naufancmi
The ammonium carbonate market deals with a diverse range of
products that are extensively used as soil fertilizers to enhance agricultural
yields. Ammonium carbonate functions both as a nitrogen fertilizer as well as a
carbonate acid neutralizing agent. Its unique blend of ammonium and carbonate
ions allows for better nutrient supply to crops, stimulating their growth.
Ammonium carbonate is available in powdered or granulated form and contains
nitrogen (21%) and carbon (27%) in appropriate proportions required by plants.
When applied to agricultural fields, it releases carbon dioxide and ammonium
ions that boost plant metabolism. Besides nitrogen and carbon supplementation,
ammonium carbonate also raises the pH of acidic soils, making them more
alkaline. It balances soil acidity and improves nutrient availability for
higher crop productivity.
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 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
high-yielding crops to meet the needs of the rising global population is
propelling the adoption of ammonium carbonate as fertilizer. Leading
manufacturers are focusing on developing eco-friendly ammonium carbonate
products through novel chemical synthesis processes to suit precision
agriculture practices. Technological advances in formulation and application
methods have made ammonium carbonate more effective and efficient as
fertilizer.
Market Trends
Two major trends are expected to shape the Ammonium
Carbonate Market Demand in the coming years. Firstly, the shift from
inorganic to organic fertilizers to ensure long-term soil and environmental
sustainability augments market opportunities. Ammonium carbonate qualifies as
an organic fertilizer owing to its carbon content. Secondly, the synergistic
combination of ammonium carbonate with other fertilizers like urea and NPK
supplies balanced nutrition and helps optimize crop yields. Blending ammonium
carbonate elevates its agronomic value proposition.
Market Opportunities
Two prominent opportunities will fuel ammonium carbonate market expansion. One,
demand from large-scale commercial farming and contract farming is rising
globally with intensive agricultural practices. Ammonium carbonate supports
high-density planting and multiple cropping cycles. Two, agricultural
biotechnology companies are leveraging ammonium carbonate’s nutritional
advantages through genetic modifications to engineer higher-yielding,
nitrogen-responsive crop varieties. This will create stable volume market for
ammonium carbonate.
Impact of COVID-19 on Ammonium Carbonate
Market
The COVID-19 pandemic had a significant impact on the ammonium carbonate
market. During the initial phase of the pandemic when lockdowns were imposed
worldwide, the demand and supply chain of ammonium carbonate was disrupted.
With restrictions on travel and transportation, movement of raw materials and
finished goods was limited. This led to a decline in production volumes as well
as consumption of ammonium carbonate.
However, as the pandemic progressed, the market started recovering gradually.
As economic activities resumed with lifting of lockdowns, demand from end use
industries such as food processing, pharmaceuticals and agriculture improved.
There was an increased demand for ammonium carbonate from manufacturers of
cleaning products and disinfectants during the pandemic. Its application as a
leavening agent and flavoring substance also boosted its consumption in the
food industry. Meanwhile, production was scaled up with implementation of
safety protocols to meet the growing needs.
Going forward, the agricultural sector is expected to drive the ammonium
carbonate market. It is widely employed as a nitrogen fertilizer for crops.
Amid concerns of food security due to the pandemic, focus on agricultural
outputs is increasing globally. This will support the utilization of ammonium
carbonate in fertilizers. Strategic measures to enhance supply chain resilience
through local sourcing and inventory management will also help the market
maintain steady growth in the post-COVID period.
In terms of value, Asia Pacific accounts for the largest share in the global
ammonium carbonate market. Being a major agricultural producer and consumer
economy, India and China are leading consumers of nitrogen fertilizers
containing ammonium carbonate. North America is another major regional market
fueled by its large agricultural and pharmaceutical industries that utilize
ammonium carbonate. Meanwhile, Europe’s developed markets also contribute
significantly to overall ammonium carbonate demand.
Among regions, Middle East and Africa is expected to witness fastest growth in
the Ammonium Carbonate Market Brands
during the forecast period. Agricultural modernization programs underway in
countries such as Egypt, Saudi Arabia and South Africa aim to boost fertilizer
adoption. This will drive the market for ammonium carbonate as nitrogen
fertilizers in these developing economies. Meanwhile, healthcare investments
also point to increased future demand from the Middle Eastern and African
pharmaceutical sector.
Get more insights on Ammonium
Carbonate Market
Unlock
More Insights—Explore the Report in the Language You Prefer
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)
This post was created with our nice and easy submission form. Create your post!
