Global Ammonium Sulfate Market Size Study, by Product (Solid, Liquid), By Application (Fertilizer, Pharmaceutical, Food & Feed Additive, Water Treatment, Others) and Regional Forecasts 2022-2032

The market's upward trajectory is primarily driven by the increasing demand for ammonium sulfate in nitrogenous fertilizers, extensively utilized in the agricultural sector. Its unique ability to reduce soil alkalinity, along with its composition of nitrogen and sulfur for enhanced protein synthesis, has positioned it as a critical component in modern farming practices. The market is also witnessing heightened demand for the solid variant due to its effectiveness in improving nutrient absorption in alkaline soils and flooded fields, particularly for crops like rice.

The market landscape is characterized by technological advancements in production, with ammonium sulfate being derived as a byproduct from caprolactam manufacturing and coke oven processes. The rising consumption of nylon fibers, driven by demand from industries such as textiles, carpets, and industrial yarn, has amplified caprolactam production, thereby boosting the availability of ammonium sulfate. However, the market faces challenges like oversupply, declining prices, and health hazards associated with prolonged exposure during production and transportation processes.

Regionally, Asia Pacific dominated the market in 2023, with its expansive agricultural sector demanding higher fertilizer consumption. Countries like India, China, and Bangladesh have emerged as key contributors to this growth. On the other hand, Europe and Central & South America are witnessing significant market expansion due to rising investments in high-quality fertilizers and stringent regulations promoting sustainable farming practices.

Ammonium sulfate's diverse applications extend beyond agriculture to industries such as water treatment, pharmaceuticals, and food and feed additives. The liquid variant, increasingly preferred for water treatment due to its non-toxic and stable properties, is projected to gain substantial traction during the forecast period.

The competitive landscape showcases the dominance of multinational corporations such as BASF SE, Evonik Industries, and Honeywell International, alongside regional players innovating in production techniques. This dynamic has fostered intense competition, with companies focusing on cost efficiency, product development, and strategic collaborations.

Major market players included in this report are:

• BASF SE
• Evonik Industries
• Honeywell International
• Sumitomo Chemical
• Lanxess Corporation
• Novus International
• Royal DSM
• Hindustan Dorr-Oliver Limited
• Phillips Petroleum Company
• Republic Steel Corp.
• Airborne Industrial Minerals Inc.
• SABIC
• Domo Chemicals
• Ansor Corp.
• Enva Group

The detailed segments and sub-segments of the market are explained below:

By Product:

• Solid
• Liquid

By Application:

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

By Region:

• North America: U.S., Canada, Mexico
• Europe: Germany, U.K., France, Italy, Netherlands
• Asia Pacific: China, India, Japan, Indonesia, Vietnam
• Central & South America: Brazil, Argentina
• Middle East & Africa: Iran, Egypt

Years considered for the study are as follows:

• Historical year - 2022
• Base year - 2023
• Forecast period - 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand-side and supply-side analysis of the market.