The Ammonium Sulfate market is characterized by the presence of , regional, and local players. The market is highly consolidated, with all the players competing to gain significant market share. The key market players of Ammonium Sulfate compete based on cost, product quality, availability of raw materials, and durability of the product. They are engaged in expanding their production capacity and investing in R&D activities to gain an edge over competitors. Furthermore, the growing popularity of Ammonium Sulfate in various end-use industries is expected to offer lucrative opportunities to manufacturers in the coming years.
However, scarcity of raw materials is expected to hinder the growth of the market studied significantly.
Additionally, the adoption of various strategies by the Ammonium Sulfate industry such as expansion, R&D, agreements, acquisitions, collaborations, and investments is expected to help these players to gain maximum revenue and long-term growth during the review period. The key participants in the Ammonium Sulfate market are Royal DSM (The Netherlands), Honeywell International Inc (US), BASF SE (Germany), Sumitomo Chemical Co., Ltd (Japan), Merck KGaA (Germany), Evonik Industries AG (Germany), and LANXESS (Germany)
LANXESS is a well-known corporation on the international market with about 13,200 employees across 33 countries. The company's core activity is developing, producing, and marketing chemical intermediates, additives, and consumer protection goods. It runs its business through five main segments: advanced industrial intermediates, specialty additives, consumer protection, engineering material, and reconciliation. These comprise 11 business units, which interact with a wide range of markets and applications.
Also, BASF SE (BASF) is one of the largest chemical producers in the world. The company has divided its business segments into six divisions, namely, materials, industrial solutions, chemicals, surface technologies, agricultural solutions, and nutrition & care. The company operates through 12 divisions that manage 54 regional business units and develops strategies for the 86 strategic businesses. BASF has a presence in 80 countries and operates through six Verbund sites, which interlink the working of production plants, energy flows, and infrastructure in different regions.
BASF primarily operates in Europe and has an active presence in the Americas, Asia-Pacific, and the Middle East & Africa