As per this study the Global Sodium Bicarbonate Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Sodium bicarbonate or baking soda is a chemical compound with formula NaHCO3. It is used to treat several medical conditions caused by high acidity in the body like heartburn because it is able to neutralize the acid. In addition to this, it is taken orally for bowel cleansing, poor kidney function, high potassium content in the blood, stomach ulcers and urinary stones. Moreover, end-users of sodium bicarbonate include animal feed, food & beverages, flue gas treatment, personal care & pharmaceuticals, detergents & cleaning agents, hemodialysis, agriculture, chemicals, and textile.
The increasing consumption in the food industry and growing demand from the personal care industry is driving the market growth. On the flip side, health hazards regarding the consumption of sodium bicarbonate as well as rising competition in the market are expected to limit market growth. Whereas, the growing use of baking soda as a deodorizing agent in personal care products is expected to create potential opportunity over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of sodium bicarbonate.
The broad sodium bicarbonate market has been sub-grouped into grade and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Animal Feed
- Food & Beverages
- Flue Gas Treatment
- Personal Care & Pharmaceuticals
- Detergents & Cleaning Agents
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for sodium bicarbonate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Sodium Bicarbonate Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the sodium bicarbonate market include AGC Inc, Bashkir Soda Company, Church & Dwight Co., Inc., CIECH Group, KAZAN SODA ELEKTRIK, NATURAL SODA LLC, Novacap, Şişecam Group, Solvay, Tata Chemicals Ltd and Tosoh Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.