As per MRFR analysis, the Ammonium Carbonate Market Size was estimated at 5.71 (USD Billion) in 2022.The Ammonium Carbonate Market Industry is expected to grow from 5.85(USD Billion) in 2023 to 7.34 (USD Billion) by 2032. The Ammonium Carbonate Market CAGR (growth rate) is expected to be around 2.55% during the forecast period (2024 - 2032).
Key Ammonium Carbonate Market Trends Highlighted
Due to its increasing usage in various industries, the Ammonium Carbonate Market is likely to experience a rise in demand in the forecast period. The key market drivers are the applications of the product as leavening agents in the food sector, cleaning agents in households and flux in the metalworking industries. In addition, the increasing use of fertilizers and their application in wastewater reclamation is likely to aid in the growth of the market.
Moving forward, the ammonium carbonate market has witnessed such expansion also germane to the adoption of new grades of modified ammonium carbonate particularly with respect to purity and solubility. New technologies of production have also arisen in order to lessen the negative environmental effects while enhancing the degree of effectiveness. In addition, the growing volume of ammonium carbonate usage in construction and chemical sectors in developing countries is creating new prospects for the market.
Market players are, therefore, looking to seize these opportunities by making strides in the development of new products and broadening their presence. It is expected that smart, collaborative activities and alliances will be essential for market growth by optimizing the use of available resources and energetic capacity. Furthermore, efforts to enhance the quality of ammonium carbonate as well as its eco-friendliness through research and development, are expected to determine the prospects of the ammonium carbonate market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ammonium Carbonate Market Drivers
Increasing Demand from the Construction Industry
Ammonium carbonate is commonly used in the construction industry as an additive in concrete and mortar. It functions as a setting accelerator, decreasing the time required for concrete to set. The increased demand for construction activities, particularly in developing regions, is estimated to drive the market demand for ammonium carbonate. Urbanization, infrastructure development, and growing construction activities are primary reasons for the growth of the construction industry that leads to the increasing demand for ammonium carbonate.In addition, government investments in infrastructure projects and initiatives contribute to market development.
Expansion of Pharmaceutical and Healthcare Applications
Ammonium carbonate is majorly used in the pharmaceutical and healthcare industries. The substance is applied as an expectorant in cough syrups or as an antacid in different medicinal formulas. The expansion of the healthcare industry and the growing prevalence of different respiratory and digestion-related diseases result in the increased demand for ammonium carbonate. In addition, the enhanced interest of the pharmaceutical industry in the development of new and improved formulas is expected to drive the growth of the market for ammonium carbonate in the healthcare industry.
Growing Adoption in Agriculture and Fertilizers
Ammonium carbonate serves as a soil fertilizer in agriculture, supplying nitrogen to plants. It is a fast-acting nitrogen supplier and contributes to the increased crop yield and quality. The growth of the global population and developing demand in the food production sector encourage broader adoption of the compound in agriculture. Additionally, the need to reduce environmental impact due to the increasing amount of fertilizers enhances the demand for eco-friendly solutions, including ammonium carbonate.
Ammonium Carbonate Market Segment Insights:
Ammonium Carbonate Market Grade Insights
The Ammonium Carbonate Market Size Based On Application is segmented by grade into Food Grade, Pharmaceutical Grade, Technical Grade, and Industrial Grade. Food Grade is the largest segment, and it is expected to register significant growth over the forecast period. This is attributable to the rising demand for ammonium carbonate in the food and beverage industry. Ammonium carbonate is used as a leavening agent in baking, and it is utilized as a flavor enhancer in various food products. The pharmaceutical-grade segment is also anticipated to grow at a steady rate.This is due to the burgeoning demand for ammonium carbonate in the production of pharmaceuticals and cosmetics. Ammonium carbonate is used as an antacid, and it is integrated into several topical preparations. The Technical Grade segment is expected to be the largest due to the huge revenue it generates. The number of applications for the grade is numerous, including its use in the construction, paints, and detergents industries. Ammonium carbonate is utilized as a flux in soldering and brazing, it is used as a neutralizing agent in the treatment of wastewater, and it is incorporated into fire retardants.The Industrial Grade segment is also projected to record steady growth. The growing demand for ammonium carbonate in the production of textiles, fertilizers, and paper will fuel the growth. Ammonium carbonate is used as a nitrogen source and it is used in the manufacture of fertilizers. It is used as a mordant in the dyeing of textiles, and it is used as a sizing agent in the production of paper.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ammonium Carbonate Market Application Insights
The market growth is attributed to the rising demand for ammonium carbonate in various end-use industries such as food additives, pharmaceuticals, glass production, ceramics industry, and agriculture. In the food additives segment, ammonium carbonate is used as a leavening agent in baked goods and as a pH adjuster in processed foods. The pharmaceutical industry utilizes ammonium carbonate as an antacid and in the production of cough syrups and expectorants. In glass production, it is employed as a fluxing agent to lower the melting point of glass mixtures.The ceramics industry uses ammonium carbonate as a source of ammonia in glazes and enamels. In agriculture, it is applied as a nitrogen fertilizer and as a soil conditioner. Among these applications, food additives and glass production are expected to remain the dominant segments throughout the forecast period. The growing demand for processed foods and beverages is driving the food additives segment, while the increasing production of glass containers and fiber optics is fueling the glass production segment.
Ammonium Carbonate Market Particle Size Insights
Particle Size segment of the Ammonium Carbonate Market is expected to witness steady growth in the coming years. The Fine Powder segment held the largest market share in 2023, and it is projected to continue its dominance throughout the forecast period. The growing demand for fine powder ammonium carbonate in the food, beverage, pharmaceutical, and agricultural industries is driving the segment's growth. The Granular segment is expected to exhibit a significant CAGR during the forecast period due to its increasing use in water treatment and fertilizer applications.The Prills and Lump segments are also anticipated to experience steady growth, primarily driven by their applications in the construction and chemical industries.
Ammonium Carbonate Market Regional Insights
The Ammonium Carbonate Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest regional segment, accounting for over 35% of the global market in 2023. The market in this region is driven by the increasing demand for Ammonium Carbonate in the construction industry. Europe is the second-largest regional segment, with a market share of over 30%. The demand for Ammonium Carbonate in this region is primarily driven by its use in the pharmaceutical industry. APAC is the third-largest regional segment, with a market share of over 20%.The market in this region is growing rapidly due to the increasing demand for Ammonium Carbonate in the fertilizer industry. South America and MEA are the two smallest regional segments, accounting for a combined market share of less than 15%. The market in these regions is expected to grow at a moderate pace in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ammonium Carbonate Market Key Players And Competitive Insights:
Major players in the Ammonium Carbonate Market industry are investing heavily in research and development to develop new and innovative products. This is expected to lead to the launch of new products in the market, which will further intensify the competition. Leading Ammonium Carbonate Market players are also focusing on expanding their global reach by entering new markets and forming strategic partnerships with local players. The Ammonium Carbonate Market industry is expected to witness significant development in the coming years as a result of these factors. The competitive landscape of the Ammonium Carbonate Market is expected to remain fragmented, with a number of small and medium-sized players operating in the market. These players are expected to face increasing competition from larger players, who have the resources to invest in research and development and expand their global reach.Qingdao Mingcheng Chemical Co., Ltd. is a leading manufacturer of Ammonium Carbonate in China. The company has been in the Ammonium Carbonate business for over 20 years and has a strong track record of innovation and customer service. Qingdao Mingcheng Chemical Co., Ltd. offers a wide range of Ammonium Carbonate products, including food grade, industrial grade, and pharmaceutical grade. The company's products are used in a variety of applications, including food processing, pharmaceuticals, and water treatment. Qingdao Mingcheng Chemical Co., Ltd. is committed to providing high-quality products and services to its customers. The company has a team of experienced engineers and technicians who are dedicated to meeting the needs of its customers.Tata Chemicals Limited is a leading global manufacturer of Ammonium Carbonate. The company has a strong presence in India, Europe, and North America. Tata Chemicals Limited offers a wide range of Ammonium Carbonate products, including food grade, industrial grade, and pharmaceutical grade. The company's products are used in a variety of applications, including food processing, pharmaceuticals, and water treatment. Tata Chemicals Limited is committed to providing high-quality products and services to its customers. The company has a team of experienced engineers and technicians who are dedicated to meeting the needs of its customers.
Key Companies in the Ammonium Carbonate Market Include:
Ammonium Carbonate Market Industry Developments
Despite economic headwinds, the Ammonium Carbonate Market is projected to grow steadily over the next decade. Driven by increasing demand from the construction, automotive, and agriculture industries, the market is anticipated to reach a valuation of $7.34 billion by 2032, exhibiting a CAGR of 2.55% from 2024 to 2032.Key market trends include the growing adoption of ammonium carbonate in green building materials, the expansion of the automotive industry in emerging economies, and the increasing use of ammonium carbonate as a fertilizer. However, market growth may be hindered by environmental regulations and the availability of substitutes.
Ammonium Carbonate Market Segmentation Insights
| Report Attribute/Metric | Details |
| Market Size 2022 | 5.71(USD Billion) |
| Market Size 2023 | 5.85(USD Billion) |
| Market Size 2032 | 7.34(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 2.55% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Innophos Holdings, OCI Nitrogen, Tata Chemicals, Fertiberia, Yara International, Asahi Kasei, SABIC, BASF, Tosoh Corporation, PCC Group, Helm AG, Evonik Industries, Clariant, Shchekinoazot |
| Segments Covered | Grade, Application, Particle Size, Regional |
| Key Market Opportunities | Rising demand for fertilizers, pharmaceuticals and industrial applications urbanization and population growth in emerging economies growing consumer awareness of hygiene and sanitization increasing use in food processing and beverage industry |
| Key Market Dynamics | Rising demand from the construction industry Surge in demand for fertilizers Growing application in household cleaning products Increasing use in pharmaceutical sector Expanding food and beverage industry. |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Ammonium Carbonate Market is projected to reach an estimated valuation of 5.85 Billion USD in 2023.
The Ammonium Carbonate Market is anticipated to grow at a steady CAGR of 2.55% during the forecast period from 2024 to 2032.
By 2032, the Ammonium Carbonate Market is expected to reach an estimated valuation of 7.34 Billion USD.
North America region is anticipated to lead the Ammonium Carbonate Market throughout the forecast period.
Ammonium Carbonate finds applications in the production of fertilizers, ceramics, and detergents.
Key players in the Ammonium Carbonate Market include BASF, Solvay, and Evonik.
Stringent environmental regulations have led to increased demand for environmentally friendly alternatives to Ammonium Carbonate.
Advancements in technology are optimizing production processes and improving the efficiency of Ammonium Carbonate.
Fluctuating raw material prices and intense competition pose challenges to the Ammonium Carbonate Market.
The Ammonium Carbonate Market is expected to witness steady growth in the coming years, driven by increasing demand from various industries.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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