Global Ammonium Carbonate Market: Overview
The global ammonium carbonate market is likely to rise steadily over the forecast period. The vast applications of ammonium carbonate in both small and large industries is serving to boost the ammonium carbonate market.
Ammonium carbonate is a salt, and also known as baker’s ammonia. It is a leavening agent that is used in baked goodies such as cookies and flat biscuits. Ammonium carbonate also has pharmaceutical use. Ammonium carbonate also finds use in some smokeless tobacco products.
The global ammonium carbonate market could be segmented on the basis of application and geography.
The report provides a quantitative and qualitative analysis of the global ammonium carbonate market. It does so using industry-centric tools and proven research methodologies. The competitive analysis of the market presented in the report is a key feature. Market stakeholders can leverage this analysis to formulate lucrative business growth strategies.
Global Ammonium Carbonate Market: Key Trends
The rising consumption of processed foods such as cookies and crackers is fueling the ammonium carbonate market. It is used as a leavening agent, and can substitute baking powder in baked goods. Ammonium carbonate is mainly used in cookies, where ammonium gas can escape on baking.
Ammonium carbonate is also used as an acidity regulator in some foods. This is further aiding the growth of ammonium carbonate market.
Ammonium carbonate also finds use in some pharmaceutical formulations. It is available in drug stores and specialty food stores.
On the flip side, the use of ammonium carbonate has environmental implications. Ammonium carbonate is toxic for the environment, which is limiting its use.
Stringent guidelines for manufacturers of ammonium carbonate is also restraining the growth of the ammonium carbonate market.
Global Ammonium Carbonate Market: Geographical Analysis
The global ammonium carbonate market could be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Among these, Europe is a key market for ammonium carbonate. High consumption of baked goods and wide acceptance of ammonium carbonate as a leavening agent accounts for large share of Europe.
North America also holds substantial share in the global ammonium carbonate market.
Asia Pacific is anticipated to hold substantial share of the ammonium carbonate market in the future. Changing lifestyle and rising consumption of processed food in emerging economies is stoking demand for specialty food ingredients. This includes dry mixes and leavening agents used in other non-native cuisines. In addition, increasing purchasing power leading to increasing consumption of processed foods is also indirectly aiding the growth of ammonium carbonate market.
Global Ammonium Carbonate Market: Competitive Analysis
Some of the prominent companies operating in the global ammonium carbonate market are 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, Yixing Waxing Chemical, P J Chemicals, Syngenta AG, and SinoHarvest Corporation.
R&D and product development are the key growth strategies prominent companies in the market are focusing on.
Market segmentation based on geography:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments