Global Sodium Bicarbonate Market – Growth Opportunities & Global Scenario, 2018-2022

Sodium Bicarbonate Market/ Overview:

Sodium bicarbonate has chemical formula NaHCO3 also known as, bicarbonate of soda, sodium hydrogen carbonate, cooking soda, Natrium Bicarbonicum, and Natrium Hydrocarbonicum. Sodium bicarbonate is a white crystal solid and powder, odorless, with minor alkali taste. Generally sodium bicarbonate produced from soda ash.

Sodium bicarbonate is basically used as a source of carbon dioxide in processes of bread baking, producing carbonated beverages and artificial mineral water, as a component of fire extinguishing agents, medicinal compounds and in others chemical raw materials.

Increasing demand for personal care and food & beverage industries is likely to drive the Sodium bicarbonate market growth. The growing food & beverage industry including the demand of fast food due to rapid urbanization on account of developing domestic as well as industrial particularly in Asia-Pacific and North America has boosted the global Sodium bicarbonate market over the forecasted period.

Environment regulation in context of manufacturing Sodium Bicarbonate and vary prices of Sodium Bicarbonate due to limited availability is expected to affect negative to the market demand in coming years.

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Market Highlights:

Sodium Bicarbonate is also known as baking soda with molecular formula (Na2CO3). Sodium Bicarbonate is found in white powder as well as crystals, and is odorless alkali chemical.
Sodium Bicarbonate is used as food additive and soap & detergent in many household and industrial activities. It is additive in food industry such as baking soda. Thus, growing soaps & detergents in household activities is driving the demand for global sodium bicarbonate market. Bicarbonate market owing to increase in production of various chemical.

Sodium bicarbonate used in many industry such as pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others.

The major driving factors of sodium bicarbonate market are growing demand from personal and home care products and food products and emerging economies in the North America and Europe. In addition, the increasing demand from the detergent and soap industry is expected to fuel market growth of sodium bicarbonate in near future.

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.

Segmentation:
The global sodium bicarbonate market is majorly segmented on the basis of application, end users and region. Based on application of sodium bicarbonate the market is segmented into medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent, and others. Based on end user the market segmented into pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others.

Key Players:

Tata Chemicals Ltd. (India),
Solvay S.A. Chemicals Company (Europe),
Church & Dwight, Inc. (USA),
FMC Corporation. (US),
Blue Bird Foods India Pvt. Ltd. (India),
Tosoh Corporation (japan),
Asahi glass co. ltd (Japan),

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