Future Market Insights projects that the ammonium carbonate market will expand quickly during the forecast period, growing at a CAGR of 5.2%, and reaching a value of US$ 688 million by 2022. Manufacturers in the food business are being driven to use food-grade ammonium carbonate as a result of the growing demand for baked goods and snacks with longer shelf lives, which is helping to increase sales.
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.
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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 market 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 market.
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Ammonium Carbonate Market 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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