North America Ammonium Sulfate Market Size & Outlook
North America ammonium sulfate market, 2018-2030 (US$M)
Related Markets
North America ammonium sulfate market highlights
- The North America ammonium sulfate market generated a revenue of USD 3,465.4 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,465.4 million |
| Market revenue in 2030 | USD 4,385.0 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, North America region accounted for 17.5% 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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North 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 78.31% in 2023. Horizon Databook has segmented the North America ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the largest agricultural hubs in the world and among the most homogeneous regions in terms of farmers profile and business intensification level. The availability of water and fertile land, efficient infrastructure, and entrepreneurial farmers act as a competitive advantage to the North American region.
The fertilizers industry in North America is dominated by the U.S., wherein ammonium sulfate and urea are recorded to be the most favored substances for fertilizer production. The growing fertilizer industry coupled with crop nutrient management planning has resulted in the growing demand for ammonium sulfate in the North American marketspace.
The region has reflected dynamic changes over the past couple of years in terms of agricultural practices, farming techniques, agricultural input product movement, fertilizer product development, and more. Increasing penetration of agrochemical producers in the region, coupled with increasing demand for food products across the U.S. and Canada, is projected to pave the way for ammonium sulfate-based fertilizers in the region to cater to the growing consumer demand.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ammonium sulfate market , including forecasts for subscribers. This continent databook contains high-level insights into North America ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America ammonium sulfate market size, by country, 2018-2030 (US$M)
North America Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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