Ammonium carbonate, an ammonia salt prone to instability, breaks down into ammonia and carbon dioxide even under moderate temperatures. It’s commonly used in agriculture to supply ammonia in fertilizers. Its creation involves combining ammonia and carbon dioxide, a process affected by their market dynamics. In the first half of 2023, ammonia prices dropped worldwide due to low demand for fertilizers and a lack of interest from consumers. This decline affected the trajectory of ammonium carbonate, leading to decreased acquisition by fertilizer producers due to unpredictable weather patterns, notably disrupted by monsoons. The global economic challenges were worsened by the collapse of major US banks, further reducing the purchasing power of buyers and contributing to a general market decline.
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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 properties that render it indispensable across various industries. Within the realm of food production, it functions as a leavening agent, fostering a light texture in baked goods by emitting carbon dioxide when subjected to heat. In agriculture, it serves as an ammonia source in fertilizers, bolstering plant growth and facilitating nutrient absorption. Its role extends to the textile industry, where it acts as a crucial precipitant in dyeing procedures. Due to its volatile characteristics, it holds significance in specific chemical reactions and pH adjustments. Moreover, it plays a pivotal role in crafting fire-extinguishing compounds and serves as a fundamental chemical reagent in diverse laboratory settings.
Key Players:
- Bayer AG
- Shanghai Mingdou Agrochemical Co Ltd
- Monsanto Company
- Syngenta Group
- SinoHarvest
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