According to Future Market Insights, the global ammonium carbonate industry is projected to experience significant growth, with a forecasted compound annual growth rate (CAGR) of 5.2% leading to a valuation of US$ 688 million by 2022. With a promising demand outlook, this industry is expected to further expand, reaching a market size of US$ 1.1 billion by the year 2032, indicating substantial potential for future development and investment opportunities.
Ammonium carbonate is widely used in various as a leavening agent for baking goods. Manufacturers in the food sector are using food-grade ammonium carbonate since the demand for baked goods and crispy snacks with longer shelf-life is growing. The various benefits of food-grade ammonia above other chemical leavening ingredients for specific types of cookies are anticipated to fuel sales in the market.
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Also, when compared to alternative leavening agents, the usage of food-grade ammonium carbonate results in a crispness that lasts longer. Furthermore, because food-grade ammonium carbonate is not extremely reactive at room temperature, it has a good bench tolerance, making it ideal for cookie dough storage. As a result, bakers are increasingly incorporating food-grade ammonium carbonate into products that require exceptional crispness and shelf life.
In addition to this, ammonium carbonate is used in the textitle industry for syeing and printing various fibers. These salts increase the fastness property of the pigment on fiber, especially wet fastness. Due to this reason, ammonium carbonate salt is used widely in the textiles industry.
“Increasing demand for ammonium carbonate in the pharmaceutical sector, along with ongoing expansion of the food and beverage sector across emerging economies are key factors expected to create opportunities for growth in the market,” says an FMI analyst.
Key Takeaways:
- The global ammonium carbonate industry is expected to reach US$ 1.1 Bn by 2032, growing at a CAGR of 5.2% over the forecast period.
- The rising demand for ammonium carbonate for various applications in the food industry is expected to propel the growth in the market.
- Key players are focusing on increasing production capacity and expansion by setting up new plants to cater to the growing demand.
- Ammonium carbonate is compatible for dyeing purposes to increase the fastness property of the fabric.
Competitive Landscape
Taixing Dongyu Chemical, Oasis Fine Chem, Akash Purochem Private Limited, Shanghai Tenglong Agrochemical Co. Ltd., BASF, Sinoharvest Corporation., Merckmillipore, Sandvick, Honeywell, Vishnupriya Chemicals, Adhunik Industries, Huaron Chemical Co Ltd, Prochem Inc, And Takasugi Pharmaceutical others are some of the key players in the ammonium carbonate industry.
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Ammonium Carbonate Industry Segmentation
By Grade:
- Pharmaceutical Grade
- Food Grade
By Type:
- Lumps
- Powder
By Application:
- Leavening Agent
- Pharmaceutical Ingredients
- Food & Beverage agent
By End-Use:
- Pharmaceutical Industry
- Cosmetic & Personal Care
- Food Industry
- Textile Industry
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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