Press release
Ammonium Carbonate Market Expansion to be Persistent During 2024 - 2031 | Bayer CropScience, Shanghai Mingdou Agrochemical Co. Ltd
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 witnessing high growth owing to increasing demand from the chemicals industry and widespread application in metal treatment processes. Ammonium carbonate acts as a cleaning agent and neutralizes acidity. It finds extensive application in cleaning and removing rust from metal surfaces prior to painting and coating. Moreover, ammonium carbonate is used as a deoxidizing agent and neutralizes excess acids generated during metal pickling processes. It eliminates rust and corrosion from treated metals. These factors are supporting the growth of ammonium carbonate market. Additionally, increasing metal processing and surface treatment activities are further fueling consumption of ammonium carbonate.
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Environmental regulations pose a challenge for ammonium carbonate production
Ammonium carbonate manufacture involves the use of hazardous reactants like ammonium and carbon dioxide. Strict environmental norms around the world aim to curb emissions from industrial plants and reduce pollution. Manufacturers face compliance issues in meeting the standards for wastewater treatment, air pollution control and safe storage/handling of chemicals. Additional investments need to be made towards upgrading production facilities with advanced emissions control technologies. This increases overall production costs. Environmental compliance emerges as a major restraint as producers have to balance regulatory adherence with cost optimization. Failure to meet norms may also result in shutdowns and penalties.
Recovery of ammonium carbonate from byproducts presents a cost-saving opportunity
Significant amounts of ammonium carbonate are produced as a byproduct in other industrial processes like coal gasification. Traditionally, these byproducts were considered waste and disposed-off. However, recovery and purification technologies now allow the extraction and commercialization of ammonium carbonate from byproduct streams. This presents a major opportunity for manufacturers. Byproduct recovery systems help achieve resource optimization while lowering production costs by replacing part of the primary raw material requirements. It also has environmental benefits as less chemical waste reaches landfills or water bodies. Manufacturers investing in byproduct recovery technologies gain a competitive edge through strengthened supply security and affordable costs of production.
Rise of alternate fertilizers poses a market threat over the forecast period
With the broadening suite of fertilizer options available, preferences may shift away from traditional sources like ammonium carbonate to alternatives. Biofertilizers and organic fertilizers are gaining ground due to their eco-friendly nature and nutritional richness. Moreover, increasing acceptance of slow-release fertilizers prevent nitrogen leaching and offer sustained yield enhancement. This could impact ammonium carbonate sales over the coming years. Manufacturers need to aggressively promote its agronomic value and cost-effectiveness versus alternatives. Close monitoring of emerging fertilizer types and certification of ammonium carbonate as an organic or natural input can help strengthen its market position amid changing industry trends.
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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 Inquiries Addressed in this Report include:
π What was the size of the Ammonium Carbonate Market in 2024, and what is the projected value by 2031?
π What is the present global market landscape for the Ammonium Carbonate Market?
π What strategies offer optimal opportunities for growth maximization in the business?
π What recent trends are shaping the Ammonium Carbonate Market?
π How does the market share of Ammonium Carbonate Market revenue, sales, and size vary across specific geographical regions?
π Who are the prominent industry players in the Ammonium Carbonate Market?
π Which segment of the Ammonium Carbonate Market is experiencing heightened demand?
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.
π Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/7064
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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