Sodium Bicarbonate Market Analysis 2018, Major Key Players Reviews – Tata Chemicals Ltd., Solvay S.A., Chemicals Company, Church & Dwight, Inc., FMC Corporation. And Blue Bird Foods India Pvt. Ltd.

Market Overview:
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. However, the factor which may hinder the market growth is eye and skin irritation due to the side effects of sodium bicarbonate. Personal care application segment is predicted to grow tremendously on account of rising per capita disposable income in developing countries combined with huge expenditure on cosmetics and personal care products. Furthermore, pharmaceutical segment is estimated to witness significant growth due to increasing consumer awareness regarding the benefits associated with sodium bicarbonate. Moreover, increasing investment in research and development in the pharmaceutical sector and huge investment by the key players is estimated to drive the market growth over the assessment period.
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Key Players:
Tata Chemicals Ltd., Solvay S.A., Chemicals Company, Church & Dwight, Inc., FMC Corporation., Blue Bird Foods India Pvt. Ltd., Tosoh Corporation, Asahi glass co. ltd, Novacap Group among others are some of the prominent players at the forefront of competition in the Global Sodium Bicarbonate Market and are profiled in MRFR Analysis.
Industry/ Innovation/ Related News:
July 2017- Novacap Group, a European based leading manufacturer of soda ash and sodium bicarbonate started commercial scale production unit in Jurong Island, Singapore. With this expansion, the company has increased its global presence by increasing production capacity to 120,000 metric tons. This plant is built with the aim to meet the rising demand for sodium bicarbonate in Asia.
August 2017- Genesis Energy, a Texas based company acquired the alkali business from U.S. based chemical company Tronox. With this acquisition, the company strengthen its position among global sodium bicarbonate manufacturers.
January 2017- Carbon Clean Solutions Limited, a global leader in carbon related technology launched a project to capture carbon content from coal fired power plant in India. After the installation of this unit, the power plant will convert into zero emission plant. This technology will help in reducing pollution and help in increasing efficiency of plant.
June 2016- Solvay S.A along with its distribution partner named Orffa expanded their relationship to serve its sodium bicarbonate based solution BicarZ in the Denmark market. With this agreement, Solvay increase its product penetration in Denmark by utilizing Orffa’s technical and marketing competences in animal feed industry in this region.
July 2016- Ajanta Pharma USA Inc., a subsidiary of Ajanta Pharma Ltd. Launched omeprazole and sodium bicarbonate capsules. With this product launch company, the company expand its product portfolio in sodium bicarbonate based drugs.
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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.

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