The ammonium sulfate industry has captured $2,775.7 million revenue, and it is projected to generate $4,847.9 million revenue in 2030, advancing at a rate of 6.4% in the coming years. The industry is transforming and constantly evolving, with surging enterprises operating in a global ecosystem to propel the industry intensity.

Technological advancement in the end-use sectors such as the geographical expansion of companies, process innovations, and rising manufacturing capabilities to offer larger industry space, are projected to proliferate the industry in near future.

The growing reliance of the global farming community on numerous agricultural inputs, including pesticides and fertilizers has resulted in the growing usage of nitrogenous fertilizers.

Almost, nothing can replace ammonium sulfate in agricultural fertilizer applications in the industry. That is why, the rising application has been limited to specific crops such as maize, soybean, and therefore it is least likely to find a substitute.

Furthermore, the bargaining power of suppliers is moderate in the industry which results in the forward integration of operations of most feedstock suppliers, such as ammonia, and sulfuric acid suppliers, with their strong presence in the agriculture sector.

The low-cost availability of raw materials such as ammonia and sulfuric acid across major agrarian countries such as MEA, APAC, and LATAM offers advantages to ammonium sulfate producers. Due to the high potential in these regions, corporations are massively investing in enhancing the production and manufacturing capacities through separate companies or partnerships, to remain competitive in the industry.

The solid category holds the largest industry share, of over 85% share. It is due to their potential to enhance the sulfur deficit and soil nutrient content. Solid ammonium sulfate crystals are worldwide used as fertilizers in alkaline soils. It enhances crop quality and yield.

Moreover, the ammonium salt is economic compared to its substitutes, such as ammonium chloride and ammonium nitrate. The wide availability of ammonium sulfate in liquid form makes it highly accessible as a pale yellowish substance. It is stable, non-hazardous, and non-toxic material. The rising consumption of ammonium sulfate in water treatment operations is expected to fuel industry growth, as it is a widely accepted chlorination material.

The bio-based polyurethane market will touch a value of USD 63.3 million by 2030, at a compound annual growth rate of 6.9% in the years to come. The growth of the industry is because of the numerous uses of this polymer, like in footwear, packaging, biomedical and transportation industry.

Bio-based polyurethane coatings are widely replacing petrochemical coatings as they do not pose much damage to the environment and are affordable, easily accessible and recyclable.

The largest share, more than 50%, was held by the flexible foam category, and rigid foam and coatings, adhesives, & sealants followed it.

Flexible foam made with bio-based polyurethane is strong, light and comfortable. The material is put to use for cushioning for a large number of consumer and commercial products, for example automotive interiors, carpet underlay, packaging, furniture, seating, mattresses, and specialty items. The acceptance of this material is because of its ability to be highly firm or soft and viscoelastic.

The packaging category will grow significantly at a rate of about 9%. Snack food bags, shopping bags, and printed films use one-component polyurethane adhesives largely.
Moreover, a custom-made two-component polyurethane adhesive is used to apply polyvinyl chloride to aluminum sheets for medical uses. Furthermore, hot-melt polyurethane is extremely appropriate for wrapping applications because of its low viscosity and low temperature.

Green buildings are getting popular as they are environment-friendly and help save on the costs of operations. Numerous government agencies have recognized and incentivized green buildings, such as the World Green Building Council, Ministry of Skill Development & Entrepreneurship, SIDBI and the GSA in the U.S.; in addition to municipal bodies and state governments across nations.