Key words of the passage: ammonium sulfate; market; price; produce

The global ammonium sulfate market is forecast to expand at a 3.6% value CAGR from 2022-2032, reaching a valuation of US$ 4.9 Billion, concludes a recently concluded Fact.MR study. According to the report, the industry is poised to be valued at US$ 3.43 Billion by the end of 2022. Extensive applications in fertilizer and agrochemical manufacturing are expected to open opportunistic doors in the forthcoming decade.

From 2015 to 2021, sales of ammonium sulfate rose at a CAGR of 3.8%, closing in at a valuation of US$ 3.31 Billion. Ammonium sulfate is mainly produced as a by-product of caprolactam and coke oven processes. Caprolactam is widely used for the manufacturing of nylon fibers. Nylon fibers have a wide range of applications including textiles, carpets, industrial yarn, and fishing lines and nets.

Source: Yahoo Finance