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Global Ammonium Bicarbonate Market 2020 (Includes Business Impact of COVID-19)

  • TBI112499
  • April 29, 2020
  • Global
  • 149 pages
  • Market.US
                                              “Global Ammonium Bicarbonate Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global ammonium bicarbonate market report has been segmented on the basis of type, end-use industry, and region.

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Global Ammonium Bicarbonate Market: Introduction 

Ammonium bicarbonate is a colorless solid and inorganic compound with formula NH5CO3. Ammonium bicarbonate is bicarbonate salt of ammonium. It is used in food industry as a raising agent for baked goods such as crackers and cookies, and in fire-extinguishing compositions.

Global Ammonium Bicarbonate Market: Dynamics 

Rising demand for ammonium bicarbonate as a raising agent in the baking application is estimated to drive the growth of the potential market. Growing demand for agricultural grade ammonium bicarbonate as a low-cost nitrogen fertilizer in China is anticipated to support the growth of the target market over the next few years. In addition, increasing demand for ammonium bicarbonate in fire-extinguishing, dyes and pigments, pharmaceuticals, and other applications, which in turn anticipated to support the growth of the ammonium bicarbonate market.

However, the availability of substitutes is a major factor anticipated to restrain the growth of the potential market.

Global Ammonium Bicarbonate Market: Type Analysis

Among the type segments, the agricultural grade segment is estimated to dominate the global market. Increasing demand for fertilizers to improve productivity is anticipated to support the growth of the segment over the long run. Food grade ammonium bicarbonate segment is anticipated to grow steadily over the next few years. Rising demand for ammonium bicarbonate in the food industry as a raising agent is projected to support the growth of the potential market.

Global Ammonium Bicarbonate Market: End-use Industry Analysis

Among the end-use industry segments, the agriculture segment is projected to register higher growth rate over the next few years. Increasing demand for ammonium bicarbonate in agricultural applications as fertilizers is anticipated to augment the growth of the segment over the long run. The food segment is anticipated to grow moderately over the next few years. It is a common leaving agent such as baking powder and baking soda used in the baking industry.

Global Ammonium Bicarbonate Market: Regional Analysis

Asia Pacific ammonium bicarbonate market is estimated to dominate the target market over the long run. Rising demand for agricultural grade ammonium bicarbonate in countries in the region is projected to augment the growth of the potential market in the Asia Pacific over a few years. China is the largest manufacturer and consumer of ammonium bicarbonate. In addition, the growing food industry in countries such as India, China, Indonesia, and others is projected to drive the growth of the Asia Pacific ammonium bicarbonate market.

The Asia Pacific is anticipated to be the largest consumer of ammonium bicarbonate followed by the Europe market. The Europe ammonium bicarbonate market is projected to register moderate growth over the next few years. In addition, rising demand for agricultural grade ammonium bicarbonate is projected to support the growth of Europe ammonium bicarbonate market.

Global Ammonium Bicarbonate Market Segmentation:

Segmentation by Type:

Agriculture Grade
Food Grade
Technical Grade

Segmentation by End-use Industry:

Food
Agriculture
Rubber and Leather Industry
Others
 

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Ammonium Bicarbonate Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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