Ammonium carbonate, an ammonia salt prone to instability, breaks down into ammonia and carbon dioxide even at low temperatures. It’s widely utilized in agriculture to supply ammonia in fertilizers. Its creation relies on the interaction between ammonia and carbon dioxide, which is influenced by their market dynamics. During the first half of 2023, global ammonia prices experienced a decline owing to lackluster fertilizer demand and waning consumer interest. This had a direct impact on the trajectory of ammonium carbonate, leading to reduced acquisition by fertilizer producers due to unpredictable weather patterns, notably erratic monsoons. The global economic challenges were compounded by the collapse of major US banks, further dampening the purchasing power of buyers and exacerbating the overall market downturn.
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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:
Ammonium carbonate boasts distinctive traits that render it invaluable across diverse industries. Within the food sector, it functions as a leavening agent, fostering the rise of baked goods by emitting carbon dioxide upon heating, ensuring a delicate texture. In agriculture, it acts as an ammonia source in fertilizers, bolstering plant development and nutrient absorption. Textile manufacturers employ it as a precipitant in dyeing procedures. Its volatility proves advantageous in specific chemical reactions and pH balancing. Moreover, it contributes to crafting fire-extinguishing compounds and serves as a pivotal chemical reagent in myriad laboratory uses.
Key Players:
- Bayer AG
- Shanghai Mingdou Agrochemical Co Ltd
- Monsanto Company
- Syngenta Group
- SinoHarvest
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