AmmoniumSulfate Market: Introduction
TransparencyMarket Research delivers key insights on the global ammonium sulfatemarket. In terms of revenue, the global ammonium sulfate marketis estimated to expand at a CAGR of ~5% during theforecast period, owing to numerous factors regarding which TMR offers thoroughinsights and forecasts in its report on the global ammonium sulfate market.
Theemergence of biofertilizers is likely to hamper the global ammonium sulfatemarket during the forecast period. The increase in demand for ammonium sulfateas fertilizer and additive in pharma and food applications is estimated todrive the global ammonium sulfate market over the next decade, as ammoniumsulfate is extensively employed in agriculture and food industries.
Ammonium Sulfate Market: Dynamics
The demandfor ammonium sulfate is increasing for the manufacture of agriculture products.Ammonium sulfate plays a major role in the agriculture industry. It is employedas a fertilizer in crop production to achieve better yield. The expansion ofthe fertilizer industry in developed and developing economies is driving theglobal ammonium sulfate market.
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Ammoniumsulfate is an important ingredient used as food additive. It is an inorganicsalt, and can be used as stabilizer, buffering agent, bread enhancer, and doughstrengthener. Therefore, it is commonly added to bakery and confectioneryproducts. Food additives are widely used in the food industry. Ammonium sulfateis used as an acidity regulator in food. It is also employed in the manufactureof sausage casings, wine production, bread and pasta products, and baker’syeast fermentation. This is estimated to boost the global ammonium sulfatemarket during the forecast period.
Theammonium sulfate is extensively employed as agrochemical (including fertilizer).Modern farming methods mostly rely on agrochemicals for higher productivity andreduced crop loss, as incidences of crop infestation have increased across theglobe of late. This is expected to drive the global ammonium sulfate market.
Theammonium sulfate is a flame retardant chemical that is applied to makecombustible materials more resistant to fire. Flame retardants decrease themomentum of combustion and stop fire from scattering to other items. The growthof the textile industry is likely to create lucrative opportunities for theglobal ammonium sulfate market in the near future.
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The demandfor bio-based products has been rising significantly since the past few yearsin developed and developing countries. Consumers are not just eating organic;they are incorporating them into their lifestyle. The demand for bio-basedproducts is estimated to increase, as consumers consider organically grown foodas a healthy and nutritious option to conventionally grown products. This isprojected to drive the biofertilizers market. Thus, increase in the demand forbiofertilizers can acts a restraint for the global ammonium sulfate market.
Ammonium Sulfate Market: ProminentRegions
AsiaPacific dominates the global ammonium sulfate market. Fertilizer and foodsectors in this region are estimated to expand at a rapid pace between 2021 and 2031.This is expected to boost the demand for ammonium sulfate in Asia Pacific, asammonium sulfate is widely used in agriculture and food industries.
China isanticipated to be a highly attractive country for ammonium sulfate in AsiaPacific during the forecast period. Food and agriculture sectors in China havebeen witnessing strong growth since the past few years, owing to the rise inincome of the people in the country. This has boosted the demand for fertilizerand food additives, thus driving the ammonium sulfate market in China.
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NorthAmerica is likely to be another highly attractive region of the global ammoniumsulfate market during the forecast period. The U.S. held major share of theammonium sulfate market in North America in 2020. Investmentsin the agriculture sector have increased in the U.S. of late. This is drivingthe demand for ammonium sulfate in the agriculture sector in the country.
Ammonium Sulfate Market: Key Players
Majorplayers operating in the global ammonium sulfate market are BASF SE, EvonikIndustries AG, Lanxess, Sumitomo Chemical, Honeywell International, DomoChemicals, Arkema, OCI Nitrogen, Helm AG, ArcelorMittal S.A., Hawkins, UbeIndustries, General Chemical, and Martin Midstream.
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