Tuesday, 14 June 2016

Ammonium Sulfate Market Structure and Landscape to 2024

Global ammonium sulfate market will grow at a decent compound annual growth rate (CAGR) over the estimated period (2015–2022). Growing fertilizers demand, to increase the crop yield, along with the growing nutrient requirements for crops is expected to spur the market growth in the coming years.

Moreover, its wide usage in various food items, as an acid regulator in foods, dough conditioner etc., is also expected to boost the market growth. However, ammonium sulfate also has some side-effects, such as its volatile compounds that contain potential carcinogens can cause leukemia, a group of various cancers of the blood-forming tissues.

The rising customer awareness about all such probable side-effects is said to affect the market adversely. In addition, the strict regulation policies, specifically in developed regions like The United Kingdom, Italy, Germany, and so on, are said to hamper the industry growth. The global market is categorized as per applications, products, and regions.

The fertilizers sector dominated the global ammonium sulfate market and is likely to be the dominant application sector even during the estimated period. The food additives segment includes acidity regulator for foods like bread & flours.

It normally controls the pH factor in the baked foods. The other common food products that use ammonium sulfate are English muffins, bagels, noodles, steamed buns & bread, fresh pasta and so on. Other industrial applications, such as leather products, textile, flame retardants etc., assure a considerable demand in the coming years.

The global market is categorized as solids & liquids, on the basis of product types. The fluid fertilizers consist of clear liquids that comprise suspended solids. The solid ammonium sulfate fertilizers are normally water-soluble and are available in various forms such as powder, crystalline, finely crushed etc.

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The Asia-Pacific (APAC) region was the dominant region of the global ammonium sulfate market. The South East Asian regions such as Indonesia, Malaysia, Singapore, Vietnam etc., are projected to witness a huge growth in the near future. Over the past few years, the North American region witnessed a rapid revenue growth.

The topmost companies operating in this market are DSM, Honeywell, and BASF and Tereos, Royal, ArcelorMittal, and Agrium among others. Top market players have taken considerable steps to incorporate their operations by manufacturing raw materials to increase profitability, decrease operational costs and the uncertainties regarding the demand/supply imbalances.

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