Ammonium Sulfate Market Boost The Industry Growth at USD 3.79 Billion By 2025 : Grand View Research Inc.
San Francisco, 24 October 2019: The Report Ammonium Sulfate Market Size, Share & Trends Analysis Report By Product (Liquid, Solid), By Application (Fertilizers, Industrial, Food Additives), By Region (MEA, APAC, North America), And Segment Forecasts, 2019 – 2025
The global ammonium sulfate market size is expected to reach USD 3.79 billion by 2025 expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising usage of nitrogen-based fertilizers to increase the crop yield is expected to drive the market growth over the forecast period. Need for nutrients, such as nitrogen and sulfur, is also expected to drive the market in the years to come. Ammonium sulfate is widely used for food additive application. It is used as an inorganic salt in food industry. Ammonium sulfate has a slightly salty taste with no aroma and is commonly used due to its high solubility characteristics. Thus, high demand for food additives is also expected to benefit the market growth.
Traditionally ammonium sulfate was produced by neutralization process; however, there are several methods of extracting ammonium sulfate, such as caprolactam, gypsum, coke oven, and others. The Asia Pacific region led the global market in the past and is anticipated to continue its dominance over the forecast period. China is expected to remain a major consumer in the regional market owing to the availability of product at low cost and advancements in agricultural techniques. Furthermore, growing food & beverages industry is boosting the demand for ammonium sulfate as a food additive, thereby driving the overall market.
Access Research Report of Ammonium Sulfate Market @ https://www.grandviewresearch.com/industry-analysis/ammonium-sulfate-market
Further key findings from the study suggest:
- In terms of revenue, the solid ammonium sulfate product segment is expected to register the highest CAGR of 5.0% over the forecast period
- Fertilizers application led the global ammonium sulfate market with a share of over 91.6% in 2018
- North America has emerged as a promising region on account of stringent environmental regulations and increasing sulfur-deficient soils
- Some of the key companies in the market are BASF SE; Domo Chemicals GmbH; Honeywell International, Inc.; and SABIC
- These companies focus on R&D to develop new product applications in biochemistry and for producing ammonium salts
Grand View Research has segmented the global ammonium sulfate market on the basis of product, application, and region:
Ammonium Sulfate Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Liquid
- Solid
- Fertilizers
- Industrial
- food additives
- Others
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Central & South America
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Comments
Post a Comment