In Asia during the first quarter of 2023, the price trend of ammonium bromide faced challenges from depreciating raw material costs and weak demand sentiments from downstream industries. The second quarter saw a more pronounced drop in prices due to subdued demand and excessive inventories. In Europe, both quarters experienced a declining trend influenced by decreasing raw material costs and production prices, compounded by disruptions in the logistics and shipping sectors. Freight charges and limited overseas inquiries further contributed to the downward trajectory. North America faced declining ammonium bromide prices as feedstock costs and energy production rates fell, compounded by reduced industry sales, waning consumer interest, and heightened market competitiveness from increased import rates.
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Definition
Ammonium bromide (NH4Br) is a white crystalline salt with a slightly salty taste. It is highly soluble in water and forms clear solutions. This compound, derived from the reaction between ammonia and hydrobromic acid, plays a pivotal role in various industrial applications. With a molecular weight of approximately 97.94 g/mol, ammonium bromide is hygroscopic, meaning it readily absorbs moisture from the air. Its properties make it valuable in sectors such as photography, pharmaceuticals, and the production of fire retardants. Ammonium bromide also possesses applications in analytical chemistry, where it serves as a reagent for certain tests.
Key Details About the Ammonium bromide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Ammonium bromide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ammonium bromide Price chart, including India Ammonium bromide price, USA Ammonium bromide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ammonium bromide Price Trend:
Ammonium bromide (NH4Br) holds significance in several industrial applications. In photography, it contributes to photographic developers, aiding in the creation of images. In pharmaceuticals, it finds use in certain formulations. The compound is employed in the production of fire retardants, providing efficacy in reducing the flammability of materials. Ammonium bromide serves as a reagent in analytical chemistry for specific tests. Additionally, it has applications in the electronics industry, particularly in the manufacturing of electrolytic capacitors. Its unique properties make it valuable in these diverse industrial sectors, showcasing its versatility as a chemical compound with varied and specialized uses.
Key Players:
- Albermarle
- Lanxess
- Jordan Bromine
- Perekop Bromine
- American Elements
- Tenor Chemicals
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