Ammonium Sulfate Market Analysis Overview:
Ammonium sulfate Market is a chemical compound that is primarily used as a fertilizer in agriculture. It is also used in the production of other chemicals such as ammonium persulfate and herbicides. The global ammonium sulfate market is expected to grow at a moderate pace during the forecast period due to the increasing demand for fertilizers in the agriculture sector.
Ammonium Sulfate Market was valued at USD 2.69 Billion in 2021, registering a CAGR of 6.9% during the forecast period (2022-2030), and is projected to be worth USD 4.90 Billion by 2030
The increasing global population and the growing demand for food have led to the expansion of the agriculture industry. This has resulted in an increase in the demand for fertilizers, including ammonium sulfate. Additionally, the shift towards sustainable agriculture practices and the adoption of precision farming techniques are expected to drive the growth of the ammonium sulfate market.
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Ammonium Sulfate Market Includes Key Players:
· Novux International
· Sumitomo Chemical
· Honeywell International
· BASF SE
· Evonik Industries
· Lanxess Corporation.
Market players have significant opportunities in the ammonium sulfate market due to the growing demand in emerging economies like China and India. The trend towards sustainable agriculture practices and precision farming techniques also presents opportunities for the development of innovative products to meet the changing needs of the industry.
The study is consolidated into major segments and further into sub-segments, such as:
· Food & Feed Additives
· Water Treatment
· North America– (U.S., Canada, Mexico)
· Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
· Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
· Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
· The Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
The Ammonium sulfate Market Trend towards organic farming practices is expected to drive the demand for organic fertilizers, including ammonium sulfate. The increasing use of ammonium sulfate in the production of herbicides and pesticides is expected to drive the growth of the market.
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