Latin America Ammonium Sulfate Market Size & Outlook
Latin America ammonium sulfate market, 2018-2030 (US$M)
Related Markets
Latin America ammonium sulfate market highlights
- The Latin America ammonium sulfate market generated a revenue of USD 3,197.0 million in 2023.
- The market is expected to grow at a CAGR of 3.4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,197.0 million |
| Market revenue in 2030 | USD 4,050.1 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Liquid |
| 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, Latin America region accounted for 16.2% 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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Latin America 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 86.15% in 2023. Horizon Databook has segmented the Latin America ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America is one of the leading exporters of food and agricultural commodities in the world. The region is marked by the presence of significant unexploited agricultural land. The major crops grown in Central & South America are corn, soybeans, pineapples, sugarcane, coffee, etc.
This region has one of the most complex and diverse ranges of farming systems in the world owing to its rich biodiversity, varied topography, and enormous latitudinal range. The agriculture sector accounts for half of the share of the GDP of countries of Central & South America, including Argentina, Belize, Haiti, Bolivia, Dominica, Paraguay, and Ecuador.
Citrus fruits, grapes, soybeans, sunflower seeds, and wheat are the major crops grown in Argentina, which demand high-quality ammonium sulfate-based fertilizers for healthy growth. This is expected to drive the overall regional market over the coming years.
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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 continent-level data and insights on the Latin America ammonium sulfate market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ammonium sulfate market size, by country, 2018-2030 (US$M)
Latin America Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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