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Ammonium Sulfate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jun 2021 | 168 Views
 
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Ammonium Sulfate Market Analysis 2020-2027

Ammonium sulfate is manufactured as a byproduct of industrial processes including caprolactam and coke oven production and it is an inorganic compound. It can also be produced synthetically using sulfuric acid and pure ammonia. Majority of commercially available products is obtained during the caprolactam oxidation process.

Ammonium sulfate was one of the first and most widely used nitrogen fertilizers for crop production. It is now less common but especially valuable where both nitrogen and sulfur are required. Its high solubility provides versatility for several agricultural applications.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Product, Application, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Novus International, Sumitomo Chemical, Helm AG, Domo Chemicals, BASF, SABIC, and Honeywell International

 

COVID-19 Impact

  • The global market for ammonium sulfate market is severely impacted by the outbreak of the COVID-19 pandemic. 
  • The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns. 
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of ammonium sulfate, which negatively impact the market growth.

Top impacting factors: Market Scenario Analysis, Trends Drivers 

Ammonium sulphate market is predicted to see a boost during the forecast period due to increase in usage of it in the pharmaceutical and food additive industries. Ammonium sulphate as an additive, which helps in controlling the pH level of baked products and is usually used as a dough conditioner and dough strengthener. Thus, the U.S. Food and Drug Administration (FDA) has considered ammonium sulfate as a safe acidity regulator in bread and flours. 

One of the major factors boosting the worldwide ammonium sulphate market is use of the product as a soil fertilizer as the chemical contains nitrogen and sulfur. Further, ammonium sulphate consists nitrogenous elements as well as sulfur which is used for protein synthesis in plants. It is also used for decreasing the acidity in alkaline soils as they have a high pH level. Moreover, ammonium sulphate is also used for flooded soils used in rice cultivation as nitrate-based fertilizers are a poor choice as they could lead to denitrification and leaching. Hence, due to various uses mentioned above, ammonium sulphate market is anticipated to see great opportunities for revenue generation during the forecast period. However, ammonium sulfate is toxic to human health. For instance, worker’s exposure to ammonium sulfate in production sites, transportation and processing could cause severe respiratory route infection due to inhalation of aqueous aerosols and dust. Prolonged skin contact might cause dermatitis, lung damage, and permanent eye damage. Such factors are predicted to hamper the market growth.

Regional Analysis

The global ammonium sulphate market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the largest market over the coming years in response to the growing population, along with the rise in food consumption, has led to an increase in the overall demand for agricultural commodities. This demand has encouraged local farmers to increase agricultural productivity by incorporating fertilizers. In addition to this, increased dependency on nitrogen-based fertilizers is further expected to complement the growth of this region. In addition, Europe is expected to register significant growth, since it has imposed restrictions on the consumption of nitrates, which is expected to positively impact the demand for ammonium sulfate. 

Key segments covered:

Segments

Subsegments

   Product Outlook

  • Solid
  • Liquid

  Application

  • Fertilizers
  • Pharmaceuticals
  • Food & Feed Additives
  • Water Treatment
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global ammonium sulfate market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ammonium sulfate market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ammonium sulfate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global ammonium sulfate market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Ammonium Sulfate Market research report:

  • Who are the leading market players active in the ammonium sulfate market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the ammonium sulfate market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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