Sodium Bicarbonate Market – Manufacturing, Food & Beverages, Agrochemical and Various Other Industries Are Driving The Industry Growth

Sodium Bicarbonate Market has recorded increasing returns over the recent years due to expansive use of the compound in manufacturing, food & beverages, agrochemical and various other industries. In the manufacturing sector a massive demand for sodium bicarbonate has been created due to its use as a soft abrasive blasting medium. Expanding demand for convenience foods has created a steady growth scope for sodium bicarbonate industry as well, reshaping the market outlook rapidly.

By end-use sector, the sodium bicarbonate market is categorized into animal feed, food & beverage, industrial, pharmaceuticals, personal care and agrochemicals. Animal feed industry will hold a fair share of more than 20% in the product market, growing with a considerable rate by 2024. This is all due to its wide usage as an antacid to treat indigestion, heartburn and other applications.

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The expanding manufacturing sector has significantly supplemented sodium bicarbonate market trends. According to most recent data, manufacturers have been noted to contribute $2.38 trillion to the U.S. economy in the fourth quarter of 2018. Manufacturers in the U.S. perform 64 percent of all private-sector research and development in the country, bringing forth more innovation than any other sector. R&D in the manufacturing sector has risen from $132.5 billion in 2000 to $252.0 billion in 2017.

Latin America sodium bicarbonate market will generate a revenue over USD 60 million by 2024 owing to rising industrialization, coupled with affordable raw material and production cost. Moreover, strict environmental regulations in the North American region is likely to affect changes in Latin American industrial ecosystem to curb emission levels, which will increase the use of sodium bicarbonate for the treatment process of flue gas.

Global Sodium Bicarbonate Market Covers the Leading Key Players:

Vitro S.A
Solvay
Natural Soda, LLC
Tosoh Corporation
BLASTRITE GULF FZE
Crystal Mark, Inc.
Tata Chemicals
Opta Minerals Inc
FMC Corporation
Beijing Haohua Nenrgy Resource
According to the European Steel Association, steel consumption was up 1.3% in 2017 to 159 million tons. Indexed steel use in automotive was up by 3.7%, in construction by 4.8%, in mechanical engineering by 6% and by nearly 7% in tubes. The figures represent a steady growth in consumption of steel. Similar growth patterns are expected to be witnessed by steel manufacturing sector which will also proliferate Europe sodium bicarbonate market share in the coming years. According to a research report compiled by Global Market Insights, Inc., Europe sodium bicarbonate market revenue is expected to exceed $400 million by 2024.

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Major Point From Table Of Content:

Chapter 3. Sodium Bicarbonate Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1. Vendor matrix

3.3.2. Distribution channel analysis

3.3.3. Profit margin

3.3.4. Value addition at each stage

3.4. Industry impact forces

3.4.1. Growth drivers

3.4.1..1. High consumption in the food industry

3.4.1..2. Growing product demand from the personal care

3.4.2. Industry pitfalls & challenges

3.4.2..1. Health problems regarding consumption of medicines containing sodium bicarbonate for a longer interval

3.4.2..2. Growing competition from substitutes

3.5. Growth potential analysis

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.6.4. India

3.6.5. Japan

3.6.6. Saudi Arabia]

3.6.7. South Africa

3.6.8. Brazil

3.6.9. Mexico

3.6.10. Certifications by industry end-user

3.6.10..1. U.S.

3.6.10..2. Europe

3.6.10..3. China

3.6.10..4. India

3.6.10..5. Japan

3.6.10..6. Saudi Arabia

3.6.10..7. South Africa

3.6.10..8. Brazil

3.6.10..9. Mexico

3.7. Porter’s analysis

3.7.1. Buyer’s power

3.7.2. Supplier’s power

3.7.3. Threat of substitutes

3.7.4. Threat of new entrants

3.7.5. Degree of competition

3.8. Competitive landscape

3.8.1. Company market share analysis, 2018

3.8.2. Strategy dashboard

3.8.3. List of manufacturing plants

3.9. PESTEL analysis

3.10. Cost structure analysis

3.10.1. Research & development costs

3.10.2. Manufacturing & equipment costs

3.10.3. Raw material costs

3.10.4. Distribution costs

3.10.5. Operating costs

3.10.6. Miscellaneous costs

3.11. Raw material analysis

3.12. Regional pricing

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sodium-bicarbonate-market

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