India Ammonium Sulfate Market Size & Outlook, 2023-2030
India ammonium sulfate market, 2018-2030 (US$M)
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India ammonium sulfate market highlights
- The India ammonium sulfate market generated a revenue of USD 920.7 million in 2023 and is expected to reach USD 1,339.2 million by 2030.
- The India market is expected to grow at a CAGR of 5.5% 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 920.7 million |
| Market revenue in 2030 | USD 1,339.2 million |
| Growth rate | 5.5% (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, India 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 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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India 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 76.37% in 2023. Horizon Databook has segmented the India ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
According to a report published by OMICS International on “Agriculture Role on Indian Economy”, the agriculture sector is the backbone of the Indian economy as it provides employment to around 50% of the workforce.
According to the Economic Survey 2020-2021, share of agriculture in Indian GDP has increased to 19.9% in 2020-21 from 17.8% in 2019-20. The major crops grown in the country include wheat, rice, pulses, and spices. India is the largest consumer of pulses in the world. It consumes 27% of its total production and the country’s production accounts for 25% of the global production.
The growing population has decreased the available land for agriculture, thereby increasing the pressure on farmers and available land. These factors have increased the demand for fertilizers, thus, boosting the demand for ammonium nitrate in the country.
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Our clientele includes a mix of ammonium sulfate market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into India ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India ammonium sulfate market size, by type, 2018-2030 (US$M)
India Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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