Global Ammonium Carbonate Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Ammonium Carbonate, a salt primarily known for its application as a leavening agent in baking, offers a variety of unique chemical properties that bolster its consumption across various industries. Its versatility is further epitomized in its ability to serve as a vital ingredient in the production of certain pharmaceuticals and a critical component in fire extinguishing compounds. The recent upsurge in demand for Ammonium Carbonate is predominantly fueled by the food industry, where it is extensively used as a fermentation agent.
Market Key Insights
- The Ammonium Carbonate market is projected to grow from $1.0 billion in 2024 to $1.8 billion in 2034. This represents a CAGR of 5.9%, reflecting rising demand across Baking, Chemical and Pharmaceutical Industry.
- BASF SE, Yara International, OCI Nitrogen are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Ammonium Carbonate market and are expected to observe the growth CAGR of 3.8% to 5.7% between 2024 and 2030.
- Emerging markets including Vietnam, Kenya and Peru are expected to observe highest growth with CAGR ranging between 6.8% to 8.1%.
- Transition like Evolution of Green Chemistry is expected to add $100.0 million to the Ammonium Carbonate market growth by 2030
- The Ammonium Carbonate market is set to add $0.8 billion between 2024 and 2034, with manufacturer targeting Pharmaceuticals & Dye & Pigments End-user Applications projected to gain a larger market share.
- With The rising demand in food industry, and Growing use in pharmaceutical industry, Ammonium Carbonate market to expand 77% between 2024 and 2034.
Opportunities in the Ammonium Carbonate
The implementation of cutting-edge technology in the manufacturing process of ammonium carbonate can greatly increase efficiency while reducing costs. Leveraging technological innovation, companies can achieve superior control over the purity and grade of the final product, leading to enhanced market standing and customer satisfaction
Growth Opportunities in North America and Europe
North America Outlook
In the North American market, the primary driver for Ammonium Carbonates demand is its extensive usage in the baking industry as a leavening agent, signifying opportunities for manufacturers in the food sector. Moreover, as a key ingredient in smell-releasing salts used in fitness and healthcare segments, Ammonium Carbonate has noted a positive trajectory in demand. Despite mature market conditions and intense competition among key players, innovations in the usage of Ammonium Carbonate in environment-friendly cleaning products and pharmaceuticals sets the pace for prospective growth trends in this region. The U. S., being home to a diverse array of industries, remains the significant contributor to this regions overall demand.
Europe Outlook
Europe, specifically the Western part, provides an integral market for Ammonium Carbonate, primarily fueled by its use in the pharmaceutical industry. Its incorporation in certain medications as an expectorant proves crucial for market penetration. Additionally, its use as a leavening agent in traditional European cuisine opens new avenues for growth. However, environmental regulations and intense competition among European manufacturers present challenges. Still, strategic alliances, product innovation, especially in sectors like green cleaning products, fostering sustainability, have provided a competitive edge to players. Germany, France, and the U. K. are significant contributors in this region owing to their robust pharmaceutical and food industries.
Market Dynamics and Supply Chain
Driver: The Rising Demand in Food Industry, and Increased Application in Agriculture
Ammonium Carbonate plays a vital role in the medical field. It also serves as an expectorant for the treatment of chronic and acute bronchitis which has also seen a surge due to the increased air pollution levels. As a result, any growth in the pharmaceutical sector directly correlates with the rise in Ammonium Carbonate application.
Restraint: Regulatory Constraints
Opportunity: Untapped Verticals in Pharmaceuticals and Strategic Collaborations and Mergers
Strategic collaborations with different industries such as food and agriculture, where ammonium carbonate serves as an essential ingredient for baking and fertilizing, can amplify the reach of the product. Engaging in partnerships provides opportunities to co-create unique product offerings, ensuring long-term profitability for ammonium carbonate businesses.
Challenge: Market Saturation
Supply Chain Landscape
BASF SE
Yara International ASA
Sigma-Aldrich Co.
Indian Methylamine and Chemicals Ltd
LANXESS
Avantor Performance Materials
Pharmaceutical
Food & Beverage
Textile
BASF SE
Yara International ASA
Sigma-Aldrich Co.
Indian Methylamine and Chemicals Ltd
LANXESS
Avantor Performance Materials
Pharmaceutical
Food & Beverage
Textile
Applications of Ammonium Carbonate in Baking, Chemical & Pharmaceutical Industry
Ammonium carbonate, often referred to as bakers ammonia, plays a crucial role in the baking industry. This especial of leavening agent is used for making cookies, flat biscuits, and crackers. When heated, ammonium carbonate decomposes and releases ammonia and carbon dioxide gases, which contributes to the leavening process within the batter and results in lighter, fluffier baked goods. The top players in this application, such as Nestl and Mondelez International, rely on ammonium carbonate due to its unique advantage of producing baked goods with an optimum texture and minimal aftertaste.
In the pharmaceutical industry, ammonium carbonate is widely used in the production of expectorants, which help in expelling mucus or phlegm from the throat or lungs. Of particular use is the crystalline form of ammonium carbonate, known for its quick dissolving properties when mixed with liquids. Global pharmaceutical companies like Pfizer and Sanofi have capitalized on this, incorporating ammonium carbonate in their over-the-counter medications due to its efficacy in relieving respiratory issues.
The chemical industry also extensively uses ammonium carbonate as an essential component in the manufacturing of dyes, pigments, and in the production of others of inorganic and organic salts. The fine powdered form of ammonium carbonate is often preferred due to its reactive nature.
Recent Developments
Premier Chemicals announces the launch of an environmentally friendly, premium-grade Ammonium Carbonate for the bakery industry, signaling a shift towards sustainable practices in manufacturing processes.
BASF introduces a novel Ammonium Carbonate catalyst for harnessing clean energy, marking a breakthrough in renewable energy technologies.
Evonik Industries expands its Ammonium Carbonate production base in Asia, showing their determination to fortify their presence in the rapidly growing markets.