Ammonium Citrate Market: Introduction
The Ammonium citrate is a white granular solid used in rust-proofing compounds, chemical analysis and in pharmaceuticals. It is an indirect food additive for use only as a component of adhesives. Citric acid is the parent compound of ammonium citrate and is made by neutralization of citric acid with ammonia. Ammonium Citrate is a hazardous substance which can irritate throat and nose when breathed in. The ammonium citrate is available in various types including ammonium citrate 97%, ammonium citrate 98.5% and ammonium citrate 99%. Additionally, the ammonium citrate can be used by various end-use industries including food & beverages, pharmaceuticals, electronics, petrochemicals, industrial water treatment, etc.
Ammonium Citrate Market: Market Dynamics
Ammonium Citrate Market: Drivers
Ever growing end-use industry such as pharmaceuticals, food, electronics, petrochemical, etc. both in developed and emerging economies is anticipated to be a prime factor driving the growth of the ammonium citrate market over the forecast period. Moreover, ammonium citrate is used as corrosion inhibitors and anti-scaling agents in the industrial sector. This is also expected to surge the demand for ammonium citrate market in the coming years. That apart, ammonium citrate is used for the prevention, control, and treatment of iron deficiency. This is also anticipated to surge the demand for ammonium citrate over the forecast period. Furthermore, increasing consumption of packaged food will also surge the demand for ammonium citrate in the coming decade.
Ammonium Citrate Market: Restraints
The ammonium citrate is hazardous in nature which is anticipated to be a key factor restraining the growth of the ammonium citrate market over the forecast period. Moreover, the prices of raw materials for ammonium citrate is highly volatile. This is also expected to hamper the growth of the ammonium citrate market in the coming years.
Ammonium Citrate Market: Trends
A key trend predictable five years down the line includes market players of ammonium citrate are focused on strategic expansion to increase their presence across the untapped market. Moreover, the manufacturers of ammonium citrate are focused on expanding production facilities to meet consumer demands.
Ammonium Citrate Market: Segmentation
The global ammonium citrate market can be segmented on the basis of type, grade, and application.
On the basis of type, the global ammonium citrate market can be segmented as:
- Ammonium Citrate 97%
- Ammonium Citrate 98.5%
- Ammonium Citrate 99%
On the basis of grade, the global ammonium citrate market can be segmented as:
- Industrial Grade
- Food Grade
On the basis of application, the global ammonium citrate market can be segmented as:
- Food Industry
- Industrial Water Treatment
- Soil Improvement
- Petrochemical Industry
- Electronics Industry
Ammonium Citrate Market: Regional Outlook
Over the forecast, there has been a notable growth in demand for the ammonium citrate especially in Europe and the Asia Pacific. The Asia Pacific is predicted to accounts significant share of the global market owing to the upsurge in demand for ammonium citrate from several end-use industries including food, pharmaceuticals, etc. Additionally, China is probable to dominate the ammonium citrate market by the end of the forecast period. Europe followed by the Asia Pacific dominates the global ammonium citrate market and is predictable to register stable growth over the forecast period. In North America, market players are focusing on the expansion of the production facility to cater to the increasing demand for ammonium citrate and to enhance their footprint in the global market. It is predictable that China ammonium citrate market will register noticeable growth over the forecast period. Further, Latin America and Middle East & Africa (MEA) are probable to register steady growth over the forecast period.
Ammonium Citrate Market: Market Participants
Example of some of the key participants identified across the value chain of global ammonium citrate market include AK Scientific, Inc., American Elements, AVA Chemicals Ltd., Anji Chemicals, Assembly Blocks Pvt. Ltd., Dongting Citric Acid Chemicals, Jost Chemical, Nikunj Chemicals, OChem, Shreenath Chemical, Triveni Chemicals, Yinfeng Group, among others.
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