The Worldwide Market for Ammonium Carbonate to 2023 – Led by Avantor, BASF, Honeywell International, Sandvik, and Taixing Dongyu Chemical – ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Ammonium Carbonate Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The analysts have predicted that the ammonium carbonate market will register a CAGR of almost 6% by 2023.
Increase in R&D activities to drive market growth
The increase in investments and technological advances in the ammonia industry are expected to drive the demand for ammonium carbonate. 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.
Increasing demand of ammonium carbonate from developing countries
The global ammonium carbonate market is posting a high growth rate because of the increased demand from developing economies such as China, India, Brazil, Indonesia, Thailand, Egypt, and South Africa. The rising demand for readymade bakery products such as bread, pizzas, cakes, and pastries in these developing economies, wherein ammonium carbonate is majorly used as a baking ingredient (leavening agent), is a key driving factor for the growth of the market.
Threat of substitutes
The use of baking powder and baking soda as a raising agent in bakery products is expected to impede the growth of the global ammonium carbonate market.
Key Players
- Avantor
- BASF
- Honeywell International
- Sandvik
- Taixing Dongyu Chemical
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Pharmaceutical and chemical - Market size and forecast 2018-2023
- Food and beverages - Market size and forecast 2018-2023
- Foaming agent - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Backward integration of ammonium carbonate vendors
- Increase in R&D activities
- Demand for ammonium carbonate in paint stripper applications
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Avantor
- BASF
- Honeywell International
- Sandvik
- Taixing Dongyu Chemical
For more information about this report visit https://www.researchandmarkets.com/research/wdng3b/the_worldwide?w=4
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Topics: Agrochemicals
and Fertilizers