China Ammonium Sulfate Market Size & Outlook, 2023-2030
China ammonium sulfate market, 2018-2030 (US$M)
Related Markets
China ammonium sulfate market highlights
- The China ammonium sulfate market generated a revenue of USD 3,456.7 million in 2023 and is expected to reach USD 5,246.8 million by 2030.
- The China market is expected to grow at a CAGR of 6.1% 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 3,456.7 million |
| Market revenue in 2030 | USD 5,246.8 million |
| Growth rate | 6.1% (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, China accounted for 17.5% 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 Asia Pacific, China ammonium sulfate market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,246.8 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 70.72% in 2023. Horizon Databook has segmented the China ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Food and Agriculture Organization, China accounts for a share of one-fourth of the grains produced in the world with less than 10% of the global arable land. Rice, wheat, barley, millet, soybeans, tomatoes, potatoes, peanuts, tea, and cotton are the major crops produced in the country.
Rice is the staple crop of China and over 25% of its cultivable land is used for rice production. China is one of the developed countries in Asia Pacific with a constantly growing agriculture sector with innovations and new technologies. Owing to the population explosion, the available arable land area in China has reduced severely over the past two decades.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into China ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China ammonium sulfate market size, by type, 2018-2030 (US$M)
China Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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