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Pharma Grade Sodium Bicarbonate Market Sales, Revenue, Value Chain Analysis, CAGR and Forecast by 2021 - 2031 | Solvay SA, Tata Chemicals, Novacarb, Dr. Paul Lohmann GmbH KG
Pharma Grade Sodium Bicarbonate Market
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Key Trends
The key trends in Pharma Grade Sodium Bicarbonate technology are:
1. The development of new and improved methods for the manufacture of pharma grade sodium bicarbonate.
2. The development of new and improved methods for the purification of pharma grade sodium bicarbonate.
3. The development of new and improved methods for the characterization of pharma grade sodium bicarbonate.
4. The development of new and improved methods for the use of pharma grade sodium bicarbonate in pharmaceutical formulations.
Key Drivers
The pharmaceutical industry is one of the key drivers of the global sodium bicarbonate market. The pharmaceutical industry uses sodium bicarbonate as an antacid to treat heartburn, indigestion, and upset stomach. It is also used as an electrolyte replenisher in sports drinks and as a buffer in injectable drugs. In addition, sodium bicarbonate is used in dialysis and as an antacid in infants.
The other key drivers of the sodium bicarbonate market include the food & beverage industry and the personal care industry. Sodium bicarbonate is used as a leavening agent in the food & beverage industry.
The Asia-Pacific region is the largest market for sodium bicarbonate, followed by North America and Europe. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The growth in the Asia-Pacific region is driven by the growing pharmaceutical industry in China and India.
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Market Segments
The Pharma Grade Sodium Bicarbonate Market is segmented by grade, application and region. By grade, the market is divided into fine and coarse. Based on application, it is bifurcated into API, excipients, antacids, haemodialysis, tablet coating, and toothpaste. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Pharma Grade Sodium Bicarbonate Market includes players such as Solvay SA- Belgium, Tata Chemicals- India, Novacarb (Novacap Group)- France, Dr. Paul Lohmann GmbH KG- Germany, GHCL Limited - India, CIECH S.A. - Poland, Natural Soda LLC - United States, Jost Chemical Co. - United States, Tronox Alkali Corporation - United States, and EXELA Pharma Sciences, LLC - United States
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Reasons to buy Pharma Grade Sodium Bicarbonate Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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