Europe Ammonium Sulfate Market Size & Outlook, 2023-2030
Europe ammonium sulfate market, 2018-2030 (US$M)
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Europe ammonium sulfate market highlights
- The Europe ammonium sulfate market generated a revenue of USD 3,696.6 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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.
- Country-wise, Netherlands is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,696.6 million |
| Market revenue in 2030 | USD 4,894.6 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Solid |
| 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, Europe region accounted for 18.7% 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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Europe 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 80.12% in 2023. Horizon Databook has segmented the Europe ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is one of the significant consumers of fertilizers on account of its rapidly evolving agriculture industry, aided by land availability, and suitable weather conditions that lead to the vast production of multiple crops. However, multiple agencies are establishing regulations regarding the utilization of synthetic fertilizer in the region.
The European Commission has set various regulations on the manufacturing and use of chemically synthesized fertilizers to reduce potential pollution of soil and underground water reserves in the region. The economic depression from 2007 to 2009 severely affected the economies of most of the European countries.
The agricultural sector in the region also witnessed a downfall during this period. Consequently, the demand for fertilizer and allied agrochemical products were also impacted. Since 2010, the overall fertilizers business had shown signs of recovery across Europe reflecting stable demand for ammonium sulfate in the region. Countries such as France and Germany have been at the forefront of this recovery.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ammonium sulfate market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ammonium sulfate market size, by country, 2018-2030 (US$M)
Europe Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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