Ammonium Sulfate Market Key Players:
Ammonium Sulfate Market are: BASF SE (Germany), Honeywell International Inc. (U.S.), Koninklijke DSM N.V. (the Netherlands), LANXESS (Germany), UBE INDUSTRIES, LTD (Japan), OCI Nitrogen (the Netherlands), KuibyshevAzot (Russia), DOMO CHEMICALS (Belgium), JSC Grodno Azot (Belarus), and GSFC (India) among others.
Ammonium Sulfate Market Segmental Analysis:
Ammonium Sulfate Market is segmented into the product and application. On the basis of the product, the market is further categorized into solid and liquid segments. Among these, the solid segment holds a majority of the market share due to its water-soluble ability and can be obtained as finely crushed particles. It is predicted that the liquid segment is set to grow at a moderate rate due to its limited use in the end-use industries. The market by application is further categorized into fertilizers, food additives, industrial, and others.
Among these, the fertilizers segment accounts for major share of the market owing to growing popularity of nitrogen sulfate in agriculture, textiles, coatings, and other sectors. The growing adoption of additives in food & beverages is set to grow at a higher CAGR in the market as they provide exceptional taste to the product. Moreover, the industrial segment is estimated to witness a significant growth in the market due to increasing demand for fertilizers in agriculture and others.
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Ammonium Sulfate Market Overview:
Ammonium Sulfate is an organic compound composed of 24% sulfate ions and 21% nitrogen in the form of ammonium ions. It is primarily used as a fertilizer for alkaline soils because ammonium ions lower the pH value of soil. Moreover, its ability to be used as a food additive and purification agent are the major trends and factors affecting the market confidently. Therefore, they are used in various applications such as fertilizers, food additives, industrial, and others.
Ammonium Sulfate is composed of sulfate and ammonium ions that offer excellent solubility and pH value when used in a smaller amount. The global ammonium sulfate market has been driven by the range of its application in various sectors such as fertilizers, food additives, industrial use and others. Moreover, it is estimated that the fertilizers segment is set to witness the highest growth in the market due to the growing consumption of ammonium sulfates in this sector over the forecast period.
Ammonium Sulfate Market Regional Analysis:
Ammonium Sulfate Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing consumption of ammonium sulfate in fertilizers, food additives, industrial, and others. The fertilizers segment holds the major portion and is anticipated to continue its dominance in the market due to increasing demand for sulfate fertilizers in the end-use industries, during the forecast period. Therefore, countries such as China, Indonesia, and India are the major players in this market.
The North America region has witnessed a stagnant growth due to extensive consumption of ammonium sulfate in the end-use industries. The presence of toxic materials in the product has propelled countries such as the U.S., Canada, and Mexico to achieve a moderate growth in the market as they are hazardous to human beings. Moreover, it is predicted that growing sulfate deficient soils in the region are likely to drive the market during the forecast period.
Ammonium Sulfate Table of Content to be Continue……,
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