulations regarding use of alternative nitrate fertilizers are central drivers of ammonium sulfate adoption. Asian regions will play a vital role as developing countries in these regions witness increasing demand for agricultural products that employ ammonium sulfate as key fertilizers.

Key Takeaways from the Market Study

“Prominent manufacturers are looking to divest from traditional concepts of production and product to invest in preemptive development of products such as ammonium sulfate for water treatment and air purification, a trend which will widen future growth prospects,” remarks a Fact.MR analyst.

Competitive Landscape

The ammonium sulfate market is highly competitive, with major international brands focusing on long-term relationships with end-users. With the expansion of water treatment operations and the expansion of the pharmaceutical sector, competition is expected to increase in the coming years.

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global ammonium market, presenting historical demand data (2015-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the basis of application (fertilizers, pharmaceuticals, food & feed additives, water treatment and others), and form (solid and liquid) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About the Chemical and Material Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemical and material team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

 

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