A solid and liquid form of the organic salt ammonium Sulfate is accessible. According to a TMR report, the worldwide ammonium sulphate market will rise at a CAGR of roughly 3.6% between 2022 and 2032 and will be worth US $ 4.9 Bn at the end of the forecast period.
During the forecast period, a prominent growth driver for the worldwide ammonium Sulfate market is anticipated to be an increase in the usage of ammonium Sulfate in applications such as water treatment and fertilisers.
Ammonium Sulfate is used in a variety of agricultural processes due to its high solubility.
Competitive Landscape
The ammonium Sulfate market is fiercely competitive, and leading worldwide companies prioritise building lasting connections with consumers. In the upcoming years, competition is anticipated to rise due to the expansion of pharmaceutical activities and water treatment facilities. Caprolactam producers like Domo Chemicals, BASF, SABIC, and Honeywell International have a high level of value chain integration. These businesses prioritise product development for novel applications and have established themselves as leading manufacturers. New advancements among the major participants in the global ammonium Sulfate market include:
· In 2019, Arkema has completed its acquisition of Arrmaz, a producer of specialty surfactants for crop nutrition, infrastructure, and the mining industry. This acquisition is another step forward in Arkema's journey toward specialty chemicals, and it is expected to strengthen the company's product profile.
· In April 2019, the four leading producers, namely BASF, Domo Chemicals, Lanxess, and Fibrant, joined forces to form Ammonium Sulfate Producers Europe (ASPE) under the guidance of the European Chemical Industry Council (Cefic) to promote the benefits of their products.
Get the full report herehttps://www.factmr.com/report/4544/ammonium-sulfate-market
Contact Us:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: [email protected]
Website: https://www.factmr.com
