Ammonium Carbonate Market is driven by Agricultural
Fertilizers

The ammonium carbonate market comprises ammonium carbonate
powder that is colorless and water-soluble. It is widely used as agriculture
fertilizers for improving soil health and increasing crop yields. Ammonium
carbonate acts as a nitrogen source for plant growth along with alkalizing
soils to adjust soil pH levels. It also finds applications in the production of
other fertilizer compounds, fire extinguishers, and flue gas desulfurization
processes.

The global
ammonium carbonate market is estimated to be valued at US$ 927.8 Mn in 2024 and
is expected to exhibit a CAGR of 5.2% over the forecast period from 2024 to
2031.



Key Takeaways



The Ammonium
Carbonate Market Companies are Bayer CropScience, Shanghai Mingdou Agrochemical
Co. Ltd, Taixing Dongyu Chemical, Oasis Fine Them, Taixing Experimental
Chemical, Akash Purochem Private Limited, Shanghai Tenglong Agrochemical Co.
Ltd., Monsanto, BASF SE, Yixing Waxing Chemical, P J Chemicals, Syngenta AG,
SinoHarvest Corporation, Vinipul Inorganics India Pvt. Ltd., Nike Chemical,
Foxkem Industries, Mubychem Group, Dhanlaxmi Pigments Pvt. Ltd, CDH Fine
Chemical, and Haihang Industry. The growing demand for nitrogen-rich
fertilizers from the agricultural industry is a major factor driving the growth
of the ammonium carbonate market. The rising global food demand necessitates
increased agricultural yields, which is expected to boost the consumption of
ammonium carbonate. Moreover, expansion of manufacturing facilities by key players
in Asia Pacific and North America is further expected to support the growth of
the market.



Market drivers



The key driver for the
Ammonium Carbonate Market Share is the increasing requirement for
nitrogen-rich fertilizers in the agriculture sector. Ammonium carbonate is an
important source of nitrogen for plants and helps in increasing crop
productivity. The rapidly growing global population has raised global food
demand considerably over the past few decades. This, coupled with decreasing
agricultural lands, necessitates higher crop yields per unit area through the
intensive use of fertilizers. As a result, ammonium carbonate, with its
nitrogen nutrients, witnesses strong demand from the agricultural industry.



Geopolitical Situation and the Ammonium Carbonate Market

The current global geopolitical climate poses several challenges for the
growth of the ammonium carbonate market. Rising geo-political tensions and
trade wars between major economies have disrupted global supply chains for
chemicals. Restrictions on trade of certain chemicals between countries
engaging in trade conflicts can negatively impact the availability and pricing
of ammonium carbonate. Additionally, political instability and conflicts in
several parts of the world have hampered manufacturing and transportation
activities in these regions. This has constrained the production and
distribution operations of ammonium carbonate market players with manufacturing
facilities located in conflict-affected areas. Going forward, companies
operating in the ammonium carbonate market need to closely monitor changes in
trade policies and adopt a flexible supply chain strategy to mitigate risks
from geopolitical issues. They must also explore opportunities to locally
source raw materials or shift production bases to stable geographies to ensure
business continuity.



Geographical Regions of Concentrated
Market Value

In terms of value, the ammonium carbonate market is primarily concentrated
in Asia Pacific and North America. Asia Pacific accounts for approximately
35-40% of the global market value led by countries such as China, India, and
Japan. This is due to large fertilizer manufacturing industries and ample
availability of low-cost raw materials in the region. North America is the
second largest regional market valued at around 25-30% of the global market.
The United States is a major contributor due to large-scale fertilizer and
pharmaceutical production. Europe holds a market share of 15-20% while Latin
America, Middle East & Africa, and rest of the world constitute the
remaining global market value for ammonium carbonate.



Fastest Growing Regional Market

The market for Ammonium Carbonate Market
Brands are witnessing rapid growth in the South East Asian countries. This
region is forecast to emerge as the fastest growing regional market during the
projected period from 2024 to 2031. Countries such as Indonesia, Vietnam,
Thailand, and Malaysia are expected to spearhead the market growth in South
East Asia. This is attributed to expanding agricultural output, rising
fertilizer imports, and increasing domestic production of chemicals and
pharmaceuticals in these nations. Additionally, South East Asian countries are
gaining prominence as manufacturing hubs for multinational corporations. This
is propelling new investments to set up ammonium carbonate manufacturing
facilities in the region. A booming chemical industry and rapidly developing
end-use applications will continue to drive the ammonium carbonate market at a
double-digit CAGR in South East Asia over the next seven years.

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Carbonate Market

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About Author:

Money
Singh is a seasoned
content writer with over four years of experience in the market research
sector. Her expertise spans various industries, including food and beverages,
biotechnology, chemical and materials, defense and aerospace, consumer goods,
etc.

(https://www.linkedin.com/in/money-singh-590844163)