Argentina Ammonium Sulfate Market Size & Outlook
Argentina ammonium sulfate market, 2018-2030 (US$M)
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Argentina ammonium sulfate market highlights
- The Argentina ammonium sulfate market generated a revenue of USD 43.4 million in 2023 and is expected to reach USD 52.4 million by 2030.
- The Argentina market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, solid was the largest revenue generating type in 2023.
- Solid is the most lucrative type segment registering the fastest growth during the forecast period.
Ammonium sulfate market data book summary
| Market revenue in 2023 | USD 43.4 million |
| Market revenue in 2030 | USD 52.4 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Solid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid, Liquid |
| Key market players worldwide | Basf SE, Evonik Industries AG, Lanxess AG, Novus Holdings Ltd, Sumitomo Chemical Co Ltd, Honeywell International Inc, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.2% of the global ammonium sulfate market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ammonium sulfate market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 3,704.6 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina ammonium sulfate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammonium sulfate market will help companies and investors design strategic landscapes.
Solid was the largest segment with a revenue share of 91.24% in 2023. Horizon Databook has segmented the Argentina ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
In Argentina, water treatment operations are carried out at 20% capacity and over 8.2 million of the native population lacks access to treated drinking water. Government officials declared that a sum of over USD 21 billion is essentially required to bridge the gap with technological implementations and carrying out widespread water treatment operations.
To tackle these problems, the country has implemented the National Water Plan that aims at enhancing the wastewater treatment capacities in the country. This is expected to reflect a high demand for ammonium sulfate in water treatment applications over the forecast period. Further, the country’s agricultural sector is fast growing with rapid cultivation of crops such as sunflower seeds, lemons, honey, and various fruits & vegetables.
Several trade and policy reforms are conducted by the Organization for Economic Co-operation and Development (OECD) in Argentina including the long-term incentive payout plans and nation board creation for wheat production, which is projected to boost agricultural sector, in turn, driving the demand for ammonium sulfate in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Argentina ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina ammonium sulfate market size, by type, 2018-2030 (US$M)
Argentina Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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