Throughout the initial half of 2023, ammonium hydroxide prices witnessed a significant drop in Asia, Europe, and North America. In Asia, this decline stemmed mainly from diminishing raw material expenses, surplus inventory levels, and a decrease in demand from the fertilizers sector. Europe observed a downward price trajectory influenced by declining natural gas costs, sluggish activity in downstream sectors, and agricultural setbacks due to adverse weather conditions. Concurrently, in North America, reduced inquiries from both local and international industries, amplified imports, and supply interruptions all contributed to the decline in prices. The demand within the fertilizer industry also played a pivotal role in shaping the 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 analysis, 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) finds widespread use across multiple industrial sectors owing to its adaptable characteristics as an alkaline solution. Within the food industry, it functions as a pH stabilizer and a rising agent in baked goods. In chemical production, it operates as a crucial reagent and pH modifier for manufacturing a diverse array of compounds, including pharmaceuticals, dyes, and plastics. In water treatment, its role involves pH adjustments and disinfection properties. Ammonium hydroxide plays a vital part in the formulation of cleaning agents, notably in glass and surface cleaners. Moreover, its applications extend to the textile industry for dyeing purposes and in electronics manufacturing, where it aids in cleaning and etching procedures, cementing its indispensable role in several pivotal industrial processes.
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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