Industrial Ammonium Sulfate Market to Witness Robust Growth by 2028
Stratview Research delivers key insights on the Industrial Ammonium Sulfate Market. According to Stratview Research, the market is segmented by Application (Culture Agent, Tannage, Batteries, Catalysts, Others), End-Use Industry (Agricultural, Food, Pharmaceutical, Others), and Region.
Market Insights
The report suggests that the overall Industrial Ammonium Sulfate Market is estimated to grow from USD 3.38 billion in 2021 to USD 4.72 billion by 2028 at a healthy CAGR of 4.8% during the forecast period.
Market Segments' Analysis
End-Use Industry
The market has been divided into agricultural, food, pharmaceutical, and others. The agricultural application accounted for the largest market share in 2021 & is expected to maintain its dominance in the market during the forecast period.
Regional Trends
Asia-Pacific accounted for the largest share in 2021 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the widespread product use in the agriculture and pharmaceutical industries in the region.
Key Players
The following are some of the key players in the industrial ammonium sulfate market:
- Viachem Limited (US)
- Merck & Co., Inc. (US)
- CG Chemikalien GmbH & Co. KG (Germany)
- ICC Chemical Corporation (US)
- Kinbester Co., Limited (China)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for industrial ammonium sulfate market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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