During the first two quarters of 2023, ammonium hydroxide prices faced a notable decline in Asia, Europe, and North America. In Asia, this was primarily due to decreasing raw material costs, high inventory levels, and weakening demand from the fertilizers sector. Europe experienced a negative price trend influenced by falling natural gas prices, slow movement in downstream industries, and agricultural delays caused by unfavorable weather. Meanwhile, in North America, reduced inquiries from domestic and overseas industries, increased imports, and supply disruptions contributed to the price downturn. Fertilizer industry demand also played a substantial role in affecting ammonium hydroxide market dynamics across these regions.
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Definition
Ammonium hydroxide (NH4OH) is an aqueous solution of ammonia gas (NH3) dissolved in water. It is a colorless liquid with a pungent odor. Ammonium hydroxide is known for its basic or alkaline nature, serving as a versatile pH regulator in various applications. It is highly soluble in water, and its concentration can be adjusted to suit different needs. Additionally, it is a polar solvent and can form hydrogen bonds. While it has diverse industrial uses, ammonium hydroxide should be handled with care due to its potential hazards, particularly its irritant properties and toxic fumes.
Key Details About the Ammonium hydroxide 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 hydroxide 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 hydroxide Price chart, including India Ammonium hydroxide price, USA Ammonium hydroxide 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 hydroxide Price Trend:
Ammonium hydroxide (NH4OH) is employed across various industrial sectors due to its versatile properties as an alkaline solution. In the food industry, it is used as a pH regulator and leavening agent in baked goods. In chemical manufacturing, it serves as a reagent and pH adjuster for the production of various chemicals, including pharmaceuticals, dyes, and plastics. In water treatment, ammonium hydroxide helps adjust pH levels and acts as a disinfectant. It plays a crucial role in cleaning products, such as glass and surface cleaners. Additionally, it’s used in the textile industry for dyeing and in electronics manufacturing for cleaning and etching processes, making it an essential chemical in several key industrial applications.
Key Players:
- KMG Chemicals Inc
- Tanner Industries Inc
- BASF SE
- Mitsubishi Gas Chemical Company
- TAIWAN FERTILIZER CO LTD
- Spectrum Chemical Manufacturing Corp
- MGC Pure Chemicals America Inc
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