Mexico Ammonium Sulfate Market Size & Outlook, 2023-2030
Mexico ammonium sulfate market, 2018-2030 (US$M)
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Mexico ammonium sulfate market highlights
- The Mexico ammonium sulfate market generated a revenue of USD 621.9 million in 2023 and is expected to reach USD 753.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 2.8% 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 621.9 million |
| Market revenue in 2030 | USD 753.4 million |
| Growth rate | 2.8% (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, Mexico accounted for 3.1% 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 North America, U.S. ammonium sulfate market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,258.0 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 85.88% in 2023. Horizon Databook has segmented the Mexico ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is recognized as the eighth-largest crop producer globally, as cited by The World Bank. The country is benefited by favorable climatic conditions and varied landscapes supporting the growth of over 200 varieties of crops.
According to the International Trade Administration, Mexico is the United States's third-largest agricultural partner. Apart from the demand for ammonium sulfate from the country’s agricultural sector, the country’s Atotonilco area is recorded to have the world’s largest facility for water treatment, which has a capacity to treat 3.6 million m3 per day.
The site treats more than 60% of the wastewater, which is produced in the country. Considering these factors, the demand for ammonium sulfate in water treatment applications in the country is also projected to be steady over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Mexico ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico ammonium sulfate market size, by type, 2018-2030 (US$M)
Mexico Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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