Posted 3/4/2024, 9:32:00 AM
Ammonium Sulfate Market Size to Reach $5.9 Billion by 2031, Driven by Agriculture and Industrial Demand
- Revenue for ammonium sulfate market estimated to reach $5.9 billion by 2031, with 5% CAGR from 2021-2031
- Increasing demand from agriculture sector as soil amendment and crop nutrition
- Versatile industrial uses in chemicals, textiles, pharmaceuticals driving growth
- Asia Pacific leading regional market due to large agriculture industry and rapid development
- Key players include BASF, Evonik, Lanxess, Honeywell; competing on product quality, pricing, innovation