H1 2023: Throughout the first three months of 2023, Ammonium Chloride market faced bearish market sentiment in the Asia Pacific region. The price trend for Ammonium Chloride pricing in the APAC region for the was dim due to a plentiful supply created excess of material entering India. The inventories were full, and the supplies were still enough to meet Indian demand The weak demand for Ammonium Chloride in the downstream fertilizer sector caused prices to stay low. In the Indian market, prices remained low in April, rose in May and then declined in June 2023. Furthermore, because of the ongoing inflationary pressure, the market saw a decline in bulk purchases in China. Because of this, traders were forced to maintain low prices. Furthermore, China's exports declined in the last three months of H1 2023. This resulted in an overabundance of the material in the market and a scenario. On the other hand, in the US Ammonium Chloride market went a downward spiral in H1 2023. The price declines of feedstock ammonia were the main factor contributing to the market's loss of strength. Furthermore, the economic slowdown had an impact on the low pricing trend. Because of the purchasers' reluctance to buy in bulk due to rising interest rates and inflation, traders had to kept their pricing on the low side in US.
The global Ammonium Chloride market reached roughly 6150 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.50% during the forecast period until 2032. Ammonium chloride is used as a source of nitrogen in agriculture.
Ammonium chloride is a common fertiliser. As a nitrogen fertiliser, ammonium chloride is widely used in agriculture. Ammonium chloride is widely used in a variety of sectors, including chemicals, textiles, and pharmaceuticals. Ammonium chloride is used in the pharmaceutical sector as a sort of cough treatment that acts as an expectorant to help clear mucus from the airways and prevent it from stimulating the glands that line the bronchial mucosa. In patients with metabolic alkalosis brought on by chloride loss after vomiting and gastric suction, ammonium chloride is administered as a systemic acidifier. It is used in the textile industry for tanning and dyeing procedures. Ammonium chloride is added to livestock feed to supplement critical nutrients and improve animal health. In veterinary medicine, ammonium chloride is used to treat urinary stones in cattle, sheep, and goats. Additional personal care and cleaning items that contain ammonium chloride include facial cleansers, bath oils, shampoos, conditioners, bleach, dishwashing detergent, and hair dye. Dry batteries and ammonia compounds are made from solid ammonium chloride. Ammonium Chloride is also used as a soldering flux, a pickling agent in zinc plating, and for tinning.
The need for ammonium chloride in fertilisers, particularly for the cultivation of wheat and rice, will drive the market over the forecast period. Ammonium chloride has been used in a growing number of industrial applications, including leather tanning, textile printing, metal flux, cosmetics, and personal care, all of which are predicted to experience consistent expansion throughout the course of the projection period. The use of ammonium chloride in animal feed is anticipated to rise as consumer demand for animal products including meat and dairy rises, supporting market expansion. Also, the growing usage of ammonium chloride in the pharmaceutical sector is likely to bolster market growth. The global Ammonium Chloride market is anticipated to increase favorably as a result of these reasons and reach 9550 thousand tonnes by the year 2032.
Geographically, Asia Pacific holds the top position in the Ammonium Chloride market. Ammonium chloride-based fertilisers have become more prevalent in this region as a result of a number of causes, including the rising production of rice and wheat in Asian nations. The market price is being driven by the high demand for ammonium chloride as a source of nitrogen in fertilisers. Additionally, the usage of ammonium chloride in a variety of applications is improving chances for producers on the international market.
Based on the end-user industry, the global Ammonium Chloride market is segmented into Fertilizers, Pharmaceuticals, Animal Feed, Metal Works, and Others. However, Fertilizers is the leading segment and held about 38% of the global Ammonium Chloride market in 2022.
Major players in the Global Ammonium Chloride market are BASF SE, The Dallas Group of America, Central Glass Co., Ltd, Tuticorin Alkali Chemicals And Fertilizers Limited, Tinco Chemicals Private Limited,
Hubei Yihua Chemical Industry Co Ltd, Jinshan Chemical, CNSG, HEBANG, Tianjin Bohua YongLi Chemical, Shannxi Xinghua, Shijiazhuang Shuanglian Chemical, and Liuzhou Chemical.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Ammonium Chloride which covers production, demand and supply of Ammonium Chloride market in the globe.
• To analyse and forecast the market size of Ammonium Chloride
• To classify and forecast Global Ammonium Chloride market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ammonium Chloride market in the globe.
To extract data for Global Ammonium Chloride market, primary research surveys were conducted with Ammonium Chloride manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ammonium Chloride market over the coming years.
ChemAnalyst calculated Ammonium Chloride demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Ammonium Chloride. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ammonium Chloride manufacturers and other stakeholders
• Organizations, forums and alliances related to Ammonium Chloride distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ammonium Chloride manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ammonium Chloride market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
6150 thousand tonnes
Market size Volume in 2032
9550 thousand tonnes
Growth Rate
CAGR of 4.50% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Fertilizers, Pharmaceuticals, Animal Feed, Metal Works, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was global market size of Ammonium Chloride in terms of volume in 2022?
Ans:
The global market size of Ammonium Chloride has reached approximately 9550 thousand tonnes in the year 2022.
Q2.
Which industry is leading as a consumer of Ammonium Chloride?
Ans:
Fertilizers industry is the leading consumer of Ammonium Chloride, which consumed roughly 37% of the global Ammonium Chloride market in 2022.
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