In 2023, Asia Pacific, Europe, and North America experienced a bearish trend in the Ammonium oxide market. In the Asia Pacific, declining prices were primarily due to subdued demand from downstream industries, with a more intense drop in the second quarter, aggravated by oversupply in the fertilizer sector. In Europe, falling production costs, driven by declining natural gas prices, contributed to the negative price trend, alongside weakened market sentiment and reduced demand from downstream industries. North America mirrored this trend, with lower demand from local and international buyers, and disruptions caused by increased imports. These regions collectively faced challenges in the Ammonium oxide market.
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Definition
Ammonium oxide is not a well-defined chemical compound, and it does not exist in isolation. It typically refers to ammonium compounds that contain the ammonium ion (NH4+). These compounds can have various physical properties depending on their specific chemical composition. Ammonium salts are typically white crystalline solids, and they are often soluble in water. The properties of ammonium oxide or ammonium compounds depend on the other elements or molecules they are combined with. Ammonium compounds can have diverse applications in various industries, including agriculture, chemistry, and manufacturing.
Key Details About the Ammonium oxide 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 oxide 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 oxide Price chart, including India Ammonium oxide price, USA Ammonium oxide 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 oxide Price Trend:
Ammonium oxide, often referring to various ammonium compounds, is essential in several industrial applications. In agriculture, it is used as a source of nitrogen in fertilizers, promoting plant growth. In the chemical industry, it serves as a precursor for various chemicals and explosives. Additionally, ammonium oxide compounds play a vital role in water treatment processes for the removal of pollutants and heavy metals. In the pharmaceutical sector, ammonium compounds are found to be used in drug formulations and as stabilizers. They are also utilized in the manufacturing of plastics, textiles, and dyes, contributing to the production of a wide range of essential products, making them indispensable in many industrial processes.
Key Players:
- BASF SE
- Evonik Industries AG
- Arkema
- Clariant AG
- Nouryon
- Cayman Chemical
- Penta Bioscience Products
- Zaclon LLC
- Alfa Aesar
- Merck KGaA
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