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Global Ammonium Chloride Market Is Expected To Witness Moderate Growth Of 4.0% CAGR By 2029

07-12-2022 02:02 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Global Ammonium Chloride Market Is Expected To Witness Moderate

Ammonium chloride is an inorganic chemical compound, which is predominantly used as a fertilizer. Other bundled applications of ammonium chloride in pharmaceuticals, food, textiles and other metal industries, have fetched notable advancements over the past decades. Global ammonium chloride market is poised to reflect moderate growth under 5% for these sectors. However, agrochemicals would still be the dominant application of ammonium chloride. The recent past has witnessed a resurgence of fertilizer grade ammonium chloride whose market is forecast to surpass US$ 2 Bn in 2029, reveals Fact.MR in a recently published report on ammonium chloride market.

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Ammonium Chloride Market Segmentation
Fact.MR has studied the ammonium chloride market with detailed segmentation on the basis of grade, application and key regions.

Grade

Fertilizer
Pharma
Battery / Industrial
Food
Metal Works
Application
Agrochemical
Medical / Pharmaceutical
Food Additives
Leather & Textiles
Batteries
Middle East & Africa
Others

Region

North America
Latin America
Europe
East Asia
South Asia & Oceania

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Competition Landscape

The global supply of ammonium chloride has been concentrated in selected countries such as China, India, and Germany. Prominent players with established market presence in global ammonium chloride market include Haohua Junhua Group Co Ltd, Hangzhou Jingang Chemical CO., LTD., Dahua Group Dalian Chemical Co., Ltd., Tuticorin Alkali Chemicals & Fertilisers Ltd., BASF SE, and Zaclon LLC.
Manufacturers are trying to reinforce their position in the market by providing cost-effective solutions. Global Ammonium chloride market is dominated by Chinese suppliers, of which the top five companies account for around 17% share of the global supply.
China remains the largest exporter of ammonium chloride, accounting for around 70% of the global exports. With such large export quantities and import dependency, the on-going trade wars and geopolitics can have a huge impact on the global ammonium chloride market.
MEA and Latin America have limited ammonium chloride production for which these regions remain to be the major importers of ammonium chloride.

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Essential Takeaways from the Aluminum Foil Packaging Market Insights Report

Comparison of prominent players operating in the Aluminum Foil Packaging Market Insights.
Recent developments and key strategies adopted by market players.
Study of the micro and macro-economic growth indicators.
Impact of the various factors on the value chain of the Aluminum Foil Packaging Market Insights.
Growth opportunities for emerging market players in various regional markets.
Current trends influencing the scenario of the Aluminum Foil Packaging Market Insights.

Important queries related to the Aluminum Foil Packaging Market Insights addressed in the report:

Who are the most prominent players in the Aluminum Foil Packaging Market Insights?
What are the factors that are likely to hinder the growth of the Aluminum Foil Packaging Market Insights during the forecast period (2022-2032)?
Why is the concentration of tier-1 companies high in specific region?
How are the soaring prices of raw materials impacting the demand for keyword?
Why are market players eyeing opportunities in particular region?

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