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Ammonium Ferric Citrate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Ammonium ferric citrate is a reddish brown colored crystalline powder. Ammonium ferric citrate is totally soluble in water but insoluble in alcohol. Ammonium ferric citrate is prepared by reaction of ferric hydroxide with aqueous solution of citric acid and ammonia. Ammonium ferric citrate is a multi-functional compound, which serves many end-user industries such as food & beverage, pharmaceutical, photographic printing, wastewater management and metal processing among others. Ammonium ferric citrate is used as a food additive during food & beverage processing for the purpose of acid regulation and as an iron supplement. The pharmaceutical industry employs ammonium ferric citrate as an intermediate in drug processing and as a contrast agent in medical imaging. Ammonium ferric citrate acts as a reducing agent thus suppressing salt formation in metals such as gold and silver. Moreover, ammonium ferric citrate is used for water purification and to make blue prints required in printing process.

The demand for ammonium ferric citrate is driven by increased consumption in pharmaceutical and food & beverage industries. Food & beverage industry uses ammonium ferric citrate for making iron supplementary beverages. These supplements are generally given to children having iron deficiency. Iron deficiency affects the physical as well as mental growth in children which ultimately results in diseases such as anemia and other abnormalities. Ammonium ferric citrate on consumption easily synthesizes into iron and gets readily absorbed into the blood. Moreover, ammonium ferric citrate acts as an acid regulator for changing or neutralizing the pH levels, hence is suitably used in manufacturing of food products. In pharmaceutical industry, ammonium ferric citrate is used mainly in medical imaging. Ammonium ferric citrate acts as a contrast agent, which improves the visibility of blood vessels for better health diagnosis. Magnetic resonance imaging and X-ray attenuation techniques are considered as major medical imaging applications for ammonium ferric citrate.

In terms of global demand, Asia Pacific is likely to show the fastest growth for ammonium ferric citrate by the end of forecast period. Demand for ammonium ferric citrate is expected to grow, owing to increasing developments in pharmaceutical industry among other end-users. China is currently one of the major producer and distributor of ammonium ferric citrate. China distributes ammonium ferric citrate to various regions such as Europe and South America. Meanwhile, India has good international market for ammonium ferric citrate, owing to its good distribution network mainly in North America. China is likely to lead followed by India and Japan by the end of 2020. Other Asia Pacific countries including Singapore and Vietnam are anticipated to have emerging ammonium ferric citrate market, in the coming years. Considering the food additives market, present scenario reflects no threat of replacement for ammonium ferric citrate, which can  be considered as a driving factor for the growth of ammonium ferric citrate. Owing to such a situation, India is expected to lead by the end of forecast period. Rest of the world region is anticipated to illustrate a slow paced growth in demand for ammonium ferric citrate over the coming years. Brazil and South Africa are expected to provide better opportunities for the ammonium ferric citrate market by 2024. North America and Europe are expected to depict a sluggish growth by 2024, owing to their established markets and heavy regulations on production of ammonium ferric citrate.

Some of the major players dominating the ammonium ferric citrate market include Shreenath Chemicals, West Bengal Chemical Industries Limited, New Alliance Dye Chemicals Private Limited and Eminenco Pharma Limited.  

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
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  • Technological breakthroughs
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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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  • Emerging niche segments and regional markets
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