Middle East & Africa Ammonium Sulfate Market Size & Outlook
Middle East & Africa ammonium sulfate market, 2018-2030 (US$M)
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MEA ammonium sulfate market highlights
- The MEA ammonium sulfate market generated a revenue of USD 379.3 million in 2023.
- The market is expected to grow at a CAGR of 2.2% 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, Egypt is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 379.3 million |
| Market revenue in 2030 | USD 441.3 million |
| Growth rate | 2.2% (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, MEA region accounted for 1.9% 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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Middle East & Africa 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 89.43% in 2023. Horizon Databook has segmented the Middle East & Africa ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Agricultural sector in the Middle East & Africa is underdeveloped as the region is mostly dry and has a high scarcity of water. However, South Africa, Kenya, and countries situated across the Mediterranean Sea are highly dependent on agriculture.
Wheat, barley, chicory roots, grapes, and maize are the major crops cultivated in the region. The contribution of agricultural sector to the economies of the countries in the region varies considerably. For instance, the contribution is around 3% in Saudi Arabia and 13% in Egypt. Further, fertilizer consumption and demand for ammonium sulfate in the spectrum varies accordingly.
The Middle East reflects high potential in terms of water treatment applications due to increased industrial activities coupled with rising population demanding treated water for household and commercial utility. These factors are cumulatively projected to pave way for high ammonium sulfate demand across the region.
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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 Middle East & Africa ammonium sulfate market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ammonium sulfate market size, by country, 2018-2030 (US$M)
Middle East & Africa Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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