December 03, 2019
The leading companies operating in Ammonium Sulfate market are focusing on various strategies to strengthen their respective hold on this market. The market players are majorly focusing on the expansion in production capacity to cater the demand across the regions. The companies are investing heavily in increasing the production volume either solely or through partnerships in industry. For instance, In Feb 2015, world fertilizer leader Yara and German industrial chemicals producer BASF announced to build a world-scale $600mn ammonia unit at BASF’s Freeport, Texas, facility. In April 2012, BASF announced construction of a new, 160,000 ton per year ammonium sulfate crystallizer system at company’s caprolactam plant. The facility was a joint venture with American Plant Food Corporation, Galena, Texas (customer of BASF).
With China and India regions as the key markets due the larger agricultural base, Asia Pacific geography is predicted to have the dominant market share during the forecast period. Also, North America market is expected to witness significant growth with the rise in consumption of products utilizing ammonium sulphate across industries.
Growing population and growing income level of middle and upper class consumers across regions is contributing in the growth of retail market. Owing to this, manufacturers are offering wider range of products across industries thereby leading to the growth in various sectors such as textile, food, leather goods. These all major sectors are the end user industries for ammonium sulphate hence driving the growth for the consumption of ammonium sulphate in accordance with consumer needs.
Based on Product, the market is segmented into Solid and Liquid. Based on the Application, the market is segmented into Fertilizers, Industrial, Food Additives and Other Applications. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ArcelorMittal S.A., Sumitomo Corporation, Lanxess AG, Merck Group, Arkema S.A., Akzo Nobel N.V, Koninklijke DSM N.V, Honeywell International Inc., Evonik Industries AG (RAG-Stiftung) and BASF SE.