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The market for ammonium bicarbonate is driven by the rising penetration of ammonium bicarbonate across various end-use industries. The product is used while manufacturing pigments, ceramics, dyes, and pharmaceuticals, among others. It finds extensive application in the rubber and leather industry to produce chrome leather tanning, manufacture ceramics, and synthesise catalysts. Thus, the sustainable growth in these industries is expected to boost the demand for ammonium bicarbonate across the world over the forecast period.
The market is aided by the growing competition among the key industry players like BASF SE (ETR: BAS) and Sumitomo Chemical Co., Ltd. BASF SE (OTCMKTS: BASFY) offers ammonium bicarbonate food grade, which is essentially used while baking cookies and biscuits. The rising demand for these bakery products is accelerating due to increasing per capita income, rapid urbanisation, and changing eating habits. People in the developing economies are receptive to western sweets and dishes, such as cookies, cakes, and biscuits. These factors are expected to fuel the market growth of ammonium bicarbonate in the forecast period.
Market Analysis by Grade, End Use, and Region:
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BASF SE, Sumitomo Chemical Co., Ltd., Nissan Chemical Corporation, and Mangalore Chemicals & Fertilizers Limited, among others, are the key players in the global ammonium bicarbonate market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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