Prismane

Global Ammonium Sulphate Market Demand & Forecast Analysis, 2016-2032

Ammonium Sulphate Market Size

The Ammonium Sulphate market is anticipated to grow from USD 4.2 billion in 2023 to USD 6.3 billion by 2032, at a CAGR of 4.2% during the forecast period. Ammonium Sulphate is solid salt formed when Ammonia is reacted with Sulphuric acid. Its high sulphur and nitrogen content make it a strong competitor against Urea, Ammonium nitrate and phosphate. Ammonium Sulphate is produced by reacting Ammonia with Sulphuric acid; however, this process is not quite used in the industry. 

Ammonium Sulphate is recovered in substantial amounts as a by-product of caprolactam oxidation and is also recovered in various coke fired gasification plants and/or metal mining sites.  Around 50% of ammonium sulphate is produced as a by-product of Caprolactam, followed by Synthetic, Coke Oven and other process. Agriculture / fertilizer applications accounted for over 90% of the global Ammonium Sulphate demand while industrial applications accounted for a mere single digit share. Most of the Ammonium Sulphate produced globally, is consumed as fertilizer as it has high nitrogen and sulphur content making it easily absorbable by plants. It is also suitable for alkaline soils as it has low pH. It has been found to be beneficial in variety of crop production like rice, potatoes, corn, vegetables, canola, and wheat. Less than 10% of ammonium sulphate produced globally are used in non-fertilizer applications, including applications like pharmaceutical, cattle feed, textile, flame retardant, water treatment and other miscellaneous applications. Various grades of Ammonium Sulphate are available in the market for different applications. Standard grade Ammonium Sulphate is commonly used as fertilizer, while spray grade fertilizer is used along with Herbicides, Pesticides, and Insecticides.

Global Ammonium Sulphate Demand-Supply, 2016-2032 (Kilo Tons)

Ammonium Sulphate Demand-Supply
Source: Secondary & Primary Research and Prismane Consulting estimates

Ammonium Sulphate Capacity

According to Prismane Consulting estimates, ammonium sulphate capacities are concentrated in China, U.S, Southeast-Asia, Japan, and Russia. In terms of capacity additions, China has witnessed the highest capacity additions in the past two decades, a further 60% capacity rise is further anticipated in the country in the long-term forecast to 2030, on the back of increased coke production. The global Ammonium Sulphate capacity was estimated to be around little over 41 Million tons in 2022 and is forecast to reach 48 million tons by end of 2032. Asia Pacific, North America, and Western Europe are the major Ammonium producers and consumers globally. These three regions together account for more than 65% of the total demand. During the forecast period, Asia Pacific region is projected to record increase in consumption of Ammonium Sulphate owing to significant increase in consumption of fertilizer and industrial applications.

Global Ammonium Sulphate Demand Analysis, By Application 2016-2032 (Kilo Tons)

Ammonium Sulphate Market by Application
Source: Secondary & Primary Research and Prismane Consulting estimates
The growth opportunities for Ammonium Sulphate are primarily linked with the industry’s drive for production for Fertilizers and growth in Agricultural sector. The Global population is expected to reach 9.7 billion by 2050. Growth of global population is expected to increase the global food consumption from 50% to 90%, by 2050. Increasing food consumption will push the agricultural production which is projected to drive the demand for ammonium sulphate. Growth in Agricultural sector is also expected to bolster new developments in the fertilizer sector. Average World’s Fertilizers consumption per hectare of arable land had increased from 101.7 kg in 2000 to around 140 kilograms in 2020 and is expected to go even higher in upcoming years. Increasing fertilizer demand will drive the ammonium sulphate market upwards.

Global Ammonium Sulphate Demand, By Region 2022 (Kilo Tons)

Ammonium Sulphate Market, By Region
Source: Secondary & Primary Research and Prismane Consulting estimates

Ammonium Sulphate Demand, By Region

Demand for Ammonium Sulphate is expected to increase strongly especially in countries with large population such as China, India, Indonesia, Japan, Taiwan, Thailand, Philippines, and Vietnam. Asia has historically witnessed healthy growth rates in demand mainly driven by the burgeoning economy of China, Taiwan, Japan, South Korea, and others.  In the long-term forecast, the demand growth for Ammonium Sulphate in the region is estimated to grow on account of increased growth from the Agricultural Industry. India is acknowledged for its high potential in Ammonium Sulphate demand due. The country has always been a net importer of ammonium sulphate and will continue to be so during the forecast period. India’s agriculture sector holds a significant position in the Indian economy. The Ammonium sulphate sales of domestic companies have surged in past few years owning to various Government initiatives. Subsidies provided by the government and favourable monsoons have aided the growth of the fertilizer market.

Key Players in Ammonium Sulfate Market

BASF SE, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd., OCI Nitrogen, The Taiwan Fertilizer Company, Philippine Phoshate Fertilizer Corp. (Philphos), Incitec Pivot Ltd., AdvanSix (Honeywell), INEOS Olefins, PhosAgro, Kemorovo Azot Joint Stock Co., SPOLANA, Grodno Azot JSC, Sasol, The Fertilisers And Chemicals Travancore Limited (FACT), Nippon Steel Chemical Company, Ltd., JFE Chemical Corporation, Arkema and Kuraray Co., Ltd are some of the key players in the Ammonium Sulfate market.

Recent Development in Ammonium Sulphate Market

In January 2024, Gujarat State Fertilizers & Chemicals Ltd. (GSFC) commissioned 132 kilo tons of Ammonium Sulphate production facility in Vadodara  Gujarat.

In August 2023, Unigel, a Brazilian producer, suspended operations at its 650 kilo tons of urea, 450 kilo tons of ammonia, and 320 kilo tons of ammonium sulphate facility in Laranjeiras, Brazil due to challenging financial conditions exacerbated by high natural gas prices. Initially the plant was scheduled for a 90-day idle period starting from June 1, 2023. However, the company has decided to extend the suspension until improved financial conditions are achieved.

Scope of Report 

The Ammonium Sulphate report describes the global Ammonium Sulphate market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Form and Application
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Ammonium Sulphate Market data in terms of volume and value for each end-use 
   at regional and country level
•  Ammonium Sulphate Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Form
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Agriculture
      •  Others
5.  Plants & Projects Analysis
      •  Ammonium Sulphate Production Capacity, by Company
      •  Ammonium Sulphate Production Capacity, by Country and by region
      •  Capacity Overview
6.  Introduction to Ammonium Sulphate and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
              - By-product of Caprolactam
              - By-product of Coking
              - By-product Methyl Methacrylate
              - Others
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Ammonium Sulphate Demand-Supply Analysis, By Form, By Applications (Volume, Value) (2016–2032)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Ammonium Sulphate Market, By Form
          -  Solid
          -  Liquid
      •  Global Ammonium Sulphate Market, By Applications
          -  Fertilizers
          -  Industrial
          -  Food & Feed Additives
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Ammonium Sulphate Market, By Form
      •  Ammonium Sulphate Market, By Applications
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by form and applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Rest of Central & South America
      •  Middle East & Africa
         -  Saudi Arabia
         -  South Africa
         -  Rest of Middle East & Africa
Note: CAGR will be calculated for all the form and applications to arrive at the regional/global demand growth for the forecast period (2023 – 2032)
10.  Pricing Analysis
      •  Average Ammonium Sulphate Prices, USD/Kg
      •  Average Ammonium Sulphate Prices, by Country 
      •  Average Ammonium Sulphate Prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
      •  Ammonium Sulphate Manufacturers Profiles/ Company Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             -  BASF SE
             -  Domo Chemicals
             -  Gujarat State Fertilizers & Chemicals Ltd.
             -  OCI Nitrogen
             -  The Taiwan Fertilizer Company
             -  Philippine Phoshate Fertilizer Corp. (Philphos)
             -  Incitec Pivot Ltd.
             -  AdvanSix (Honeywell)
             -  INEOS Olefins
             -  PhosAgro
             -  Kemorovo Azot Joint Stock Co.
              - SPOLANA
             -  Grodno Azot JSC
             -  Sasol
             -  The Fertilisers And Chemicals Travancore Limited (FACT)
             -  Nippon Steel Chemical Company, Ltd.
             -  JFE Chemical Corporation
             -  Arkema
             -  Kuraray Co., Ltd
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 

The Ammonium Sulphate report describes the global Ammonium Sulphate market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Form and Application
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Ammonium Sulphate Market data in terms of volume and value for each end-use 
   at regional and country level
•  Ammonium Sulphate Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

What is the market size of Ammonium Sulfate?
The Ammonium Sulphate market is anticipated to grow from USD 4.2 billion in 2023 to USD 6.3 billion by 2032, at a CAGR of 4.2% during the forecast period.
What is the current global Ammonium Sulfate capacity?
The global Ammonium Sulphate capacity was estimated to be around little over 41 Million tons in 2022 and is forecast to reach 48 million tons by end of 2032.
Who are some of the major Ammonium Sulfate producers?
BASF SE, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd., OCI Nitrogen, The Taiwan Fertilizer Company, Philippine Phoshate Fertilizer Corp. (Philphos), Incitec Pivot Ltd., AdvanSix (Honeywell), INEOS Olefins, PhosAgro, Kemorovo Azot Joint Stock Co., SPOLANA, Grodno Azot JSC, Sasol, The Fertilisers And Chemicals Travancore Limited (FACT), Nippon Steel Chemical Company, Ltd., JFE Chemical Corporation, Arkema and Kuraray Co., Ltd are some of the key players in the Ammonium Sulfate market.