The increased use of nitrogen-based fertilizers to boost crop yields in response to rising food demand is expected to stimulate product demand in the near future. Because the chemical includes nitrogen and sulphur, it is used as a soil fertilizer, which is a major factor likely to drive growth of the global Ammonium Sulfate Fertilizer market in the years to come. Because alkaline soils have a high pH level, it is mostly utilized to reduce acidity. Ammonium sulphate is a compound that has nitrogenous components as well as sulphur, which is necessary for plant protein synthesis. Because nitrate-based fertilizers can cause denitrification and leaching, the product is also often favored for flooded soils used in rice production.
Ammonium sulphate refers to an inorganic chemical produced mostly as a byproduct of industrial operations such as the manufacturing of coke ovens and caprolactam. Sulfuric acid and pure ammonia are also used to make it synthetically. The caprolactam oxidation process yields the bulk of commercially accessible compounds.
This study from Transparency Market Research (TMR) provides a complete insight of the global ammonium sulfate fertilizer market. It provides well-researched data on a variety of market aspects in order to provide useful business input for profit generation.
Manufacturing technology, product grade, regulatory clearances, and price are all competitive variables that have a significant influence on growth of the global Ammonium Sulfate Fertilizer Market. To sustain long demand and remain competitive in the market, major manufacturers are focused on the creation of long-term contracts with end-users. Furthermore, producers must be mindful of the shifting regulatory landscape across borders and design particular grades as a result.
The noted players that are operational in the global ammonium sulfate fertilizer market are Honeywell International Inc., Royal DSM N.V., GFS Chemicals Inc., BASF SE, Martin Midstream Partners L.P., Amresco Inc.
Below-mentioned market trends and opportunities mark the global ammonium sulfate fertilizer market:
Water treatment, medicines, fertilizers, and food and feed additives are all common uses for ammonium sulphate. Because of the rising population, the market is primarily driven by augmented food consumption. Increasing demand for food products has resulted in rising agricultural production across the world, thereby driving up demand for agrochemicals including insecticides and fertilizers.
Because the product is high in sulphur (S) and nitrogen (N), it can be used to satisfy the nutritional needs of developing plants. Soybeans, rapeseed, potatoes, rice, and citrus fruits are amongst the crops that benefit from it. As a result of the extensive growth of these crops, the demand for ammonium sulphate is strong in emerging nations such as Vietnam, India, Indonesia, and Brazil.
On the other side, the pharmaceutical industry is expected to grow at a very fast rate in terms of value throughout the forecast period. The rising usage of ammonium sulphate in vaccine production is expected to boost demand for the commodity. Because of increased knowledge of illnesses and the accompanying pre-treatment procedures, vaccination demand is expected to expand significantly.
Due to increased agricultural production, Asia Pacific is likely to lead the global Ammonium Sulfate Fertilizer market during the forecast period. Increased dependence on nitrogen-based fertilizers is expected to raise product demand. The surge in consumption of food products, combined with the rising population, has resulted in an increase in total demand for agricultural products. This need has prompted local farmers to use fertilizers to boost crop output.
The demand for ammonium sulphate in the area is projected to be driven by rising population and advances in agricultural practices in the emerging markets of India, Vietnam, China, and Indonesia.