Synopsis of Sodium Bicarbonate Market:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Sodium Bicarbonate Market witnessed a significant growth over the forecasted period owing to growing applications such as medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent, and others.
Sodium bicarbonate is a white crystal solid and also available in powder, odorless, with minor alkali taste. Generally sodium bicarbonate produced from Sodium Bicarbonate. Sodium bicarbonate has chemical formula NaHCO3 also known as, bicarbonate of soda, sodium hydrogen carbonate, cooking soda, Natrium Bicarbonicum, and Natrium Hydrocarbonicum.
Food & beverage and personal care segment drive the global sodium bicarbonate market.The market demand for Sodium Bicarbonate is expected to rise in food and beverage industry due to rapid urbanization in emerging economies. The rising demand for soaps & detergents in household will drive the Sodium Bicarbonate market in near future. Sodium Bicarbonate is also used in production of different chemicals such as sodium silicate, chrome chemicals, and other chemicals.
Growing competition from substitute such as sodium acetate can restraint the market expansion of sodium bicarbonate market. It appears safe to replace sodium bicarbonate infusion with sodium acetate on an equimolar basis
Global Sodium Bicarbonate Market in terms of volume is expected to grow at healthy CAGR during 2016-2022
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Key players of the global Sodium Bicarbonate market are Tata Chemicals Ltd. (India), Solvay S.A. Chemicals Company (Europe), Church & Dwight, Inc. (USA), FMC Corporation. (US), Blue Bird Foods India Pvt. Ltd. (India), Tosoh Corporation (japan), Asahi glass co. ltd (Japan), and Others.
The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific sodium bicarbonate market is largest market owing to robust industry growth of application industry in China and India. Increasing sodium bicarbonate production for producing medical, soap & detergents, baking powder is expected to boost the market demand. North America on second largest market witnessed a positive growth over the forecasted period, followed by Europe and other Asian countries. U.S dominates the market segment leading to rise in soaps & detergents in household activities.
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The global sodium bicarbonate market is majorly segmented on the basis of application, end users and region. Based on application of sodium bicarbonate the market is segmented into medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent, and others. Based on end user the market segmented into pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others.
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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