Uploaded by Francis Greene

Ammonium Sulphate Industry Size, Share, Demand & Growth by 2032

advertisement
Ammonium Sulphate Industry Size, Share, Demand & Growth by 2032
The global ammonium sulphate market is poised for substantial growth, projected a robust
7.5% CAGR from 2022 to 2032, culminating in a market valuation of USD 6.18 billion. This
upward trajectory is primarily driven by the escalating demand for ammonium sulphate in
the agricultural sector, where it is extensively used as a nitrogenous fertilizer. Additionally,
the market’s expansion is bolstered by the compound’s emerging applications in the
biopharmaceutical industry, as well as its incorporation in the cake and confectionery sector.
These diverse applications underscore the versatile nature of ammonium sulphate,
significantly contributing to its market growth and highlighting its increasing importance
across various industries.
Von 2017 bis 2021 verzeichnete die Branche ein bemerkenswertes Wachstum, verzeichnete
eine durchschnittliche jährliche Wachstumsrate von 5 % und schloss bei 2,79 Milliarden USDollar. Die COVID-19-Pandemie wirkte sich positiv auf die Nachfrage nach
Ammoniumsulfat aus, da es häufig bei der Herstellung von Desinfektionsmitteln und
Oberflächenreinigern verwendet wird. Darüber hinaus schafft die Modifizierung von
Ammoniumsulfat zur Maximierung seiner Verwendung Chancen für den Markt.
Die zunehmende Verwendung von Ammoniumsulfat in Europa zur Wasserrückhaltung und
in der Landwirtschaft im asiatisch-pazifischen Raum trägt weiter zum Marktwachstum bei.
Darüber hinaus fördert die Verwendung von Ammoniumsulfat zur Holzkonservierung und
Bodenerhaltung das Wachstum des Marktes. In den kommenden Jahren wird die
Abhängigkeit der Endverbraucherindustrien von Ammoniumsulfat aufgrund seiner
vielseitigen Verwendung voraussichtlich zunehmen.
Browse the Complete Report!
Key Takeaways from the Market Study

By production process, caprolactam is expected to hold 40% market share for
ammonium sulphate in 2022.

North America is expected to hold 45% for ammonium sulphate market in 2022.

Asia Pacific is expected to possess 40% of market share for global ammonium
sulphates market in the assessment period 2022-2032.

Europe is expected to procure 35% of market share for ammonium sulphates market
in the forecast period 2022-2032.
“The increasing use of ammonium sulphate in end user industries especially in the
agricultural sector by different geographical locations is increasing the demand for the
same.” says an FMI analyst
Market Competition
Key players in the ammonium sulphate market are Koninklijke DSM N.V. (Fibrant), JSC
KuibyshevAzot, UBE Industries Ltd, Toray Industries Inc., China Petrochemical
Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC
“Grodno Azot”, Grupa Azoty, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd,
Sumitomo Chemical, Evonik Industries AG
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a
member of the Greater New York Chamber of Commerce) offers profound insights into the
driving factors that are boosting demand in the market. FMI stands as the leading global
provider of market intelligence, advisory services, consulting, and events for the Packaging,
Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local
expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware — 19713, USA
T: +1–845–579–5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Download