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Ammonium Carbonate Market Dosage, Price and Clinical Pipeline Outlook 2024 - 2031 | Bayer CropScience, Shanghai Mingdou Agrochemical Co. Ltd

07-03-2024 09:31 AM CET | Chemicals & Materials

Press release from: CMI

Ammonium Carbonate Market

Ammonium Carbonate Market

Market Overview:

The ammonium carbonate market is estimated to be valued at USD 650.6 Mn in 2024 and is expected to reach USD 927.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

Market Dynamics:

The ammonium carbonate market is poised for substantial growth, driven primarily by its expanding application in fire extinguishing systems. When heated, ammonium carbonate releases ammonia and carbon dioxide, forming compounds effective in suppressing combustion. Its efficacy in ABC dry chemical fire extinguishers, capable of tackling Class A, B, and C fires, fuels its demand.

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Additionally, increasing consumption of ammonium carbonate in the food industry, particularly in products like biscuits and cookies where it acts as a leavening agent, further propels market growth. This ingredient aids in dough rising, resulting in light and airy baked goods. The burgeoning processed food sector is expected to bolster market expansion in the foreseeable future.

Key Drivers - Increasing Demand for Water Treatment and Waste Purification:

Ammonium carbonate plays a crucial role as a pH regulator and neutralizing agent in diverse sectors including pharmaceuticals, water treatment, and personal care. It is extensively utilized in neutralizing industrial and municipal wastewater and sludge. With rapid industrialization and urbanization globally, the demand for wastewater treatment continues to rise, driven by stringent environmental regulations governing wastewater discharge standards. Consequently, the use of chemicals such as ammonium carbonate for purification purposes is escalating.

Key Drivers - Growing Demand from the Fertilizer Industry:

Ammonium carbonate serves as a pivotal intermediate in the production of nitrogen-based fertilizers. With an increasing global population and diminishing arable land, there is heightened demand for efficient fertilizers to enhance crop yields. Nitrogen-based fertilizers are essential for boosting agricultural productivity. The fertilizer industry's expansion worldwide and the development of innovative nitrogenous fertilizers are anticipated to drive the demand for ammonium carbonate in the coming years.

Key Opportunity - Expansion in the Personal Care and Cosmetic Industry:

Ammonium carbonate finds wide-ranging applications in personal care products due to its buffering, cleansing, and emulsifying properties. It is utilized in various cosmetic formulations such as hair colors, lotions, creams, and shampoos. The personal care industry has experienced rapid growth driven by rising expenditures on grooming products and increasing beauty consciousness globally. The expansion of the personal care and cosmetic industry in emerging markets presents promising opportunities for ammonium carbonate in the coming years.

Key Trend - Innovations in Granule Formulations:

To enhance handling, transportation, and application efficiencies, there is a notable trend towards introducing ammonium carbonate in granular form. Granules offer improved flowability, reduced dust formation, and enhanced shelf-life stability compared to powdered forms. Leading manufacturers are actively engaged in research and development to innovate granulation technologies. Establishing flexible granulation facilities near end-user locations ensures seamless supply and enhances customer satisfaction. The preference for granular ammonium carbonate over powdered forms is expected to emerge as a significant trend in the global market.

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Top Companies Featured in This Report:

β˜… Bayer CropScience
β˜… Shanghai Mingdou Agrochemical Co. Ltd
β˜… Taixing Dongyu Chemical
β˜… Oasis Fine Them
β˜… Taixing Experimental Chemical
β˜… Akash Purochem Private Limited
β˜… Shanghai Tenglong Agrochemical Co. Ltd.
β˜… Monsanto
β˜… BASF SE
β˜… Yixing Waxing Chemical
β˜… P J Chemicals
β˜… Syngenta AG
β˜… SinoHarvest Corporation
β˜… Vinipul Inorganics India Pvt. Ltd.
β˜… Nike Chemical
β˜… Foxkem Industries
β˜… Mubychem Group
β˜… Dhanlaxmi Pigments Pvt. Ltd
β˜… CDH Fine Chemical
β˜… Haihang Industry

Market Segmentation:

By Product Type:

β˜… By Type: Food & Pharma grade and Technical grade

By Applications:

β˜… By Application: Pharmaceuticals, Food and beverages, Industrial, and Others

Key Regions/Countries Classified as Follows:

Β» North America (U.S., Canada, Mexico)
Β» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Β» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Β» South America (Brazil, Argentina, Rest of SA)
Β» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Ammonium Carbonate Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Ammonium Carbonate market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Ammonium Carbonate market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Ammonium Carbonate market.
Segment Analysis: Examining the market value and sales volume of Ammonium Carbonate by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Ammonium Carbonate market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Ammonium Carbonate sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

πŸ“ˆ Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/7064

Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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