The Ammonium carbonate Price Index experienced fluctuations in 2023's first two quarters, as it is an unstable ammonia salt prone to decomposition. This compound is crucial in agriculture for its role in providing ammonia in fertilizers. Its production relies on the basic reaction between ammonia and carbon dioxide, which is influenced by the market dynamics of these key ingredients.
During this period, the global ammonia prices witnessed a decline due to weak fertilizer demand and consumer apathy. This downturn impacted the trend of Ammonium carbonate, resulting in reduced procurement by fertilizer manufacturers. The situation was exacerbated by erratic weather patterns, including unpredictable monsoons, further dampening demand.
Additionally, the global economic challenges were compounded by the collapse of major US banks. This financial turmoil diminished the purchasing potential of buyers, contributing to an overall downturn in the market for Ammonium carbonate.
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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 chart, 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 finds industrial applications due to its unique properties. In the food industry, it acts as a leavening agent in baked goods, releasing carbon dioxide gas during heating to create a light texture. In agriculture, it serves as a source of ammonia in fertilizers, aiding in plant growth and nutrient uptake. In the textile industry, it's used as a precipitating agent in dyeing processes. Its volatile nature makes it valuable in certain chemical reactions and pH adjustments. Additionally, it finds use in the production of fire-extinguishing compounds and as a chemical reagent in various laboratory applications.
Key Players:
- Bayer AG
- Shanghai Mingdou Agrochemical Co Ltd
- Monsanto Company
- Syngenta Group
- SinoHarvest
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