Global Sodium Bicarbonate Market, By Form (Slurry, Crystal/Powdered Crystal, Liquid), Grade (Feed, Food, Technical, Pharmaceutical), End-User (Feed, Food & Beverages, Flue Gas Treatment, Personal Care and Pharmaceuticals, Detergents and Cleaning Agents, Hemodialysis, Agriculture, Chemicals, Textile, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Sodium Bicarbonate Market
The sodium bicarbonate market is expected to witness market growth at a rate of approximately 5.10% in the forecast period of 2021 to 2028 is expected to reach USD 155.81 million by 2028. Data Bridge Market Research report on sodium bicarbonate market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of the product in the numerous applications in the end user industries is escalating the growth of sodium bicarbonate market.
Sodium carbonate refers to chemical compound having formula Na2CO3. The product is strong alkali which is utilized in green cleaning products. Sodium carbonate is founded in powdered form which is being used in several industries including personal care and cleaning products and as a pH adjuster, microbicide, herbicide and fungicide.
The increase in the popularity of sodium bicarbonate owning to its stabilized pH value and ability of sodium bicarbonate to reduce acidic conditions and lesser production costs coupled with low environmental impact are the major factors driving the sodium bicarbonate market. The high application of sodium bicarbonate in animal feeds and easy availability of product in the market accelerate the sodium bicarbonate market growth. The high utilization of sodium bicarbonate in the sodium bicarbonate end user industries including pharmaceutical, chemical, food and beverages and agriculture and the high demand for antacids from the pharmaceutical sector influence the sodium bicarbonate market. Additionally, the use of the product in cleaning products, pharmaceuticals products and flue gas desulfurization positively affect the sodium bicarbonate market. Furthermore, the properties of sodium bicarbonate such as odor neutralizing, grease cutting and mild abrasive extend profitable opportunities to the sodium bicarbonate market players in the forecast period of 2021 to 2028.
On the other hand, implementation of government regulations regarding the usage is expected to obstruct the sodium bicarbonate market growth. The concerns regarding the high reaction of this compound is projected to challenge the sodium bicarbonate market in the forecast period of 2021 to 2028.
This sodium bicarbonate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sodium bicarbonate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Sodium Bicarbonate Market Scope and Market Size
The sodium bicarbonate market is segmented on the basis of form, grade and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of form, the sodium bicarbonate market is segmented into slurry, crystal/powdered crystal and liquid.
- On the basis of grade, the sodium bicarbonate market is segmented into feed, food, technical and pharmaceutical.
- On the basis of end-user, the sodium bicarbonate market is segmented into feed, food & beverages, flue gas treatment, personal care and pharmaceuticals, detergents and cleaning agents, hemodialysis, agriculture, chemicals, textile and others.
Global Sodium Bicarbonate Market Country Level Analysis
The sodium bicarbonate market is analyzed and market size, volume information is provided by country, form, grade and end-user as referenced above.
The countries covered in the sodium bicarbonate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the sodium bicarbonate market during the forecast period of 2021 to 2028 due to the rising popularity of products including plastics, cement and glass and the increase in demand for the product from the end user industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sodium Bicarbonate Market Share Analysis
The sodium bicarbonate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sodium bicarbonate market.
The major players covered in the sodium bicarbonate market report are Norkem, NATURAL SODA, LLC, Solvay, Crystal Mark, Inc., Paras Chemical Industries, Tosoh Corporation, FMC Corporation, Vitro, Haohua Honghe Chemical Co., Ltd, Opta Group LLC, Tata Chemicals Ltd, Church & Dwight Co., Inc., Hawkins, Inc., Kazan Soda Elektik, CIECH GROUP, Sisecam, Bashkir Soda Company, Novacap, AGC Inc., Tata Chemicals Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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