The global ammonium sulfate market size was valued at USD 3.1 billion in 2019 and is anticipated to register a CAGR of 4.7% from 2020 to 2027. The growing consumption of nitrogen-based fertilizers to increase crop yield on account of the rising demand for food is likely to drive the product demand. The demand for ammonium sulphate has been increasing significantly with rising demand of protein purification for production of insulin across the globe, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report.
Protein purification by precipitation can be performed for bulk protein synthesis and is quite inexpensive in comparison to other purification methods. Growing demand for protein purification by precipitation will fuel the ammonium sulphate market growth.
According to a report published by the World Health Organization (WHO), around 1.5 Mn people died from diabetes. Also, premature mortality rate due to diabetes is high in low and middle income countries. Unprecedented rise in diabetic patients has increased the demand for manufacturing of insulin and other biopharmaceutical drugs. Insulin is produced by protein purification which requires ammonium sulphate as a precipitating agent.
Ammonium sulphate experienced a surge in demand during the Covid-19 pandemic. Regular surface disinfecting was made necessary during pandemic in order to break the viral transmission leading to surging demand of disinfectants.
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Ammonium sulphate is an excellent surface disinfectant and is used in majority of disinfectants. With rise in demand for disinfectants a reasonable growth in ammonium sulphate market was observed throughout the 2020.
Key Takeaways from FMI’s Ammonium sulphate Market Study
- Rapid development in vaccine and surge in demand for disinfectants in U.S will bolster demand across the country.
- The U.K is expected to offer growth opportunities as governments and private organizations are working towards implementing ammonium sulphate in water filtration and treatment processes.
- Rising demand for legumes and pulse cultivation will increase ammonium sulphate adoption across Germany.
- Sluggish growth can be experienced in China due to implementation of “Zero Increase of Fertilizer Use” program, and increasing adoption of organic fertilizers.
- India is expected to exhibit impressive market growth owing to increase in population and rising efforts towards becoming self reliant in fertilizers production.
“Rising government efforts towards spreading awareness regarding proper use of nitrogenous fertilizers will amplify sales of ammonium sulphate during the forecast period,” says the FMI analyst.
Competitive Landscape
Some of the companies profiled by FMI include Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries, Ltd., Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals and Gujarat State Fertilizers & Chemicals Ltd.
Ammonium sulphate market is highly consolidated owing to presence of large number of market players. Global leaders in ammonium sulphate market are focusing towards investing in new technologies for high production rate at minimum possible cost.
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They are also showing inclination towards strategic merger and acquisition and forming a long term partnership with regional distributors to strengthen their supply chain channels.
For instance:
- Ube Industries joined hands with a consortium of companies on March 12, 2021, to co-develop the supply of ammonia marine fuel and build modern fueling stations in Japan. The consortium members included Itochu Corporation, Itochu Enex Co., Ltd.), and Uyeno Transtech Co., Ltd with Ube Industries.
More Insights on the Global Ammonium sulphate Market
In its latest report, FMI offers an unbiased analysis of the global ammonium sulphate market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of production process and region.
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