Global Ammonium Salts Market – Industry Trends and Forecast to 2030

Global Ammonium Salts Market, By Type (High Purity, Low Purity), Application (Catalyst, Textile and Leather, Agriculture, Plastic Industry, Others) – Industry Trends and Forecast to 2030.

Ammonium Salts Market Analysis and Size

The ammonium salts market is expected to grow with a significant growth rate during the forecast period due to the increase in rice cultivation across the globe. moreover, The upsurge in the usage of the ammonium salts based ingredient in numerous cleansing and personal care products such as conditioner, bath oils, bleach, facial cleanser, shampoo, dishwashing detergent and hair colour among others will enhance the market growth rate, Also, increase in the usage of ammonia in the manufacturing of fabrics, plastics, and pesticides will accelerate the market growth during the forecast period. 

Data Bridge Market Research analyses that the ammonium salts market is expected to reach USD 1918.35 million by 2030, which is USD 1250.00 million in 2022, registering a CAGR of 5.50% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Ammonium Salts Market Scope and Segmentation

Market Definition

Ammonium salts are an ionic compounds with the chemical formula of (R) 4N+A-, where A is an anion and R is hydrogen, aryl or alkyl groups. When R is aryl or alkyl, they are referred to as quaternary ammonium salts. The quaternary ammonium are cations which are permanently charged, and independent of the pH of their solution. Ammonium cation is found in a many salts such as ammonium chloride, ammonium carbonate and ammonium nitrate.

Ammonium Salts Market Dynamics

Drivers

• Increasing demand of ammonium salts in fertilizers

Around 50% of the world’s food production mainly depends on the mineral fertilizer application. As a result of changing diet and increasing world population to more meat, fertilizer consumption is continuously growing. One of the major component of fertilizer is the ammonia based compound such as ammonium salts. The ammonia which is present in the ammonium salts binds air borne nitrogen and makes the most significant crop nutrient such as nitrogen. This nitrogen is mainly available for the nitrogen fertilizer production. As a significant base material for fertilizers, ammonium salts or ammonia literally helps to put our food on the table.

• Growing demand for ammonium chloride

The usage of ammonium chloride as a feed supplement for cattle is boosting the market growth. Moreover, the ammonium chloride is widely used in the food industry which is also boosting the growth of the market. The yeast nutrient mainly used in bread making is made up of ammonium chloride and is also used as food additives in the food industry. Apart from food industry and fertilizers, it also finds its usages in cleaning products, facial cleanser, personal care, bath oils, shampoo, bleach, dishwashing detergent and others. Thus, the growing demand of ammonium chloride is eventually drive the market growth rate during the forecast period of 20323 to 2030.

Opportunities

• Growing funds from government organisation

Governments are focusing to improve the agricultural industry by their investments, therefore it will also contribute to the demand for ammonium salts and create immense opportunities for the growth of the market during the forecast period. The urea is the major fertilizer component, synthesis from ammonium salt. For instance, the Indian government has declared that the urea industries are older than 30 years but still manufacturing urea which will get around $6.77 additional fixed price. The government has also declared that approx. 30 urea industries will get fixed expenses at a rate of $4.74 per metric tonne. However, India imports at least 50 lakh tonnes of urea every year. The main goal of Indian government initiative is to increase urea's domestic manufacture. Thus, such initiatives in numerous countries are projected to promote the agricultural industry.

Restraints/ Challenges

• Issues associated with usage of ammonium salts

Strong presence of strict rules and regulations in the healthcare sector and concerns regarding the exposure of high level of ammonia are expected to hinder the growth of the market. The corrosion resulted by the reaction of ammonia with water producing low nitrogen content and ammonium hydroxide as compared to ammonium nitrate or urea which are projected to challenge the growth of the ammonium salts market during the forecast period of 2023-2029.

This ammonium salts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ammonium salts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Ammonium Salts Market Scope

The ammonium salts market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• High Purity
• Low Purity

 Application

• Catalyst
• Textile and Leather
• Agriculture
• Plastic Industry
• Others

Ammonium Salts Market Regional Analysis/Insights

The ammonium salts market is analyzed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the ammonium salts market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the ammonium salts in terms of revenue growth and market share because of growth and expansion of the agricultural sector within the region.

Europe in anticipated to be the fastest growing region in ammonium salts market during the forecast period of 2023-2030 owing to the strong presence of  agro-based economies in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ammonium Salts Market Share Analysis

The ammonium salts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ammonium salts market.

Some of the major players operating in the ammonium salts market are:

• BASF SE (Germany)
• Evonik Industries AG (Germany)
• Arkema (France)
• Clariant AG (Switzerland)
• KLK OLEO. (Malaysia)
• Nouryon (Netherlands)
• Kohinoor Group of Industries (India)
• Cayman Chemical (U.S.)
• Penta Bioscience Products (India)
• Zaclon LLC (U.S.)
• Alfa Aesar (U.S.)
• Merck KGaA (Germany)
• TCI Chemicals (India) Pvt. Ltd. (India)
• Nikita Transphase Adducts Private Limited. (India)
• Chemcon Speciality Chemicals Ltd. (India)
• Rishi Chemical (India)