The Worldwide Ammonium Sulfate Market is Projected to reach USD 4.6 Billion by 2030, at a CAGR of 6.7%

23-Feb-2024 | Report Format: Electronic (PDF)

Ammonium Sulfate Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Ammonium Sulfate Market size is expected to reach $4.6 billion by 2030, rising at a market growth of 6.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 13,412.74 kilo tonnes, experiencing a growth of 5.9% (2019-2022).

The Solid segment is leading the Global Ammonium Sulfate Market, By Product in 2022; thereby, achieving a market value of $3.9 billion by 2030. Solid ammonium sulfate is widely used as a nitrogen fertilizer in agriculture. The granular or crystalline form allows easy handling, storage, and application in the field. Solid ammonium sulfate finds applications in various industrial processes. Its granular or crystalline form makes it suitable for manufacturing chemicals, textiles, and pharmaceuticals. Solid ammonium sulfate can be used for dust suppression in various industrial and mining applications. The granular form helps control dust particles, making it effective in dusty environments.

The Food & Feed Additives segment is anticipating a CAGR of 6.2% during (2023 - 2030). Ammonium sulfate is often used in animal feed production to enhance the protein content. It provides a supplemental nitrogen source, supporting the synthesis of amino acids and proteins in feed ingredients. Ammonium sulfate is used as a yeast nutrient during fermentation in the food and beverage industry. It provides a nitrogen source for yeast, supporting the efficient conversion of sugars into alcohol and carbon dioxide. Ammonium sulfate is utilized as a dough conditioner in baking applications. It helps improve dough strength, texture, and leavening properties in producing bread and bakery products.

Full Report: https://www.kbvresearch.com/ammonium-sulfate-market/

The Asia Pacific region dominated the Global Ammonium Sulfate Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.2 billion by 2030. The North America region is experiencing a CAGR of 5.9% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 6.1% during (2023 - 2030).