H1 2023: Major producers of Ammonium Sulphate in H1 2023 were OCI Fertilizer Group, Royal DSM, AdvanSIx, and Nutrien. In March 2023, Enva, an innovative recycling company, began building a first-of-its-kind fertilizer manufacturing plant at their location in Greenogue, Dublin. Ammonium Sulphate (AMS) produced from industrial liquid waste will be used to make agricultural fertilizer pellets at the site. This EUR 5 million investment is intended to change the way fertilizer is produced across the world. It also demonstrates Enva's commitment to developing long-term solutions that benefit the environment and society. Regionally, Asia Pacific was the region that consumed the highest amount of ammonium sulphate in H1 2023. However, Ammonium Sulphate prices fell throughout H1 2023. Prices in China fell continuously from January 2023 to June 2023. The major cause was the low prices of feedstock and low procurement orders from Chinese and international markets. Furthermore, China faced low exports at the end of May, resulting in surplus material availability in the market. Depreciating end-user industries’ demand, along with abundant material supply, led to a narrow demand-supply gap in the Chinese market. Similarly, in the US market, the fundamentals of the Ammonium Sulphate market remained sluggish in H1 2023, owing to low demand and a gloomy demand outlook. The region had a sufficient supply of Ammonium Sulphate to meet the needs of the end-user agriculture sector. Less buying activity was noticed in H1 2023, resulting in a surplus of ammonium sulphate in the US market.
H1 2022: In 2022, the global demand of Ammonium Sulphate reached approximately 21.5 million tonnes with a growth of 5% in comparison to 2021. Giant producers of Ammonium Sulphate in H1 2022 were Royal DSM, AdvanSIx, OCI Fertilizer Group, and Nutrien. Among these, Royal DSM was leading in terms of production and held a market share of approximately 7% in H1 2022. Regionally, Asia Pacific was the leading consumer of ammonium sulphate. Furthermore, as a result of high raw material ammonia prices and low sulphur supply rate, the price of ammonium sulphate was on the rise. Due to increased international demand and rise in freight costs, fertilizer prices in China witnessed a growth. There was a rise in fertilizer prices as a result of constrained supply chains and higher input costs also supported the trend of the rise in prices of ammonium sulphate. Similar trend was observed across Europe. Since the beginning of the year, ammonium sulphate demand had increased across Europe as a result of improving market state for primary raw materials. The dynamics of ammonium sulphate was aided by the rising demand from downstream sectors such as agriculture. Political tension between Eastern European nations and their dependance on Russia for raw material exports led to supply chain disturbance, thus leading to price increase.
H2 2022: During H2 2022, the Ammonium Sulphate production rates grew further momentum and reached approximately 11.5 million tonnes. Asia Pacific displayed a different market behavior in comparison to H1 2022. Prices for ammonium sulphate decreased in the APAC area. The Indian ammonium sulphate market had suffered as a result of the decline in raw material cost support and the muted demand from the downstream fertilizer sector. The cost of ammonium sulphate in the Chinese market faced a downward spiral as a result of declining feedstock prices. The downstream demand was on lower side as a result of Indonesia's market's unstable economy. The European market witnessed an interesting pattern. In the first half of H2 2022, the prices of ammonium sulphate were high. Inflation in Germany increased significantly in July 2022. The market's situation remained uneven, and the supply was still moderate to low. Access to commodities from Asia and the US was impeded due to labor unrest and congestion at numerous German ports. Additionally, falling inventory levels led to insufficient supply levels. However, around October 2022, Ammonium Sulphate market was bearish in Europe. Certain ammonium sulphate manufacturers had lowered the price of their product to a point where customers were eager to re-purchase, thus, ammonium sulphate prices fell throughout Europe. On the demand side, the regional demand was still being weighed down by concerns of recession. However, the demand for ammonium sulphate from the downstream industries had fallen across Europe.
The global Ammonium Sulphate market demand stood at 21.5 million tonnes in 2022 and is expected to grow at a CAGR of 3.47% during the forecast period until 2032.
Ammonium Sulphate is an inorganic compound with the chemical formula (NH₄)₂SO₄. Ammonium Sulphate is water soluble in nature and extensively used in the agriculture sector. Ammonium sulfate is mainly developed as a byproduct of coke oven and caprolactam processes. Although, this compound can also be produced synthetically by neutralizing dilute sulfuric acid with an ammonia solution. Because of its high nitrogen content, it is the most frequently used supplement for soil and grasses that lack nitrogen. Additionally, the product has the capacity to mix readily with nitrogen fertilizers, improving the fertilizer's functionality and durability.
The primary driver of the global Ammonium Sulphate market is its usage by Fertilizer Industry across the globe. The product decomposes in the soil to produce ammonia, Sulphur dioxide, nitrogen, and water. Crops use nitrogen and ammonia to form amino acids, whereas sulfur is required for metabolism. Ammonium Sulphate is mostly utilized to lessen the acidity of alkaline soils. Over the projected period, rising fertilizer usage in countries with a strong agricultural sector is anticipated to create a demand for ammonium sulphate as a raw material for preparing these fertilizers. Ammonium sulphate-based fertilizers are increasingly being used in fertilizer formulations worldwide due to rising consumer demand for food items. Rising crop demand and reduced cultivable land with fast-paced urbanization will most likely augment the market expansion. The size of the global Ammonium Sulphate market is estimated to reach a volume of roughly 30 million tonnes by 2032.
Based on region, the Asia Pacific is the leading consumer of the Ammonium Sulphate market. In 2022, Asia Pacific held a market share of approximately 41% of the global Ammonium Sulphate. It is anticipated that Asia Pacific will remain the biggest consumer. Over the projected period, rising fertilizer usage is anticipated mainly in developing nations such as India, Bangladesh, and Sri Lanka which is likely to promote the market expansion in the coming years. These countries have a strong agricultural background where farming is a common occupation. Rapid population growth in these developing countries is driving up demand for crops and fertilizers thus directly impacting the global Ammonium Sulphate market. Additionally, Asia Pacific region dominates the market also in terms of production with China being the significant player.
Based on the end-user industry, the global Ammonium Sulphate market is segmented into Agriculture Industry, Pharmaceuticals, Food & Feed Additives, and Others. The Agriculture Industry is the major market consumer with a share of roughly 72% in 2022. Owing to the growing population and high demand for crops, the agriculture industry is anticipated to foresee an expansion in the forecast period.
Major players in the Global Ammonium Sulphate market are Nutrien, BASF SE, OCI Fertilizer Group, AdvanSIx, Royal DSM, Thai Caprolactam Public Co., Ltd, UBE Chemical Europe, S.A.U., Misr Phosphate Company, Honeywell International, Egyptian financial and Industrial SAE, LanXess A.G, DOMO Caproleuna GmbH, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Ammonium Sulphate which covers production, demand and supply of Ammonium Sulphate market in the globe.
• To analyse and forecast the market size of Ammonium Sulphate
• To classify and forecast Global Ammonium Sulphate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ammonium Sulphate market in the globe.
To extract data for Global Ammonium Sulphate market, primary research surveys were conducted with Ammonium Sulphate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ammonium Sulphate market over the coming years.
ChemAnalyst calculated Ammonium Sulphate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand of Ammonium Sulphate from the end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ammonium Sulphate manufacturers and other stakeholders
• Organizations, forums and alliances related to Ammonium Sulphate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ammonium Sulphate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ammonium Sulphate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
21.5 million tonnes
Market size Volume by 2032
30 million tonnes
Growth Rate
CAGR of 3.47% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share
Segments covered
By End-Use: (Agriculture Industry, Pharmaceuticals, Food & Feed Additives, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the market size of global Ammonium Sulphate in terms of volume in 2022?
Ans:
The market size of global Ammonium Sulphate has grown significantly in the historic period of 2015-2022 and reached approximately 21.5 million tonnes in 2022.
Q2.
Which region is leading as a consumer of Ammonium Sulphate on the global scale?
Ans:
Asia Pacific is the leading consumer of Ammonium Sulphate on the global scale.
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