Press release
Ammonium Carbonate Market Analysis and Future Growth Prospects 2024 - 2031 | Bayer CropScience, Shanghai Mingdou Agrochemical Co. Ltd
Ammonium Carbonate Market
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:
Ammonium carbonate market growth is driven by its increasing use in baking powder production globally. Baking powder is a crucial baking ingredient that helps batter rise and gives volume and texture to baked goods. The growing demand for baked goods such as cakes, pastries, and cookies from food chains and households is fueling the need for ammonium carbonate. In addition, ammonium carbonate is used as a neutralizing agent, foam booster, coagulant aid, and pH regulator in various industrial applications due to its amphoteric nature. Expanding textile and pharmaceutical industries where ammonium carbonate finds usage are further augmenting the market demand.
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Ammonium Carbonate Market Driver 1: Rising Use of Ammonium Carbonate in Food and Beverage Industry
The food and beverage industry has seen substantial growth in recent years. Ammonium carbonate is widely used as a leavening agent in baked goods like cookies, muffins, pancakes etc. It allows dough to rise by releasing carbon dioxide gas during baking. It is a popular alternative to baking soda as it doesn't leave an alkaline aftertaste. The growing demand for packaged and processed foods has augmented the consumption of ammonium carbonate. Furthermore, it is used as a flavoring agent in various foods and beverages. Its unique taste and neutral pH makes it suitable for enhancing flavors. Hence, the expansion of food & beverage sector acts as a key driver for ammonium carbonate market.
Ammonium Carbonate Market Opportunity: Emerging Applications in Agriculture Sector
The agriculture sector presents lucrative growth opportunities for ammonium carbonate market. It is used as a source of nitrogen in the production of fertilizers. Ammonium carbonate decomposes in soil to release ammonium and carbonate ions which acts as important plant nutrients. Furthermore, its neutralizing ability makes it useful for controlling soil pH. It helps achieve optimal soil acidity levels required for healthy crop growth. Ammonium carbonate also finds increasing application as a fertilizer synergist. Used in combination with other fertilizers, it enhances their absorption and utilization by plants. With the increasing global demand for food due to rapid population growth, utilization of fertilizers is on the rise. This trend provides opportunities for ammonium carbonate producers to cater to the agriculture industry.
Ammonium Carbonate Market Trends: Rising Adoption of Green Ammonium Carbonate
One of the prominent trends witnessed in recent years is increasing preference of end-use industries for green and sustainable ammonium carbonate. Conventional production of ammonium carbonate involves the usage of non-renewable fossil fuels and release of greenhouse gases. However, more companies are now investing in environment-friendly production technologies which utilize renewable bio-based feedstocks and carbon dioxide captured from flue gases. These green techniques help lower carbon footprint and curb emissions. Additionally, they provide cost-saving benefits over long-run through reduced dependency on imported fossil fuels. Hence, green ammonium carbonate manufactured through eco-friendly processes is gaining wider acceptance. This transition towards sustainable production aligns well with the global move towards a low-carbon economy.
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Top Companies Featured in This Report:
★ Bayer CropScience
★ Shanghai Mingdou Agrochemical Co. Ltd
★ Taixing Dongyu Chemical
★ Oasis Fine Them
★ Taixing Experimental Chemical
★ Akash Purochem Private Limited
★ Shanghai Tenglong Agrochemical Co. Ltd.
★ Monsanto
★ BASF SE
★ Yixing Waxing Chemical
★ P J Chemicals
★ Syngenta AG
★ SinoHarvest Corporation
★ Vinipul Inorganics India Pvt. Ltd.
★ Nike Chemical
★ Foxkem Industries
★ Mubychem Group
★ Dhanlaxmi Pigments Pvt. Ltd
★ CDH Fine Chemical
★ Haihang Industry
Market Segmentation:
By Product Type:
★ By Type: Food & Pharma grade and Technical grade
By Applications:
★ By Application: Pharmaceuticals, Food and beverages, Industrial, and Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Report Highlights:
📈 Examination of navigation keyword market share at both country and regional levels
📈 Thorough analysis of the competitive landscape and emerging trends
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📈 Strategic recommendations tailored for key business segments based on market insights
📈 Valuable guidance for newcomers venturing into the navigation keyword market
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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: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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