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Ammonium Sulphate Market expected to reach & ~ 4.0% CAGR through 2021-2031
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The ammonium sulphate market is set to grow at a 4.1% CAGR through 2031, driven by demand in agriculture and confectionery industries, despite environmental concerns.
As per a study by FMI, the global ammonium sulphate market is exhibiting steady growth and is expected to reach a valuation of US$ 5.9 billion by the end of 2031. The market for ammonium sulphate is likely to grow at a CAGR of 4.1% through the forecast period 2021 to 2031. As per a study by World Health Organization (WHO), over 1.5 million people died from diabetes in the year 2019. As ammonium sulphate plays a major role in protein purification for the production of insulin, the growing incidence of diabetes and increasing need for insulin will bolster the demand in the ammonium sulphate market.
According to the U.S. Food and Drug Administration (FDA) federal regulation codes, ammonium sulphate is proven safe to be used as an acidity regulator in flours and bread, thus, bolstering confectionery and bakery industries. This is expected to intensify the demand for ammonium sulphate.
Asia Pacific is dominating the global market and held dominant share of 29.03% in 2020. Increasing agricultural production, rise in confectionary food consumption and increasing dependency on nitrogen-based fertilizers are the key factors driving the growth in the region?
“Global leaders in the ammonium sulphate market are increasingly investing in new technology for increasing production rate to cater to the rising demand for surface disinfectants amidst coronavirus outbreak,” says the FMI analyst.
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Key Takeaways
Key Drivers
Key Restraints
Discover more about the ammonium sulphate market with figures and data tables, along with the table of contents. https://www.futuremarketinsights.com/reports/western-european-buyers-eying-asian-suppliers-for-uninterrupted-ammonium-sulphate-supply-market
Competitive Landscape
Key players are focusing on expanding their manufacturing facilities to cater to the increasing demand for ammonium sulfate in various applications and forming long-term partnerships with end-users to strengthen their supply chain channels. For instance,
Leading players profiled by FMI operating in ammonium sulfate market include:
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More Insights on FMI’s Ammonium Sulphate Market
The latest market study on global ammonium sulphate market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of
By Production Process
Region
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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The article discusses the growth and trends of the global ammonium sulphate market, projected to reach a 4.1% CAGR by 2031.
Rising demand in agriculture, confectionery, and bakery industries, along with the need for nitrogen-rich fertilizers, drive the market.
High toxicity, environmental concerns, and soil pollution risks are major challenges affecting market growth.
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