Sodium Bicarbonate Market – Opportunity and Forecast Analysis (2022-2029)

Sodium Bicarbonate market is expected to reach US$ 2.37 Bn. in 2029, with a CAGR of 4.96% for the period 2022-2029, because of the increased usage of sodium bicarbonate in various end-use industries such as food, animal feed, pharmaceuticals, and etc.

Sodium Bicarbonate Market Introduction:

The feed and food sector consumes a large portion of the world's supply, but the pharmaceutical, chemical, and textile industries all consume some. Sodium bicarbonate market growth is occasionally aided by the increasing Food and Beverage industry. Sodium bicarbonate is also known as baking soda or sodium hydrogen carbonate. Xanthan Gum is a crystalline powder or granule with a cooling effect that is odorless and mildly salty. It becomes moderately soluble when dissolved in water. It's found in a lot of baking products, detergents, and cleaning products, therefore it's a common chemical. Growing bakery sales and increased detergent use are projected to benefit the market during the forecast period. A substantial increase in demand for over-the-counter medications is also predicted to fuel growth in the sodium bicarbonate industry. Sodium Bicarbonate marketTo know about the Research Methodology :- Request Free Sample Report

Sodium Bicarbonate Market Dynamics:

The rise in the global market is thanks to an increased usage of sodium bicarbonate in various end-use industries such as food, animal feed, pharmaceuticals, chemicals, and water treatment. Increased use of food and technical grades of sodium bicarbonate is likely to boost growth even further. The high basicity and non-toxic character of this compound make it ideal for use in leavening, cleansing, and ruminal pH buffers. In the form of baking powder, the substance is often used as a leavening agent in the baking process for biscuits, cakes, and bread. Because of its moderate antiseptic effects, it's also utilised as a cleaning agent. Revenues are also boosted by specialty applications in fire extinguisher manufacturing, animal feed, and other areas. It's also widely used in the pharmaceutical sector as antacid for indigestion and heartburn, as a hyperkalemia therapy, & as a hemodialysis solution for chronic kidney disease patients. The market's major players are concentrating on enhancing productivity through the use of digital technology and integrated processes. Many major firms are looking for strategic expansions while also focusing on supplying high-quality end-use products to maintain their market position over time. For example, Tata Chemicals is the world's fourth-largest producer of sodium bicarbonate, producing about 200,000 MT per year across Europe and Asia. Medikarb is India's first pharmaceutical-grade sodium bicarbonate, and it's employed in effervescent tablets and powders as an active pharmaceutical ingredient and excipient. One of the most versatile inorganic compounds is sodium bicarbonate. Pharmaceutical grade sodium bicarbonate is the most premium and purest form of the inorganic chemical, combining outstanding buffering characteristics with high purity levels. Sodium Bicarbonate Market Opportunity: Various market participants are working to increase production capacity as well as invest in the creation of high-quality sodium bicarbonate variants. For example, in 2021, the top five producers accounted for about 49% of installed sodium bicarbonate capacity; the majority of them operate multiple sites in various locations. Solvay came in second with 16.5 percent of the total, followed by Henan Zhongyuan with 16.5 percent (15.8 percent). Over the forecast period, capacity is expected to grow at a 3 percent annual average pace. New materials are being developed in the global market for sodium bicarbonate to suit the need for high-quality culinary and pharmaceutical-grade sodium bicarbonate. The expansion of activities in end-use industries such as food and beverage, pharmaceuticals, and chemical industries could enhance opportunities for sodium bicarbonate producers.

Sodium Bicarbonate Market Regional Insights:

In 2021, Asia Pacific held the greatest market share, and it is expected to continue to grow during the forecasted period (2022-2029). Positive demand is mostly expected from China and India, because of a rapidly rising population that consumes sodium bicarbonate on a big scale. Animal feed is the most common use of sodium bicarbonate, accounting for nearly one-fourth of total bicarbonate use worldwide. In response to the rapid growth of the feed industry brought on by China's rapidly developing livestock sector, sodium bicarbonate demand for animal feed has expanded dramatically in China. China is currently the world's second-largest feed producer. Additionally, throughout the expected period (2022-2029), rising demand for detergents & soaps, innovative pharma goods, chemical raw materials, and cosmetics & personal care products is boosting sodium bicarbonate market expansion in this area. World consumption is expected to grow at a slower rate of around 23% per year between now and 2029, according to the forecast. Asian markets are an account for the majority of demand increase, thus, companies like Solvay and Novacap have responded by expanding capacity in the Asia Pacific, primarily for specialty products. Meanwhile, liquid detergents are in high demand in Europe, particularly in Russia, Germany, & the United Kingdom. Other countries, such as Brazil, Canada, the United States, and Mexico, are seeing an increase in demand for detergents and cleaning chemicals. In 2021, Solvay announced plans to expand its sodium bicarbonate and soda ash production capacity in Bulgaria and the United States. In its Devnya factory in Bulgaria, the company plans to increase sodium bicarbonate manufacturing capacity by 200-kilo tonnes. This development is part of the company's overall growth strategy to meet global demand for flue gas treatment and air quality improvement. For the following three years, a total investment of US$202 million is planned. The company's current joint activity with Sisecam includes the expansion of sodium bicarbonate capacity. It is well-positioned to manufacture SOLVAir sorbents, sodium-based solutions for the treatment of exhaust emissions from factories, ships, animal nutrition, and incineration plants. The objective of the report is to present a comprehensive analysis of the global Sodium Bicarbonate market to the stakeholders in the End-use. The past and current status of the End-use with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the End-use with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the End-use to the decision-makers. The report also helps in understanding the Sodium Bicarbonate dynamics, structure by analyzing the market segments and projecting the Sodium Bicarbonate size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Sodium Bicarbonate market make the report investor’s guide.

Sodium Bicarbonate Market Scope: Inquiry Before Buying

Sodium Bicarbonate Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.61 Bn.
Forecast Period 2022 to 2029 CAGR: 4.96% Market Size in 2029: US $ 2.37 Bn.
Segments Covered: by Grade Type • Pharmaceutical Grade • Technical Grade • Food Grade • Feed Grade
by Form • Powder • Pellets • Slurry • Liquid
by End-use • Processed Food • Pharmaceuticals • Personal Care Products • Chemicals • Agrochemicals & Nutrients • Detergent • Fire Extinguisher • Leather & Dyeing • Others

Sodium Bicarbonate Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Sodium Bicarbonate Market, Key Players

Solvay SA • Merck KGaA • Nirma ltd. • Tata Chemicals Ltd. • GHCL Ltd. • Ciech SA • DCW Ltd. • Seqens group • Tosoh Corporation • Hawkins, Inc. • Vitro • Church & Dwight Co., Inc. • Others Frequently Asked Questions: 1. Which region has the largest share in Sodium Bicarbonate Market? Ans: The Asia Pacific held the largest share in 2021. 2. What is the growth rate of the Sodium Bicarbonate Market? Ans: The Sodium Bicarbonate Market is growing at a CAGR of 4.96% during the forecasting period 2022-2029. 3. What segments are covered in the Sodium Bicarbonate market? Ans: Sodium Bicarbonate Market is segmented into Type, Form, End-use, and Region. 4. Who are the key players in the Sodium Bicarbonate market? Ans: The important key players in the Sodium Bicarbonate Market are – Solvay SA, Merck KGaA, Nirma ltd., Tata Chemicals Ltd., GHCL Ltd., Ciech SA, DCW Ltd., Seqens group, Tosoh Corporation, Hawkins, Inc., Vitro, Church & Dwight Co., Inc., and Others. 5. What is the study period of this market? Ans: The Sodium Bicarbonate Market is studied from 2021 to 2029.
1. Global Sodium Bicarbonate Market: Research Methodology 2. Global Sodium Bicarbonate Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Sodium Bicarbonate Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Sodium Bicarbonate Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Sodium Bicarbonate Market Segmentation 4.1. Global Sodium Bicarbonate Market, by Grade Type (2021-2029) • Pharmaceutical Grade • Technical Grade • Food Grade • Feed Grade 4.2. Global Sodium Bicarbonate Market, by Form (2021-2029) • Powder • Pellets • Slurry • Liquid 4.3. Global Sodium Bicarbonate Market, by End-use (2021-2029) • Processed Food • Pharmaceuticals • Personal Care Products • Chemicals • Agrochemicals & Nutrients • Detergent • Fire Extinguisher • Leather & Dyeing • Others 5. North America Sodium Bicarbonate Market(2021-2029) 5.1. North America Sodium Bicarbonate Market, by Grade Type (2021-2029) • Pharmaceutical Grade • Technical Grade • Food Grade • Feed Grade 5.2. North America Sodium Bicarbonate Market, by Form (2021-2029) • Powder • Pellets • Slurry • Liquid 5.3. North America Sodium Bicarbonate Market, by End-use (2021-2029) • Processed Food • Pharmaceuticals • Personal Care Products • Chemicals • Agrochemicals & Nutrients • Detergent • Fire Extinguisher • Leather & Dyeing • Others 5.4. North America Sodium Bicarbonate Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Sodium Bicarbonate Market (2021-2029) 6.1. European Sodium Bicarbonate Market, by Grade Type (2021-2029) 6.2. European Sodium Bicarbonate Market, by Form (2021-2029) 6.3. European Sodium Bicarbonate Market, by End-use (2021-2029) 6.4. European Sodium Bicarbonate Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Sodium Bicarbonate Market (2021-2029) 7.1. Asia Pacific Sodium Bicarbonate Market, by Grade Type (2021-2029) 7.2. Asia Pacific Sodium Bicarbonate Market, by Form (2021-2029) 7.3. Asia Pacific Sodium Bicarbonate Market, by End-use (2021-2029) 7.4. Asia Pacific Sodium Bicarbonate Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Sodium Bicarbonate Market (2021-2029) 8.1. Middle East and Africa Sodium Bicarbonate Market, by Grade Type (2021-2029) 8.2. Middle East and Africa Sodium Bicarbonate Market, by Form (2021-2029) 8.3. Middle East and Africa Sodium Bicarbonate Market, by End-use (2021-2029) 8.4. Middle East and Africa Sodium Bicarbonate Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Sodium Bicarbonate Market (2021-2029) 9.1. South America Sodium Bicarbonate Market, by Grade Type (2021-2029) 9.2. South America Sodium Bicarbonate Market, by Form (2021-2029) 9.3. South America Sodium Bicarbonate Market, by End-use (2021-2029) 9.4. South America Sodium Bicarbonate Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Solvay SA 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Merck KGaA 10.3. Nirma ltd. 10.4. Tata Chemicals Ltd. 10.5. GHCL Ltd. 10.6. Ciech SA 10.7. DCW Ltd. 10.8. Seqens group 10.9. Tosoh Corporation 10.10. Hawkins, Inc. 10.11. Vitro 10.12. Church & Dwight Co., Inc. 10.13. Others

About This Report

Report ID 25245
Category Material & Chemical
Published Date Sep 2022
Updated Date
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