Ammonium Sulphate Market | Scope of Current and Future Industry 2031

-

 Protein purification by precipitation can be performed for bulk protein synthesis and is quite inexpensive in comparison to other purification methods. Growing demand for protein purification by precipitation will fuel the ammonium sulphate market growth.

The demand for ammonium sulphate has been increasing significantly with rising demand of protein purification for production of insulin across the globe, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report.

According to a report published by the World Health Organization (WHO), around 1.5 Mn people died from diabetes. Also, premature mortality rate due to diabetes is high in low and middle income countries. Unprecedented rise in diabetic patients has increased the demand for manufacturing of insulin and other biopharmaceutical drugs. Insulin is produced by protein purification which requires ammonium sulphate as a precipitating agent.

Ammonium sulphate experienced a surge in demand during the Covid-19 pandemic. Regular surface disinfecting was made necessary during pandemic in order to break the viral transmission leading to surging demand of disinfectants.

Ammonium sulphate is an excellent surface disinfectant and is used in majority of disinfectants. With rise in demand for disinfectants a reasonable growth in ammonium sulphate market was observed throughout the 2020.

Key Takeaways from FMI’s Ammonium sulphate Market Study

  • Rapid development in vaccine and surge in demand for disinfectants in U.S will bolster demand across the country.
  • The U.K is expected to offer growth opportunities as governments and private organizations are working towards implementing ammonium sulphate in water filtration and treatment processes.
  • Rising demand for legumes and pulse cultivation will increase ammonium sulphate adoption across Germany.
  • Sluggish growth can be experienced in China due to implementation of “Zero Increase of Fertilizer Use” program, and increasing adoption of organic fertilizers.
  • India is expected to exhibit impressive market growth owing to increase in population and rising efforts towards becoming self reliant in fertilizers production.

Competitive Landscape

Some of the companies profiled by FMI include Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries, Ltd., Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals and Gujarat State Fertilizers & Chemicals Ltd.

Ammonium sulphate market is highly consolidated owing to presence of large number of market players. Global leaders in ammonium sulphate market are focusing towards investing in new technologies for high production rate at minimum possible cost.

They are also showing inclination towards strategic merger and acquisition and forming a long term partnership with regional distributors to strengthen their supply chain channels.

For instance:

  • Ube Industries joined hands with a consortium of companies on March 12, 2021, to co-develop the supply of ammonia marine fuel and build modern fueling stations in Japan. The consortium members included Itochu Corporation, Itochu Enex Co., Ltd.), and Uyeno Transtech Co., Ltd with Ube Industries.

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Magnesium Carbonate Market Size, Share, Demand, Growth & Trends by 2032

-
Magnesium carbonate is largely utilized as a raw material for the manufacturing of magnesium oxide, a refractory material employed in the cement and steel industries. The global  magnesium carbonate market  is anticipated to expand at a steady  4.7% CAGR  over the forecast period, finds Future Market Insights (FMI) in a recent market analysis. As per FMI, geographically, the market is anticipated to be dominated by South Asia Pacific, which is expected to continue in the forthcoming years. Backed by the aforementioned factors, the global magnesium carbonate market is projected to top  US$ 443.5Mn  by 2032. In recent years, companies are focusing on developing new materials with high purity at competitive prices. Magnesium carbonate, due to its small size, high porosity, and non-toxicity, is adopted in the pharmaceutical industry. Pharmaceutical grade magnesium carbonate is preferred for the treatment of hyperchlorhydria, stomach aches and duodenal ulcers. It is also used in the sur
Read more