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

The ammonium carbonate market is estimated to be valued at USD 650.6 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. Ammonium carbonate is an inorganic compound with the formula (NH4)2CO3. It decomposes upon heating to release ammonia and carbon dioxide. It is useful as a leavening agent in baking due to the gases produced during decomposition. Ammonium carbonate is mainly used as a source of ammonia by reaction with acids and as a refrigerant. It is also used in fire extinguishers, the textile industry, and metal industries. The global ammonium carbonate market is expected to witness significant growth due to increasing demand from the food & beverages, fire extinguishers, and refrigeration industries.

 Market Dynamics:

The global ammonium carbonate market is driven by the increasing demand from the food industry where it is used as a leavening agent in baked goods. Its wide application as a refrigerant in industrial refrigeration systems has also boosted the market growth. Moreover, rising usage of ammonium carbonate in fire extinguishers on account of its effectiveness in fighting class B and C fires has augmented the market expansion. However, strict environmental regulations regarding ammonia emissions can hamper the market growth. Furthermore, the availability of substitutes such as sodium bicarbonate can restrain the demand for ammonium carbonate. The development of eco-friendly refrigerants is expected to provide lucrative opportunities for market players in the coming years.

 Key Features of the Study:

• This report provides an in-depth analysis of the global ammonium carbonate market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global ammonium carbonate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 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, and Haihang Industry
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global ammonium carbonate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ammonium carbonate market

Detailed Segmentation-

• By Type:
• • Food & Pharma grade
  • Technical grade
• By Application:
• • Pharmaceuticals
  • Food and beverages
  • Industrial
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • 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