The global ammonium sulfate market size is expected to gain momentum by reaching USD 1.50 billion by 2028 from USD 1.08 billion in 2021 while exhibiting a CAGR of 4.8% between 2021 to 2028. In its report titled, “Ammonium Sulfate Market, 2023-2028,” Fortune Business Insights™ mentions that the market stood at USD 1.04 billion in 2020. With the increasing demand for Sulphur as a macronutrient, it is directly used in the feedstock to increase its productivity. However, it can be provided to crops directly or in blended form as N+S products or compound NPK+S. Thereby promoting the demand for ammonium sulfate products in the market.

Competitive Landscape

Key Players to Focus on Collaborations to Strengthen their Positions in This Market

Key players in the market are deepening their engagement to come up with innovative and comfortable products to allure their consumers. They are coming up with new launches and widening their offerings to expand in the market for ammonium sulfate.

List of Key Players Profiled in the Ammonium Sulfate Market:

• BASF (Ludwigshafen, Germany)
• Evonik (Essen, Germany)
• Sumitomo Corporation (Tokyo, Japan)
• Lanxess (Cologne, Germany)
• Domo chemicals (Leuna, Germany)
• Arkema (Colombes, France)
• Fibrant (Urmond, Netherlands)
• Royal DCM (Heerlen, Netherlands)
• Novus International (Missouri, U.S.)
• ArcelorMittal (Luxembourg)

Market Segmentation:

By application, the market is bifurcated into fertilizers and industrial.

Based on the application, the industrial segment is expected to witness significant growth in upcoming years owing to increasing applications in textile dyeing, feed additives, food additive, leather processing, water treatment, and flame retardant manufacturing companies.

Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Source- https://www.fortunebusinessinsights.com/ammonium-sulphate-market-102306