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Ammonium Carbonate Market Analysis by Industry Size, Share, Key Drivers, Growth Factors, Demands, Manufacturers and 2029 Forecast,
Ammonium Carbonate Market
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Segmentation
By type, the market is divided into food & pharma grade and technical grade. By application, the market is segmented into pharmaceuticals, food & beverages, industrial and others. Lastly, in terms of geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights of the Report
The global market for ammonium carbonate report gives a thorough analysis of the latest market trends, top market segments, and factors that are majorly driving the market. The different market segments and their regional analysis are also comprehensively discussed in the report. Additionally, the report talks about the dominant strategies adopted by key market players and the impact of COVID-19 on the market.
Drivers and Restraints
The rising demand for hartshorn in paint strippers for removing paint, finishes, and coatings while cleaning the underlying surface is expected to spur the demand for this chemical. Apart from it, it is used in developing photographs in studios, smelling salts, and fire extinguishers, as it eliminates oxygen elements from fire. Also, increase in R&D activities is expected to boost the ammonium carbonate market growth in upcoming years.
On the other hand, stringent regulation by the government in addition to this salt in the food industry is the major market constraint.
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Regional Insights
Asia Pacific to Remain Forefront; Extensive Application of Ammonium Salts as Fertilizers to Aid Growth
Asia Pacific is expected to dominate the market owing to extensive use of these salts as fertilizers. Countries such as India and China are dominating the agribusiness industry. For instance India generates USD 276.37 billion IN 2020 through agriculture, forestry, and fishing. This data was published in India Brand Equity Foundation.
North America is expected to showcase significant ammonium carbonate market share owing to the increasing application of these salts in the pharmaceutical industry and specialized food applications. For example, this ammonium salt is used as an anticoagulant agent in cough syrups.
Competitive Landscape
Key Players to Focus on Partnerships & Collaborations to strengthen the Market Growth
The global market for ammonium carbonate has many prominent companies that are constantly trying to develop an efficient solution for various end-user industries across the globe. To do so, they are joining hands with local or reputed firms, doing partnerships and acquisitions and new launches to strengthen their portfolio in the market.
List of the Key Players Profiled in the Global Market
Bayer CropScience
Shanghai Mingdou Agrochemical Co. Ltd
Taixing Dongyu Chemical
Oasis Fine
Monsanto
BASF SE
PJ Chemicals
Syngenta AG
SinoHarvest Corporation
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