The Global demand for ammonium sulphate is expected to rise 7.5% per year to USD 3 billion in 2022, supported by:
During the period ranging from 2020 to 2022, ammonium sulphate prospects appeared limited, attributed to the onset of the COVID-19 pandemic, which shook investor confidence amid the cessation of all industrial activity. This blip was gradually overcome since mid-2021, leading to a resurgence in growth projections.
Ammonium sulphate is an inorganic salt used as fertilizer for alkaline soils. The increasing use of the same in the agricultural sector boosts the ammonium sulphate market. As ammonium sulphate provides efficient nitrogen and readily-available sulphur which aid in plant growth.
Ammonium Sulfate is used in the treatment of drinking water. It is combined with chlorine to generate monochloramine for disinfection. Ammonium sulphate is a component in fire extinguisher powder and flame-proofing agents and is also used in chemical, wood pulp, textile and pharmaceutical industries which is set to propel the demand for automotive seals in the future years.
| Data Points | Key Statistics |
|---|---|
| Estimated Value of Global Ammonium Sulphate Market by 2032 | USD 6.18 Billion |
| Documented Market Value of Ammonium Sulphate Market in 2022 | USD 3 Billion |
| Estimated CAGR from 2022 to 2032 | 7.5 % |
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Significant opportunities for ammonium sulphate exist in developing countries throughout the North American region. According to federal regulation codes published by USA Food and Drug Administration (FDA), ammonium sulphate is safe to be used as an acidity regulator in bread and flour.
Thus a growing number of bakeries in the region boosts the growth of the market. Ammonium Sulfate is recorded as an ingredient for some United States vaccines per the Centers for Disease Control.
Besides the food industry, demand for ammonium sulphate will soar across the agriculture industry in the Asia Pacific, increasing focus on enhancing the agricultural crop growth without compromising the quality of soil will boost the ammonium sulphate market in countries like China, India during the forecast period.
According to the Study of Soil Health Card Scheme conducted by the National Institute of Agricultural Extension Management, India consumes about 25.6 million tonnes of fertilizers, mostly nitrogen (17 million tonnes) followed by phosphorous (6 million tonnes) and potassium (2.5 million tonnes).
Also, the promotional agriculture awareness program to educate the farmers regarding the use of fertilizers to obtain high crop yield and sustainable agricultural growth will also positively influence the ammonium sulphate market growth in India.
Principal Consultant
The rising necessity of replenishing the micronutrients in the soil to increase crop production and ensure higher yield is promoting manufacturing companies towards developing eco-friendly ammonium sulphate fertilizers.
Ammonium fertilizers are capable of elevating the amount of residue and root biomass by increasing soil organic matter after the yielding season. This helps in maintaining the long-term fertility of the soil by replacing the nitrogen and sulfur in the soil.
According to an annual report issued by the Government of India in 2020, 17.1% of India’s Gross Value Added comprised Agriculture for the fiscal year 2017- 18. As per Indian Census 2011, 54.6% of the population is engaged in agriculture and allied activities.
Steps undertaken by governments to promote agriculture awareness regarding using of fertilizers and sustainable agricultural growth will drive the ammonium sulphate market growth.
The global demand for ammonium sulphate is projected to increase at a CAGR of 7.5% during the forecast period between 2022 and 2032, reaching a total of USD 6.18 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 5%.
As per Future Market Insights, the sales of ammonium sulphate have been increasing in response to the rising demand for protein purification for the production of insulin.
According to a report published by World Health Organization (WHO), around 1.5 Million people died from diabetes. Also, the premature mortality rate due to diabetes is high in low- and middle-income countries.
The unprecedented rise in diabetic patients has increased the demand for the manufacturing of insulin and other biopharmaceutical drugs. Insulin is produced by Protein purification which requires ammonium sulphate as a precipitating agent.
Protein purification by precipitation can be performed for bulk protein synthesis and is quite inexpensive in comparison to other purification methods. Growing demand for protein purification by precipitation will fuel the ammonium sulphate market growth.
Ammonium sulphate experienced a surge in demand during the COVID-19 pandemic. Regular surface disinfecting was made necessary during the pandemic to break the viral transmission leading to the surging demand for disinfectants.
Ammonium sulphate is an excellent surface disinfectant and is used in the majority of disinfectants. With the rise in demand for disinfectants, reasonable growth in the ammonium sulphate market was observed throughout 2020.
Ammonium sulphate was slightly affected due to a disrupted supply chain and lockdown procedures. Increasing government support towards personal hygiene will drive the ammonium sulphate market growth.
In the future, the market is anticipated to grow significantly, market players are focusing on developing better nitrogenous fertilizers with minimal environmental impact. China and The USA are likely to yield highly opportunistic prospects, contributing towards the overall expansion of the market.
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Ammonium Sulphate increasing Soil Fertility
The rising necessity of replenishing the micronutrients in the soil to increase crop production and ensure higher yield is promoting manufacturing companies towards developing eco-friendly ammonium sulphate fertilizers.
Ammonium fertilizers are capable of elevating the amount of residue and root biomass by increasing soil organic matter after the yielding season. This helps in maintaining the long-term fertility of the soil by replacing the nitrogen and sulfur in the soil.
According to an annual report issued by the Government of India in 2020, 17.1% of India’s Gross Value Added comprised Agriculture for the fiscal year 2017 to 2018. As per Indian Census 2011, 54.6% of the population is engaged in agriculture and allied activities.
Steps undertaken by governments to promote agriculture awareness regarding using of fertilizers and sustainable agricultural growth will drive the ammonium sulphate market growth.
According to a research article published in The British Ecological Society Journal, after the first 4 years of an experiment involving frequent applications of ammonium sulphate within a 1 km2 tract of nitrogen-poor dry land in southern England improved the total nitrogen deposition rate suggesting the initiation of the conversion of dry heath-land to grassland.
Continual studies regarding the benefits of ammonium sulphate will create attractive opportunities for the market in the coming years.
Excessive and Unsupervised Use restraining Growth
Excessive use of nitrogenous fertilizers in the farm fields increases the salt concentration in the soil making soil toxic for the germination of seeds. Salts create higher pressure seeping water further into the ground instead of staying in the plant.
The high toxicity of ammonium sulphate and the risk of soil pollution hinders market growth. Consumers are inclined towards organic and natural fertilizers.
Ammonium sulphate fertilizers provide fast results but are not eco-friendly and are prepared from petroleum by-products. The high risk of leaching of ammonium chemical into groundwater sources and the shift towards natural alternatives restricts the market growth.
Ammonium sulphate fertilizer is low in nitrogen content and its overuse can change the pH of the soil making it more acidic in nature. It can also reduce the nutritional value of yielded crops and lengthen the maturity period of the crops.
Increasing innovation among market players towards developing eco-friendly fertilizers and spreading awareness regarding the appropriate use will positively influence market growth.
Multi-purpose use of ammonium sulphate augmenting the growth
The ammonium sulphate market in the USAis anticipated to experience linear growth during the forecast period due to the high utility of ammonium sulphate across a broad range of applications across the country.
According to federal regulation codes published by USAFood and Drug Administration (FDA), ammonium sulphate is safe to be used as an acidity regulator in bread and flour. The booming bakery and confectionary industry in the USAwill intensify the demand for ammonium sulphate during the assessment period.
As per the report published by Vaccine Fact Book, the USAis the leading vaccine developer with over two-thirds of the globally developed vaccines having origin in the USAIncreased consumer spending on healthcare will drive the market growth.
Ammonium sulphate is extensively used in the production of disinfectants and surface cleaners. The rising incidence of hospital-acquired infections aggravated the demand for faster and more efficient ammonium sulphate-based disinfectants.
The increasing need for additives to extend the shelf-life of the product owing to high baked goods consumption will amplify the market growth. Increasing research on developing high-quality preservatives will also fuel the ammonium sulphate demand.
Thus, owing to the reasons mentioned above, North America is expected to account for 45% of global ammonium phosphate demand in 2022.
Residue formation of wood and water retention bolstering demand for ammonium phosphate
Ammonium sulphate is widely used in fire retardant composition as it elevates the combustion temperature of the material and increases residue formation. Heightened demand for fire retardants will fuel the ammonium sulphate market demand.
The high demand for wood and woodwork will increase the demand for wood preservatives. The hygroscopic nature of ammonium sulphate makes it an integral constituent of wood preservatives. The subsequent increase in demand for wood preservatives will accelerate market growth.
The increasing scarcity of water led to rapid development in water treatment practices. Ammonium sulphate when combined with chlorine is an excellent disinfectant and can be used to treat drinking water. In addition, increasing demand for better water treatment and disinfection will drive market growth in the upcoming decade.
Increasing focus on enhancing agricultural crop growth without compromising the quality of soil will boost the ammonium sulphate market in Germany during the forecast period.
The Fertility Application Ordinance Act aims at increasing the production yield and elevating crop quality using the right fertilizers. This will create a conducive environment for ammonium sulphate market demand.
Increasing research towards developing novel nitrogenous fertilizers which provide higher yield but also improve and preserve the fertility of the soil will fuel the market growth in the upcoming years.
The government is promoting the cultivation of pulses and legumes as a part of the “Protein Crop Strategy” introduced by the Federal Ministry of Food and Agriculture. Increasing research on pulses and creating an ideal growth environment and developing nitrogen-rich fertilizers will positively influence the ammonium sulphate market growth. Thus, Europe is expected to hold a35% market share for ammonium phosphate in 2022.
Growth in the use of fertilizers heightening sales of ammonium sulphate
According to United Nations, China’s population crossed 1.4 Billion in 2020. The increasing population has led to increased pressure on the food and agriculture sector in China. However, arable land is limited in China leading to excessive use of fertilizers to promote production.
Increasing demand for fertilizers in tobacco farming and spreading awareness associated with the type of fertilizer usage will elevate the market demand in the country.
India is striving towards becoming self-reliant in agriculture and food production opening floodgates of new opportunities for ammonium sulphate market growth. As per Annual Report (2019 to 2020) by the Government of India, Ministry of Chemicals and Fertilizers, Department of Fertilizers, 414.85 LMT (lakh metric tonne) of fertilizers was produced in India for the fiscal year 2018 to 2019.
The government is focusing towards maximizing the production of nitrogenous fertilizers by incorporating indigenous feedstock to reach self-sufficiency in fertilizer production. As ammonium sulphate is a critical component for the production of nitrogenous fertilizer, the demand for ammonium sulphate is expected to increase over the next five years.
According to the report, the Government of India is also planning to boost urea production in order to ensure easy availability of fertilizers to the farmers at reasonable prices will further accelerate the demand for ammonium sulphate.
The government of India issued a New Urea Policy (NUP) on 25th May 2015 for established gas-based urea manufacturing plants to elevate the urea production rate. These methods coupled with reasonable subsidiary fertilizers will heighten the demand for ammonium sulphate.
The promotion of agriculture awareness programs to educate the farmers regarding using fertilizers to obtain high crop yield and sustainable agricultural growth will also positively influence the market growth in India. Thus, Asia Pacific is expected to procure a40% market share for ammonium phosphate in 2022.
Caprolactam produced ammonium sulphate elevating market growth
Caprolactam-produced ammonium sulphate is anticipated to register maximum demand throughout the forecast period. Growing demand for high-quality ammonium sulphate for the manufacturing of nitrogenous and compound fertilizers will elevate the market growth.
In addition, the increasing use of the same in various end-user applications owing to its properties is contributing to market growth. Thus, caprolactam is expected to hold a 40% market share for ammonium sulphate in 2022.
Key players in the ammonium sulphate market are Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries, Ltd, Toray Industries Inc, China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd, Sumitomo Chemical, Evonik Industries AG
| Report Attribute | Details |
|---|---|
| Market Value in 2022 | USD 3 Billion |
| Market Value in 2032 | USD 6.18 Billion |
| Growth Rate | CAGR of 7.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Production Process, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East & Africa (MEA) |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Koninklijke DSM N.V. (Fibrant); JSC KuibyshevAzot; UBE Industries, Ltd; Toray Industries Inc; China Petrochemical Development Corporation; China Petroleum & Chemical Corporation (Sinopec Corp.); JSC “Grodno Azot”; Grupa Azoty; Domo Chemicals; Gujarat State Fertilizers & Chemicals Ltd.; Sumitomo Chemical; Evonik Industries AG |
| Customization | Available Upon Request |
FMI projects the global ammonium sulfate market to expand at a 7.5% value CAGR by 2032
The global ammonium sulfate market is estimated at a market value of USD 3 Billion
The global ammonium sulphate market is expected to garner a market value of USD 6.18 Billion
North America is expected to hold 45% of the ammonium phosphate market in 2022.
Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries, Ltd, Toray Industries Inc, China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd, Sumitomo Chemical, Evonik Industries AG are some prominent ammonium sulfate manufacturers
Asia Pacific is expected to possess 40% of the market share for the global ammonium sulphates market in the assessment period 2022 to 2032.
Europe is expected to procure 35% of the market share for the ammonium Sulphate market in the forecast period 2022 to 2032.
By production process, caprolactam is expected to hold a 40% market share for ammonium Sulphate in 2022.
1. Executive Summary 2. Market Overview 3. COVID-19 Impact on Global Market 4. Market Outlook, by Region 5. Market Trend Analysis, 2022 to 2032 6. Global Market Analysis and Forecast, by Production Process, 2022 to 2032 6.1. Caprolactam 6.2. Coke Oven Gas 6.3. Gypsum 6.4. Neutralization & Others 7. Global Market Analysis and Forecast, by Region, 2022 to 2032 7.1. North America 7.2. Europe 7.3. Asia Pacific 7.4. Middle East & Africa (MEA) 7.5. Latin America 8. North America Market Analysis and Forecast, 2022 to 2032 9. Europe Market Analysis and Forecast, 2022 to 2032 10. Asia Pacific Market Analysis and Forecast, 2022 to 2032 11. Latin America Market Analysis and Forecast, 2022 to 2032 12. Middle East & Africa Market Analysis and Forecast, 2022 to 2032 13. Competition Landscape 13.1. Koninklijke DSM N.V 13.2. JSC KuibyshevAzot 13.3. UBE Industries Ltd. 13.4. Toray Industries Inc. 13.5. China Petrochemical Development Corporation 13.6. China Petroleum & Chemical Corporation (Sinopec Corp.) 13.7. JSC Grodno Azot 13.8. Grupa Azoty 13.9. Domo Chemicals 13.10. Gujarat State Fertilizers & Chemicals Ltd. 14. Assumptions & Acronyms Used 15. Research Methodology
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