Global Ammonium Sulphate Demand-Supply, 2016-2032
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 demand was estimated to be around little over 30.5 Million tons in 2020 and is forecast to grow at an annual average of 2.9% during the forecast period 2022 – 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 By Region - 2021( Kilo Tons)
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 9.7billion 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 Analysis, By Application 2016-2032 (Kilo Tons)
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.
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