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Ammonium Carbonate Price Trend Analysis 2026: Price Drivers, Supply Demand Analysis, Latest News, Historical Prices & Market Insights
Written ByUdeesha Tomar
Ammonium Carbonate Latest Development
Japan Subsidizes Green Ammonia Supply
Japan's METI granted a $3 billion CfD subsidy to ACME-IHI for 228,000 t/y green ammonia exports from India starting 2030. The program reduces price risk for producers and secures offtake by Japanese users, encouraging low-carbon ammonia production and likely stabilizing green ammonia prices in the long run.
Ammonium Carbonate Price Trend Q4 2025
Asia
In Asia, ammonium carbonate prices mostly fell during the fourth quarter of 2025. Production in major countries like China and India remained strong, with many plants running at normal or high capacity. This kept supplies ample, and buyers were cautious because downstream demand, especially from fertilizer and chemical sectors, was weaker than expected.
Some temporary maintenance caused minor short-term price rises, but overall, the market remained soft. The combination of sufficient inventory and moderate demand led to prices stabilizing at lower levels by the end of the quarter.
Europe
European markets saw a generally stable to slightly declining trend in ammonium carbonate prices. Industrial activity remained moderate, and fertilizer consumption was lower in the off-season, keeping demand soft. Imports continued to add to local supplies, which prevented any strong price gains. Some regional fluctuations occurred due to logistical delays and energy costs, but they were limited. Overall, prices were steady or slightly down compared with the previous quarter, reflecting a balance between steady supply and slow purchasing by end-users.
North America
In North America, prices followed a modest downward trend during Q4’25. Supply remained sufficient, and domestic producers kept output steady. Agricultural demand was lower toward the end of the year, and industrial buyers purchased mainly to meet immediate needs, avoiding speculative stockpiling. This cautious buying, along with ongoing high inventories, contributed to slight price declines. However, prices did not drop sharply and remained mostly range-bound.
Analyst Insight
According to Procurement Resource, Ammonium Carbonate prices are expected to stay fairly stable in the near term, with only minor changes unless there were major shifts in supply or demand.
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Asia
In Asia, especially in China, ammonium carbonate prices followed a mostly weak trend during Q3 2025. The quarter began with low demand from agriculture and steady production levels, which caused oversupply in the market. Many producers had resumed normal operations after earlier maintenance shutdowns, increasing the output. At the same time, downstream industries, including fertilizers and chemicals, showed little growth in consumption. Some temporary support to prices came in late July due to new maintenance activities at certain plants, which slightly tightened the supply.
However, this effect didn’t last long. August saw prices come under more pressure as supply remained high and buyers stayed cautious. Industrial activity was flat, and seasonal agricultural demand had not yet picked up, leading to increased inventories and weak buying interest. In September, prices saw a brief recovery as some suppliers adjusted their output levels. Still, this was offset by continued sluggish demand. Overall, the market showed signs of instability, with more downward pressure than gains throughout the quarter.
Europe
In Europe, ammonium carbonate prices remained under pressure during the third quarter. Production across the region stayed stable, and there were no major supply disruptions. However, demand from end users stayed low, particularly in the fertilizer and food processing sectors, which use carbon dioxide in production.
The market also reflected broader trends in weak industrial activity and cautious purchasing behaviour. Even when supply eased slightly at times, prices did not gain much support. The weak demand environment meant that even small increases in supply could weigh on the market. Prices showed little momentum and mostly moved in a downward or flat direction.
North America
In North America, the market for ammonium carbonate was relatively balanced but stayed soft overall. Supply remained steady as plants operated normally without major issues. Demand from agriculture was low, which is typical during off-season months. Industrial users continued to buy on a need-only basis, without any noticeable rise in consumption. As a result, prices stayed within a narrow range and lacked clear direction throughout the quarter.
Analyst Insight
According to Procurement Resource, Ammonium Carbonate prices may stay mostly stable in the coming months. A slight rise in agricultural demand could offer some support, but stronger recovery will depend on broader industrial demand picking up.
About Ammonium Carbonate
Ammonium carbonate is a crystalline white powder with a pungent smell that readily decomposes to ammonia, carbon dioxide, and water. It is a popular leavening agent employed in baking industries and thus is also known as baker’s ammonia. It has been traditionally employed in baked goods for its ability to produce carbon dioxide gas, contributing to the rise and texture of certain recipes.
Ammonium Carbonate Product Detail
HS Code
2863
Chemical Formula
(NH4)2CO3
CAS Number
506876
Molecular Weight
96.09 g/mol
Industrial Uses
Baking, Leather industry, PH Control, Pharmaceuticals, Textile
Supplier Database
Bayer AG, Shanghai Mingdou Agrochemical Co Ltd, Monsanto Company, Syngenta Group, SinoHarvest
Synonyms
Baker’s ammonia
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Ammonium Carbonate Production Processes
In this reaction, carbon dioxide gas is passed over ammonia solution and the vapors are distilled to give ammonium carbonate in solid form.
Frequently Asked Questions
The ammonium carbonate outlook for 2025 points to broadly stable prices, with only minor changes unless supply or demand shifts significantly. Ample production capacity in China and India, combined with softer-than-expected downstream demand from fertilizer and chemical sectors, kept Asian prices soft through Q4. In Europe, moderate industrial activity and off-season fertilizer consumption weighed on prices, while North America saw a downward trend as agricultural demand weakened amid high inventories. The outlook would shift meaningfully if supply tightens, feedstock costs move sharply, or downstream demand from fertilizers and chemicals recovers.
Ammonium carbonate prices are driven mainly by ammonia and carbon-dioxide feedstock costs, with ammonia (made from natural gas via the Haber-Bosch route) the dominant lever, so natural-gas and ammonia trends and producer operating rates set the cost base. Because output is concentrated in China and India, supply from those origins strongly influences the market, while energy and freight add further layers. Demand from food leavening, pharmaceuticals and fertilizers provides the pull. Ample supply against soft downstream buying keeps prices subdued, while tighter ammonia supply or firmer demand lifts them.
Ammonium carbonate is produced by numerous industrial chemical manufacturers rather than a concentrated few, with China and India the primary production hubs given their ammonia capacity. Established producers include BASF SE, Honeywell International and Solvay S.A., alongside regional Chinese and Indian manufacturers such as Taixing Dongyu Chemical. North America, Europe and Asia Pacific are the main demand centres, driven by bakery, pharmaceutical, fertilizer and chemical end-users. Because feedstock ammonia is widely available, supply is relatively diffuse, so buyers focus on ammonia cost and regional logistics rather than single-producer concentration.
During Q4 2025, ammonium carbonate prices trended downward across all major regions. In Asia, strong production in China and India kept supplies ample while weaker downstream demand from fertilizer and chemical sectors weighed on prices, stabilizing at lower levels by quarter-end. Europe saw stable-to-slightly declining prices as off-season fertilizer demand and steady imports capped gains. North America recorded a modest decline amid sufficient domestic supply, lower agricultural demand, and high inventories, with buyers avoiding speculative stockpiling.
Ammonium carbonate is produced via chemical synthesis using aqueous ammonia and carbon dioxide as primary feedstocks. Carbon dioxide is passed into aqueous ammonia in a reaction tower, where they react in water to form ammonium carbonate, then distilled into a solid crystalline product. Aqueous ammonia derives from natural gas or renewable energy via the Haber-Bosch process, making natural gas pricing a key upstream cost driver.
Ammonium carbonate demand is driven primarily by the food and beverage industry, where it is a leavening agent in baked goods and flatbreads (baker's ammonia), the pharmaceutical sector for cough and cold formulations, and agriculture as a nitrogen fertilizer. The leather and textile industries add further consumption. Because these are broad food, health and agricultural uses, ammonium carbonate carries a steady demand base, so prices move mainly with ammonia and carbon-dioxide feedstock costs, Chinese and Indian supply and the balance against this downstream pull.
Procurement Resource assesses ammonium carbonate price trends through a structured, data-driven methodology. Analysts engage directly with producers, suppliers and traders to capture real-time market intelligence, supplemented by secondary market data and continuous monitoring of feedstock and input costs. Trade-flow patterns and inventory levels are tracked alongside exchange and spot benchmarks. All inputs are validated and translated into a transparent price assessment and outlook. The detailed methodology is available on the Procurement Resource website.
Our Price Analysis Methodology
About the Author
Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
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