Scope of the Study
The sustainable or eco-friendly nature of the Ammonium bicarbonate can be attributed to ammonium bicarbonate market growth in the world. Ammonium Bicarbonate is a type of inorganic chemical compound with formula HCO3. Ammonium bicarbonate is a colorless crystalline bicarbonate salt of the ammonium ion. Ammonium bicarbonate degrades readily in the presence of water, ammonia, and carbon dioxide. It is used as a source of the carbon dioxide in some low-moisture baked goods. Ammonium bicarbonate is synthesized by combining ammonia and carbon dioxide. It is thermally unstable, for such property the reaction solution of the ammonium bicarbonate is kept cold. North America is projected to witness significant growth in the global ammonium bicarbonate market during the forecast period, owing to intensifying demand for packaged food and well-established pharmaceutical industry across the region. Moreover, food and rubber & leather Industries in the Middle East and Africa, and Latin America have registered significant growth in the recent past. Such factors are expected to increase the demand for ammonium bicarbonate in these regions in the near future.
The market study is being classified by Type (Agriculture Grade, Food Grade and Technical Grade), by Application (Solvent, Raising agent, Nitrogen Fertilizer and Others) and major geographies with country level break-up.
BASF SE (Germany), ADDCON NORDIC A/S (Germany), Sumitomo Chemical Co. Ltd. (Japan), Shandong Hualu-Hengsheng Chemical Co., Ltd (China), Mangalore Chemicals & Fertilizers Limited (India), Xinji JiuYuan Chemical Industry Co., Ltd. (China), Shandong Shuntian Chemical Group (China), Anhui Haoyuan Chemical Group Co., Ltd. (China), Shandong Weijiao Holdings Group Co., Ltd. (China), Clariant Ag (Switzerland) and DCW Ltd. (India) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Ammonium Bicarbonate market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Ammonium Bicarbonate market by Type, Application and Region.
On the basis of geography, the market of Ammonium Bicarbonate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Population have Positive Impact on Ammonium Bicarbonate market
- Increasing Demand due to Use in Nitrogen Fertilizer
- Increasing Demand from Various End-User Industries
- Growing Adoption of Agriculture Grade Ammonium Bicarbonate
- Strict regulation and standards about the use of chemicals in the food industry
- Growing Food Industry across the Developing and Developed Countries
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase