AMMONIUM CARBONATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Stringent regulations regarding emission and disposal standards are posing significant challenges for the growth of the global ammonium carbonate market. Various countries and multilateral bodies have implemented strict environmental protection laws to curb industrial pollution and transition towards more sustainable practices. The chemical industry being a major source of emissions has faced the brunt of these regulations. Ammonium carbonate being an intermediate chemical widely used in fertilizers, plastic manufacturing and other industrial applications has also come under increased regulatory scrutiny. The manufacturing processes for ammonium carbonate involve emitting carbon dioxide and ammonia into the atmosphere. However, as per the Paris Agreement guidelines, prominent economies are endeavoring to reduce their carbon emissions substantially in the coming years to keep global warming under safe levels.

Market Opportunities: Innovation of new applications in emerging industries

The global ammonium carbonate market is currently experiencing a phase of innovation and growth of new applications across emerging industries. Ammonium carbonate has traditionally been used as an acid neutralizing agent, leavening agent and food additive. However, in the recent past, research institutions and technology companies have been exploring new and innovative ways of utilizing ammonium carbonate in areas such as waste treatment, energy storage and agriculture. For example, studies conducted by government research bodies in Europe and the USA have shown that ammonium carbonate can be effectively used as an absorbent in carbon capture technology to trap emissions from coal-fired power plants and industrial facilities. This emerging application in the green technology sector has a huge market potential.