The global ammonium sulfate market is experiencing steady growth and is projected to reach a valuation of approximately USD 6.18 billion by the end of 2032, with a CAGR of 7.5% expected from 2022 to 2032.
The U.S. Food and Drug Administration (FDA) has classified ammonium sulfate as safe for use as an acidity regulator in flours and breads, which will further enhance its demand in the bakery and confectionery sectors.
In 2020, the Asia Pacific region dominated the global market, holding a 29.03% share. Key drivers of growth in this region include increasing agricultural production, a rise in confectionery food consumption, and a growing reliance on nitrogen-based fertilizers.
“Global leaders in the ammonium sulfate market are increasingly investing in new technologies to enhance production rates and meet the rising demand for surface disinfectants, especially in light of the COVID-19 pandemic,” says an analyst at FMI.
Key Takeaways:
- The U.S. leads the global market, driven by high demand from the bakery and confectionery industry, as well as growing agricultural activities.
- In the U.K., increasing demand for wood preservatives and improved water treatment solutions is fueling ammonium sulfate market growth.
- Germany’s market growth is supported by the rising need for innovative nitrogenous fertilizers to enhance soil fertility.
- China leads the Asia Pacific market due to its vast arable land, totaling 118.9 thousand hectares, driving fertilizer demand.
- Caprolactam-based production is the dominant segment, attributed to the rising adoption of nitrogenous and compound fertilizers.
Competitive Landscape:
Key players are focusing on expanding manufacturing capacities to meet the growing demand for ammonium sulfate in various applications and establishing long-term partnerships with end-users to strengthen supply chains. For example:
- In April 2021, Evonik Industries AG launched new product lines, “INFINAM TI 3100 L” and “INFINAM ST 6100 L,” aimed at 3D printing with photopolymers.
- In March 2021, Ube Industries announced a collaboration to jointly build fueling stations and supply ammonia marine fuel in Japan, partnering with Uyeno Transtech Co., Ltd.
Key Players
- 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
Key Segments Profiled in the Ammonium Sulphate Market Industry Survey
Ammonium Sulphate by Production Process:
- Ammonium Sulphate for Caprolactam
- Ammonium Sulphate for Coke Oven Gas
- Ammonium Sulphate for Gypsum
- Ammonium Sulphate for Neutralization & Others
Ammonium Sulphate by Region:
- North America Ammonium Sulphate Market
- Latin America Ammonium Sulphate Market
- Europe Ammonium Sulphate Market
- Asia Pacific Ammonium Sulphate Market
- Middle East & Africa Ammonium Sulphate Market
Report Preview: https://www.futuremarketinsights.com/reports/western-european-buyers-eying-asian-suppliers-for-uninterrupted-ammonium-sulphate-supply-market
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.
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