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  • Industrial Ammonium Sulfate Market Report | 2028

    Industrial Ammonium Sulfate Market Report | 2028

    Industrial Ammonium Sulfate Market Report | 2028
    Report code - SR1796 Delivery - 2 Weeks
    Industrial Ammonium Sulfate Market Size, Share & Forecast Analysis: 2022-2028
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    Market Insights

    The industrial ammonium sulfate market is estimated to grow from USD 3.38 billion in 2021 to USD 4.72 billion by 2028 at a healthy CAGR of 4.8% during the forecast period.

    Industrial Ammonium Sulfate Market Size

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    What is industrial ammonium sulfate?

    Industrial ammonium sulfate can be defined as a chemical that is transparent and soluble in water. It is produced by combining sulfuric acid and anhydrous ammonia in a reactor. It is being widely used in various applications which include culture agents, batteries, and catalysts among others. 

    Ammonium sulfate is commonly used in the fertilizer industry as a source of nitrogen and sulfur for plants. It can also be used in other industrial applications, such as in the production of fire retardants, textiles, and pharmaceuticals. Additionally, ammonium sulfate is used as a food additive, particularly in bread-making, as a dough conditioner.

    Industrial Ammonium Sulfate Market Report Overview

    Market Size in 2028

    USD 4.72 Billion

    Market Size in 2021

    USD 3.38 Billion

    Market Growth (2022-2028)

    CAGR of 4.84%

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Covid-19 Impact Analysis

    The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of industrial ammonium sulfate declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

    Key Players

    The following are the key players operating in the market-

    Market Dynamics

    The global industrial ammonium sulfate market is driven by a host of factors, some of which are noted below:

    • Widespread product usage in the agriculture industry in various applications including amino acid production and cultivation of bacteria for fermentation.
    • As the demand for rechargeable batteries increases. These batteries are used in a wide range of applications, from portable electronics to electric vehicles. As a result, there is a growing need for high-quality electrodes that can provide reliable and long-lasting performance.
    • Increasing product demand with improved properties in the end-use industries. Ammonium sulfate is a chemical compound that is commonly used in the production of fertilizers, textiles, and various industrial applications.

    Industrial Ammonium Sulfate Market Snapshot

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    Segment Analysis

    End-Use Industry

    The market has been divided into agricultural, food, pharmaceutical, and others. The agricultural application accounted for the largest market share in 2021 & is expected to maintain its dominance in the market during the forecast period. The segment growth can be attributed to increasing agriculture production with rising demand for food products across the geographies. 

    With agriculture sector is a major contributor to this growth. Farmers around the world are increasingly using ammonium sulfate as a fertilizer to improve crop yields and quality. Additionally, the use of ammonium sulfate in the production of animal feed has also contributed to the growth of the market.

    Regional Trends

    Asia-Pacific accounted for the largest share in 2021 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the widespread product use in the agriculture and pharmaceutical industries in the region.

    Industrial Ammonium Sulfate Market By Region

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    The market growth in the North American region is expected to grow at a considerable CAGR during the review on account of the established presence of end-use industries, particularly in the US.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the industrial ammonium sulfate market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and what is their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Target Audience

    The target audience of the market includes-

    • Industrial Ammonium Sulfate Vendors
    • Industrial Ammonium Sulfate Manufacturers
    • Industrial Ammonium Sulfate Distributors
    • Organizations
    • Government Bodies

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Industrial ammonium sulfate can be defined as a chemical that is transparent and soluble in water. It is produced by combining sulfuric acid and anhydrous ammonia in a reactor. It is being widely used in various applications which include culture agents, batteries, and catalysts among others. Ammonium sulfate is commonly used in the fertilizer industry as a source of nitrogen and sulfur for plants.

    The market is estimated to grow from USD 3.38 billion in 2021 to USD 4.72 billion by 2028.

    The target audience of the market includes- Industrial Ammonium Sulfate Vendors, Industrial Ammonium Sulfate Manufacturers, Industrial Ammonium Sulfate Distributors, Organizations, and Government Bodies.

    The market is estimated to grow at a healthy CAGR of 4.8% during the forecast period.

    Key players operating in the market are- Ube Industries, Ltd. (Japan), Viachem Limited (US), Merck & Co., Inc. (US), Chemos GmbH & Co.KG (Germany), CG Chemikalien GmbH & Co. KG (Germany), ICC Chemical Corporation (US), Kinbester Co., Limited (China), Simagchem Corporation (China), Fox-Chemicals GmbH (Germany)

    Asia-Pacific accounted for the largest share in 2021 and is expected to grow at a significant CAGR during the review period.

    Increasing product demand in batteries for the production of electrodes is expected to add to the market growth substantially. In addition to this, increasing product demand with improved properties in the end-use industries is likely to create lucrative opportunities for the players operating in the global market during the review period.

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