Based on forecast data, ammonium sulphate production in Canada is projected to grow steadily from 2024 to 2028. In 2023, the production stood at 574 thousand metric tons. The year-on-year growth rate is approximately 1.5% from 2024 to 2025, 1.4% from 2025 to 2026, 1.5% from 2026 to 2027, and 1.5% from 2027 to 2028. Over the last two years (2022-2023), the production increased by around 1.6%. The Compound Annual Growth Rate (CAGR) over the next five years (2024-2028) is approximately 1.5%.
Future trends to watch for:
- Technological advancements in production efficiency.
- Environmental regulations that may impact production practices.
- Demand fluctuations driven by agricultural and industrial use.
- Potential shifts in global supply chains affecting raw material availability.
