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INTRODUCTION
The inorganic chemical compound ammonium bicarbonate has the formula HCO3. It is used in many industries. It is colourless, crystalline bicarbonate sodium of the ammonium-ion. It is easily degraded by water, ammonia, or carbon dioxide. This product is mainly used in the foodstuff industry as a raiser or leavening agent. In the foodstuff industry, this product can also be called baking powder. This chemical compound is used to provide carbon for low-moisture baking products. It is generally produced by a chemical process where carbon dioxide is coursed through a stream of aqua ammonia—the reaction mentioned above results in a thermally unstable product kept in a cold atmosphere. The powdered baking ammonia is not suitable for manufacturing fat-baked foods. The versatile uses of this inorganic compound have let the emerging players with lucrative opportunities and untapped fresh avenues.
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MARKET OVERVIEW
Ammonium bicarbonate is a popular baking ingredient due to its high quality. Based on:
Grade:
· Grade Agricultural
· Technical grade
· Food grade
Applications
· Nitrogen fertilizers
· Agent raising
· Solvent
· Other
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End-use
· Food industry
· Agricultural industry
· Pharmacy industry
· Textile industry
· Ceramic industry
· Reagent for leather and rubber
· Other
Regions
· Asia Pacific
· North America
· Latin America
· Europe
· The Middle East and Africa
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MARKET GROWTH
Global ammonium bicarbonate markets reached 197 metric tonnes in 2019. According to reports it is predicted that ammonium bicarbonate will grow at a strong CAGR of 4% in between 2020 to 2027. The market's growth will be boosted by diversifying the applications of ammonium carbonate in different industries. Tight restrictions and policies concerning the usage of ammonium bicarbonate and its products pose a serious threat to market growth.
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However, the upcoming alternatives are manufactured keeping this in mind, and thus, they are estimated not to cause health issues further. Therefore, they can impede the growth of this market. This is a component that is very common to use in the production area. Because of that, it is expected that the market growth of ammonium bicarbonate will rise at a rapid rate. In the corona period, its demands also increase, and reports say that in the future, it will increase more.
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MARKET TRENDS
· The rising demand for ammonium bicarbonate due to an increasing global population is one of the main drivers of market growth.
· Customers are more inclined to eat baked goods like cookies and crackers due to rising disposable income.
· Increasing urbanization and modernization have led to an increase in construction. Market growth has been driven by the rapid increase in use of ammonium bicarbonate for ceramic manufacturing.
· The growing demand for pigments and dyes in multiple industries also plays a massive role in spurring the market's growth.
· The rising existence of chronic diseases has led to increasing health care initiatives which is a significant boost to the pharmaceutical industry. It has additional led to the inspiration of the enlargement of the ammonium bicarbonate manufacturing.
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CONCLUSION
This project report by Niir Project Consultancy Services (NPCS) focuses on ammonium bicarbonate production. It highlights the following points:
· A basic idea regarding the market.
· The market overview.
· The overall growth in the market.
· The trends are influencing the market.
This industrial report has been made after studying and research in-depth. It is verified by experts and professionals and is completely reliable. No matter if you are a supplier, investor, or manufacturer, you can easily trust this report and seek the benefits from studying it.
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