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Ammonium Bicarbonate Market Segmented By Agriculture Grade, Food Grade, Technical Grade with application such as Solvent, Raising agent, Nitrogen Fertilizer, Others
Ammonium Bicarbonate is a type of inorganic chemical compound with formula HCO3. Ammonium bicarbonate is a colorless crystalline bicarbonate salt of the ammonium ion. Ammonium bicarbonate degrades readily in the presence of water, ammonia, and carbon dioxide.
It is used as a source of the carbon dioxide in some low-moisture baked goods. Ammonium bicarbonate is synthesized by combining ammonia and carbon dioxide. It is thermally unstable, for such property the reaction solution of the ammonium bicarbonate is kept cold.
Ammonium bicarbonate is used as a raising agent in the food industry for baked goods such as crackers and cookies. Ammonium bicarbonate is also known as baking powder in the food industry. However, ammonium bicarbonate cannot be used for moist and bulky baked goods.
Furthermore, ammonium bicarbonate can be used as a nitrogen fertilizer in the agriculture industry to improve the crop yield and production in the limited cultivable areas. Besides, ammonium bicarbonate can be used as a constituent in the formulation of fire-extinguisher compounds, pharmaceutical among others
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Market Drivers:
Intensifying growth of food industry coupled with the growing population
Penetration across various end-use industries
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Nowadays, growing demand for healthy food is predominantly driving the global food industry. Demand for packaged and ready to eat food products across the developed as well emerging regions also play a vital role in the growth of the food industry across the globe. Urbanization growth is also one of the leading driving factors for the food industry.
From the regional perspective, ammonium bicarbonate in the Asia Pacific is estimated to account for prominent share and expected to register significant growth during the forecast period. Increasing food demand coupled with increasing population is one of the critical driving factors for the ammonium bicarbonate market in the Asia Pacific region in the coming years.
Sustainable or eco-friendly nature of the Ammonium bicarbonate can be attributing towards ammonium bicarbonate market growth in Europe. North America is projected to witness significant growth in the global ammonium bicarbonate market during the forecast period, owing to intensifying demand for packaged food and well-established pharmaceutical industry across the region.
Moreover, food and rubber & leather Industries in the Middle East and Africa and Latin America have registered significant growth in the recent past. Such factors are expected to increase the demand for ammonium bicarbonate in these regions in the near future.
Some of the key market participants involved in the Ammonium Bicarbonate market are as follows:
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It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and geographies.
