Ammonium carbonate, an unstable ammonia salt, decomposes into ammonia and carbon dioxide even at mild temperatures. It's widely used in agriculture for ammonia provision in fertilizers. Its production involves a basic reaction of ammonia and carbon dioxide, influenced by their market dynamics. In 2023's initial two quarters, ammonia prices fell globally due to weak fertilizer demand and consumer disinterest. This impacted ammonium carbonate's trend, with reduced procurement from fertilizers due to erratic weather, including monsoons. Global economic struggles were exacerbated by the failure of major US banks, further diminishing buyer purchasing potential and contributing to 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 analysis, 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 finds industrial applications due to its unique properties. In the food industry, it acts as a leavening agent in baked goods, releasing carbon dioxide gas during heating to create a light texture. In agriculture, it serves as a source of ammonia in fertilizers, aiding in plant growth and nutrient uptake. In the textile industry, it's used as a precipitating agent in dyeing processes. Its volatile nature makes it valuable in certain chemical reactions and pH adjustments. Additionally, it finds use in the production of fire-extinguishing compounds and as a chemical reagent in various laboratory applications.
Key Players:
- Bayer AG
- Shanghai Mingdou Agrochemical Co Ltd
- Monsanto Company
- Syngenta Group
- SinoHarvest
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