Asia Pacific Ammonium Sulfate Market By Product (Solid and Liquid) By the Application (Fertilizers, Industrial, Food Additives and Other Applications)
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Market Report Description
The Asia Pacific Ammonium Sulfate Market would witness market growth of 5.9% CAGR during the forecast period (2019-2025). The Asia Pacific Ammonium Sulfate market is studied across the China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific. Ammonium sulfate is produced from ammonia and sulfuric acid. The ammonium sulfate market is expected to be fuelled by the rising adoption of nitrogen-based fertilizers to enhance the yield from the crop. Utilization of nitrogen fertilizers benefits with the enhanced productivity through the increased level of nutrition to plants in precise proportion.
As a current state of agriculture, the fertilizers play a very important role in influencing the yields. Also, with the rising awareness regarding the most appropriate ingredients of fertilizers the fertilizers are wisely selected. Further, with the growth in demand of packaged food the food additives with ammonium sulfate are experiencing growth in demand especially from Asia Pacific regions. Other industrial sectors for application of ammonium sulfate include textiles, leather, and flame retardants.
The market players are majorly focusing on the expansion in production capacity to cater the demand across the regions. The companies are investing heavily in increasing the production volume either solely or through partnerships in industry. For instance, In Feb 2015, world fertilizer leader Yara and German industrial chemicals producer BASF announced to build a world-scale $600mn ammonia unit at BASF's Freeport, Texas, facility. In April 2012, BASF announced construction of a new, 160,000 ton per year ammonium sulfate crystallizer system at company’s caprolactam plant. The facility was a joint venture with American Plant Food Corporation, Galena, Texas (customer of BASF).
Based on Product, the market is segmented into Solid and Liquid. Based on the Application, the market is segmented into Fertilizers, Industrial, Food Additives and Other Applications. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ArcelorMittal S.A., Sumitomo Corporation, Lanxess AG, Merck Group, Arkema S.A., Akzo Nobel N.V, Koninklijke DSM N.V, Honeywell International Inc., Evonik Industries AG (RAG-Stiftung) and BASF SE.
Scope of the Ammonium Sulfate Market Analysis
- Food Additives
- Other Applications
- South Korea
- Rest of Asia Pacific
- ArcelorMittal S.A.
- Sumitomo Corporation
- Lanxess AG
- Merck Group
- Arkema S.A.
- Akzo Nobel N.V
- Koninklijke DSM N.V
- Honeywell International, Inc.
- Evonik Industries AG (RAG-Stiftung)
- BASF SE
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