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Ammonium Sulfate Market Soars: USD 5.9 Billion Revenue
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Overview
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The global ammonium sulfate market is poised to achieve USD 5.9 billion in sales revenue by 2031, with a 5% CAGR growth from 2021. Demand is fueled by erratic weather patterns, changing climates, and increased farmer awareness of soil health. Major players like BASF, Honeywell, and DSM, as well as regional suppliers like OCI Nitrogen and LANXESS, are pivotal in this market.
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How might the ammonium sulfate market expansion impact the agricultural industry worldwide?
In what ways could the increasing awareness of soil health and fertility influence agricultural practices on a global scale?
What innovations are key players like BASF, Honeywell, and DSM implementing to capitalize on this market growth?
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