Brazil Ammonium Sulfate Market Size & Outlook, 2023-2030
Brazil ammonium sulfate market, 2018-2030 (US$M)
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Brazil ammonium sulfate market highlights
- The Brazil ammonium sulfate market generated a revenue of USD 2,903.5 million in 2023 and is expected to reach USD 3,704.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.5% 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.
Ammonium sulfate market data book summary
| Market revenue in 2023 | USD 2,903.5 million |
| Market revenue in 2030 | USD 3,704.6 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Liquid |
| 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, Brazil accounted for 14.7% 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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Brazil 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 85.79% in 2023. Horizon Databook has segmented the Brazil ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazilian agriculture industry significantly contributes to the country’s economy owing to the availability of resources. The country’s agricultural area is divided into two parts, southern and northeast Brazil. In southern Brazil, higher rainfall and fertile soils ensure that crops are well irrigated and thus, produce most of the country’s export-quality crops, oilseeds, and grains.
Northeast Brazil is dry and produces less-equipped forest products, cocoa, and tropical fruits, which are exported from this region. Of the total land of the country, 33.0% is used for agricultural purposes. Factors such as strong agricultural exporting activities, aggressive trade policies, and radical economic reforms are expected to drive agricultural sector in the country, which, in turn, is expected to drive the demand for ammonium sulfate-based fertilizers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Brazil ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil ammonium sulfate market size, by type, 2018-2030 (US$M)
Brazil Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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