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Sodium Bicarbonate Market Set to Reach USD 6.56 Billion by 2030: A Global Overview
Sodium Bicarbonate Market
The global sodium bicarbonate market is experiencing significant growth, driven by its versatile applications across various industries. According to Maximize Market Research, the market was valued at USD 4.60 billion in 2023 and is projected to reach USD 6.56 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.
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◉ Global Sodium Bicarbonate Market Competitive Landscape
The sodium bicarbonate market is highly competitive, with key players focusing on strategic initiatives to strengthen their market positions. Major companies include Solvay, Tata Chemicals Ltd, CIECH Group, Şişecam, and AGC Inc. These companies are engaging in mergers and acquisitions, partnerships, and capacity expansions to enhance their global presence.
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◉ Global Sodium Bicarbonate Market Regional Demand Highlights
The Asia-Pacific region holds the largest share of the sodium bicarbonate market, accounting for approximately 35% in 2023. This dominance is attributed to the concentration of numerous chemical industries and the growing pharmaceutical and personal care sectors in the region.
◉ Global Sodium Bicarbonate Market Poised for Robust Growth, Projected to Reach USD 6.56 Billion by 2030
The global sodium bicarbonate market is experiencing significant growth, driven by its versatile applications across various industries. According to Maximize Market Research, the market was valued at USD 4.60 billion in 2023 and is projected to reach USD 6.56 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.
Download your sample copy of this report today! https://www.maximizemarketresearch.com/request-sample/25245/
◉ Global Sodium Bicarbonate Market Competitive Landscape
The sodium bicarbonate market is highly competitive, with key players focusing on strategic initiatives to strengthen their market positions. Major companies include Solvay, Tata Chemicals Ltd, CIECH Group, Şişecam, and AGC Inc. These companies are engaging in mergers and acquisitions, partnerships, and capacity expansions to enhance their global presence.
Secure your sample copy of this report immediately!https://www.maximizemarketresearch.com/request-sample/25245/
◉ Global Sodium Bicarbonate Market Regional Demand Highlights
The Asia-Pacific region holds the largest share of the sodium bicarbonate market, accounting for approximately 35% in 2023. This dominance is attributed to the concentration of numerous chemical industries and the growing pharmaceutical and personal care sectors in the region.
◉ Global Sodium Bicarbonate Market Country-Specific Developments
Growth Opportunities in Vietnam
Vietnam is witnessing a rising demand for sodium bicarbonate, driven by the expansion of the food processing industry and agricultural activities. The compound is increasingly used in agriculture for soil neutralization and in food production as a leavening agent.
Trends in Thailand
Thailand stands as one of the largest producers and consumers of sodium bicarbonate in Southeast Asia. The strong demand from the textile and pharmaceutical industries propels the market, with sodium bicarbonate being integral in various manufacturing processes.
Consolidation in Japan
In Japan, the sodium bicarbonate market is projected to grow at a CAGR of 5.5% during the forecast period, with a market size of USD 153.99 million in 2024. The growth is supported by the country's robust pharmaceutical sector and increasing applications in personal care products.
Updation in South Korea
South Korea's sodium bicarbonate market is anticipated to witness a CAGR of 6.1%, reaching a market size of USD 111.58 million in 2024. The demand is fueled by applications in the pharmaceutical industry and environmental sectors, including water treatment processes.
Opportunity in Singapore
Singapore has seen increased usage of sodium bicarbonate in pharmaceutical formulations and water treatment applications. As a major hub for the pharmaceutical industry, the country's demand for high-purity sodium bicarbonate continues to rise.
Growth in the United States
The United States accounts for more than 80% of the North American sodium bicarbonate market, which in turn holds 20% of the global market share. The demand is driven by the massive food and beverage, and pharmaceutical industries, with a projected CAGR of 4.9% during the forecast period.
Trends in China
China's sodium bicarbonate market was valued at USD 502.13 million in 2024 and is projected to grow at a CAGR of 6.5%. The growth is attributed to increased focus from manufacturers and major market players, along with government investments in innovative technologies to improve efficiency and reduce the carbon footprint of production processes.
Consolidation in Europe
Germany accounts for over 23% of the European market for sodium bicarbonate, with an expected CAGR of 5.0% during the forecast period. The demand is driven by the presence of several end-use industries, including fire extinguisher production, flue gas desulfurization, food processing, pharmaceutical development, and personal care and cosmetics production.
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-sodium-bicarbonate-market/25245/
◉ Sodium Bicarbonate Market Segment Analysis
by Grade Type
Pharmaceutical Grade
Technical Grade
Food Grade
Feed Grade
by Form
Powder
Pellets
Slurry
Liquid
by End-use
Processed Food
Pharmaceuticals
Personal Care Products
Chemicals
Agrochemicals & Nutrients
Detergent
Fire Extinguisher
Leather & Dyeing
Others
◉ Key Recent Developments
In December 2023, Solvay announced a partnership with ENOWA, NEOM's energy and water company, to develop the world's inaugural carbon-neutral soda ash production facility in NEOM, Saudi Arabia.
In November 2024, Tata Chemicals Europe announced a €16.7 million investment to construct a new pharmaceutical-grade sodium bicarbonate plant in Northwich, UK. This facility is designed to triple its production capacity and utilize captured CO2, highlighting a focus on sustainability.
In January 2025, & Dwight Co., Inc. introduced a new line of environmentally friendly baking soda products for the consumer market, featuring recyclable packaging and sustainable manufacturing processes.
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◉About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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