Sodium Bicarbonate Market

Sodium Bicarbonate Market Overview:
MRFR report identifies that the benefits of baking soda or sodium bicarbonate is expected to be one of the main growth drivers for the global sodium bicarbonate market in the coming years. Moreover, the demand for sodium bicarbonate is bound to rise on account of its usage in the treatment of ventricular dysrhythmias, which is caused due to excessive use of cocaine.

Sodium Bicarbonate Market is set to grow steadily at a moderate CAGR during the forecast period (2018-2022), reports Market Research Future (MRFR). The consumption of meat, sugar, and dairy products makes the body acidic which the body tries to nullify by holding the alkaline salts. However, the presence of tissue acidity leads to health problems like arthritis, digestive disorders, and heartburn. This issue can be taken care of by consuming sodium bicarbonate or baking soda with water as it helps reduce acidity being alkaline in nature.
Sodium Bicarbonate is also known as baking soda with molecular formula (Na2CO3). Sodium Bicarbonate is found in white powder as well as crystals, and is odourless alkali chemical.

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Sodium Bicarbonate Industry News:
Belgium-based Solvay is planning to invest USD 5 Million to modernize the gas cogeneration units in its soda ash and sodium bicarbonate facility in Bernburg, Germany. This investment will enable the company to solidify the facility’s long-term position and also boost its competitiveness while maintaining the current production capacity. Moreover, this move further establishes Solvay’s commitment to sustainable development, reducing the intensity of carbon dioxide.

Sodium Bicarbonate Market Key Players:
Sodium Bicarbonate Market are: Tata Chemicals Ltd. (India), Solvay S.A. Chemicals Company (Europe), and Church & Dwight, Inc. (USA), FMC Corporation. (US), Blue Bird Foods India PVT. Ltd. (India), Tosoh Corporation (japan), Asahi glass co. ltd (Japan), and Others.

Sodium Bicarbonate Market Segmentation:
Sodium Bicarbonate Market is segmented on the basis of application, end users and region.
By application, the global sodium bicarbonate market is segmented on the basis of medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent, and others. There is a high demand for sodium bicarbonate in the medical field, majorly used as antacids. It is used to treat the symptoms of stomach or duodenal ulcers. Moreover, it is also used to relieve heartburn and acid indigestion by neutralizing excess stomach acid.

By end users, the market is segmented on the basis of pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others. Sodium bicarbonate in food and beverage industry is extensively used in baking goods, legumes and beans, food colouring, effervescent soda, and vegetable and fruit scrub. Hence, the plethora of applications of sodium bicarbonate in the food and beverage industry propels its demand and leads to the segment growth.

Sodium Bicarbonate Market Application:
Sodium Bicarbonate used in many industries such as pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others. 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.

Sodium Bicarbonate is a crystalline solid and find variety of usage includes graffiti removal, household uses, drug intoxications, and detergent. The Sodium Bicarbonate market is estimated to grow tremendously and register a robust growth with a healthy CAGR during the forecast period. Some of the important drivers supporting the market growth are rapidly growing pharmaceutical and chemical industry, due to rising demand for cleaning products combined with growing health consciousness among consumer. Another key factor which is further propelling the growth of sodium bicarbonate market is superior growth in food & beverage industry on account of increasing demand for packaged food worldwide. Moreover, high demand in animal feed industry is expected to fuel the market growth.

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Sodium Bicarbonate Market Regional Analysis:
Geographically, Asia-Pacific region is the largest Global Sodium Bicarbonate market in terms of production and consumption both. In APAC China being largest producer and consumer of Sodium Bicarbonate dominates the market segment. Growing demand for soaps & detergents, food & beverages, chemical raw material in China, India, Thailand and Indonesia has boosted the sodium bicarbonate market demand. US, North America is second largest market of production of sodium bicarbonate followed by Western Europe. The APAC market is likely to witnessed close competition from US market owing to sodium bicarbonate manufacturer with low cost and over dumping of sodium bicarbonate in Asia-Pacific countries. Europe have witnessed stagnant growth owing to strict regulations for producing sodium bicarbonate.

Sodium Bicarbonate Market Competitive Landscape:
Sodium Bicarbonate report analyses the degree of competition among the market players as well as industry growth and market scenario. The global sodium bicarbonate market consist of diverse players operating in the market including large scale and small scale manufacturers. This industry is moving towards growth consolidation specifically, by Asia Pacific as small scale and key players are from this region specifically from China, South Korea, Thailand, and India. Furthermore, manufacturers from Europe and North America are planning to expand their manufacturing base to Asia Pacific region in order to meet the demand for sodium bicarbonate in this region. Moreover, the market is growing with a significant growth rate which raises the competitive rivalry among the industry players.

Sodium Bicarbonate Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Sodium Bicarbonate Market
5 Industry Overview of Global Sodium Bicarbonate Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
Sodium Bicarbonate Market Table of Content to be Continue……,

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