Ammonium Sulfate Market Size & Share, Product (Solid, Liquid); Application; Production Process - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 6205
  • Published Date: Jun 18, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Ammonium Sulfate Market size was over USD 3.2 Billion in 2023 and is anticipated to cross USD 21 Billion by the end of 2036, witnessing more than 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ammonium sulfate is assessed at USD 5 Billion.

Alongside creating a need for housing and commercial facilities, the growing population puts increased pressure on farmers to grow more crops on a limited amount of land. One of the main obstacles to crop production is the scarcity of agricultural land.

With 6.60 billion people on the planet in 2006, each person had 0.20 hectares of arable land. The number of people on the planet was 7.4 billion in 2016, and by 2020, each person's share of the land will have dropped to 0.19 hectares as per the Food and Agriculture Organization. It is commonly evaluated that the amount of arable land available globally will continue to diminish, leading to a rise in the usage of fertilizers that are intended to enhance output per hectare. It is projected that these factors will increase ammonium sulfate consumption.


Ammonium Sulfate Market
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Ammonium Sulfate Sector: Growth Drivers and Challenges

Growth Drivers

  • High demand for agrochemicals - Ammonium sulfate is an acidic fertilizer that acts quickly and is most effective on alkaline soils. Alkaline soil and ammonium-deficient soil can be re-fertilized with a nitrogen concentration of 20–25%. The need for food crops will rise as a result of population growth, which will propel the agrochemicals industry higher.

    In 2020, the Food and Agriculture Organization (FAO) projects that around 160,492 million tonnes of ammonia would be used as fertilizer. Ammonium sulfate demand is expected to rise as a result of farmers using more nitrogen-containing fertilizers to boost crop yields.
     
  • Escalating demand for nylon fibers - Ammonium sulfate is a byproduct of caprolactam, which is primarily utilized in the manufacture of nylon fibers, and coke oven operations. The increasing demand for nylon fibers in the making of carpets, fishing nets, industrial fabric, and textiles has led to a rise in caprolactam production.

    However, it is anticipated that product consumption will expand slowly, leading to an overstock in the in the upcoming years. The product's price has decreased as a result of this aspect. The global output of nylon, or polyamide, was 6.21 million metric tons in 2022.

Challenges

  • Harmful impact on the environment - Chemical and artificial components, which stimulate plant growth, are composed of fertilizers and a variety of agricultural inputs. In the long term, however, they are also detrimental to the environment.
     
  • Toxic for humans - The human is considered to be harmful to ammonium sulfate. Due to dust and aqueous aerosol inhalation, product exposure could result in serious respiratory infection at the place of processing, manufacture, or transport.

    Diarrhea and long-term eye and lung damage may result from repeated contact with the skin. The expansion of the market is projected to be hampered by these obstacles.

Ammonium Sulfate Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7%

Base Year Market Size

USD 3.2 billion

Forecast Year Market Size

USD 21 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Ammonium Sulfate Segmentation

Product (Solid, Liquid)

Solid segment is likely to hold more than 80% ammonium sulfate market share by 2036. The growth of the segment can be attributed to the surge in demand for the solid category.

Ammonium sulfate crystals in solid form are frequently used as fertilizers in alkaline soils globally because they can improve soil nitrogen levels and address sulfur deficiency. It is expected that crystalline or solid grades will be selected by the pharmaceutical sector due to their purity.

Application (Fertilizers, Pharmaceuticals, Food & Feed Activities, Water Treatment)

Fertilizers segment in the ammonium sulfate market is estimated to showcase growth rate of over 5.5% between 2024 and 2036. Ammonium sulfate is broken down into ammonia, sulfur dioxide, sulphuric acid, nitrogen, and water in the soil.

Nitrogen and sulfur include ammonium sulfate content of 21% and 24% respectively which is a normal nutrient required for fertilizer. However, growth is foreseen to be driven by increasing consumption of fertilizers in agricultural economies.

Production Process (Caprolactam, Coke Oven Gas, Gypsum Process, Neutralization)

In production process segmentation, the gypsum process segment in the ammonium sulfate market will hold a notable size in the upcoming years. The reaction of gypsum to ammonium carbonates in the manufacture of ammonia sulfate is a special method. The gypsum process has been chosen as the preferred choice for the production of this compound, which is suited to a wide range of industrial needs.

The market for ammonium sulfate are supported by other production methods. For example, caprolactam, coke oven gas, neutralization, and a number of alternative approaches along with the gypsum process. Gypsum is utilized in various domains numerous times on a large scale. In more than 90 countries over 110 million tons of gypsum is produced and processed.

Our in-depth analysis of the global market includes the following segments:

          Product

  • Solid
  • Liquid

          Application

  • Fertilizers
  •  Pharmaceuticals
  • Food & Feed Activities
  • Water Treatment

         Production Process

  • Caprolactam
  • Coke Oven Gas
  • Gypsum Process
  •  Neutralization

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Ammonium Sulfate Industry - Regional Synopsis

APAC Market Statistics

Asia Pacific ammonium sulfate market is predicted to dominate revenue share of over 35% by 2036. The Asia-Pacific region is known for its rapid economic growth, industrialization, and expansion of key end-use sectors. Notably, rice plays a crucial role as a staple food across Asia. The Food and Agricultural Organization reports that approximately two billion people in Asia cultivate this crop, and it is a dietary staple for four billion individuals.

Many economies in this area, for instance, India, Bangladesh, and Sri Lanka, rely heavily on agriculture as their main economic activity. While the agricultural sector is advancing gradually, continuous progress is anticipated to create substantial opportunities for the growth of various fertilizers used in farming.

India's status as the largest consumer of pulses globally means it uses 27% of its total production, which constitutes 25% of the global production. Due to the growing population and limited agricultural land, farmers are facing increased pressure. As a result, there is a growing demand for fertilizers, leading to an increase in the demand for ammonium sulfate in the country.

High demand for ammonium sulfate in order to match the need for fertilizers and crop growing industry to propel the market expansion in China.

The high usage of nitrogen-based fertilizers in agricultural practices in Japan is evaluated to boost the demand for ammonium sulfate in the area.

European Market Analysis

Ammonium Sulfate Market size for Europe region is estimated to exceed USD 8 Billion by the end of 2036. The agriculture industry in Europe is exponentially growing due to ample land availability and favorable weather conditions. This leads to increased production of various crops, followed by the high demand for fertilizers. However, several organizations are implementing rules concerning synthetic fertilizers in the area. The European Commission has established multiple regulations governing the production and utilization of chemically produced fertilizers to minimize potential pollution of the soil and underground water sources in the region.

In 2022, the Commission intended to create an Integrated Nutrient Management Action Plan, expanding on the Zero Pollution Action Plan. This initiative is designed to improve coordination and focus on addressing nutrient pollution at its origin. Utilizing recovered nitrogen to replace inorganic fertilizers decreases CO2 emissions, while reclaimed phosphates lessen reliance on imported phosphate rock, and the remaining organic fractions can be utilized in local fields.

The growth in the United Kingdom can be attributed to the growing need for fertilizers in crop cultivation. Regulations related to the use of synthetic fertilizers are currently being implemented in the area.

There has been an increasing demand for fertilizers used in the cultivation of various crops, leading to the development of regulations for their use in Germany by multiple agencies.

Research Nester
Ammonium Sulfate Market Size
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Companies Dominating the Ammonium Sulfate Landscape

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Royal DSM
    • Honeywell International Inc
    • Novus International Inc
    • Lanxess Corporation
    • Evonik Industries AG
    • Arkema S.A.
    • Fibrant B.V.
    • Domo Chemicals

In the News

  • Domo Chemicals has finalized the purchase of Solvay’s "Polyamide" business line, expanding its knowledge and product range in the industry.
  • Evonik has successfully concluded a strategic agreement to supply blue sulfate, a high-quality nitrogen fertilizer designed specifically for the needs of American farmers. This collaboration allows Evonik to effectively meet the market's demands and improve agricultural productivity in the US.

Author Credits:  Rajrani Baghel


  • Report ID: 6205
  • Published Date: Jun 18, 2024
  • Report Format: PDF, PPT
Ammonium Sulfate Market Report Scope
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