Global Ammonium Carbonate Market

Ammonium Carbonate Market Size, Share, Growth Analysis, By Type(Food & Pharma Grade, and Technical Grade), By Application(Pharmaceuticals, Food and Beverages) - Industry Forecast 2024-2031

Report ID: SQMIG15A2406 | Region: Global | Published Date: April, 2024
Pages: 186 | Tables: 63 | Figures: 65

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Ammonium Carbonate Market size was valued at USD 588 Million in 2022 and is poised to grow from USD 618.58 Million in 2023 to USD 927.94 Million by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

The competitive environment of the Ammonium Carbonate Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'Akash Purochem Private Limited', 'BASF', 'Bayer CropScience', 'Monsanto', 'P J Chemicals', 'Shanghai Mingdou Agrochemical Co. Ltd', 'Shanghai Tenglong Agrochemical Co. Ltd', 'Taixing Dongyu Chemical', 'Taixing Experimental Chemical', 'Yixing Waxing Chemical'

The growing demand for ammonium carbonate from numerous industries consisting of chemicals, fertilizers and pharmaceuticals is the major driving force of the market. The increasing use of ammonium carbonate in various packages has propelled its large popularity among customers. Furthermore, government initiatives to promote research and development sports associated with this cloth have also undoubtedly impacted the boom prospects of the ammonium carbonate market. Additionally, with rising disposable earning and changing existence, there may be an increase in customer spending on products that contain ammonium carbonate as a key aspect due to its advanced exceptional homes such as odorless nature, low toxicity ranges and so forth. This factor in addition boosts the increase possibilities of India ammonium carbonate enterprise.

In China, the pharmaceutical industry has grown in recent years due to the tremendous growth in the end-use industry. The volume of production in the country is expected to make it an attractive market during the forecast period. Large presence of key manufacturers, and the presence of few small and medium sized players in the market drives ammonium carbonate supply in the country. Increased textile production has led to higher demand for ammonium carbonate in the country. As China supports all these measures, it is expected to provide an increase in dollar opportunities in the form of U.S. dollars. $146 million over the forecast period.

There are several ammonium carbonate production sites in North America. These centers are involved in the production and manufacture of ammonium carbonate to meet the requirements of various industries including food, pharmaceutical, agricultural and industrial applications. The region has the largest consumption of ammonium carbonate for various industries. The food and pharmaceutical industries are particularly important customers, using it as a yeast, pH regulator and preservative in many products. Ammonium carbonate is widely used in the food and beverage industry in North America, especially in baked goods.

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Global Ammonium Carbonate Market

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