The Ammonium Chloride Market is being driven by Increasing demand for ammonium chloride in fertilizer industry
The Ammonium Chloride Market is expected to grow at a CAGR of 4.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 391.2 million. Ammonium chloride plays a pivotal role in the chemical etching and milling processes, which are widely used in industries such as automotive, aerospace, electronics, and semiconductors. These processes involve the selective dissolution of unwanted parts of a component using acids, bases, or alkaline chemicals, including ammonium chloride. Photo-chemical etching and electrochemical etching are the two primary methods employed in this regard. The significant demand for etching chemicals in the manufacturing of printed circuit boards (PCBs), integrated circuits, microprocessors, semiconductors, miniature antennas, lead frames, and optical apertures will fuel the expansion of the global ammonium chloride market throughout the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
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Market growth 2024-2028 |
USD 391.2 million |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
4.11 |
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Key countries |
China, US, Germany, Canada, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Ammonium Chloride, also known as Sal Ammoniac, is a versatile inorganic compound with various applications in different industries. In the agriculture sector, food-grade Ammonium Chloride is used as a substitute for nitrogen fertilizers, enhancing soil fertility and promoting plant growth. It is also used in green agriculture initiatives, where it aids in sustainable farming practices. Beyond agriculture, Ammonium Chloride finds extensive use in industries such as electronics manufacturing. It serves as an essential component in the production of oxide layers for metals, used in soldering fluxes and tinning, galvanizing, and electrolytes for various manufacturing processes. In veterinary medicine, Ammonium Chloride is used for treating various ailments in cattle, goats, and sheep. The compound's biotechnological applications extend to the production of Sodium Carbonate through the Solvay process. Ammonium Chloride's versatility also makes it a valuable substitute for other products in various industries. For instance, it can replace toxic heavy metal salts in certain applications, contributing to a more sustainable and eco-friendly manufacturing process.
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals, integral to the production of a diverse range of products such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. Key growth drivers for the specialty chemicals market include the increasing preference for specialty adhesives and sealants, underpinned by the expanding demand for these products across various industries. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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