세계의 황산암모늄 시장 예측 : 제품 유형별, 생산 공정별, 용도별, 최종 사용자별, 유통 채널별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Ammonium Sulfate Market is accounted for $3.6 billion in 2024 and is expected to reach $5.5 billion by 2030, growing at a CAGR of 7.3% during the forecast period. Ammonium sulfate is an inorganic salt, and its chemical formula is (NH4)2SO4. In agriculture, it is frequently utilized as a nitrogen fertilizer. By supplying vital nutrients and increasing soil acidity, it promotes crop growth. Ammonium sulfate is also utilized in industry for water treatment, food additives, and medications. It is made by a number of methods, including the ammonia-neutralization of sulfuric acid and the caprolactam by-product process.

According to the Food and Agriculture Organization of the United Nations (FAO), global fertilizer consumption in 2020 reached 201.66 million tonnes of total fertilizer nutrients (N+P2O5+K2O).

Market Dynamics:

Driver:

Rising demand for fertilizers

The increasing global population and growing food demand are driving the need for higher agricultural productivity. This is boosting the demand for fertilizers, including ammonium sulfate, which provides essential nitrogen and sulfur nutrients to crops. As farmers seek to maximize yields and improve soil health, the use of ammonium sulfate as a fertilizer is growing. Its effectiveness in alkaline soils and ability to enhance crop quality further contribute to its rising demand in the agricultural sector.

Restraint:

Fluctuating raw material prices

The production of ammonium sulfate relies on raw materials such as ammonia and sulfuric acid, and prices for these can be volatile. These price fluctuations are influenced by factors like energy costs, supply chain disruptions, and geopolitical events. When raw material prices increase, it directly impacts the production costs of ammonium sulfate, potentially leading to higher product prices. This volatility can create uncertainty for manufacturers and affect profit margins, potentially restrain market growth.

Opportunity:

Growing focus on sustainable agriculture

Farmers and policymakers are prioritizing environmentally friendly farming methods, and there is growing interest in fertilizers that minimize environmental impact while maintaining crop yields. Ammonium sulfate, when used appropriately, can contribute to sustainable agriculture by improving nutrient use efficiency and reducing nitrogen leaching. This trend opens up opportunities for manufacturers to develop and market eco-friendly formulations of ammonium sulfate, potentially expanding their customer base and market share.

Threat:

Stringent regulations

Governments worldwide are implementing stricter controls on fertilizer use to mitigate environmental concerns such as water pollution and soil degradation. These regulations may limit the application of nitrogen-based fertilizers, including ammonium sulfate, in certain regions or for specific crops. Compliance with these regulations can increase production costs and potentially reduce market demand.

Covid-19 Impact:

The COVID-19 pandemic disrupted global supply chains and agricultural activities, impacting the ammonium sulfate market. Initial lockdowns caused production slowdowns and logistical challenges, leading to temporary supply shortages. However, the agricultural sector's essential nature ensured continued demand for fertilizers. As economies recovered, the market saw resurgence in demand, driven by increased focus on food security and agricultural productivity post-pandemic.

The solid segment is expected to be the largest during the forecast period

Over the forecasted timeframe, the solid segment is anticipated to dominate the market share. Solid ammonium sulfate is widely preferred in agricultural applications due to its ease of handling, storage, and application. It offers better control over nutrient release and is less prone to leaching compared to liquid forms. The solid form's versatility in blending with other fertilizers and its suitability for various application methods contribute to its dominance. Additionally, solid ammonium sulfate's longer shelf life and lower transportation costs make it an attractive option for both manufacturers and end-users, further solidifying its market leadership.

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period

During the projection period, the pharmaceuticals segment is expected to grow at the highest CAGR. This rapid growth is driven by the increasing use of ammonium sulfate in pharmaceutical manufacturing processes. It plays a crucial role in protein purification, enzyme production, and as a reagent in various pharmaceutical applications. The expanding pharmaceutical industry, coupled with growing research and development activities, is fueling the demand for high-purity ammonium sulfate. Additionally, its use in vaccine production and as a stabilizer in certain medications is contributing to the segment's accelerated growth.

Region with largest share:

The Asia Pacific region is expected to hold the largest share of the market during the forecast period. This is due to the region's large agricultural sector, growing population, and increasing food demand. Countries like China and India are major consumers of fertilizers, driving substantial demand for ammonium sulfate. The region's focus on improving agricultural productivity to ensure food security further boosts market growth. Additionally, the expanding industrial and pharmaceutical sectors in Asia Pacific contribute to the increased consumption of ammonium sulfate, solidifying the region's position.

Region with highest CAGR:

The Asia Pacific region is predicted to witness the lucrative growth rate throughout the forecast period. This growth is fueled by ongoing agricultural intensification, government initiatives supporting fertilizer use, and increasing awareness about balanced crop nutrition among farmers. The region's developing economies are investing heavily in agricultural infrastructure and technologies, driving demand for efficient fertilizers like ammonium sulfate. Furthermore, the expanding industrial applications of ammonium sulfate in water treatment and pharmaceuticals in countries like China, India, and Southeast Asian nations contribute to the region's high growth rate.

Key players in the market

Some of the key players in Ammonium Sulfate Market include BASF SE, Evonik Industries AG, LANXESS, Sumitomo Chemical Co. Ltd., Honeywell International Inc., OCI N.V., Arkema, Fibrant, Aarti Industries Ltd., Royal DSM, Domo Chemicals, SABIC, Novux International, Nutrien, AdvanSix, UBE Corporation, Grupa Azoty, and Gujarat State Fertilizers and Chemicals Limited.

Key Developments:

In November 2023, Gujarat state fertilizers and chemicals limited started production at its ammonium sulfate manufacturing plant in Vadodara, adding an annual capacity of 132,000 MT.

In October 2023, BASF announced the expansion of its ammonium sulfate production capacity in China to meet growing demand in Asia.

In October 2023, Evonik Industries AG entered an agreement to supply blueSulfate, a liquid ammonium sulfate solution, from its Mobile, AL site to Interoceanic Corporation.

Product Types Covered:

• Solid
• Liquid

Production Process Covered:

• Chemical Processes
• Gypsum
• Other Production Process

Applications Covered:

• Fertilizers
• Food Additives
• Water Treatment
• Pharmaceuticals
• Textiles
• Other Applications

End Users Covered:

• Agriculture
• Chemical
• Food & Beverage
• Other End Users

Distribution Channels Covered:

• Direct Sales
• Indirect Sales

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Ammonium Sulfate Market, By Product Type

• 5.1 Introduction
• 5.2 Solid
• 5.3 Liquid

6 Global Ammonium Sulfate Market, By Production Process

• 6.1 Introduction
• 6.2 Chemical Processes
• 6.3 Gypsum
• 6.4 Other Production Process

7 Global Ammonium Sulfate Market, By Application

• 7.1 Introduction
• 7.2 Fertilizers
  • 7.2.1 Nitrogen Fertilizer
  • 7.2.2 Phosphate Fertilizer
• 7.3 Food Additives
• 7.4 Water Treatment
• 7.5 Pharmaceuticals
• 7.6 Textiles
• 7.7 Other Applications

8 Global Ammonium Sulfate Market, By End User

• 8.1 Introduction
• 8.2 Agriculture
• 8.3 Chemical
• 8.4 Food & Beverage
• 8.5 Other End Users

9 Global Ammonium Sulfate Market, By Distribution Channel

• 9.1 Introduction
• 9.2 Direct Sales
• 9.3 Indirect Sales
  • 9.3.1 Distributors
  • 9.3.2 Retailers
  • 9.3.3 Online Channels

10 Global Ammonium Sulfate Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 BASF SE
• 12.2 Evonik Industries AG
• 12.3 LANXESS
• 12.4 Sumitomo Chemical Co. Ltd.
• 12.5 Honeywell International Inc.
• 12.6 OCI N.V.
• 12.7 Arkema
• 12.8 Fibrant
• 12.9 Aarti Industries Ltd.
• 12.10 Royal DSM
• 12.11 Domo Chemicals
• 12.12 SABIC
• 12.13 Novux International
• 12.14 Nutrien
• 12.15 AdvanSix
• 12.16 UBE Corporation
• 12.17 Grupa Azoty
• 12.18 Gujarat State Fertilizers and Chemicals Limited