Ammonium Sulfate Market
Segmentation By Product Form (Solid and Liquid) and By Application (Fertilizers, Industries, Pharmaceuticals, Food & Beverages and Others) - Global Industry Demand Analysis and Opportunity Assessment 2018-2026
Buy Now
Segmentation By Product Form (Solid and Liquid) and By Application (Fertilizers, Industries, Pharmaceuticals, Food & Beverages and Others) - Global Industry Demand Analysis and Opportunity Assessment 2018-2026
Buy NowGlobal Ammonium Sulphate Market
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
3.1 Key Takeaways
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Global Ammonium sulfate Market
5.1.1 Introduction
5.1.2 Drivers
5.1.2.1 Growing Demand for Nitrogen- and Sulfur-Rich Fertilizers
5.1.2.2 Raw Material Advantage to Drive the Market from Supply Side
5.1.2.3 Drivers Impact Analysis
5.1.3 Restraint
5.1.3.1 Availability of Substitutes
5.1.3.2 Restraints Impact Analysis
5.1.4 Opportunities
5.1.4.1 Positive Outlook for Rice Production in Asia-Pacific
5.1.5 Trends
5.1.5.1 Increasing Use of Bio-based Fertilizers
6 Market Factor Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Materials
6.1.2 Ammonium Sulfate Manufacturers
6.1.3 Distribution Channel
6.1.4 Applications
6.2 Porter’s Five Forces Model
6.2.1 Threat of New Entrants
6.2.2 Threat of Rivalry
6.2.3 Threat of Substitutes
6.2.4 Bargaining Power of Suppliers
6.2.5 Bargaining Power of Buyers
7 Global Ammonium Sulfate Market, by Product Type
7.1 Introduction
7.2 Solid
7.3 Liquid
8 Global Ammonium Sulfate Market, by Application
8.1 Introduction
8.2 Fertilizers
8.3 Industrial Use
8.4 Pharmaceutical
8.5 Food & Beverage
8.6 Water Treatment
8.7 Textile Dyeing
8.8 Others
9 Global Ammonium Sulfate Market, by Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Russia
9.3.4 France
9.3.5 Spain
9.3.6 Italy
9.3.7 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia and New Zealand
9.4.5 Indonesia
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Mexico
9.5.4 Rest of Latin America
9.6 Middle East and Africa
9.6.1 Turkey
9.6.2 UAE
9.6.3 Saudi Arabia
9.6.4 Egypt
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa
10 Competitive Landscape
10.1 Competitive Landscape
10.1.1 Introduction
10.1.2 Key Development Analysis
10.1.3 Market Strategy analysis
11 Company Profiles
11.1 Royal DSM
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategies
11.2 Honeywell International Inc
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offered
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategies
11.3 BASF SE
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offered
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategies
11.4 Sumitomo Chemical Co., Ltd
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offered
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategies
11.5 Merck KGaA
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offered
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategies
11.6 Evonik Industries AG
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offered
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategies
11.7 LANXESS
11.7.1 Company Overview
11.7.2 Financial Overview:
11.7.3 Products Offered
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategies
11.8 HELM AG
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products Offered
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategies
11.9 DOMO Chemicals
11.9.1 Company Overview
11.9.2 Financial Overview:
11.9.3 Products Offered
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategies
11.10 Nutrien Ltd
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products Offered
11.10.4 Key Developments
11.10.5
11.10.6 SWOT Analysis
11.10.7 Key Strategies
11.11 OCI Nitrogen
11.11.1 Company Overview
11.11.2 Financial Overview
11.11.3 Products Offered
11.11.4 Key Developments
11.11.5 SWOT Analysis
11.11.6 Key Strategies
11.12 AdvanSix
11.12.1 Company Overview
11.12.2 Financial Overview
11.12.3 Products Offered
11.12.4 Key Developments
11.12.5 SWOT Analysis
11.12.6 Key Strategies
11.13 ArcelorMittal
11.13.1 Company Overview
11.13.2 Financial Overview
11.13.3 Products Offered
11.13.4 Key Developments
11.13.5 SWOT Analysis
11.13.6 Key Strategies
11.14 Vertellus Holdings LLC
11.14.1 Company Overview
11.14.2 Financial Overview
11.14.3 Products Offered
11.14.4 Key Developments
11.14.5 SWOT Analysis
11.14.6 Key Strategies
11.15 GAC CHEMICAL
11.15.1 Company Overview
11.15.2 Financial Overview
11.15.3 Products Offered
11.15.4 Key Developments
11.15.5 SWOT Analysis
11.15.6 Key Strategies
12 Conclusion
12.1 Key Findings
By Application
The global ammonium sulfate market has been segmented on the basis of application into fertilizers, industries, pharmaceuticals, food & beverages and others. The fertilizers segment with around 88% share in the year 2017, occupies the largest market of ammonium sulfate across the globe. Additionally, fertilizer segment is anticipated to cross USD 3900 million by the end of 2026 and is anticipated to flourish at a modest CAGR over the forecast period. Ammonium sulphate is extensively used to enhance the soil quality and microbial growth which ultimately increases the yield of crops.
The global ammonium sulfate market is segmented by regions into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Among these regions, the market of Asia Pacific ammonium sulfate is primarily driven by nations such as China, India and Japan, where the cultivation of rice is increasingly high on the back of growing population in the nations which is raising the need for production of crops in these nations. The ammonium sulfate market in Asia Pacific was valued at around USD 1400 million in the year 2017 which contributed to a share of around 41% in the same year. The market in the region is further anticipated to reach a value of around USD 1900 million by the end of 2026. Additionally, Asia Pacific is also expected to expand by observing the growth rate of around 1.36x over the assessment period, which in turn is estimated to have a positive effect on the demand for ammonium sulfate in the long run.
Further, the ammonium sulfate market in North America is anticipated to grow at a modest CAGR over the forecast period on the back of alkaline nature of the soil in the region, which is raising the need for greater utilization of ammonium sulfate fertilizers. The market in the region is primarily driven by the United States, which is also known for being the largest individual consumer of aluminum sulfate.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Growth Indicators
According to the statistics of the Food & Agricultural Organization (FAO) of the United Nations, the global demand for fertilizers, namely nitrogen, phosphorus and potassium (in total), is expected to grow from 185063 thousand tonnes in the year 2016 to 200919 thousand tonnes in the year 2022.
The demand for fertilizers across the globe is increasing subsequently owing to the growing population which is raising the need for the production of food that needs to be cultivated within the limited arable land available. Fertilizers are widely used in the cultivation of crops. Amongst all the chemical components available in fertilizers, nitrogen and sulfur are the two key constituents of fertilizers which help to increase soil fertility. Apparently, ammonia is the major raw material which is used to manufacture fertilizers. Chemically, ammonium sulfate-based fertilizers are made up of 21% nitrogen and 24% sulfur. The numerous available advantages of ammonium sulfate in fertilizer applications is thereby expected to drive the growth of the global ammonium sulfate market. Additionally, the growing demand for caprolactam, which is used for the production of ammonium sulfate, in the developing countries, along with the capacity addition for the production of caprolactam is also anticipated to drive the growth of the global ammonium sulfate market.
Barriers
Availability of substitutes that provide the three primary nutrients, i.e. nitrogen, phosphorus and potassium, responsible for enhancing the nutrient content of fertilizers, along with the concern that ammonium sulfate accounts for nearly 4% of the total demand for nitrogen-based fertilizers, which raises the need for the utilization of substitutes, are some of the factors anticipated to impact negatively towards the growth of the global ammonium sulfate market.
Some of the affluent industry leaders in the global ammonium sulfate market are Sumitomo Chemical Co. Ltd., Nutrien Ltd., Evonik Industries AG, Lanxess, HELM AG, Domo Chemicals, Merck KGaA, DSM, Honeywell International Inc. and BASF SE.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Rising demand for fertilizers amongst farmers in the agriculture industry for increasing production of crops is one of the major factors that is driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of around 3% over the forecast period, i.e. 2018-2026.
Ans: North America is anticipated to provide more business opportunities for the growth of the market in the future.
Ans: The major players in the global ammonium sulfate market are Sumitomo Chemical Co. Ltd., Nutrien Ltd., Evonik Industries AG, Lanxess, HELM AG, Domo Chemicals, Merck KGaA, DSM, Honeywell International Inc. and BASF SE.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is majorly segmented by product form, application and by region.
Ans: The fertilizers segment, which is a sub-segment of the application segment, held the largest market share of around 88% in the year 2017 is anticipated to show significant growth opportunity in the future.
Ans: Availability of substitutes for meeting the requirements of fertilizers is one of the major factors anticipated to act as a barrier towards the growth of the global ammonium sulfate market.
Submit Your Request For Proposal (RFP)
