Browse in-depth TOC on "Ammonium Sulfate Market"

253 – Tables
57 – Figures
242 – Pages

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The Ammonium sulfate market is driven by the demand from the fertilizer's application, and manufacturing of pharmaceutical drugs. But it faces restraints like competition from its substitutes, and its negative environmental impact. On a positive note, there are opportunities for this market through optimizing the production processes. It faces supply chain issues and price changes in raw materials.

By Type, Solid type of ammonium sulfate to have largest share.

The solid type of ammonium sulfate is predicted to have the largest share in the forecast period due to its convenience of use. The product comes in a crystalised form, or in granules, and it can also be easily dissolved in water, making it ideal for use in its solid state. Many end users like farmers, prefer using ammonium sulfate in this manner, as it is easy to use. Solid type of ammonium sulfate is also easy to store. It is also used in herbicides, where the crystals are mixed into the solution.

Fertilizers segment to account for fastest growth in the Ammonium sulfate market.

The application of ammonium sulfate is predicted to have the fastest market because of its major use in agriculture. Fertilizers are majorly used in agriculture for farming purposes. Fertilizers containing ammonium sulfate are of great help in farming, because they provide the crops with essential nutrients of sulfur and nitrogen which is required for proper growth. It also helps in regulating tand maintaining the required acidic level of soil for efficient crop production. And the agricultural sector is also growing because of the increasing demand for food products from the increasing population.

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Asia Pacific region is the largest market for Ammonium sulfate.

APAC is estimated to be the largest market of ammonium sulfate and it is due to the rising demand from the agricultural sector in fertilizers. The countries in this region like China, Japan, and India are showing an increase in agricultural activities. And a lot of population is also into farming. The governments in these countries are also implementing strategies to improve this sector. It is also important to note that a lot of agricultural produce from the region is also exported to other regions.

The report profiles key players such as BASF SE (Germany), Evonik Industries AG (Germany), Lanxess Group (Germany), AdvanSix (US), Sumitomo Chemical Co., Ltd. (Japan), OCI (Netherlands), Domo Chemicals (Belgium), Fibrant (Netherlands), Nutrien (Canada) and Martin Midstream Partners L.P. (US).

BASF SE (Germany) is one of the prominent chemical manufacturing companies from Europe. Its business is divided into seven segments; chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. The company sells ammonium sulfate under the Chemicals segment. Its presence is spread across Asia Pacific, Africa, North America, Central America, South America, Europe, and the Middle East, with 234 production sites in total in these locations. It serves a vast range of industries that include agriculture, construction, automotive, electronics, furniture, home care, paints & coatings, chemicals, personal care & hygiene, nutrition, packaging, pharmaceuticals, textiles, and plastics & rubber. Product launches and collaborations were some major strategies used by the company to improve its market position.

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Evonik Industries AG (Germany) is a leading company in manufacturing specialty chemicals headquartered in Germany. The company operates through five operating divisions which include specialty additives, nutrition & care, smart materials, performance materials, and technology & infrastructure. Its products are used by industries from different sectors like aerospace, agriculture, automotive, transportation, coatings, paints, construction, electronics, food & beverages, environment & utilities, home & personal care, mining, pharmaceutical, packaging, paper, and plastics. Partnerships and expansions were major strategies used to elevate the business. One notable expansion is their modernixation of manufacturing facility for their ammonium sulfate product.

Lanxess (Germany) is a specialty chemicals manufacturer. The business segments of the company are divided into four segments: Consumer Protection, Specialty Additives,Advanced Intermediates, and other segments. Each segment is further divided into 10 business units based on different applications. The applications include petrochemicals, fragrances, water treatment, pharmaceuticals, construction, automotive, semiconductors, colorants, disinfection and protection products, color pigments, polymer additives. The regional segments are divided as Germany, Americas, Asia-Pacific and EMEA. With a presence in 32 countries, the company has established a good global business. The company adopted acquisitions,partnerships, and expansions type of strategies to improve their business.