Ammonium carbonate, an unstable ammonia salt, breaks down into ammonia and carbon dioxide even in mild temperatures. It’s extensively used in agriculture to provide ammonia in fertilizers. Its production relies on the interplay between ammonia and carbon dioxide, which is influenced by market dynamics. During the first half of 2023, global ammonia prices dropped due to low demand for fertilizers and reduced consumer interest. This decline affected the trend of ammonium carbonate, leading to decreased procurement by fertilizer manufacturers, partly due to unpredictable weather patterns like erratic monsoons. The global economic challenges were compounded by the collapse of major US banks, further limiting 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 is prized for its distinctive attributes across multiple industries. Within the food sector, it functions as a leavening agent, fostering the release of carbon dioxide while baking, resulting in a pleasantly airy texture. Its role extends to agriculture, serving as an ammonia source in fertilizers, bolstering plant development and nutrient absorption. In textile manufacturing, it plays a pivotal role as a precipitant in dyeing procedures. Its volatility renders it invaluable in specific chemical reactions and pH balancing. Moreover, it contributes to the creation of fire-extinguishing compounds and serves as a versatile chemical reagent in diverse laboratory settings.
Key Players:
- Bayer AG
- Shanghai Mingdou Agrochemical Co Ltd
- Monsanto Company
- Syngenta Group
- SinoHarvest
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