19-Aug-2019: The global ammonium
sulfate market size is expected to reach USD 3.79 billion
by 2025 expanding at a CAGR of 4.9%, according to a new report by Grand View
Research, Inc. Rising usage of nitrogen-based fertilizers to increase the crop
yield is expected to drive the market growth over the forecast period. Need for
nutrients, such as nitrogen and sulfur, is also expected to drive the market in
the years to come. Ammonium sulfate is widely used for food additive
application. It is used as an inorganic salt in food industry. Ammonium sulfate
has a slightly salty taste with no aroma and is commonly used due to its high
solubility characteristics. Thus, high demand for food additives is also
expected to benefit the market growth.
Traditionally
ammonium sulfate was produced by neutralization process; however, there are
several methods of extracting ammonium sulfate, such as caprolactam, gypsum,
coke oven, and others. The Asia Pacific region led the global market in the
past and is anticipated to continue its dominance over the forecast period.
China is expected to remain a major consumer in the regional market owing to
the availability of product at low cost and advancements in agricultural
techniques. Furthermore, growing food & beverages industry is boosting the
demand for ammonium sulfate as a food additive, thereby driving the overall
market.
In
depth research report on Ammonium Sulfate Market
Further key findings from the study suggest:
·
In terms of revenue, the solid ammonium sulfate product
segment is expected to register the highest CAGR of 5.0% over the forecast
period
·
Fertilizers application led the global ammonium sulfate
market with a share of over 91.6% in 2018
·
North America has emerged as a promising region on account of
stringent environmental regulations and increasing sulfur-deficient soils
·
Some of the key companies in the market are BASF SE; Domo
Chemicals GmbH; Honeywell International, Inc.; and SABIC
·
These companies focus on R&D to develop new product
applications in biochemistry and for producing ammonium salts
Grand View Research
has segmented the global ammonium sulfate market on the basis of product,
application, and region:
Ammonium Sulfate Product Outlook (Volume, Kilotons; Revenue,
USD Million, 2014 - 2025)
·
Liquid
·
Solid
Ammonium Sulfate Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Fertilizers
·
Industrial
·
food additives
·
Others
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About
Grand View Research
Grand View Research, Inc. is the 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.
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