Market Research Report - Ammonium Sulfate Analysis and Forecast

Published Date: Sunday,08 Jan,2023

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biaoQian ammonium sulfate

The largest user of ammonium sulfate in the world is Southeast Asia. The rapid development of rare earth, compound fertilizer and other industries has driven the development of ammonium sulfate. In 2021, the global ammonium sulfate market size is about 19.22 billion US dollars. The following is the development status of the ammonium sulfate industry in 2022.

Ammonium sulfate is mainly used as a fertilizer, and can also be used in textiles, leather, medicine, etc. Since my country exempts the export of ammonium sulfate from export tariffs and implements zero tariffs, this is very beneficial to the export of ammonium sulfate. About 30% of my country's ammonium sulfate is used for export, among which it has obvious geographical advantages and brand advantages in Southeast Asia and South Asia.

The data shows that in 2021, ammonium sulfate rose by 214.29% overall throughout the year, with the largest increase of 240.48% during the year. On January 1, the average ex-factory price of domestic ammonium sulfate was 560 yuan/ton, and on December 31, the average ex-factory price of domestic ammonium sulfate was 1,760 yuan/ton. The highest price of ammonium sulfate in the year is 1906 yuan/ton, and the lowest price in the year is 560 yuan/ton.

Ammonium sulfate is an excellent nitrogen fertilizer, which is suitable for general soil and crops. It can make branches and leaves grow vigorously, improve fruit quality and yield, and enhance crop resistance to disasters. It can be used as base fertilizer, topdressing fertilizer and seed fertilizer.

It can perform metathesis reaction with table salt to produce ammonium chloride, react with aluminum sulfate to produce ammonium alum, and produce refractory materials together with boric acid. Adding to the electroplating solution can increase the conductivity. It is also a catalyst for food caramel, a nitrogen source for cultivating yeast in the production of fresh yeast, a dyeing aid for acid dyes, and a deliming agent for leather. In addition, it is also used in beer brewing, chemical reagents and storage battery production, etc.

From the perspective of absolute usage, the overall demand for ammonium sulfate by rare earths is not too large, although it has played an important role in driving up the price of ammonium sulfate. Due to the high profit of rare earths, ammonium sulfate accounts for a large proportion of its production cost. Smaller, no matter how high the price of ammonium sulfate is acceptable, so the high application of ammonium sulfate is also caused by rare earths.

From the perspective of application fields, the compound fertilizer market is showing vitality, and the output has increased by double digits. From January to December, the total output of national key compound fertilizer enterprises was 101.38 million tons, a year-on-year increase of 11.12%, and the demand for ammonium sulfate showed a recovery growth.

The ammonium sulfate industry pointed out that the export of my country's binary fertilizers is booming, and some of them are sulfur-containing binary fertilizers, which need to be produced with ammonium sulfate, which further increases the demand for ammonium sulfate.
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