1. What is the projected Compound Annual Growth Rate (CAGR) of the Ammonium sulphate Market?
The projected CAGR is approximately 5.1%.
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Ammonium sulphate MarketAmmonium sulphate Market by Application (Fertilizers, Industrial), by North America (U.S., Canada), by Europe (Germany, U.K., France, Italy, Rest of Europe), by Asia Pacific (China, Japan, India, ASEAN, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa) Forecast 2025-2033
The Ammonium sulphate Marketsize was valued at USD 1.04 USD Billion in 2023 and is projected to reach USD 1.47 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period.Ammonium sulfate, the white crystalline solid, is made up of ammonium ions (NH4+) and sulfate ions (SO4^2). It is used most often as a substitute for nitrogen fertilizers, especially for soils with an alkaline nature where other nitrogen sources are less effective. It has the perfect solubility level that enables the plants to quickly absorb it, so they are healthy and yield the maximum kick. Ammonium sulfate, in addition to its various implications in industrial applications, acts as a flame retardant, a protein purifier, and is used as a food additive (E517) for bread making. Its hygroscopic property allows it to be used in laboratories to maintain humidity levels. Due to increased acidification due to carbon dioxide (CO2) generating a lower pH in soil, it is therefore preferred for major crops such as rice, wheat, and corn, which grow well in this acidic soil. To add to this, it has a low cost of ownership and operation and is also great for integration with other allied farmers across the globe.
Application:
Industrial Applications:
The Ammonium Sulphate Market report offers a comprehensive analysis of the market, including:
The market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia-Pacific is the largest market and is expected to continue dominating throughout the forecast period.
Major consumers of ammonium sulphate include farmers, chemical manufacturers, and textile industries. The report provides insights into their consumption patterns and preferences.
The report analyzes the demand drivers and restraints, including population growth, food demand, and industrialization.
The report covers import and export data for key countries and regions, providing insights into global trade flows.
The report analyzes pricing strategies adopted by market players, including discounts, promotions, and contracts.
The market is segmented based on application (Fertilizers, industrial), region (North America, Europe, Asia-Pacific, South America, Middle East & Africa), and industry (textile, pharmaceutical, chemical, detergent).
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.1% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.1%.
Key companies in the market include BASF (Ludwigshafen, Germany), Evonik (Essen, Germany), Sumitomo Corporation (Tokyo, Japan), Lanxess (Cologne, Germany), Domo chemicals (Leuna, Germany), Arkema (Colombes, France), Fibrant (Urmond, Netherlands), Royal DCM (Heerlen, Netherlands), Novus International (Missouri, U.S.), ArcelorMittal (Luxembourg).
The market segments include Application.
The market size is estimated to be USD 1.04 USD Billion as of 2022.
High Demand for Agrochemicals to Drive Market Growth.
N/A
Toxicity May Hamper Market Growth.
N/A
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD Billion and volume, measured in Kilo Tons.
Yes, the market keyword associated with the report is "Ammonium sulphate Market," which aids in identifying and referencing the specific market segment covered.
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