FAR EAST AND BALTIC COUNTRIES AMMONIUM SULFATE MARKET ANALYSIS

Far East And Baltic Countries Ammonium Sulfate MarketSize and Trends

  Far East And Baltic Countries Ammonium Sulfate Market was valued at US$  1,422.8 Million in 2022, exhibiting a CAGR of 4.5%   in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 2,027.2Million by 2030.  Ammoniums sulfate is a solid inorganic compound that is white in colour, and is composed of 24% sulfate ions and 21% nitrogen. It is mainly used as a fertilizer for alkaline soils as it helps to reduce the pH value.

Far East and Baltic Countries Ammonium Sulfate Market- Impact of Coronavirus (Covid-19) Pandemic

The sudden emergence of the coronavirus is expected to have a significant impact on various sectors including the agriculture and fertilizer producing industries. The Covid-19 has caused shutdown or complete closure of the various fertilizer producing industries. Fertilizer plants across the globe are facing logistical constraints due to of road closures, unavailability of proper transportation system to make deliveries of finished products leading to building inventories, as well as a labour shortage at production plants.

Figure 1. Far East and Baltic Countries Ammonium Sulfate Market, By Production Process, 2022 

 Far East and Baltic Countries Ammonium Sulfate Market - Drivers

• Growing Demand For Ammonium Sulfate as a Fertilizer for Alkaline Soil

Growing demand for ammonium sulfate as a fertilizer for alkaline soil is expected to drive the market growth. It promotes photosynthesis in plants, and also work as a building block. Growing demand for food due to increasing population in the Far East and Baltic countries is expected to propel the market growth. Thus, rising demand for fertilizer is expected to drive the market growth of ammoniums sulfate.For instance, In January 2023, Fertilizers containing ammonium sulphate will be made by Azersulfat LLC. The business intends to boost sulfuric acid and ammonium sulphate fertiliser affair to neutralize the high fertiliser request pricing.

Increasing Demand for Sulfur Nutrients for Various Crop Production

  Increasing demand for sulfur nutrients for various crop production is expected to drive the  market growth of ammonium sulfate. Sulfur content enhances protein synthesis, enzymes, vitamins, and amino acids. Moreover, it supports the overall growth of the crop such as corn, rice, potatoes, canola, wheat, alfalfa, and vegetables. Ammonium sulfate is considered an excellent source of Sulphur (24%) in the sulfate form that makes it easily absorbable by plants. For instance, In July 2019, the purchase of Arrmaz by Arkema, a manufacturer of specialised surfactants for infrastructure, mining, and crop nutrition, has been finalised. Arkema has made progress towards specialty chemicals with this accession, which is intended to ameliorate the company's product line.

Far East and Baltic Countries Ammonium Sulfate Market- Trends:

Increasing Use of Liquid Grade Ammonium Sulfate in the Water Treatment Increasing use of liquid grade ammonium sulfate in the water treatment industry is expected to be a major trend in the market. It is used as a stable and effective source of ammonia for chlorination. The market growth is also attributed to growing demand for water treatment due to  rising demand for water across the population. Moreover, increasing number of water treatment plant in the Far East and Baltic countries is also projected to drive the market growth.