The Global Ammonium Hydroxide Market size was valued at USD 1.40 Billion in 2022 and is expected to surpass USD 2.15 Billion by 2031, expanding at a CAGR of 4.9% during the forecast period, 2023–2031. Multiple applications and high availability of ammonium hydroxide in the market is driving the ammonium hydroxide market.
Ammonium hydroxide is alkaline in nature, which increases its applications in acid neutralizing. Additionally, it has applications in healthcare, as it is used for sanitation purposes. In the food & beverage industry, ammonium hydroxide is used as a modifier for doughs and for enhancing the flavor in tobacco. The wide range of benefits and different uses of ammonium hydroxide drive the global ammonium hydroxide market.
Introduction to Ammonium Hydroxide
Ammonium hydroxide, which is also known as ammonia solution or ammonia water, is a solution of ammonia in water. It is a colorless solution and has a strange odor. It is commonly found in air, soil, and water. Ammonium hydroxide is alkaline in nature, but its ions are difficult to isolate. Ammonium hydroxide has wide applications such as household cleaning, water treatment, food production, and furniture darkening. It plays a major part in protein synthesis within the body. The pH value of ammonium hydroxide is high, which causes skin, eye, and respiratory tract infection if it comes in direct contact, leading to severe tissue burns. Inhalation of ammonium hydroxide through the nose causes a burning sensation, which may lead to swelling in the lungs.
Market Trends, Drivers, Restraints, and Opportunities
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Ammonium hydroxide has a wide range of applications, which is expected to drive the market during the forecast period.
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High use of ammonium hydroxide in the production of fertilizers fuels the market.
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Ammonium hydroxide is alkaline in nature, thus it is useful for making circuit boards and manufacturing plastics.
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Ammonium hydroxide has adverse effects to health, which restrains the market.
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Ammonium hydroxide is not environment-friendly or sustainable in nature, which hampers the growth of the market.
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Increasing investments by key market players and rising R&D in ammonium hydroxide are creating opportunities for growth in the market.
Scope of Ammonium Hydroxide Market Report
The report on the global ammonium hydroxide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Ammonium Hydroxide Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (Cleaning Agent, Acid Neutralizer, Flavor enhancer, Water Treatment, and Others) and End-Users (Residential, Commercial, and Industrial [Pharmaceutical, Food & Beverages, Personal Care, Chemical, Agriculture, and Others])
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Sigma-Aldrich Co. LLC., KMG Chemicals, Inc., Tanner Industries, Inc., Thermo Fisher Scientific Inc., Yara International ASA, MGC Pure Chemicals America, Inc., Pride-Chem Industries Pte Ltd., Tritech Catalyst and Intermediate Pvt. Ltd., and GFS Chemicals, Inc.
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Ammonium Hydroxide Market Segment Insights
Cleaning agent segment to drive the market
Based on applications, the ammonium hydroxide market is segmented into cleaning agent, acid neutralizer, flavor enhancer, water treatment, and others. The cleaning agent segment is anticipated to account for a major share of the market, as ammonium hydroxide is highly used for cleaning purposes. Rising awareness towards the spread of infectious diseases fuels the ammonium hydroxide market. Ammonium hydroxide is useful for food production, water treatment, furniture darkening, and cleansing purposes. Demand for ammonium hydroxide was high during the COVID-19 outbreak, as ammonium hydroxide aids in effective cleaning and sanitation.
Industrial segment dominates the global market
In terms of end-users, the ammonium hydroxide market is classified into residential, commercial, and industrial. The industrial segment is further divided into pharmaceutical, food & beverages, personal care, chemical, agriculture, and others. The industrial segment holds a key share of the ammonium hydroxide market in 2021 and is projected to dominate the market during the forecast period.
North America held a major market share
On the basis of regions, the ammonium hydroxide market is diversified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the global ammonium hydroxide market with a major market share. The ammonium hydroxide market in Europe is anticipated to expand at a low growth rate, due to strict regulations on the use of ammonium hydroxide in Europe, as it is dangerous for human as well as marine life. High usage of ammonium hydroxide in Asia Pacific fuels the market in the region.
Segments
The global ammonium hydroxide market has been segmented on the basis of
Applications
- Cleaning Agent
- Acid Neutralizer
- Flavor enhancer
- Water Treatment
- Others
End-users
- Residential
- Commercial
- Industrial
- Pharmaceutical
- Food & Beverages
- Personal Care
- Chemical
- Agriculture
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Sigma-Aldrich Co. LLC.
- KMG Chemicals, Inc.
- Tanner Industries, Inc.
- Thermo Fisher Scientific Inc.
- Yara International ASA
- MGC Pure Chemicals America, Inc.
- Pride-Chem Industries Pte Ltd.
- Tritech Catalyst and Intermediate Pvt. Ltd.
- GFS Chemicals, Inc.
Competitive Landscape
Key players in the global ammonium hydroxide market are Sigma-Aldrich Co. LLC., KMG Chemicals, Inc., Tanner Industries, Inc., Thermo Fisher Scientific Inc., Yara International ASA, MGC Pure Chemicals America, Inc., Pride-Chem Industries Pte Ltd., Tritech Catalyst and Intermediate Pvt. Ltd., GFS Chemicals, Inc. These players focus on R&D and partnerships with other firms to expand globally.