Ammonium Sulfate Market | Research Insights, Leading Players, Current Trends And COVID-19 Impact Analysis

[Ram Vasekar]

Market Synopsis:

As per Market Research Future (MRFR)’s latest assessment, the global ammonium sulphate market is expected to expand at a moderate pace through the forecast period 2030 to 2030. Ammonium ions lower the PH level of soil and are used in the production of fertilizers for alkaline soil. This is one of the primary factors responsible for catapulting the Ammonium Sulfate Market on an upward trajectory.

Ammonium sulphate has developed an application in food additives as acidity regulator for flours & bread. This is likely to augment the ammonium sulphate market during the assessment period. In addition, it is excessively used in flame retardants, textiles and leather products. The large-scale requirement for ammonium sulphate in industrial processes is also anticipated to favorably impact the growth of the ammonium sulphate market.

The harmful effects of ammonium sulphate on human lives and environment have attracted the attention of the governments leading to the enforcement of strict regulations. These are poised to check the proliferation of the ammonium sulphate in the foreseeable future. However, the focus on the development of low content fertilizers has opened new avenues of growth opportunities which are expected to have a positive influence on the demand for ammonium sulphate through the review period.

Market Segmentation:

By product, the global ammonium sulphate market has been segmented into solid and liquid. The soli segment is likely to hold a dominant position in the market due to its water-soluble characteristic.

By application. The ammonium sulphate market has been segmented into fertilizers, food additives, industrial, and others. The fertilizer segment is expected to account for the maximum share of the ammonium sulphate market towards the end of the forecast period. The industrial segment is estimated to exhibit significant growth in the foreseeable future due to the rising demand for flame retardants, textiles, etc.

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Regional Insights:

The global ammonium sulphate market, by region, has been segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific currently holds a pole position in the marketplace owing to rising demand for ammonium sulphate across different end-user industries. The consumption of ammonium sulphate in fertilizers, food additives, and others are expected to drive the expansion of the market in the region. Countries that are expected to emerge as lucrative country-level ammonium sulphate markets are China, Indonesia, and India.

North America is likely to exhibit stagnant growth over the next couple of years. The hazardous nature of the chemical compound is restricting the expansion of ammonium sulphate market in the region. However, the deficiency of sulphate in the soil in certain regions is projected to catalyze the growth of the market over the assessment period.

The adverse effects of ammonium sulphate on environment and humans have encouraged the governments to restricts its trading. This has come as a restraint to the regional ammonium sulphate market. However, the focus towards the manufacturing of low content ammonium sulphate and other fertilizers is likely to favor the expansion of the market in the forthcoming years. Meanwhile, Latin America and the Middle East & Africa are prognosticated to unfold significant development in the Ammonium Sulfate Market over the next few years.

Competitive Dashboard:

Some of the key players profiled in the report are JSC Grodno Azot (Belarus), BASF SE (Germany), Koninklijke DSM N.V. (the Netherlands), Lanxess (Germany), Honeywell International Inc. (U.S.), Ube Industries, Ltd (Japan), KuibyshevAzot (Russia), Domo Chemicals (Belgium), OCI Nitrogen (the Netherlands), and GSFC (India).

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Industry News:

In February 2018, Henry, a producer of fertilizer, has initiated a three-phase expansion of its plant.

In November 2018, PJSC Azot (Cherkasy), part of Dmytro Firtash’s Group DF, has started the production of mineral fertilizers – a Sulphur infused urea-ammonium mixture in Ukraine which has 8.2-8.6% ammonium sulphate.

In November 2018, Indian researchers from the states of Mumbai and Pune have discovered a green technique for the conversion of plaster of Paris into ammonium sulphate and calcium bicarbonate.

In December 2018, EuroChem Group AG, a nitrogen and phosphate fertilizer company, has initiated production at Russia’s first urea ammonium sulphate (UAS) facility.