The global Ammonium Sulfate Market is expected to reach USD 4.37 Billion by 2027, according to a new report by Reports and Data. Growing demand for fertilizers for high crop yield is one of the significant factors influencing the market growth. Fertilizers allow farmers to increase their crop yield by boosting the productivity of the agricultural land, as well as can make an otherwise less productive land produce substantial yields. Fertilizers are formulated to support the yield of certain plants by allowing the plants to absorb the essential macro and micronutrient easily. The worldwide demand for fertilizers has witnessed a decent pace of growth, with the demand being more than 138 million tons in the year 2000 and rose to around 210 million tons in the year 2019. Ammonium sulfate is an extensively used nitrogenous fertilizers for the production of crops. It's particularly essential where both nitrogen and sulfur are required in numerous agricultural applications.
Surging use of ammonium sulfate in the biochemistry and pharmaceutical industry is driving the growth of the market. The pharmaceutical industry implements ammonium sulfate for purification of water and in the production of vaccines. The chemical is beneficial in salting-out surplus contaminants and proteins. Ammonium sulfate is used in the selective precipitation of protein purification, as well as is deployed in the synthesis of enzymes by providing necessary nutrients to the microorganisms
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Top Companies:
Sumitomo Chemical, Royal DSM, Honeywell International, BASF SE, Lanxess, Evonik Industries, ArcelorMittal SA, Helm AG, Novus International, and Akzo Nobel NV, among others.
Market Insights:
The energy sector or industry comprises players involved in production and exploration of oil or gas reserves, oil and gas drilling, and refining. The energy industry also covers integrated power utility companies such as renewable energy and coal. Companies in the energy industry are classified based on how the energy is sourced such as non-renewables or fossil fuels and renewables such as solar.
The energy sector is an important driver of industrial growth, providing fuel to power the rest of the economy. The demand for energy will increase significantly in the coming years, driven by economic growth, urbanisation, rising incomes and industrial activity. Increasing emphasis of governments across the globe increasing emphasis on renewable energy, including grid-connected and off-grid systems is expected to stimulate market growth during the forecast period.
Regional Outlook:
North America and Europe are largely focusing on researches to maximize the solar potential. Also, Middle East and Africa have also gained traction owing to increase in applications of solar energy for power generation, agriculture, and architecture. These factors are expected offer lucrative ground for the expansion of power and energy market in the forecast period.
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The initial phase/stage of research includes the formulation of a preliminary hypothesis, which was considered from the primary as well as secondary approaches. The subsequent stages involved the triangulation of the data gathered from these two approaches. To determine the market trends and opportunities, the global Ammonium Sulfate market report has been segmented on the basis of types, technology, application, End-user and regions.
Regions covered by the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Ammonium Sulfate Market Segmentation:
Product Type Outlook
Solid Ammonium Sulfate
Liquid Ammonium Sulfate
Distribution Channel Outlook
Online
Offline
Application Outlook
Fertilizer
Pharmaceutical
Feed Food Additive
Water Treatment
Others
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