The market size and market situation ofammonium chloride in the world and China show a steady growth trend. Based on the report and analysis, the following is an overview of the market size and situation of ammonium chloride:
1. Global market size: The global ammoniumchloride market size reached 11.734 billion yuan in 2022 and is expected to reach 13.647 billion yuan in 2028, showing that the market is expected to
continue to grow in the next few years. The global ammonium chloride market sales reached 11.7 billion yuan in 2022 and is expected to reach 15 billion yuan in 2029, with a compound annual growth rate (CAGR) of 3.6% (2023-2029).
2. Chinese market share: China occupies animportant position in the global ammonium chloride market. In 2022, the market size of ammonium chloride in China reached 5.304 billion yuan (about 806 million US dollars), and is expected to continue to grow in the next few years.
3. Market growth factors: The growth of theammonium chloride market is driven by a variety of factors, including the increase in agricultural demand, the expansion of industrial applications, and the recovery of the global economy.
4. Product type and application: Theammonium chloride market can be segmented on the basis of product type (e.g., industrial grade, agricultural grade, food grade) and application area (e.g.,
fertilizer, buffer solution, metal products, textile and leather, biological and agricultural, food, pyrotechnics, etc.).
5. Import and export situation: China isthe world's main producer and exporter of ammonium chloride. In 2023, the market size of China's ammonium chloride has exceeded 60.00 billion yuan, mainly for export. However, due to the decline in the international price of ammonium chloride, China's ammonium chloride exports are facing certain pressure.
In summary, the market size of ammonium chloridein the world and China continues to expand, the market competition is fierce, the product types and application fields are diversified, and the price trend is affected by a variety of factors. With the advancement of technology and the growth of market demand, the ammonium chloride market is expected to continue to grow.