PUBLISHER: Market Research Future | PRODUCT CODE: 1684511
PUBLISHER: Market Research Future | PRODUCT CODE: 1684511
In 2023, the ammonium sulphate market was valued at USD 5,440.7 million. The Ammonium Sulphate Market is expected to expand to USD 6,998.4 million by 2032, with a compound annual growth rate (CAGR) of 2.83% during the forecast period (2024-2032). Ammonium sulfate is an inorganic salt with the chemical formula (NH4) 2SO4, produced through the interaction of sulfuric acid (H2SO4) with ammonia (NH3). This chemical is important in a variety of industrial and agricultural applications, owing to its high-water solubility and ability to feed plants with critical nutrients.
The increasing demand for ammonium sulfate in the European food sector is largely due to its widespread use in a variety of food applications, including bread, baked goods, winemaking, brewing, and sausage production. The food sector in Europe is increasingly reliant on this molecule due to its nitrogen content, which is crucial in food production operations. Bread is a daily staple in Europe, and the growing demand toward organic and artisanal bread has resulted in a greater use of ammonium sulfate in bread production. Ammonium sulfate functions as a dough conditioner, increasing the elasticity and consistency of bread dough, resulting in a better texture and quality in the finished product.
Market Segment insights
The Europe Ammonium Sulphate Market has been split into two types: solid and liquid.
The Ammonium Sulphate market is divided into several applications, including fertilizer, industrial, textile, water treatment, food, and others.
Regional insights
The Europe market is divided into the following countries: Germany, France, the United Kingdom, Spain, Italy, Russia, the Netherlands, Portugal, Poland, Ukraine, Romania, Belgium, Sweden, Denmark, Norway, and the rest of Europe. Among them, Belgium is expected to dominate the European Ammonium Sulphate market revenue during the projected timeframe. Belgium's agricultural sector, albeit smaller than those of its neighbors, still relies on fertilizers such as ammonium sulfate to maintain soil fertility and increase crop yields. The country's emphasis on high-value crops such as vegetables, fruits, and decorative plants need nutrient management, and ammonium sulfate contributes necessary nitrogen and sulfur. In addition to agriculture, Belgium's thriving chemical and pharmaceutical industries employ ammonium sulfate in processes such as protein purification and water treatment. The country's superior industrial base and emphasis on innovation boost demand for ammonium sulfate in a variety of specialist applications, such as flame retardants and textiles. Belgium's commitment to sustainability and environmental preservation may have an impact on future fertilizer consumption, but ammonium sulfate's function in agriculture and industry ensures its continuous importance in the Belgian market.
UBE Corporation Europe, BASF SE, Evonik Industries AG, Lanxess, Sumitomo Chemical Co., Ltd., Honeywell International Inc., DOMO Chemicals, Fibrant, Glentham Life Sciences, and Jost Chemical Co. are among the key players in the ammonium sulphate market.