Global Ammonium Bicarbonate Market Report and Forecast 2023-2028

Global Ammonium Bicarbonate Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global ammonium bicarbonate market is being aided by the growth of the global ammonia industry, which reached a volume of 214.16 million metric tons in 2022. Aided by its widespread use in food processing, as well as its applications in the agricultural and textile industries, the ammonia industry is projected to further grow at a CAGR of 4% between 2023 and 2028.

Ammonium bicarbonate is an inorganic compound, commonly used as a raising agent in the baking industry. It is a salt composed of ammonia and bicarbonate ions, with the formula NH4HCO3. Apart from its role in food processing, it is also used as a nitrogen fertiliser in agriculture, and as a buffering agent in the textile industry.

One of the primary factors driving the ammonium bicarbonate market growth is its ubiquity in the food and beverage industry, particularly in baked goods. The compound serves as a leavening agent in the production of flat and alkaline food items like crackers and cookies. With a global trend towards convenience foods and packaged snacks, the demand for ammonium bicarbonate has been escalating.

In agriculture, ammonium bicarbonate acts as an essential component in nitrogenous fertilisers. The need for high crop yields to meet the food requirements of a burgeoning global population has led to increased demand for effective fertilisers, thus boosting the ammonium bicarbonate market demand. The compound’s cost-effectiveness and efficacy in soil enrichment contribute to its growing adoption in agricultural practices.

The compound also finds utility in the textile industry, where it is used as a buffering agent during the dyeing process, owing to its alkaline properties. The resurgent textile industry, stimulated by trends like fast fashion and sustainable materials, further increases the value of ammonium bicarbonate market size. Furthermore, increased investments in research and development for developing eco-friendly and health-conscious variations of ammonium bicarbonate also leads to market expansion.

Another opportunity for growth lies in emerging markets. Developing economies in Asia, Africa, and Latin America are experiencing increased industrial activities for development and improved agricultural practices to enhance the production quality of crops. As per the ammonium bicarbonate market analysis, the resulting demand for chemicals and fertilisers provides a lucrative opportunity for the expansion of the market in these regions.

Market Segmentation

The market can be divided based on grade, end use, and region.

Market Breakup by Grade

• Food Grade
• Technical Grade
• Agriculture Grade

Market Breakup by End Use

• Agricultural
• Ceramic
• Food and Beverage
• Pharmaceutical
• Rubber and Leather
• Textile
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ammonium bicarbonate market. Some of the major players explored in the report by Expert Market Research are as follows:

• BASF SE
• Sumitomo Chemical Co., Ltd.
• Nissan Chemical Corporation
• Mangalore Chemicals & Fertilizers Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.