Canada Ammonium Sulfate Market Size & Outlook, 2023-2030
Canada ammonium sulfate market, 2018-2030 (US$M)
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Canada ammonium sulfate market highlights
- The Canada ammonium sulfate market generated a revenue of USD 920.6 million in 2023 and is expected to reach USD 1,258.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.6% 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 920.6 million |
| Market revenue in 2030 | USD 1,258.0 million |
| Growth rate | 4.6% (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, Canada accounted for 4.7% 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 North America, U.S. ammonium sulfate market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,258.0 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 73.66% in 2023. Horizon Databook has segmented the Canada ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Canada has a substantial foothold in the agricultural sector within North America, wherein the farmers use scientifically modified crop seeds along with sophisticated technologies for the production of grains & oilseeds. Wheat, barley, oats, flaxseed, canola, and pulses are the major crops grown in Canada, which necessitate a constant supply of fertilizers and various other inputs.
The fertilizer industry of the country plays a significant role in its economy and contributes approximately USD 23 billion to the economy annually. Fertilizers produced in Canada are exported to around 75 countries across the world. Increasing farming activities in the country are anticipated to drive the demand for ammonium sulfate-based fertilizers over the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Canada ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ammonium sulfate market size, by type, 2018-2030 (US$M)
Canada Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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