Drive for Sustainable Farm Production Adds Vigor to Demand in Ammonium Sulfate Market, Global Valuation to Reach US$ 5.9 Bn by 2031-end:TMR

ALBANY, N.Y., June 3, 2021 /PRNewswire/ -- Aluminum sulfate has wide range of industrial use, broadly in pharmaceutical, food processing, pulp and chipboard, leather, and agriculture industries. Ammonium sulfate finds use in the leather industry, while commercial use caters to the demands for additives in diverse industries, such as pulp and chipboard, pharma, and in fire extinguishers. Rise in demand for food additives in numerous economies of Asia Pacific and South Africa has bolstered the consumption of ammonium sulfate. Strides being made in food additive utilization are key to this trend.

Perhaps, most prominently, ammonium sulfate is used in sustainably boosting crop yield. The remarkable agronomic and economic effectiveness of ammonium sulfate is a key aspect propelling consumption of the agrochemical in large-scale farm production. Manufacturers and distributors in the ammonium sulfate market are keenly focusing on consolidating supply chains and are adopting strategic frameworks that can keep them afloat in the post-Covid-19 pandemic times.

The global ammonium sulfate market is projected to CAGR of ~5% during 2021-2031 and reach worth of US$ 5.9 Bn by 2031.

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Key Findings of Ammonium Sulfate Market Study

• Crop Producers Harness Economic and Environmental Benefits: the need for making sustainable use of land and augmenting the crop yield has led farmers seek better agrochemicals. The agriculture industry has extensively benefitted from the use of ammonium sulfate fertilizers, where these play a favorable role in boosting the availability of sulfur and ammonia in the soil. The growing adoption of fertilizers that can increase soil nitrogen supply has also bolstered the market attractiveness of ammonium sulfate. The ammonium sulfate market will continue attracting investments by fertilizers in new product developments from the trend of sustainable crop production, world over. Thus, growth of the fertilizer industry is key to expansion of avenues in the ammonium sulfate market. In particular, ammonium sulfate-based fertilizers find use in rice and jute farming for boosting the yield.

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• Advances in Chemical Production Processes to Improve Yield: Manufacturers are considering techniques and technologies that can help them synthesize ammonium sulfate of better characteristics to meet end user demand. A case in point is vacuum thermal stripping, which is useful in increasing the recovery of ammonia in anaerobic digestate. Ongoing studies to produce these at scale is a key trend bolstering the prospects in the ammonium sulfate market. The use of bio-refineries to produce ammonium sulfate of high commercial value is also a key trend that will spur the demand for the chemical among farmers.
• Industrial-grade Ammonium Sulfate Find Extensive Use: The ammonium sulfate market is expected to see massive revenue streams from the leather industry, where the chemical is used as a delimiting agent. Past few years have seen players gearing toward augmenting the production of industrial grade ammonium sulfate.

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Key Driving Factors and Avenues

• Ever-rising demand for food crops to feed a burgeoning world population is a key trend spurring the growth prospects of ammonium sulfate fertilizer demand
• Advances in manufacturing technologies to pave way to economic production of industrial-grade ammonium sulfate.
• Strides made in the agrochemical sector as a whole is contributing to growth of the market
• Rapid pace of urbanization in developing world is a key trend bolstering the prospects in the ammonium sulfate market

Ammonium Sulfate Market: Key Participants

• General Chemical
• Hawkins Cookers
• Helm AG
• OCI Nitrogen
• DOMO Chemicals GmbH
• Honeywell International
• Sumitomo Chemical
• Lanxess
• Evonik Industries AG
• BASF SE

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