Ammonium carbonate

Global Ammonium Carbonate Market 2019-2023 | 6% CAGR Projection Over the Next Five Years | Technavio

Retrieved on: 
Friday, November 8, 2019
Chemicals, Plastics, Manufacturing, Carbonates, Paint, Market research, Ammonium carbonate, Ammonium

The global ammonium carbonate market size is expected to post a CAGR of close to 6% during the period 2019-2023, according to the latest market research report by Technavio.

Key Points: 
  • The global ammonium carbonate market size is expected to post a CAGR of close to 6% during the period 2019-2023, according to the latest market research report by Technavio.
  • View the full release here: https://www.businesswire.com/news/home/20191107005679/en/
    Technavio has announced its latest market research report titled global ammonium carbonate market 2019-2023.
  • (Graphic: Business Wire)
    The growth of the pharmaceutical industry is one of the major reasons for the ammonium carbonate market growth.
  • Thus, the growth in the paints and coatings market and increasing demand for ammonium carbonate in paint stripper applications will drive the growth of the ammonium carbonate market during the forecast period.

The Worldwide Market for Ammonium Carbonate to 2023 - Led by Avantor, BASF, Honeywell International, Sandvik, and Taixing Dongyu Chemical - ResearchAndMarkets.com

Retrieved on: 
Tuesday, January 29, 2019
Manufacturing, Chemicals, Plastics, Chemistry, Chemical substances, Chemical elements, Household chemicals, Carbonates, Sodium compounds, Leavening agents, Bicarbonates, Ammonium carbonate, Ammonium, Ammonia, Sodium bicarbonate

The analysts have predicted that the ammonium carbonate market will register a CAGR of almost 6% by 2023.

Key Points: 
  • The analysts have predicted that the ammonium carbonate market will register a CAGR of almost 6% by 2023.
  • The increase in investments and technological advances in the ammonia industry are expected to drive the demand for ammonium carbonate.
  • Such advanced technologies are expected to lower the production cost of ammonia, thereby driving the demand for ammonium carbonate.
  • The use of baking powder and baking soda as a raising agent in bakery products is expected to impede the growth of the global ammonium carbonate market.