Ammonium Sulfate Market Revenue to Reach USD 5.9 billion by 2031 | Says Transparency Market Research, Inc. [Yahoo! Finance]
AdvanSix Inc. (ASIX)
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Source: Yahoo! Finance
Wilmington, Delaware, United States, March 04, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global ammonium sulfate market is estimated to flourish at a CAGR of 5% from 2021 to 2031. Transparency Market Research projects that the overall sales revenue for ammonium sulfate is estimated to reach US$ 5.9 billion by the end of 2031. Increasingly erratic weather patterns and changing climatic conditions prompt farmers to seek resilient soil management solutions like ammonium sulfate, mitigating risks associated with extreme weather events. Growing awareness among farmers regarding soil degradation and nutrient depletion fosters interest in soil amendment practices, including the use of ammonium sulfate to enhance soil health and fertility. The livestock sector influences ammonium sulfate demand indirectly through its impact on fertilizer usage. Livestock farming practices and feedstock choices influence nutrient cycles, driving demand for complementary fertilizers
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ASIX
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