According to the United Nations Water, 2.1 billion population globally had a shortage of safely managed drinking water services as of 2017. In combination with chlorine, ammonium sulfate exhibits excellent disinfectant and chlorinating properties, which is widely used for the treatment of drinking water. Contaminated water consumption is the primary reason for these many fatal deaths every year. According to the World Health Organization, Diarrhea, which is commonly caused by gastrointestinal infections that kill 2.2 million population around the globe annually. Increasing need to supply safe drinking water is the key factor fueling the growth of the aluminum sulfate market. The global Ammonium Sulfate Market size was valued at $2.9 billion as of 2018 and is anticipated to grow with a CAGR of 5.4% throughout the forecast period 2019-2025.
Increasing demand for ammonium sulfate in textile dyeing is another factor impelling the demand in the ammonium sulfate market around the globe. This acid-forming salt is used as an acid or fixing agent in dyeing wool. The gradual release of acid in dye bath offers solid colors to textile, which is smoother in texture. Ammonium sulphate is extensively used in food additive application and as an inorganic salt in the food industry. It has no aroma and is commonly used due to its high solubility characteristics. Food companies commonly add this salt to bread as a dough conditioner. Food-grade ammonium sulfate, also known as diammonium sulfate regulate acidity in bread, doughs, and flours.
Additionally, this ammonium salt is used in making casings. The rising demand for food additives is also anticipated to benefit the growth of the ammonium sulfate market. Ammonium sulfate is used in the beverage industry for the production of low carbohydrate beers and wines. This auxiliary acid is used on a small scale in the preparation of other salts such as ammonium persulfate (APS) and mascagnite minerals. Persulfate has many commercial applications mainly used as an oxidizing agent and a source of radicals. Sulfate liquor is capable of preserving fruits for up to 2 years. Ammonium sulfate is used as a flame-proofing agent, it increases the combustion temperature of the material, minimizes the weight loss rates, and causes an increase in the production of residue. Its flame-retardant property has been used in aerial firefighting. Ammonium sulfate is also widely used for manufacturing caprolactam which is used in plastics, and nylon 6 fiber production.
Patent Analysis in the Global Ammonium Sulfate Market
Ammonium sulfate market experienced a large number of patents around 6400 during 2014-2019, and the count increased rapidly from 1102 patents in 2016 to 1351 during 2017. The demand influx is mainly observed due to the rising environmental concerns to treat drinking water and increasing demand for usage of soil fertilizers. Furthermore, companies of APAC countries, including China, Japan, and the Republic of Korea accounted for the major share of patents in the global ammonium sulfate market.
APAC Holding Major Share of the Ammonium Sulfate Market
APAC generated 37% of ammonium sulfate market revenues in 2018. Owing to the availability of ammonium sulfate at low cost and advancements in agricultural techniques, this market has a huge demand in the Asia-Pacific region. According to India Brand Equity Foundation, India holds approximately 157.35 million hectares of agricultural land as of 2017. Reduction in farmable land in combination with the rising population in the emerging economies has made pressure on the agricultural sector. Use of ammonium sulfate increases root strength, thus increasing drought tolerance of crops. Asia-Pacific is leading the market, and the growth of this region can be attributed to the rising number of government initiatives such as National Mission for Sustainable Agriculture and Pradhan Mantri Krishi Sinchai Yojana to improve crop yield for supporting sustainable agricultural practices. These initiatives from the government, which, in turn, led the growth of the ammonium sulfate market in this region.
The application segment that will be creating the most lucrative opportunities for the ammonium sulfate market is agrochemicals. This application segment is projected to grow at a CAGR of 3.6% through to 2025. Rising usage of nitrogenous fertilizers to increase the crop yield is expected to drive the market growth over the forecast period. Need for nutrients, such as nitrogen and sulfur, is also expected to drive the market in the years to come. Ammonium sulfate has been utilized in fertilizers, and its use has increased further with the rise in population. There is a necessity to increase the per hectare production to cater to the food requirements of the growing population with limited land. This is increasing the demand for fertilizers to increase the yield of agricultural lands. Fertilizers help in reducing the pH level of alkaline soil by releasing ammonium ions into the soil while contributing essential nitrogen for plant growth. Ammonium sulfate has a high sulfur content in the sulfate form, making it readily absorbable by plants, and it helps to increase the growth of the crop and protects the crops from getting damaged. Sulfur has become increasingly recognized as an essential nutrient for plant growth since it supports the synthesis of amino acids, proteins, enzymes, vitamins, and chlorophyll. It is beneficial to a variety of crops, including canola, alfalfa, corn, potatoes, rice, vegetables, and wheat.
The use of bio-fertilizers in the organic food industry is increasing due to the health hazards caused by chemical fertilizers. Nowadays, farmers are adopting bio-fertilizers to sustain the soil nutrient cycle. The use of bio-fertilizers has proved to be beneficial because it provides food safety and delivers sustainable crop production. Bio-fertilizers are also being used for seed treatment, and this method enables the seed to survive any bacteria and virus attack while making the atmospheric nitrogen available to the plants. The increasing demand for the use of bio-fertilizers in the agricultural sector is a new trend in the ammonium sulfate market.
The Major Players in the Ammonium Sulfate Market:
Prominent players in the ammonium sulfate market include Amresco Inc., BASF SE, Domo Chemicals, General Chemical, GFS Chemicals Inc., Honeywell, Martin Midstream, Royal DSM, Vertellus Holdings, and Sigma-Aldrich Corporation.
Mergers and acquisitions are the other key strategies adopted by the players to stay ahead of their competitors. BASF SE, a German-based chemical company, has announced its acquisition with Solenis, an American-based specialty chemicals manufacturer on Jan 31, 2019. With this acquisition, BASF expanded the chemicals portfolio to meet the specialty needs of the global paper and water industry. Such joint ventures aid the market players to expand their geographical boundaries and accentuate their footprint into the global ammonium sulfate market.
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