Ammonium Carbamate Market: Catalyzing Growth in Agriculture and Chemical Manufacturing
The Ammonium Carbamate Market is steadily gaining momentum due to its wide applications in the agriculture and chemical manufacturing sectors. As a critical intermediate in the production of urea , ammonium carbamate plays a central role in the global agrochemical industry. With agriculture modernization and the rising demand for nitrogen-based fertilizers, the market is poised for significant expansion over the next few years. Market Overview The global Ammonium Carbamate Market was valued at approximately USD 420 million in 2023 , and it is projected to grow at a CAGR of 5.4% , reaching around USD 648 million by 2031 . The growth is primarily driven by its increasing usage in urea production, water treatment , and pharmaceutical synthesis. Ammonium carbamate (NH₄CO₂NH₂) is a white crystalline compound formed by the combination of ammonia and carbon dioxide. It is highly unstable and primarily used as an interm...