Asia Pacific Ammonium Sulfate Market Size & Outlook
Asia Pacific ammonium sulfate market, 2018-2030 (US$M)
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Asia Pacific ammonium sulfate market highlights
- The Asia Pacific ammonium sulfate market generated a revenue of USD 9,025.2 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, solid was the largest revenue generating type in 2023.
- Liquid is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 9,025.2 million |
| Market revenue in 2030 | USD 12,861.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Liquid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 45.7% of the global ammonium sulfate market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,861.0 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 77.98% in 2023. Horizon Databook has segmented the Asia Pacific ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is considered to be one of the fastest emerging regions in the world in terms of economic progress, industrialization, and major end-use sector growth. With fast-growing countries, such as China and India, this region is expected to be the leader in various industry sectors, such as manufacturing, IT, telecom, and many more, apart from agriculture.
According to the Organization for Economic Cooperation and Development, Asia Pacific is predicted to account for 53% of the global agricultural & fish commodities output by 2030. Rice is the staple food crop for most Asians. About 90% of the world’s total rice supply is produced in Asia. The crop is grown by almost two billion people in Asia and consumed by four billion people according to the Food and Agriculture Organization (FAO).
Agriculture is a primary sector in many of the economies in this region such as India, Bangladesh, and Sri Lanka. Although the development of agriculture sector is comparatively slow owing to switching of the native population from this sector to manufacturing sector or IT industries, constant innovations in the field are projected to create substantial market growth opportunities for various fertilizers to be used in agriculture, which, in turn, will boost the demand for ammonium sulfate in the region.
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Target buyers of Asia Pacific ammonium sulfate market databook
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Our clientele includes a mix of ammonium sulfate market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ammonium sulfate market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific ammonium sulfate market size, by country, 2018-2030 (US$M)
Asia Pacific Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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