Vietnam Ammonium Sulfate Market Size & Outlook, 2023-2030
Vietnam ammonium sulfate market, 2018-2030 (US$M)
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Vietnam ammonium sulfate market highlights
- The Vietnam ammonium sulfate market generated a revenue of USD 1,217.5 million in 2023 and is expected to reach USD 1,597.5 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 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.
Ammonium sulfate market data book summary
| Market revenue in 2023 | USD 1,217.5 million |
| Market revenue in 2030 | USD 1,597.5 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Liquid |
| 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, Vietnam accounted for 6.2% 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 Asia Pacific, China ammonium sulfate market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,246.8 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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Vietnam 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 88.63% in 2023. Horizon Databook has segmented the Vietnam ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The Vietnamese water treatment sector records an annual investment of USD 110 million and around 81% of the native population has access to treated water supplies for domestic consumption. However, increasing industrialization has led to high demand for water treatment over the past few years, which has paved the way for higher consumption of ammonium sulfate.
According to the World Bank collection of development indicators, agriculture, forestry, and fishing contributed a share of 14.85% to the GDP of Vietnam in 2020. Around 39.25% of the country’s land is dedicated to farming and the farming community in Vietnam is aware of the benefits of usage of various fertilizers and agricultural inputs for enhancing crop yield. This is projected to boost the demand for various ammonium sulfate products in the country 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 country-level data and insights on the Vietnam ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam ammonium sulfate market size, by type, 2018-2030 (US$M)
Vietnam Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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