Forecast of Global Ammonium Chloride Market 2023

Global Ammonium Chloride market will register a 4.1% CAGR in terms of revenue, reach US$ 1890 million by 2023, from US$ 1490 million in 2017. Ammonium chloride, NH4Cl, is an inorganic, mildly acidic, white crystalline salt compound that is highly soluble in water. The mineral is commonly formed on burning coal dumps due to condensation of coal-derived gases. It is also found around some types of volcanic vents. It is used as a flavoring agent in licorice. Ammonium chloride is the product from the reaction of hydrochloric acid and ammonia.