Global Ammonium Sulphate Market
Ammonium Sulphate Market Size And Forecast
According to Verified Market Research, Global Ammonium Sulphate Market was valued at USD 2.5 Billion in 2018 and is projected to reach USD 3.7 Billion by 2026, growing at a CAGR of 4.7% from 2019 to 2026.
Global Ammonium Sulphate Market Outlook
The growing use of ammonium sulphate in agriculture sector for the manufacturing of water-soluble insecticides, herbicides and fungicides is the major factor expected to fuel the growth of ammonium sulphate market. Moreover, rising demand from various end user industries such as biochemistry and pharmaceuticals and rising usage of ammonium sulphate as by-product for the production of nylon are some other factors propelling the growth of the market. However, an excessive amount of usage in farming applications may destroy the crop and the harmful properties of ammonium sulphate are the factors that might hamper the market growth.
Global Ammonium Sulphate Market Competitive Landscape
The Global Ammonium Sulphate Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, Novus International, Evonik Industries AG, Royal DSM, Lanxess, Tereos, Sumitomo Chemical, Honeywell International, Inc., Helm AG, and ArcelorMittal.
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