Ammonium Bicarbonate Market Report 2024 (Global Edition)

Global Ammonium Bicarbonate Market Report 2024 Market Size Split by Grade Outlook: (Agriculture Grade, Food Grade, Technical Grade), by Application Outlook: (Solvent, Raising agent, Nitrogen Fertilize...

Ammonium Bicarbonate Market Report Description

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Ammonium Bicarbonate Market Insights Video

Competitive Landscape of the Ammonium Bicarbonate Market

The market for ammonium bicarbonate is very competitive to satisfy increasing agricultural demand; major producers concentrate on streamlining manufacturing techniques, raising product quality, and widening distribution channels. Additionally, to appeal to consumers who care about the environment, businesses are also investigating Developments in ecologically friendly fertilizers. Moreover, key strategies for acquiring a competitive edge are strategic cooperation, acquisitions, and R&D investment. Demand rises indicate that the market is likely to expand even more.

In October 2024, Haoyuan Company was recognized as the “2023 Energy Efficiency Leading Benchmark Enterprise (Synthetic Ammonia Methanol Urea)” and the “2023 Water Efficiency Leading Benchmark Enterprise (Synthetic Ammonia Coal to Methanol). (Source: http://en.chinahaoyuan.com/gongsidongtai/detail/6587.html) In July 2024, a biomass-balanced (BMB) ecoflex®, a polybutylene adipate terephthalate (PBAT) commonly used in biopolymer compounding, became part of BASF’s certified compostable biopolymers portfolio. This provides the packaging industry with a new opportunity to enhance the use of renewable feedstocks. Rather than using fossil fuels in the early stages of production, the new ecoflex® F Blend C1200 BMB starts with sustainable feedstock. (Source: https://www.basf.com/in/en/media/news-releases/asia-pacific/2024/06/p-24-212 In July 2024, UBE Machinery Corporation, Ltd., the flagship company of the UBE Group’s machinery division, introduced a state-of-the-art die-casting machine for giga casting. This technology integrally moulds body structure parts for battery electric vehicles (BEVs), among other applications, using aluminium alloy. With an impressive die clamping force of 9,000 metric tons, this newly built equipment far outshines all other die-casting machines shipped within Japan. (Source: https://www.ube.com/ube/en/news/2024/ube-machinery-corporation-develops-and-launches-ultra-large-die-casting-machine-with-9000-metric-ton.html

Top Companies Market Share in Ammonium Bicarbonate Industry: (In no particular order of Rank)

• BASF SE
• UBE Corporation
• MCF
• Shandong ShunTian Chemical
• Anhui Jinhe
• Haoyuan Chemical
• Anhui Huaertai Chemical
• Jinshi Group
• Sanning Chemical
• Huaqiang Group
• Bion Environment Technologies Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Ammonium Bicarbonate Market

Which Region Dominates the Ammonium Bicarbonate Market in 2024?

According to Cognitive Market Research, North America currently dominates the ammonium bicarbonate market, and the region is expected to have significant growth during the projected period. This is because of government backing of farming, great demand for fertilizers to promote food production and robust agricultural techniques. Further predicted to propel market growth in North America are technological developments in fertilizer manufacturing and a growing consciousness of sustainable farming methods. Furthermore, helping the market boom in the area are technical developments in ammonium bicarbonate tools.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because of fast urbanization, growing agricultural activity, and rising demand for fertilizers to satisfy food production requirements. Furthermore, propelling the expansion of the ammonium bicarbonate market in the area, the government support for the agricultural sector, together with increasing disposable incomes and technological developments in farming.

The current report Scope analyzes Ammonium Bicarbonate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Ammonium Bicarbonate

According to Cognitive Market Research, the global ammonium bicarbonate market size was estimated at USD 1125.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 450.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Ammonium bicarbonate market with a market size of USD 355.11 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The U.S. market's stringent governmental regulations.
• The Canada Ammonium bicarbonate market had a market share of USD 54.01 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada’s technological development in farming.
• The Mexico Ammonium bicarbonate market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 40.96 million in 2024.

Europe Ammonium Bicarbonate

According to Cognitive Market Research, the global Ammonium bicarbonate market size was estimated at USD 1125.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 337.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The United Kingdom Ammonium bicarbonate market had a market share of USD 56.71 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Ammonium bicarbonate sales witness an upswing due to the increasing urbanization.
• The France Ammonium bicarbonate market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 31.06 million in 2024.
• According to Cognitive Market Research, the German Ammonium bicarbonate market size was valued at USD 66.84 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, ammonium bicarbonate surged due to the major market players.
• The Italy Ammonium bicarbonate market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 29.03 million in 2024.
• The Russia ammonium bicarbonate market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 52.32 million in 2024.
• The Spain Ammonium bicarbonate market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 27.68 million in 2024
• The Luxembourg Ammonium bicarbonate market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 10.46 million in 2024.
• The Portugal Ammonium bicarbonate market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 7.09 million in 2024.
• The Greece Ammonium bicarbonate market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 4.05 million in 2024.
• The Rest of Europe's Ammonium bicarbonate market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 52.32 million in 2024.

Asia Pacific Ammonium Bicarbonate

According to Cognitive Market Research, the global Ammonium bicarbonate market size was estimated at USD 1125.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 258.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Ammonium bicarbonate market size was valued at USD 116.46 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Ammonium bicarbonate surged in China due to the presence of major market players.
• The Japan Ammonium bicarbonate market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 35.71 million in 2024.
• The India Ammonium bicarbonate market had a market share of USD 31.06 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's rising population.
• The South Korean Ammonium bicarbonate market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 25.88 million in 2024.
• The Australian Ammonium bicarbonate market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 13.46 million in 2024.
• The Southeast Asia Ammonium bicarbonate market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 17.86 million in 2024.
• The Rest of Asia Pacific Ammonium bicarbonate market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 18.37 million in 2024.

South America Ammonium Bicarbonate

According to Cognitive Market Research, the global Ammonium bicarbonate market size was estimated at USD 1125.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 56.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Ammonium bicarbonate market size was valued at USD 24.08 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Ammonium bicarbonate flourished in Brazil due to technological advancements.
• Argentina's Ammonium bicarbonate market had a market share of USD 9.45 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Argentina's rising agricultural activities .
• Colombia Ammonium bicarbonate market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 5.01 million in 2024.
• Peru Ammonium bicarbonate market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 4.61 million in 2024.
• Chile’s Ammonium bicarbonate market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 4.05 million in 2024.
• The Rest of Latin America's Ammonium bicarbonate market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 9.06 million in 2024.

Middle East and Africa Ammonium Bicarbonate

According to Cognitive Market Research, the global Ammonium bicarbonate market size was estimated at USD 1125.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 22.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031..

• The GCC Countries Ammonium bicarbonate market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 9.63 million in 2024. Ammonium bicarbonate sales flourish due to the presence of major market players.
• The Egypt Ammonium bicarbonate market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 2.36 million in 2024.
• The South Africa Ammonium bicarbonate market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 3.56 million in 2024. Ammonium bicarbonate sales flourished in South Africa due to increasing demand of food industry and regulatory support.
• The Turkey Ammonium bicarbonate market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 1.94 million in 2024.
• The Nigeria Ammonium bicarbonate market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 2.36 million in 2024.
• The Rest of the MEA Ammonium bicarbonate market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 2.66 million in 2024.

Ammonium Bicarbonate Market Analysis

How are Segments Performing in the Global Ammonium Bicarbonate Market?

Ammonium Bicarbonate Market Grade Segment Analysis

According to Cognitive Market Research, food grade is likely to dominate the ammonium bicarbonate market over the forecast period because it is widely used in the food business to make baked goods rise. Additionally, the main factors that drive desire for it are that it is safe to eat, doesn’t cost much, and works well in food processing. The market is also growing because the global food business is growing, and people want more processed foods.

Agriculture grade is the fastest-growing segment in the ammonium bicarbonate market because there is a growing need for fertilizers that boost crop yields efficiently. Due to its high nitrogen concentration, which encourages plant development, agriculture-grade ammonium bicarbonate is preferred as the world's demand for food production increases. Additionally, the demand for this segment is being propelled by government efforts, increasing disposable incomes, and the expansion of agricultural operations.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ammonium Bicarbonate Industry. Request a Free Sample PDF!

Ammonium Bicarbonate Market Application Segment Analysis

According to Cognitive Market Research, the nitrogen fertilizer segment holds the largest share of the market owing to its essential function in increasing harvest yields. Additionally, due to its widespread use in agriculture to promote soil fertility and its cost-effectiveness, ammonium bicarbonate is the most sought category in the market.

In the ammonium bicarbonate market, the solvent has been expanding at a rapid pace because of its growing popularity in a wide range of commercial contexts, including the production of medicines, chemicals, and processed foods. Additionally, as a stable and efficient solvent, ammonium bicarbonate is useful in a wide variety of chemical processes. The segment has experienced tremendous expansion due to its eco-friendliness and the increasing demand for sustainable solutions in various industries.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Ammonium Bicarbonate End-user Outlook: Segment Analysis

Ammonium Bicarbonate Market End-user Segment Analysis

According to Cognitive Market Research, the pharmaceutical industry segment dominates the market due to its extensive usage in many chemical compositions, as a leavening agent, and in the manufacturing of effervescent pills. Moreover, the safety profile and mild alkaline properties of ammonium bicarbonate make it an indispensable ingredient in pharmaceutical production, maintaining its market growth.

The agricultural industry is projected to be the fastest-growing segment in the ammonium bicarbonate market due to there is growing demand for fertilizers that are rich in nitrogen and can effectively increase agricultural yields. Additionally, ammonium bicarbonate is quickly becoming a staple in agricultural techniques around the world due to its high nitrogen content and low cost, which is a response to the increasing demand for food on a global scale.

• Food Industry
• Agricultural Industry
• Pharmaceutical Industry
• Textile Industry
• Ceramic Industry
• Rubber and Leather Reagent
• Others

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David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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