In the first half of 2023, the ammonium bicarbonate market faced distinct challenges across different regions. In Asia, poor trading activities and reduced demand from the fertilizer sector hindered price growth, exacerbated by a declining demand from urea and nitrogen industries. Europe experienced negative price trends due to lower natural gas costs, reduced procurement rates from nitrogen derivatives, and disruptions in Russian supplies. In North America, a lack of consumer interest, excess supply, rising Federal reserve rates, and volatile crude oil and natural gas prices collectively contributed to a downward price trajectory. These regional factors had a significant impact on the global ammonium bicarbonate market during this period.
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Ammonium bicarbonate (NH4HCO3) is a white, crystalline compound with several notable properties. It is highly soluble in water and readily decomposes upon heating to release ammonia, carbon dioxide, and water. This compound is widely recognized for its use as a leavening agent in baking, as it liberates carbon dioxide gas when heated, resulting in dough expansion. Ammonium bicarbonate is also valued for its role as a pH regulator, with applications in industries like food, agriculture, and water treatment. It is a versatile chemical, though its use has declined in some applications due to the release of ammonia gas during decomposition, which can be problematic in enclosed spaces.
Key Details About the Ammonium bicarbonate 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 bicarbonate 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.
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Industrial Uses Impacting the Ammonium bicarbonate Price Trend:
Ammonium bicarbonate (NH4HCO3) has diverse industrial applications. It is primarily known as a leavening agent in the food industry, contributing to the rising of dough in baked goods. Furthermore, ammonium bicarbonate is employed in the production of various pharmaceuticals, such as antacids and effervescent tablets. In agriculture, it can serve as a nitrogen source in some fertilizers. The chemical also plays a role in textile and dyeing processes, where it aids in fixing dyes to fabric. Additionally, it finds application in cleaning products, water treatment for pH control, and as a reagent in various chemical reactions, reflecting its versatility and significance across different industrial sectors.
- BASF SE
- Sunitomo Chemicals
- DCW Ltd
- Shandong Weijio Holdings Group Co Ltd
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