Global Sodium Bicarbonate Market Information- By Application (Medical, Soap & Detergents, Baking Powder, Animal Feed, Chemical Raw Material, Agrochemical, Fire-Extinguishing Agent), End User (Pharmaceutical, Personal care, Textile Industry, Food & Beverages, Chemical Industry, Agriculture) and Region – Forecast till 2022
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Sodium Bicarbonate is an odorless and alkaline compound with the chemical formula NaHCO3. As per the report that has been published by Market Research Future (MRFR), the Global Sodium Bicarbonate Market is anticipated to expand at a noteworthy rate in the coming years.
Industry Updates:
In August 2018, new study findings have suggested that oral sodium bicarbonate supplementation that is used to cure metabolic acidosis in patients with chronic kidney disease (CKD) may improve muscle mass and kidney function.
On 7th August 2018, ARMEX, a leading brand of sodium bicarbonate abrasive blast media, has announced the launch of its new product, Re-Man XL.
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Key Players:
The prominent players profiled in the report by MRFR on the Global Sodium Bicarbonate Market are Tata Chemicals Ltd. (India), Solvay S.A. Chemicals Company (Europe), Church & Dwight, Inc. (the U.S.), FMC Corporation. (the U.S.), Blue Bird Foods India Pvt. Ltd. (India), Tosoh Corporation (Japan), Asahi glass co. ltd
(Japan) and Others.
Market Drivers and Restraints:
Increasing consumption of Sodium Bicarbonate in the form of baking soda owing to the rise in demand for bakery products is driving the Global Sodium Bicarbonate Market towards higher verticals. The various health benefits and deodorizing properties of Sodium Bicarbonate are increasing the demand for Sodium Bicarbonate in pharmaceutical and personal care industries, resulting in the expansion of the Global Sodium Bicarbonate Market.
The increasing utilization of Sodium Bicarbonate in the food and beverage industry and in the production of dishwashers and other cleaning agents are fueling the growth of the Global Sodium Bicarbonate Market. The widespread application of Sodium Bicarbonate in various industries is impacting positively on the expansion of the Global Sodium Bicarbonate Market.
However, the side effects caused by Sodium Bicarbonate such as skin and eye irritation and various government regulations regarding the use of Sodium Bicarbonate in various industries are likely to act as restraints on the growth of the Global Sodium Bicarbonate Market in the coming years.
Market Segmentation:
The Global Sodium Bicarbonate Market has been segmented on the basis of Application and End Users. Based on Application, the Sodium Bicarbonate Market is segmented into medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent and others. Based on End Users, the sodium bicarbonate market is segmented into pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others.
Regional Analysis:
Geographically, the Global Sodium Bicarbonate Market is segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. The Asia Pacific region accounts for the largest share in the Global Sodium Bicarbonate Market owing to the increase in production and consumption of Sodium Bicarbonate in soaps and detergents, food and beverages and raw chemical materials in the emerging economies of India and China and also in other countries like Indonesia and Thailand.
The Sodium Bicarbonate Market in the North America region accounts for the second largest share in the Global Sodium Bicarbonate Market owing to increasing utilization of Sodium Bicarbonates in various end-use industries. Whereas, the Europe region is projecting steady growth in the Global Sodium Bicarbonate Market owing to the stringent regulations over the production of Sodium Bicarbonate.
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Source: MarketersMedia
Release ID: 399069
