Global Ammonium Chloride Market 2024-2028
Global Ammonium Chloride Market 2024-2028
The ammonium chloride market is forecasted to grow by USD 391.2 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the ammonium chloride market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for ammonium chloride in fertilizer industry, increasing demand for ammonium chloride from APAC, and diversified applications of ammonium chloride.
Technavio's ammonium chloride market is segmented as below:
- By Application
- Fertilizers
- Medical
- Others
- By Type
- Agricultural grade
- Industrial grade
- Food grade
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing demand for ammonium chloride in chemical-etching process as one of the prime reasons driving the ammonium chloride market growth during the next few years. Also, growing use of ammonium chloride in cough medicines and food products and adoption of precision farming will lead to sizable demand in the market.
The report on the ammonium chloride market covers the following areas:
- Ammonium chloride market sizing
- Ammonium chloride market forecast
- Ammonium chloride market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ammonium chloride market vendors that include Apollo Fertilizer, Arkema Group., BASF SE, Central Glass Co. Ltd., Chemcon Speciality Chemicals Ltd., China National Chemical Engineering Co. Ltd., FUJI KASEI Co. Ltd., GFS Chemicals Inc., HELM AG, Honeywell International Inc., Jiangsu Debang Chemical Industry Group Co. Ltd, Jiangsu Huachang Chemical Co. Ltd., Merck KGaA, Nanoshel LLC, ProChem Inc., Star Grace Mining Co. Ltd., The Dallas Group of America Inc., Tinco Industries, Tuticorin Alkali Chemicals and Fertilizers Ltd, and Zaclon LLC. Also, the ammonium chloride market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.