Sodium Bicarbonate Market By Major Industry Vendors: Solvay, Natural Soda, LLC, Tosoh Corporation, Crystal Mark, Inc., Tata Chemicals, Opta Minerals Inc, FMC Corporation

Crystal/powdered crystal is one of the growing segment in the sodium bicarbonate market with a CAGR of 5.5%. The product segment is driven by increasing usage in several end-user industries. Growing food & beverage industry is primarily driving the segment, favoring the consumption of crystal/powdered crystal form in various food products. Second highest market growth is projected by liquid form which is likely to grow with a CAGR of 4.6% with increasing application in pharmaceutical industry.

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The global sodium bicarbonate market is hindered by complication and side effect on the its consumption. High consumption of this products for longer period can cause severe health problem such as allergic reactions, arthritics and breathing problem. Further there are certain restriction on sodium bicarbonate on its application in food and medical items which will negatively influence the market growth by 2024.

Increasing usage of sodium acetate and yeast alternative to sodium bicarbonate will decelerate the sodium bicarbonate market growth in coming years. Growing application of sodium acetate product in food industry coupled with its excellent antibacterial properties is likely to challenge market demand in forecast period.

The Sodium Bicarbonate Market is set to grow from its current market value of more than $6 billion to over $9 billion and will exhibit growth by a CAGR of over 4.9% up to 2024.

Industry Growth drivers –
• High consumption in food industry
• Growing product demand from personal care industry

Segmentation of Sodium Bicarbonate Market, Form By End-user

o Crystal/powdered crystal
o Food & beverage
o Industrial
o Pharmaceutical
o Personal care
o Agrochemical
o Animal feed
o Liquid
o Food & beverage
o Industrial
o Pharmaceutical
o Personal care
o Agrochemical
o Animal feed
o Slurry
o Food & beverage
o Industrial
o Pharmaceutical
o Personal care
o Agrochemical
o Animal feed

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Food and beverage industry is among fastest growing industry, by a CAGR of 5.3%. Followed by food and beverage, agrochemical industry is witnessing high demand for sodium bicarbonate products. Rising application of this products in pesticide chemical is likely to accelerate sodium bicarbonate market demand by 2024.

Asia Pacific sodium bicarbonate market is substantially growing with a CAGR of 5.7%, the region is majorly dominated by China and India. Rapid urbanization and industrialization in these countries is rising the demand for sodium bicarbonate products in end-user industries. Followed by Asia Pacific market, LATAM is increasing predominantly owing to massive demand from food and beverage industry.



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Some of the leading market players in the sodium bicarbonate market have integrated activities such as TATA chemical and Solvay. Major players include Vitro, S.A.B. de C.V., Solvay Specialty Polymers USA, LLC, Natural Soda, LLC, Tosoh Corporation, Blastrite, Crystal Mark, Inc., Tata Chemicals, Opta Minerals Inc, FMC Corporation, Haohua Honghe Chemical Co., Ltd.

Market share calculation in this report is not done based on companies covered in it. The calculation of sodium bicarbonate market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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Rotomoulding Powder Market size was estimated over 6 Million Tons in 2017 and will witness CAGR over 17% and to surpass USD 29 billion by 2024.

Key rotomoulding powder market players include Green Age Industries, Broadway Colours, Du Pont, Pacific Poly Plast, Matrix Polymers, A. Schulman, Inc. and Phychem Technologies Pvt. Ltd., Reliance Industries Limited. Other prominent market players are D&M Plastics, Kiel Industries, BASF, The Dow Chemical Company, SABIC, Exxon Mobil, and Lyondell Basell.

https://www.gminsights.com/industry-analysis/rotomoulding-powder-market

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