Ammonium Carbonate Market Poised for Strong Growth with a 5.2% CAGR, Projected to Reach US$ 1.1 Billion by 2032

Ammonium carbonate, also known as baker's ammonia or spirit of hartshorn, is a chemical compound with the formula (NH4)2CO3. It is a white, crystalline solid that has been historically used in various applications, primarily in the food industry and in certain cleaning and medical processes.

Ammonium Carbonate is widely used in various as a leavening agent for baking goods. Manufacturers in the food sector are using food-grade ammonium carbonate since the demand for baked goods and crispy snacks with longer shelf-life is growing. The various benefits of food-grade ammonia above other chemical leavening ingredients for specific types of cookies are anticipated to fuel sales in the market.

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Also, when compared to alternative leavening agents, the usage of food-grade ammonium carbonate results in a crispness that lasts longer. Furthermore, because food-grade ammonium carbonate is not extremely reactive at room temperature, it has a good bench tolerance, making it ideal for cookie dough storage. As a result, bakers are increasingly incorporating food-grade ammonium carbonate into products that require exceptional crispness and shelf life.

In addition to this, ammonium carbonate is used in the textitle industry for syeing and printing various fibers. These salts increase the fastness property of the pigment on fiber, especially wet fastness. Due to this reason, ammonium carbonate salt is used widely in the textiles industry.

As per Future Market Insights, the global ammonium carbonate market is estimated to expand at a 5.2% CAGR over the forecast period, reaching US$ 688 Million in 2022. With a favourable demand outlook, the market size will reach US$ 1.1 Billion by 2032.

"Increasing demand for ammonium carbonate in the pharmaceutical sector, along with ongoing expansion of the food and beverage sector across emerging economies are key factors expected to create opportunities for growth in the market," says an FMI analyst.

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Key Takeaways:

The global ammonium carbonate market is expected to reach US$ 1.1 Bn by 2032, growing at a CAGR of 5.2% over the forecast period.
The rising demand for ammonium carbonate for various applications in the food industry is expected to propel the growth in the market.
Key players are focusing on increasing production capacity and expansion by setting up new plants to cater to the growing demand.
Ammonium carbonate is compatible for dyeing purposes to increase the fastness property of the fabric.

Competitive Landscape

key players in the ammonium carbonate market

1. Taixing Dongyu Chemical
2. Oasis Fine Chem
3. Akash Purochem Private Limited
4. Shanghai Tenglong Agrochemical Co. Ltd.
5. BASF
6. Sinoharvest Corporation
7. Merckmillipore
8. Sandvick
9. Honeywell
10. Vishnupriya Chemicals
11. Adhunik Industries
12. Huaron Chemical Co. Ltd.
13. Prochem Inc
14. Takasugi Pharmaceutical

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Ammonium Carbonate Market Segmentation

By Grade:

Pharmaceutical Grade
Food Grade

By Type:

Lumps
Powder
By Application:

Leavening Agent
Pharmaceutical Ingredients
Food & Beverage agent

By End-Use:

Pharmaceutical Industry
Cosmetic & Personal Care
Food Industry
Textile Industry

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Have a Look at Related Research Reports of Chemicals & Materials

Calcium Carbonate Market: https://www.futuremarketinsights.com/reports/calcium-carbonate-market

Magnesium Carbonate Market: https://www.futuremarketinsights.com/reports/magnesium-carbonate-market

Fluoroethylene Carbonate (FEC) Market: https://www.futuremarketinsights.com/reports/fluoroethylene-carbonate-fec-market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.