Global Ammonium Chloride Market: Overview
Ammonium chloride refers to an inorganic compound that is highly soluble in water. Ammonium chloride finds use in a wide variety of applications, which boosts the global ammonium chloride market. It finds use as a flux in the preparation of metals that are to be soldered, galvanized, or tin coated. It is also used for the maintenance of pH and as an expectorant in cough medicine. However, high demand of nitrogen source in fertilizers is encouraging expansion of the global ammonium chloride market.
Product type, application, and region are the three parameters based on which the global ammonium chloride market has been segmented for better understanding of the market.
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Global Ammonium Chloride Market: Notable Developments
One of the developments that characterize the changing course of the global ammonium chloride market is as mentioned below:
- In 2018, Leading German chemical producer BASF SE has acquired some of the businesses of German pharmaceutical company, Bayer AG. This strategic move is likely to strengthen digital farming, biotech, and crop protection segments of BASF SE. The transaction also marks the entry of BASF into nematicide seed, seeds, and non-selective herbicides. It is expected that with this deal, BASF SE will be able to strengthen its portfolio of agricultural solutions and expand its reach in the agricultural industry.
Some well-known organizations in the global ammonium chloride market include:
- BASF SE
- CNSG Anhui Hong Sifang Co. Ltd.
- Jiangsu Huachang Chemical Co. Ltd
- Central Glass Co. Ltd.
- Dallas Group of America Inc
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Global Ammonium Chloride Market: Key Trends
The following drivers, opportunities, and restraints characterize global ammonium chloride market over the forecast period, from 2019 to 2027.
Increased Use as Nitrogen Source in Fertilizers is Likely to Accentuate its Demand
The global ammonium chloride market is expected to be driven mainly by its demand as nitrogen source in fertilizers, primarily for the cultivation of wheat and rice in Asia. The growing use of ammonium chloride in various applications other than fertilizers is likely to generate copious opportunities for generation of revenue. It also finds use as an ingredient in contact explosives, safety matches, and in fireworks.
Ammonium chloride finds extensive use in the food industry. It is used as yeast nutrient in the bread making process and as food additive in the industry. In addition, copious use of ammonium chloride as a feed supplement for cattle is likely to support growth of the global ammonium chloride market over the assessment tenure, 2019 to 2027.
Ammonium chloride also finds use as an ingredient in various personal care and cleansing products like facial cleanser, conditioner, bath oils, shampoo, dishwashing detergent, bleach, and hair color. Another significant use of ammonium chloride is as an electrolyte in dry cell batteries owing to its ionic compound. Its use as fire extinguisher and as curing agent in formaldehyde-based adhesives acts as growth factors for the global ammonium chloride market.
On the other hand, the strict regulations in the healthcare industry are likely to hinder market growth largely. Ammonia chloride comes with low nitrogen content as compared to urea or ammonium nitrate is estimated to impede expansion of the global ammonium chloride market over the forecast tenure.
Global Ammonium Chloride Market: Geographical Analysis
To offer all-inclusive view of the global ammonium chloride market, TMR experts have segmented the market based on region. The market is divided into the major regions of Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America.
From the regional viewpoint, North America is likely to account for a prominent share of the global ammonium chloride market. Regional supremacy of North America is attributed to progress of the agricultural sector in the region. Asia Pacific is also expected to emerge as a leading region as most of the countries are agro-based economies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.