Enjoy complimentary customisation on priority with our Enterprise License!
The ammonium carbonate market share is expected to increase by 391.38 thousand tons from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.47%.
This ammonium carbonate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ammonium carbonate market segmentations by application (pharmaceutical and chemical, food and beverages, foaming agent, and others) and geography (Europe, APAC, North America, MEA, and South America). The ammonium carbonate market report also offers information on several market vendors, including Avantor Inc., BASF SE, HAYAKAWA & Co. Ltd., Honeywell International Inc., Merck KGaA, ProChem Inc., Sandvik AB, Taixing Dongyu Chemical Co. Ltd., The Chemical Co., and Thermo Fisher Scientific Inc. among others.
Download the Free Report Sample to Unlock the Ammonium Carbonate Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising demand from pharmaceutical sector is notably driving the ammonium carbonate market growth, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ammonium carbonate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ammonium Carbonate Market Driver
One of the key factors driving the ammonium carbonate market growth is the rising demand from pharmaceutical sector. The growth of the pharmaceutical industry, due to the global aging population and better access to healthcare centers, is expected to drive the demand for ammonium carbonate. The pharmaceutical industry is growing at a rapid pace with high market potential for new medicines and therapy forms. Moreover, according to the World Bank Group, the population across the globe is estimated to increase by 1.23% until 2025. Ammonium carbonate is used in the formulation of expectorants and pharmaceutical aids (used in the preparation of ammonia spirit and reflex respiratory stimulant in hysterical syncope). The growing medical spending and the raising awareness of healthcare insurance are expected to drive the growth of the pharmaceutical industry. The global pharmaceutical drugs sales are expected to reach more than 1 trillion by 2022. The increase in R&D activities in the pharmaceutical industry, especially in countries such as the US, Germany, France, Canada, and the UK, is expected to fuel the growth of the pharmaceutical industry, which will augment the growth of the global ammonium carbonate market.
Key Ammonium Carbonate Market Trend
Increase in R&D activities is the major trend influencing the ammonium carbonate market growth. The low-cost production methods of ammonia manufacturing are expected to reduce the production cost of ammonium carbonate. The US Department of Energy (DOE), under its Advanced Research Projects Agency-Energy (ARPA-E) projects, provides funding for the production of ammonia from renewable energy sources such as water, renewable electricity, and air. Technological improvements such as Haber-Bosch process improvements, catalysts and absorbents selection, and new electrochemical processes are used in the production of ammonia. Such advanced technologies are expected to lower the production cost of ammonia, thereby driving the demand for ammonium carbonate. The use of ammonium salts as a fuel cell for hydrogen storage is also expected to augment the growth of the global ammonium carbonate market. The ammonium carbonate-based fuel cells with ammonia-ion-conducting or hydrogen-ion-conducting electrolyte have high potential in transport and portable applications.
Key Ammonium Carbonate Market Challenge
Volatility in raw material prices is one of the key challenges hindering the ammonium carbonate market growth. Ammonia is one of the major raw materials used for the production of ammonium carbonate. The increase in the price of ammonia is expected to lower the profit margins of the vendors in the global ammonium carbonate market. The tightened supply demand due to the scheduled and unscheduled shutdown of plants increased the price of ammonia in the third quarter of 2018 in Europe and North America. APAC had witnessed an increase in the price of ammonia due to the shutdown of plants, which affected the ammonium carbonate market in the region. The ammonia prices rose 18%-22% during the third quarter of 2018 due to major plant shutdowns. For instance, the delayed restart of the Yara Pilbara plant in Australia in 2018 has affected the production of ammonia. In addition, In 2018, the technical problems and delayed commissioning of the Panca Amara Utama (PAU) plant in Indonesia had increased the ammonia prices.
This ammonium carbonate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the globalammonium carbonate market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ammonium carbonate market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the ammonium carbonate market encompasses successful business strategies deployed by the key vendors. The ammonium carbonate market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ammonium carbonate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the ammonium carbonate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
For more insights on the market share of various regions Request for a FREE sample now!
34% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for ammonium carbonate market in Europe. Market growth in this region will be slower than the growth of the market in APAC regions.
The use of ammonium carbonate as a leavening agent in food and beverages, for the production of lebkuchen and other baked products will facilitate the ammonium carbonate market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The Netherlands, the UK, Spain, Italy, France, and Germany were some countries severely affected by COVID-19 in the region in 2020. The lockdowns imposed in various countries in the region during the first few months of 2020 resulted in the shutdown of various manufacturing plants and disrupted supply chains. This hindered the growth of the ammonium carbonate market in the region, especially during the first few months of 2020. The lockdown situation affected routine activities in the region, including industrial production and research activities, which hindered the demand for ammonium carbonate. However, the declining number of COVID-19 cases, along with the lifting of government restrictions, has resulted in the normalization of operations in regional manufacturing industries, which is expected to contribute to the growth of the regional market during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The ammonium carbonate market share growth by the pharmaceutical and chemical will be significant during the forecast period. The rising demand for ammonium carbonate in the pharmaceutical industry for product formulation and rise in research activities are expected to contribute to the growth of the market during the forecast period.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the ammonium carbonate market size and actionable market insights on post COVID-19 impact on each segment.
Ammonium Carbonate Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.47% |
Market growth 2021-2025 |
391.38 th tons |
Market structure |
Fragmented |
YoY growth (%) |
3.67 |
Regional analysis |
Europe, APAC, North America, MEA, and South America |
Performing market contribution |
Europe at 34% |
Key consumer countries |
US, China, Germany, South Korea (Republic of Korea), and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Avantor Inc., BASF SE, HAYAKAWA & Co. Ltd., Honeywell International Inc., Merck KGaA, ProChem Inc., Sandvik AB, Taixing Dongyu Chemical Co. Ltd., The Chemical Co., and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.