Key Strategies in the Global Ammonium Sulfate Market for 2024 and Beyond

The global ammonium sulfate market is exhibiting steady growth, primarily driven by solid demand from the agriculture and industries sectors. Ammonium Sulfate Market size values at US$ 3.69 billion in 2024. Demand for ammonium sulfate is projected to soar at a CAGR of 3.7% and reach US$ 5.31 billion in value by 2034-end. This growth can be attributed in large part to the increased demand for fertilizers, mainly due to a greater need for higher crop yields with the global population increase in recent times, especially in the Asia-Pacific region, with India and China accounting for the two major contributors.

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Manufacturers of Ammonium Sulfate

Ammonium sulfate is a consolidated market with major companies such as Honeywell International, Lanxess, Domo Chemicals, Sumitomo Chemical, and Arkema catering to the lion's share of the demand. Companies are focused on ramping up production capacities to serve the growing demand from the agricultural and industrial value chains. Apart from these major players, other companies operating in Europe and the Asia-Pacific have also implemented advanced methods of production, such as vacuum absorption and thermal stripping, to drive greater efficiency and output quality.

Key Companies Profiled

• BASF SE
• Nouryon, Evonik Industries
• OCI Nitrogen
• Akamai
• SABIC
• Novus International
• Lanxess Corporation
• Honeywell International
• Sumitomo Chemical
• Royal DSM
• Domo Chemicals
• Stereos S.A.
• Helm AG

Uses of Ammonium Sulfate

Ammonium sulfate is applied for a wide range of purposes; agriculture is the largest sector where ammonium sulfate finds its application. As a nitrogen-based fertilizer, it is particularly good for alkaline soils and contributes to better crop yields, thus becoming one of the important inputs in food production globally. The fertilizer segment accounts for approximately 71% share in the market revenues.

Besides its use in agriculture, ammonium sulfate finds applications in the following:

Water Treatment: Water treatment processes, with the liquid form of this chemical in particular, utilize it in increasing amounts owing to its stability and low toxicity.

Additives to Food and Feed: Ammonium sulfate is used as an additive in animal feed and food due to the reasons behind balancing nutrition.

Pharmaceuticals: The pharmaceutical industry is another field of application for ammonium sulfate, especially in its purer form in crystalline form.

Industrial Uses

Besides agriculture, ammonium sulfate finds a number of pivotal uses in industries. It is used in the pulp and paper industry as an additive that helps make chipboard and paper products. In the leather industry, it is employed as a deliming agent, which is used to remove lime from hides during tanning. It also finds its application in the manufacture of fire extinguishers due to its property as a flame retardant, and in cultivation, it is used as a nitrifying agent for yeast growth.

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Since the demand for ammonium sulfate has constantly risen in almost all industries from agriculture to industrial over the years, the market is sure to continue with its slow and steady rise in growth throughout the decade.

Market Competition

Leading ammonium sulfate producers are incorporating many strategies to achieve their goals, including management of supply chain systems, ensuring quality control of products, new developments, etc. Collaborations, mergers, acquisitions, etc., are some key strategies adopted by market players to get a competitive edge.

Four prominent players, including Domo Chemicals, BASF SE, Fibrant, and Lanxess, in April 1019, entered into a partnership for the formation of ASPE (Ammonium Sulfate Producers Europe). It has been guided by the Europan Chemical Industry Council to promote ammonium sulfate use while increasing awareness about its benefits.

Arkema acquired Arrmaz in 2019 to strengthen its journey into specialty chemicals and product profile.

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