Ammonium Carbonate Price History and Forecast Analysis | Procurement Resource
Ammonium carbonate, an ammonia salt known for its instability, undergoes decomposition into ammonia and carbon dioxide even at mild temperatures. Its widespread use in agriculture revolves around providing ammonia in fertilizers. The production of ammonium carbonate involves a fundamental reaction between ammonia and carbon dioxide, influenced by market dynamics surrounding these compounds.
During the initial two quarters of 2023, global ammonia prices experienced a decline due to weakened demand for fertilizers and reduced consumer interest. This downward trend significantly impacted the trajectory of ammonium carbonate, as procurement from the fertilizer sector decreased notably due to unpredictable weather patterns, including erratic monsoons. The global economic challenges were further compounded by the failure of major US banks, amplifying the strain on buyer purchasing power and contributing to an overall market downturn in the ammonium carbonate sector.
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Definition
Ammonium carbonate is a chemical compound with the formula (NH4)2CO3. It is a white crystalline salt that is highly soluble in water. This compound is known for its instability and tendency to decompose into ammonia, carbon dioxide, and water even at moderate temperatures. It is commonly used in the food industry as a leavening agent and in agriculture as a source of ammonia in fertilizers. Due to its decomposition properties, ammonium carbonate should be handled and stored with care, as it can release ammonia gas and impact its usability.
Key Details About the Ammonium Carbonate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Ammonium Carbonate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ammonium Carbonate Price trends, including India Ammonium Carbonate price, USA Ammonium Carbonate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ammonium Carbonate Price Trend:
Absolutely, ammonium carbonate’s unique properties render it valuable across diverse industrial applications. In the food industry, it acts as a leavening agent in baked goods, generating carbon dioxide gas upon heating, which contributes to a light and airy texture in the final products.
Within agriculture, it serves as a source of ammonia in fertilizers, playing a vital role in fostering plant growth and facilitating nutrient uptake for crops.
In the textile industry, ammonium carbonate is employed as a precipitating agent during dyeing processes, aiding in the fixation of dyes onto fabrics.
Its volatile nature makes it a valuable component in specific chemical reactions and pH adjustments, finding utility in various industrial processes.
Moreover, ammonium carbonate finds application in the production of fire-extinguishing compounds, contributing to fire safety measures, and serves as a chemical reagent in numerous laboratory applications, showcasing its versatility across multiple industries.
Key Players:
- Bayer AG
- Shanghai Mingdou Agrochemical Co Ltd
- Monsanto Company
- Syngenta Group
- SinoHarvest
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