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Ammonium Ferric Citrate Market 2019 - Global Industry Growth, Analysis, Share, Trends and Forecast by 2025

Author : Ronak Bora | Published Date : 2019-05-06 

Global Ammonium Ferric Citrate Market report 2024 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.

Ammonium Ferric Citrate Market size is likely to see potential gains during the forecast period owing to its immense use in the pharmaceutical and food processing industry. The product is available in a crystalline power form with reddish brown color and completely soluble in water. Reaction of citric acid aqueous solution and ammonia with ferric hydroxide causes ammonium ferric citrate to form.

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The pharmaceutical industry is foreseeing a possible growth in the coming years due to huge demand in the market. Rising number of new diseases and epidemics due to unhealthy lifestyles and pollution is driving the pharmaceutical market. The total pharmaceutical revenue recorded in the U.S. was close to USD 330 billion in 2016. The food & beverage industry is one of the biggest industries with a global revenue of over 3 trillion. This is due to the rise in population, changing eating habits and adoption of convenience food. These are the major factors driving the ammonium ferric citrate market demand.

On the basis of application, the ammonium ferric citrate market can be segmented as pharmaceuticals, food & beverages, waste water management, photographic printing and metal processing. In pharmaceutical, the product is used for drug processing and as a contrast agent in medical imaging. It is also used as a hematinic which is a nutrient required for the formation of blood cells. In food & beverage processing, the product finds usage as a food additive for the purpose of acid regulation, changing and maintaining the pH level and as an iron supplement. 

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Considering the geographic regions, Asia Pacific is likely to display fastest growth for ammonium ferric citrate industry in the forecast period. Ammonium ferric citrate market demand is likely to grow in this region owing to the rise in development in the pharmaceutical industry among the other industries. China is a major manufacturer and distributor followed by the other countries such as India and Japan. China exports ammonium ferric citrate in several regions of Latin America and Europe.

Primary players operating in ammonium ferric citrate market include Eminenco Pharma, New Alliance Dye Chemicals, West Bengal Chemical Industries, Shreenath Chemicals, Rishi Chemical, Muby Chemicals, Sigma-Aldrich, Devendra Kirti Pharmachem, American Elements, Powder Pack Chem, Nitika Chemicals, Ava Chemicals, Akhil Healthcare, Nikunj Chemicals, Triveni Interchem and Salvi Chemical Industries to name a few.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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