Global Sodium Bicarbonate Market, 2014-2024: By Type (Technical Grade, Medical Grade, and Food Grade), and By Application (Feed, Food, Pharmaceutical, Chemicals, Flue Gas Treatment, and Others)
|碳酸氫鈉的全球市場:2014年∼2024年 Global Sodium Bicarbonate Market, 2014-2024: By Type (Technical Grade, Medical Grade, and Food Grade), and By Application (Feed, Food, Pharmaceutical, Chemicals, Flue Gas Treatment, and Others)|
|出版日期: 2020年09月01日||內容資訊: 英文||
Sodium bicarbonate is a chemical compound, commonly monosodium salt of carbonic acid with alkalinizing and electrolyte replacement properties. Its chemical formula is NaHCO3. It is composed of sodium ions and bicarbonate ions. Sodium bicarbonate appears as odorless white crystalline powder or lumps and has slightly alkaline (bitter) taste. It is non-toxic. Its pH vale is in between 8 to 9. It is moderately soluble in water.
Sodium bicarbonate can be classified based on grade into technical grade, medical grade, and food grade. Sodium bicarbonate is widely employed in end used industry applications included feed industry, food industry, pharmaceutical industry, chemicals industry, flue gas treatment, and others. It is also used in pharmaceuticals, air pollution control, and personal care products. It is used to make many chemicals, as an ingredient in baking powder, effervescent salts and beverages, in fire extinguishers, cleaning compounds, and in human and veterinary pharmaceuticals. Sodium bicarbonate is an antacid used to relieve heartburn and acid indigestion. The antacid helps in treating diseases related to kidney, diabetes, cancer, and asthma. The food grade sodium bicarbonate is widely adopted as a food ingredient, which is used as the raising agent in food and beverage industry. The technical grade sodium bicarbonate is widely used for chemical synthesis, dyes, leather, fire extinguishers, water treatment, and plastic moulding. The medical grade sodium bicarbonate is widely used as a buffering agent in antacids, dialysis solutions and effervescent tablets. It is also used as an excipient in pharmaceutical formulations to execute processes including PH adjustment. Sodium bicarbonate is an adsorbent that has been used for a relatively short time in industrial flue gas treatment (FGT) processes. In agriculture is widely used as fungicides and herbicides.
The global sodium bicarbonate research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global sodium bicarbonate market is growing at a fast pace and increasing its geographical footprint rapidly. The global sodium bicarbonate market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in APAC region due to increasing demand from various end-use industries. The major growth driver for sodium bicarbonate market are increasing demand of food grade sodium bicarbonate in food and beverages industry due to rising adoption in bakery products and expansion of food industry. Also, rising consumption of in many industrial application such as cement, glass, plastics, fire extinguishers, water treatment, cosmetics and personal care products is expected to drive the growth of sodium bicarbonate market globally. In addition, the rising adoption in treating in waste-to-energy (WTE) plants and growing animal feed industry fueling the growth of the sodium bicarbonate market.
The adverse effect on health and stringent environmental regulation is the major impediment to the expansion of global sodium bicarbonate market.
Sodium bicarbonate enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and South America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of sodium bicarbonate market globally. The companies that lead global market are, Solvay, Church & Dwight, Natural Soda, Novacarb, Tata Chemicals, FMC Corporation, Natrium Products, Tosoh Corporation, Asahi, Inner Mongolia Yuanxing, Yuhua Chemical, Qingdao Soda Ash, Haohua Honghe Chemical, Hailian Sanyii, Tianjin Bohua YongLi Chemical Industry, Lengshuijiang Xianhe Chemical, Shandong Haihua Group, Hebei Huachen Pharmaceutical, Inner Mongolia Ortork Banner Shuangxin Chemical, Lianyungang Doda Ash, and Xuyue.
The research process includes the market segmentation of the global sodium bicarbonate market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global sodium bicarbonate market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below: