Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Ammoniums sulfate is a solid inorganic compound that is white in color and composed of 24% sulfate ions and 21% nitrogen. It is mainly used as a fertilizer for alkaline soils as it helps to reduce the pH value. Ammoniums sulfate is produced by reacting sulfuric acid with hot ammonia. Animal feed, food processing, pharmaceutical, and textile dyeing are some of the major end-user of the ammonium sulfate.

The Far East and Baltic countries ammonium sulfate market is estimated to account for US$ 1,275.9 Mn in terms of value and 8,272.60 thousand kilo tons in terms of volume by the end of 2019.

Drivers:

Growing demand for ammoniums sulfate as a fertilizer for alkaline soil is primarily fueling the market growth. It promotes photosynthesis in plants and also work as a building block. Growing demand for food due to increasing population in the Far East and Baltic countries are expected to propel the market growth of ammonium sulfate. Thus, rising demand for fertilizer is augmenting the market growth of ammoniums sulfate.

Increasing demand for sulfur nutrients for various crop production is expected to foster the market growth of ammonium sulfate. Sulfur content enhances protein synthesis, enzymes, vitamins, and amino acids. Moreover, it supports the overall growth of the crop such as corn, rice, potatoes, canola, wheat, alfalfa, and vegetables. Ammonium sulfate is considered an excellent source of S (24%) in the sulfate form which makes it easily absorbable by plants.

Figure 1. Far East and Baltic Countries Ammonium Sulfate Market Share (%) in terms of Value, By Region, in 2019

Far East and Baltic Countries Ammonium Sulfate  | Coherent Market Insights

China dominated the Far East and Baltic Countries Ammonium Sulfate market in 2019, accounting for 54.19% share in terms of value, followed by Indonesia and Ukraine & Baltic Nations respectively.

Market Restraints

Low content of nitrogen in ammonium sulfate as compared to urea and ammonium nitrate is expected to restrict the market growth of the ammonium sulfate. For instance, nitrogen content in ammonium sulfate is 21%, while that in urea and ammonium nitrate is 46.6% and 35% respectively.

Growing production of organic-based fertilizer such as nitrogen fixation bio fertilizers is projected to curb the market growth of the ammonium sulfate in the near future.

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Far East and Baltic countries ammonium sulfate market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 1,275.9 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.7% 2027 Value Projection: US$ 1,844.1 Mn
Geographies covered:
  • China, Russia, Japan, Taiwan, Indonesia, South Korea, and Ukraine & Baltic Nations
Segments covered:
  • By Production Process: Caprolactam By-Product, Coke Oven Gas, Gypsum, and Neutralization and Others
Companies covered:

Koninklijke DSM N.V., JSC Kuibyshev Azot,  UBE Industries, Ltd., Toray Industries, Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Domo Chemicals, Gujarat state Fertilizers & Chemicals Ltd.

Growth Drivers:
  • Growing demand for ammoniums sulfate as a fertilizer for alkaline soil
  • Increasing demand for sulfur nutrients for various crop production
Restraints & Challenges:
  • Growing production of organic-based fertilizer such as nitrogen fixation bio fertilizers
  • Low content of nitrogen in ammonium sulfate as compared to urea and ammonium nitrate

Market Opportunities

Growing demand for ammonium sulfate from the pharmaceutical industry is expected to provide lucrative opportunities for the market of ammonium sulfate. They are used during the production of preparation of vaccines and other medication is projected to bolster the market growth of the ammonium sulfate. Thus, the growing demand for ammonium sulfate from the pharmaceutical industry is expected to propel the market growth of the ammonium sulfate.

High production of crops due to the vast area of agricultural land in Europe is expected to provide enormous market opportunities to the market of the Far East and Baltic countries ammonium sulfate. According to the European Environment Agency (EEA), 39% of the total land area in the region was occupied by agriculture and grasslands in 2017. Thus, growing crop production in the European region is projected to foster the market growth of the ammonium sulfate.

Figure 2. Far East and Baltic Countries Ammonium Sulfate Market– Opportunity Analysis

Far East and Baltic Countries Ammonium Sulfate  | Coherent Market Insights

Market Trends/Key Takeaways

Increasing use of liquid grade ammonium sulfate across the water treatment industry is expected to be a major trend in the market. It is used as a stable and effective source of ammonia for chlorination. The market growth is also attributed to the growing demand for water treatment due to the rising demand for water across the population. Moreover, an increasing number of water treatment plant in the Far East and Baltic countries is also projected to foster the market growth.

The growing production of caprolactam in China coupled with the expansion of the chemical industry is expected to impact the market growth positively. Moreover, the growing production of caprolactam in the Baltic countries such as Taiwan, Indonesia, South Korea, Ukraine, and Russia is also expected to propel the growth of the Far East and Baltic countries ammonium sulfate market over the forecast timeframe.

Regulations

  • FIFRA Requirements: The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), administered and regulated by the United States Environmental Protection Agency (EPA) state that residues of ammonium sulfate are exempted from the requirement of a tolerance when used in accordance with good agricultural practice as inert (or occasionally active) ingredients in pesticide formulations applied to growing crops or to raw agricultural commodities after harvest.
  • FDA Requirements: When used as a general-purpose food additive in animal drugs, feeds, and related products, ammonium sulfate is generally recognized as safe when used in accordance with good manufacturing or feeding practice

Far East and Baltic Countries Ammonium Sulfate Market - Impact of Coronavirus (Covid-19) Pandemic

The sudden emergence of the coronavirus is expected to have a significant impact on various sectors including the agriculture and fertilizer producing industries. The Covid-19 has caused shutdown or complete closure of the various fertilizer producing industries. Fertilizer plants across the globe are facing logistical constraints due to of road closures, unavailability of proper transportation system to make deliveries of finished products leading to building inventories, as well as a labour shortage at production plants.

Competitive Section:

Company Names 

  1. Koninklijke DSM N.V.
  2. JSC KuibyshevAzot
  3. UBE Industries, Ltd.
  4. Toray Industries Inc.
  5. China Petrochemical Development Corporation
  6. China Petroleum & Chemical Corporation (Sinopec Corp.)       
  7. JSC "Grodno Azot“
  8. Grupa Azoty
  9. Domo Chemicals
  10. Gujarat State Fertilizers & Chemicals Ltd.

Ammonium sulfate is an inorganic salt that is prepared by treating heated ammonia with sulfuric acid. It has a high content of sulfur that makes it ideal for alkaline soil as it gets absorbed by plants easily. Food additives, flame retardants, purifying protein, and ammonium salts production such as ammonium persulfate are some of the other applications of ammoniums sulfate.

Market Dynamics

Rising demand for ammonium sulfate in flooded soil applications is expected to augment the market growth. Ammonium sulfate is most effective in solving problems associated with flooded soil such as waterlogged soil. It is added in soil by dissolving ammonium sulfate in a solution and sprayed on the weed crops in order to enhance effectiveness. Thus, growing demand for ammonium sulfate in flooded soil application is propelling the market growth.

Increasing demand for sulfur nutrients for various crop production is expected to foster the market growth of ammonium sulfate. Sulfur content enhances protein synthesis, enzymes, vitamins, and amino acids. Moreover, it supports the overall growth of the crop such as corn, rice, potatoes, canola, wheat, alfalfa, and vegetables. Ammonium sulfate is considered an excellent source of S (24%) in the sulfate form which makes it easily absorbable by plants.

On the other hand, growing production of organic-based fertilizer such as nitrogen fixation bio fertilizers is projected to hinder the market growth of the ammonium sulfate during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Far East and Baltic countries ammonium sulfate market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on optical coatings market.
  • It profiles key players in the global the Far East and Baltic countries ammonium sulfate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Koninklijke DSM N.V., JSC Kuibyshev Azot,  UBE Industries, Ltd., Toray Industries, Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Domo Chemicals, Gujarat state Fertilizers & Chemicals Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The Far East and Baltic countries ammonium sulfate market report caters to various stakeholders in this industry including investors, suppliers, optical coatings manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Far East and Baltic countries ammonium sulfate market

Detailed Segmentation:

  • Far East and Baltic Countries Ammonium Sulfate Market, By Production Process:
    • Caprolactam By-product
    • Coke Oven Gas
    • Gypsum
    • Neutralization and Others
  • Far East and Baltic Countries Ammonium Sulfate Market, By Countries:
    • China
      • By Production Process
        • Caprolactam By-product
        • Coke Oven Gas
        • Gypsum
        • Neutralization and Others
    • Japan
      • By Production Process
        • Caprolactam By-product
        • Coke Oven Gas
        • Gypsum
        • Neutralization and Others
    • Taiwan
      • By Production Process
        • Caprolactam By-product
        • Coke Oven Gas
        • Gypsum
        • Neutralization and Others
    • Indonesia
      • By Production Process
        • Caprolactam By-product
        • Coke Oven Gas
        • Gypsum
        • Neutralization and Others
    • South Korea
      • By Production Process
        • Caprolactam By-product
        • Coke Oven Gas
        • Gypsum
        • Neutralization and Others
    • Russia
      • By Production Process
        • Caprolactam By-product
        • Coke Oven Gas
        • Gypsum
        • Neutralization and Others
    • Ukraine and Baltic Countries
      • By Production Process
        • Caprolactam By-product
        • Coke Oven Gas
        • Gypsum
        • Neutralization and Others
  • Company Profiles
    • Koninklijke DSM N.V. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • JSC Kuibyshey Azot
    • UBE Industries, Ltd.
    • Toray Industries Inc.
    • China Petrochemical Development Corporation
    • China Petroleum & Chemical Corporation (Sinopec Corp.)
    • JSC “Grodno Azot”
    • Domo Chemicals
    • Gujarat State Fertilizers & Chemicals Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Production Process
      • Market Snippet, By Countries
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Far East and Baltic Countries Ammonium Sulfate  Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Countries
      • China
      • Japan
      • Taiwan
      • Indonesia
      • South Korea
      • Russia
      • Ukraine & Baltic Countries
  5. Far East and Baltic Countries Ammonium Sulfate  Market, By Production Process, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Caprolactam By-Product
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Coke Oven Gas
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Gypsum
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Neutralization and Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. Far East and Baltic Countries Ammonium Sulfate  Market, By Countries, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Countries, 2017 and 2027
      • Y-o-Y Growth Analysis, By Countries, 2020 – 2027 (%)
    • China
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
    • Japan
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
    • Taiwan
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
    • China
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
    • Indonesia
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
    • South Korea
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
    • Russia
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
    • Ukraine & Baltic Countries
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Koninklijke DSM N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • JSC KubiyshevAzot.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • UBE Industries, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Toray Industries Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • China Petrochemical Development Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • JSC “Grodno Azot”
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Grupa Azoty
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Demo Chemicals
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Gujarat State Fertilizers & Chemicals Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for Far East and Baltic Countries Ammonium Sulfate market is estimated to surpass US$ 1,844.1 million by 2027, exhibiting a CAGR of 4.7% between 2020 and 2027.
The increasing demand for sulfur nutrients for various crop production is expected to foster the market growth of ammonium sulfate. Sulfur content enhances protein synthesis, enzymes, vitamins, and amino acids. Moreover, it supports the overall growth of the crop such as corn, rice, potatoes, canola, wheat, alfalfa, and vegetables. Ammonium sulfate is considered an excellent source of S (24%) in the sulfate form which makes it easily absorbable by plants.
The optical market is expected to exhibit a CAGR of 4.7% during the forecast period (2020-2027).
Major players operating in the Far East and Baltic Countries Ammonium Sulfate market include Koninklijke DSM N.V., JSC Kuibyshev Azot, UBE Industries, Ltd., Toray Industries, Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Domo Chemicals, Gujarat state Fertilizers & Chemicals Ltd
Low content of nitrogen in ammonium sulfate as compared to urea and ammonium nitrate is expected to restrict the market growth of the ammonium sulfate. For instance, nitrogen content in ammonium sulfate is 21%, while that in urea and ammonium nitrate is 46.6% and 35% respectively.
The growing production of caprolactam in China coupled with the expansion of the chemical industry is expected to impact the market growth positively. Moreover, the growing production of caprolactam in the Baltic countries such as Taiwan, Indonesia, South Korea, Ukraine, and Russia is also expected to propel the growth of the Far East and Baltic countries ammonium sulfate market over the forecast timeframe.
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