The new report by Expert Market Research titled, ‘Global Ammonium Carbonate Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global ammonium carbonate market, assessing the market based on its segments like types, applications, industry verticals, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 2%
The rising application of ammonium carbonate in baked products including biscuits, cookies, lebkuchen, and others is driving the market growth. In addition to this, the rising demand for food additives due to the increasing population and rising disposable income is anticipated to augment the market growth in the forecast period. Moreover, the increasing demand for the product in various end use industries including automotive, healthcare, and oil and gas, among others is anticipated to provide impetus to the market in the forecast period. In terms of region, the Asia Pacific accounts for a significant share in the market owing to the expansion of the pharmaceutical and food and beverage industries due to the presence of large population base, healthy economic growth of developing countries, and rapid urbanisation.
Industry Definition and Major Segments
Ammonium carbonate is defined as a mixture of ammonium bicarbonate and ammonium carbamate which has a boiling point of 58 degree Celsius and molecular weight of 96.09 g/mol. In appearance, ammonium carbonate can be either white or colorless powder, or hard crystalline masses. The chief applications of the product include manufacturing of smelling salts and baking powder.
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By type, the market can be bifurcated into:
- Pharmaceutical Grade
- Chemical Grade
Based on application, the market is segmented into:
- Pharmaceuticals
- Food and Beverage
- Foaming Agents
- Others
The significant industry verticals considered in the market include:
- Oil and Gas
- Chemicals and Petrochemicals
- Automotive
- Healthcare
- Others
The regional markets for ammonium carbonate include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The technological advancements and growing R&D activities in major end use industries of ammonium carbonate are likely to be the major trends in the market. Additionally, the rapid growth of the pharmaceutical industry is expected to enhance the applications of the pharmaceutical grade ammonium carbonate. The emerging e-commerce industry, especially in developing nations, is anticipated to increase the sales of bakery, confectionery, medicine, and food products, which is expected to favour the market growth in the forecast period.
Key Market Players
The major players in the market are Avantor (VWR International, LLC.), BASF SE, Taixing Dongyu Chemical Co., Ltd., Honeywell International Inc., and Merck KGaA, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Related to the topic:
Ammonium carbonate appears as a colorless crystalline solid or a white powder with a strong odor of ammonia. Noncombustible. The primary hazard is the threat to the environment. Immediate steps should be taken to limit spread to the environment. Used to make other ammonium compounds, in pharmaceuticals, in food processing.
Upon heating, Ammonium Carbonate tends to degrade into gaseous ammonia and carbon dioxide readily. It is a colorless crystalline solid, and it appears like a white powder in nature. It has a powerful pungent odor of ammonia and also has a sharp ammoniacal taste. Ammonium Carbonate is non-combustible.
Pharmaceutical Grade:
Pharmaceutical Grade is the grade of ammonium carbonate which contains no impurities. It involves high quality and purity standards, used as a pharmaceutical excipient in capsules or tablets for the medication industry. Pharmaceutical grades are widely preferred over chemical grades due to their low levels of impurities and the presence of other chemicals such as urea and pesticides, which reduces the chances of contamination during storage and transport phases.
Chemical Grade:
The chemical grade is the type that contains impurities such as urea, pesticides, and heavy metals. It provides relief from respiratory irritations following exposure to smoke or fumes. Chemical grades are primarily used in pharmaceutical applications including inhalation solutions for the treatment of asthma & Chronic Obstructive Pulmonary Disease (COPD). It also plays an important role in extinguishing fires by smothering them due to the water-absorbing properties that help it cool down burning things without causing harm to people around.
On the basis of Application, Global Ammonium Carbonate Market is segmented into Leavening Agent, Food Industry, Pharmaceutical Industry, Extinguishing Agent.
COVID-19 Impact analysis
- The current pandemic situation has caused disruption in the manufacturing of ammonium carbonate by means of raw material unavailability.
- Adding to this, the ammonium carbonate market is expected to have a spurting effect on food productivity and crop yields especially on economy that are predominantly agriculture based in a time when demand for agriculture produced is anticipated to register a spike in medium term.
- Due to this ongoing pandemic, the chemical industry that is ammonium carbonate market has been severely affected throughout the world because of the industries being shutdown there was hardly any demand for chemicals including ammonium carbonate
- Manpower shortage, logistical restrictions, material unavailability and other restrictions have impeded the growth of ammonium carbonate market in a considerable manner.
