Ammonium Carbonate Market Overview:
During the forecast period, the global ammonium carbonate market is projected to experience a stable revenue CAGR. Ammonium carbonate is widely used in the textile industry for dyeing and printing, where it enhances pigment fastness on fibers, particularly wet fastness. This salt is used to ensure proper fabric dyeing and improve fastness properties, as pastes used for textile printing contain an alkali substance that can stain the material during the washing process, thus limiting the dyeing process. The aforementioned factors are expected to boost the market revenue growth during the forecast period.
Ammonium carbonate, also known as baker's ammonia or hartshorn, is a white crystalline salt that is water-soluble and decomposes in hot water. When heated, it breaks down into gaseous ammonia, carbon dioxide, and water vapor. It is traditionally used as a carminative and stomachic. It serves as a foaming agent in the production of expanded material and is used in various applications such as cosmetics and personal care, fire extinguishers, textiles (mordant; dyeing), wine fermentation accelerator, ceramics, washing wool, adhesives, sealant chemicals, and organic chemicals. In the chemical industry, ammonium carbonate is also utilized for analytical purposes.
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Ammonium Carbonate Market Segments:
The global market for sodium bicarbonate is expected to experience significant growth from 2019 to 2030, with revenue increasing from USD billions to even higher levels. This growth is being driven by several factors, including the increasing demand for sodium bicarbonate in the food and pharmaceutical industries, as well as the expanding use of the chemical in extinguishing agents.
In terms of grades, both pharmaceutical and chemical grades of sodium bicarbonate are expected to contribute to the growth of the market. The pharmaceutical grade segment is expected to experience particularly strong growth, driven by the increasing demand for sodium bicarbonate in the production of drugs and other medical applications.
In terms of applications and end-use, sodium bicarbonate is commonly used as a leavening agent in the food industry, contributing to the growth of this segment. In addition, the pharmaceutical industry is expected to drive demand for sodium bicarbonate as an active ingredient in the production of drugs. Sodium bicarbonate is also used as an extinguishing agent, contributing to the growth of this segment as well.
Geographically, North America is expected to be the largest market for sodium bicarbonate during the forecast period, with the United States, Canada, and Mexico contributing to this growth. Europe is also expected to experience significant growth, with Germany, the United Kingdom, France, Italy, Spain, BENELUX, and the rest of Europe contributing to this trend. The Asia Pacific region is expected to be another significant market, with China, India, Japan, South Korea, and the rest of the Asia Pacific contributing to growth. Latin America and the Middle East Africa are also expected to experience growth in the market for sodium bicarbonate, with Brazil, Saudi Arabia, the United Arab Emirates, South Africa, and the rest of Latin America and the Middle East Africa contributing to this trend.
Overall, the global market for sodium bicarbonate is expected to experience significant growth over the forecast period, driven by the increasing demand in various industries and regions.
Ammonium Carbonate Market Strategic Developments:
Oreo recently unveiled its plan to introduce Neapolitan-flavored cookies in July 2022, featuring a waffle cone-flavored cookie with layers of chocolate, strawberry, and vanilla crème. This product launch is anticipated to boost demand in the North American region, and it is expected that more similar product launches will follow in the future.
In March 2022, Hershey India Pvt. Ltd. expanded its chocolate spread line in India by launching the new Crunchy Cookie Chocolate Spread. This launch is part of the company's efforts to strengthen its product portfolio in the country.
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Ammonium Carbonate Market Competitive landscape:
The global market for chemicals and materials is highly competitive, with several key players vying for market share. Some of the leading companies in this industry include TCC in the Netherlands, BASF SE in Germany, and AMRESCO in the United States. These companies offer a wide range of chemical and material solutions to a variety of industries, including pharmaceuticals, agriculture, and electronics.
Honeywell International Inc. in the United States and Avantor, Inc. in the United States are also key players in the chemicals and materials market. Honeywell International Inc. offers a diverse range of chemicals and materials, including advanced materials and specialty chemicals. Avantor, Inc. is a global supplier of ultra-high-purity materials for the life sciences and advanced technology markets.
Sandvik Materials Technology in India and Taixing Dongyu Chemical Co. Ltd. in China are two other important players in the market. Sandvik Materials Technology specializes in developing and manufacturing advanced stainless steels, special alloys, titanium, and other high-performance materials. Taixing Dongyu Chemical Co. Ltd. is a leading producer of fine chemicals and pharmaceutical intermediates.
Overall, these companies are expected to continue to play a significant role in the global market for chemicals and materials, offering innovative solutions to a range of industries around the world.
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