Report ID: UCMIG15A2142
Report ID:
UCMIG15A2142 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global ammonium sulfate market was valued at USD 2.81 billion in 2021 and is projected to grow at a CAGR of 6.7% from 2022 to 2030. The market growth is primarily driven by the increasing demand for ammonium sulfate in the formulation of nitrogenous fertilizers, which are extensively used in the agricultural sector to enhance crop yields. Solid ammonium sulfate is widely consumed in the market, driven by its applications in fertilizers. However, the demand for liquid ammonium sulfate is expected to be driven by its use in water treatment applications. Ammonium sulfate is commonly used as a coagulant in water treatment processes to remove impurities and improve water quality. As the need for clean and potable water increases, the demand for liquid ammonium sulfate in water treatment applications is anticipated to drive market growth in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15A2142