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Ammonium Sulfate Business Analysis
The global ammonium sulfate industry is estimated to be valued at USD 4,430.0 million by 2026 and is expected to register a CAGR of 3.11% during the forecast period.
The solid segment dominated the global market owing to the increasing use of powdered and granular ammonium sulfate as fertilizers. It helps to increase the yield of crops, which is expected to drive the product demand. It acts as a food additive and nutrient for bacterial cultures in wastewater treatment.
By application, the fertilizer segment accounted for 87.8% of the global market share in 2017 and is expected to register a substantial CAGR during the review period.
The growth of the industrial use segment is driven by wide applications of Ammonium Sulfate Business in fire extinguisher powder, flame retardant, and in the production of persulfates and metals. The growth in the number of manufacturing industries has a strong correlation with the index of industrial production, which is largely driven by economic activities.
The economic reforms and strong industrial growth in emerging countries such as Malaysia, Thailand, Indonesia, India, and China are expected to propel the demand for ammonium sulfate. The industrial use segment is estimated to reach a value of USD 210.4 million by the end of the review period.
Top Key Players
Some of the prominent players in this market are BASF SE, Honeywell International Inc, Sumitomo Chemical Co., Ltd, Merck KGaA, Evonik Industries AG, and LANXESS, among others.

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Regional Analysis

Geographically, the global Ammonium Sulfate Business has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific was the largest market for ammonium sulfate in 2017 and is expected to remain dominant during the review period. North America is growing with the CAGR of 2.14%, with the US being the major contributor. The decline in arable land and an increase in demand for food is the major factor for increasing the consumption of fertilizers and positively influencing the growth of the ammonium sulfate market in the region.

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