Global Ammonium Salts Market is set to witness a stable CAGR in the forecast period of 2019-2026
Ammonium Salts Market By Type (High Purity, Low Purity), Application (Catalyst, Textile and Leather, Agriculture, Plastic Industry, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Global ammonium salts market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising applications of ammonium salt and increasing usage of ammonium in agriculture are the factor for the growth of this market.
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Market Definition: Global Ammonium Salts Market
Ammonium is an ion which is obtained from ammonia by combination with hydrogen ion and with the compounds which have similar properties of the alkali metals. In simple words they are composed by nitrogen and hydrogen atoms. They are colorless and pungent gas. Some of the common ammonium salts are ammonium sulfate, ammonium nitrate, ammonium phosphates and others. They are mainly of two types’ high purity and low purity and used in different applications such as catalyst, agriculture, plastic industry and others.
Market Drivers:
- Rising usage of ammonium sulfate in fertilizers will drive the market growth
- Usage of ammonium in various household cleaning products will also accelerate the market growth
- Increasing usage of ammonia in the manufacturing of plastics, fabrics, pesticides and others are another factor contributing in the growth of this market
- Rising usage of solid ammonium sulphate in leather products will also enhance the market growth
Market Restraints:
- Exposure of high level of ammonia can cause irritation to person’s skin, eyes and throats; this factor can restrain market growth
- Ammonia when reacts with water in body can produce ammonium hydroxide which is highly corrosive and can damage the cells in the body; this factor can also hamper the growth of this market
Segmentation: Global Ammonium Salts Market
By Type
- High Purity
- Low Purity
By Application
- Catalyst
- Textile and Leather
- Agriculture
- Plastic Industry
- Others
By Geography
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- K.
- Belgium
- Spain
- Russia
- Turkey
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Egypt
- South Africa
- Israel
- Rest of Middle East and Africa
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Key Developments in the Market:
In August 2013, SACHEM announced the launch of their new SACHEM N416 which is a high purity, quaternary ammonium salt which is specially designed for electronic materials, polymers and specialty market. They can easily be used on polymers such as silicon, acrylics, polyesters, silicon and polyurethanes. The main aim of the launch is to develop unique catalyst so that they can provide high purity and good performance
Competitive Analysis:
Global ammonium salts market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ammonium salts market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global ammonium salts market are JAPAN NEW METALS CO., LTD, Rishi Chemical., TATVA CHINTAN PHARMA CHEM PVT. LTD., Fertinagro India Pvt. Ltd, Chemcon Speciality Chemicals Private Limited., Eltee Fertilizers, Yash Chemicals., JAINSON CHEMICALS, NIKITA TRANSPHASE ADDUCTS PVT. LTD., Merck KGaA, Chemaux Enterprises, Tokyo Chemical Industry Co., Ltd., Alfa Aesar, Thermo Fisher Scientific; Zaclon LLC, Penta Bioscience Products., Arkema, Cayman Chemical, AGI Industries., Kemcolour International, and others.
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Research Methodology: Global Ammonium Salts Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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