Global Ammonium Sulfate Market 2017-2021
About Ammonium Sulfate
Ammonium sulfate is an inorganic salt that is widely used in fertilizers, providing nitrogen and sulfur for the healthy growth of crops. Ammonium sulfate consists of 21% nitrogen and 24% sulfur. The advantage of using ammonium sulfate is that it releases nitrogen slowly, which is beneficial for crop growth. The chemical method that is popularly used for the preparation of ammonium sulfate involves the reaction of ammonia with sulfuric acid in a reactor. Another method of preparing ammonium sulfate involves the reaction of gypsum with ammonium carbonate, resulting in ammonium sulfate and calcium carbonate as the by-product. Ammonium sulfate is also formed as a by-product during the preparation of caprolactam.
Technavio’s analysts forecast the global ammonium sulfate market to grow at a CAGR of 2.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ammonium sulfate market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ammonium Sulfate Market 2017-2021
Technavio recognizes the following companies as the key players in the global ammonium sulfate market: Akzo Nobel, BASF, Domo Chemicals, Honeywell International, and OCI
Other Prominent Vendors in the market are: China Haohua Chemical Group, China Tianchen Engineering Corporation (TCC), GSFC, Juhua Group Corporation, KuibyshevAzot, LANXESS, OSTCHEM, Qingzhou Huashun Production Goods, and WengFu Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of biofertilizers. There is a rise in the use of biofertilizers in the organic food industry due to the health hazards caused by chemical fertilizers. Proper growth is achieved when biofertilizers are used to grow cereals and grain crops. To sustain the soil nutrient cycle, farmers are adopting biofertilizers. The use of biofertilizers has proved to be beneficial as it provides food safety and delivers a sustainable crop production method. Biofertilizers are also being used for seed treatment.”
According to the report, one of the major drivers for this market is Rise in fertilizer use. Ammonium sulfate has been used in fertilizers for the past 150 years, and its use has increased further with the rise in population. To cater to the food requirements of the growing population with limited land, there is a constant need to increase the per hectare production. This has led to the increase in the demand for fertilizers to increase the yield of agricultural lands. Fertilizers help in reducing the pH level of alkaline soil by releasing ammonium ions into the soil. These ions form a small amount of acid in the soil, which helps to lower the pH of the soil.
Further, the report states that one of the major factors hindering the growth of this market is Environmental issues. Ammonium sulfate is widely used as a soil fertilizer. It gets transferred from agricultural lands to water bodies during monsoon. As it dissolves easily in water, it proves harmful to algae, invertebrates, fish, and other aquatic organisms. Ammonium sulfate fertilizers are classified under nitrogen-containing fertilizers and their easy solubility in groundwater results in the greenhouse effect, especially in regions with high rainfall. Nitrogen in the ammonium sulfate fertilizer reacts with oxygen in the rainwater and creates harmful nitrous oxide gases that cause the greenhouse effect. This effect leads to the depletion of the stratospheric ozone layer that protects the earth from ultraviolet (UV) radiation.
Akzo Nobel, BASF, Domo Chemicals, Honeywell International, OCI, China Haohua Chemical Group, China Tianchen Engineering Corporation (TCC), GSFC, Juhua Group Corporation, KuibyshevAzot, LANXESS, OSTCHEM, Qingzhou Huashun Production Goods, and WengFu Group.