Iran Ammonium Sulfate Market Size & Outlook, 2023-2030
Iran ammonium sulfate market, 2018-2030 (US$M)
Related Markets
Iran ammonium sulfate market highlights
- The Iran ammonium sulfate market generated a revenue of USD 32.1 million in 2023 and is expected to reach USD 37.0 million by 2030.
- The Iran market is expected to grow at a CAGR of 2.1% 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.
Ammonium sulfate market data book summary
| Market revenue in 2023 | USD 32.1 million |
| Market revenue in 2030 | USD 37.0 million |
| Growth rate | 2.1% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Solid |
| 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, Iran accounted for 0.2% 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 Middle East & Africa, Egypt ammonium sulfate market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 177.7 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Iran 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 83.8% in 2023. Horizon Databook has segmented the Iran ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Iran is one of the upcoming agricultural markets in the Middle East & Africa. Major challenges faced by agricultural sector of the country include fluctuating climatic conditions, substantial lack of technologies, overconsumption of water & pollution of underground water reserves, low fertilizer and agri-input variations, and lack of investments.
These factors have led to the high penetration of multiple agricultural companies in the ecosystem to bridge the existing gap and gain a substantial market share in the country. Iran has around 12% to 15% of its total available land for irrigation purposes, which majorly comprises the cultivation of grapes, cotton, berberis, nuts, sugarcane, multiple other fruits & vegetables, and essential crops. This is anticipated to drive the demand for ammonium sulfate in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Iran ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Iran ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Iran ammonium sulfate market size, by type, 2018-2030 (US$M)
Iran Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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