BASF SE, Sumitomo Chemical Co., Ltd., Nissan Chemical Corporation, and Mangalore Chemicals & Fertilizers Limited among others, are the major players in the global ammonium bicarbonate market.
The global ammonium bicarbonate market is supported by the growth of the global ammonia market, which is expected to grow at a CAGR of 4% in the forecast period of 2023-2028. As per the analysis by Expert Market Research, the market is being driven by the extensive end uses of ammonium bicarbonate.
There is a rising demand for ammonium bicarbonate in various end-use sectors, including rubber, pharmaceuticals, and ceramics, among others. It is utilised as an extractant of ampicilin intermediate and vitamin B1 in pharmaceutical applications. The rising demand for ammonium bicarbonate as an expectorant for treating phlegm and cough is augmenting the market.
Ammonium bicarbonate is increasingly utilised to synthesise catalysts and manufacture chrome leather tanning in the leather and rubber sectors. The surging demand for the chemical as a neutralising agent in leather and dyeing applications is further favouring the market development.
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With the robust growth of the bakery sector, the demand for ammonium bicarbonate as a leavening agent in baked goods is significantly growing. The neutral flavour profile of the chemical is also bolstering its use as a substitute for baking powder or soda in bakery applications. As the popularity of low-moisture bakery goods such as cookies and waffles is rising, the utilisation of ammonium bicarbonate is anticipated to grow. Moreover, ammonium bicarbonate offers various benefits, including rapid expansion in the oven, and it is used to promote the formation of acrylamide in baked products.
BASF SE is a prominent chemical company, whose products are used in various end-use sectors, such as automotive, agricultural, and construction, among others. The company aims to develop innovative solutions for driving sustainability. Through its extensive research and development activities, it develops safe, high-performance, and resource-efficient products to expand its portfolio and support various companies to lower their carbon footprint.
Sumitomo Chemicals is a company that offers innovative solutions and products for use in the plastics, energy, health and crop sciences, pharmaceuticals, and chemical sectors. The company’s products are aimed at supporting various sectors while improving the quality of life of people across the globe. Through investments, the company aims to achieve carbon neutrality and develop high-performance materials in the coming years.
|Headquarters:||Texas, United States|
Nissan Chemical Corporation is a prominent chemical fertiliser manufacturer, based in Japan. Its innovative solutions are used in the electronics, automotive, coatings, and oil and gas sectors. The company aims to contribute to global environmental protection and offer high-value products for driving sustainability. Through its research and development activities, the company boosts its business agility and value offerings.
Mangalore Chemicals and Fertilizers Limited is a company that is engaged in the manufacturing of chemical fertilisers. Through its innovative solutions, it aims to drive sustainability and productivity in the agricultural sector. Its products also find wide applications in the pharmaceuticals and ceramic sectors. Its factory, located near Mangalore City, is well-connected and manufactures urea, ammonia, ammonium bicarbonate, sulphuric acid, sulphonated naphthalene formaldehyde, among others.
Also Read@ Global Ammonium Bicarbonate Market to Witness a Healthy Growth During 2021-2026, Driven by the Rising Demand in Various End-Use Industries
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.