Ammonium carbonate, an unstable salt of ammonia, breaks down into ammonia and carbon dioxide even at low temperatures. It’s extensively used in agriculture to supply ammonia in fertilizers. Its production relies on the interplay between the ammonia and carbon dioxide markets. During the first half of 2023, global ammonia prices dropped due to sluggish demand for fertilizers and waning consumer interest. This affected the trajectory of ammonium carbonate, leading to decreased procurement by fertilizer manufacturers due to unpredictable weather patterns, including erratic monsoons. The global economic strain worsened with the collapse of major US banks, further reducing buyers’ purchasing power and contributing to the overall 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’s distinct characteristics make it a versatile component in various industries. In baking, it acts as a leavening agent, producing carbon dioxide to give baked goods their airy texture. Its role extends to agriculture, where it provides ammonia for fertilizers, supporting plant growth and nutrient absorption. In textiles, it functions as a crucial agent in dyeing processes. Its volatility proves beneficial in specific chemical reactions and pH balancing. Moreover, it plays a role in crafting fire-extinguishing compounds and serves as a vital chemical reagent in laboratory settings.
Key Players:
- Bayer AG
- Shanghai Mingdou Agrochemical Co Ltd
- Monsanto Company
- Syngenta Group
- SinoHarvest
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