Sodium Bicarbonate Market

GMI Research analysis indicates that the Sodium Bicarbonate Market is slated to register a CAGR of 4.3% over the period, 2022-2029.

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Market Dynamic

Key Drivers and Emerging Trends

Growing chemical industry along with the rising demand of sodium bicarbonate from industries including food, pharmaceutical, agrochemicals, personal care, leather, and other owing to its abrasive, grease-cutting, cleaning and odour-neutralizing properties is expected to drive the growth of the market. Additionally, the growing consumption of sodium bicarbonate in the skincare and personal care products including lotions and bath salts, in toothpaste, in detergent and degreasing products, and others is expected to promote the growth of the market. Moreover, rising geriatric population and increasing use of sodium bicarbonate in the pharmaceutical sector in the antacid group of medicines for the treatment of heartburn, acid indigestion, and stomach ulcers, among others is further expected to stimulate the demand of sodium bicarbonate over the forecast period.

Restraint in the Sodium Bicarbonate Market

However, the outbreak of the Covid-19 pandemic, has negatively impacted the supply chain of sodium bicarbonate, which is expected to hamper the growth of the market. Additionally, the availability of substitute products that includes potassium bicarbonate, sodium acetate, sodium borate, and yeast may further restraint the growth of the industry.

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Grade Type – Segment Analysis

Based on the grade type, the pharmaceutical grade of sodium bicarbonate market is expected to grow at a high rate over the forecast period owing to the increasing use of sodium bicarbonate as an Active Pharmaceutical Ingredient (API) for treating hemodialysis, metabolic acidosis, uncontrolled diabetics, extracorporeal circulation of blood, cardiac arrest and others. For instance, Medikarb is a pharma grade sodium bicarbonate by Tata Chemicals Ltd. and is used as an API in pharmaceutical formulations to execute processes including PH adjustment, antacids, and effervescent tablets.

Form – Segment Analysis

Based on the form, the powder form of sodium bicarbonate is expected to hold a high share in the market. This is primarily due to the increasing use sodium bicarbonate in of baking powder coupled with the ease of using its powder form in the food & beverage sector. Moreover, rising demand of power form of NaHCO3 in industries including chemical, leather & dyeing, pharmaceutical, and in water treatment facilities is further promoting the market growth.

End-Use – Segment Analysis

Based on end-use, processed food is expected to account for a larger market share during the forecast period. This can be attributed to the application of baking soda in the food industry as a leavening agent that help dough to rise and become light and porous. Increasing use of baking soda in processed food including breads, rolls, cookies, cake, donut, pancake, waffles, pizza, and other goods is accelerating the market growth.

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Regional – Segment Analysis:

Asia-Pacific is expected to hold a notable share in the market over the forecast period primarily due to the growing pharmaceutical manufacturing; and increase in the number of industries including food & beverages, chemicals, and cosmetics. According to BASF SE, China is one of the world’s largest chemical markets forecasting a growth rate in chemical production of 6.3% in 2021, which further supports the market growth. The presence of leading players including Nirma Limited, Tata Chemicals Ltd., DCW Limited, and Tosoh Corporation in Asia-Pacific is expected to escalate the market growth.

Top Market Players

Several leading Sodium Bicarbonate companies operating in the market, include, Solvay SA, Merck KGaA, Nirma Limited, Tata Chemicals Ltd., GHCL Limited, Ciech S.A., DCW Limited, Seqens Group, Tosoh Corporation, and Hawkins, Inc. among others. 

Key Developments: 

• • In 2019, Solvay SA has announced to increase its sodium bicarbonate production capacity by 200 kilotonnes in its Devnya plant in Bulgaria by the end of 2020. This will produce SOLVAIR sorbents, sodium-based solutions that treat exhaust gases from factories and ships and BicarZ, sodium bicarbonate buffer for animal nutrition.

Segments covered in the Report:

The global Sodium Bicarbonate market has been segmented on the basis of grade type, form, end-use, and key regions. Based on grade type, the market is segmented into pharmaceutical grade, technical grade, food grade, and feed grade. Based on the form, the market is segmented into powder, pellets, slurry, and liquid. Based on the end use, the market is segmented into processed food, pharmaceuticals, personal care products, chemicals, agrochemicals & nutrients, detergent, fire extinguisher, leather & dyeing, and others. 

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Key questions answered in this research report:

• • At what pace is global Sodium Bicarbonates market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Sodium Bicarbonate Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Sodium Bicarbonate Market?
  • Which grade type generated maximum revenues in 2021 and identify the most promising grade type during the forecast period?
  • What are the various end-use of global Sodium Bicarbonate Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Sodium Bicarbonate Market by Grade Type

• • Pharmaceutical Grade
  • Technical Grade
  • Food Grade
  • Feed Grade

Global Sodium Bicarbonate Market by Form

• • Powder
  • Pellets
  • Slurry
  • Liquid

Global Sodium Bicarbonate Market by End-Use

• • Processed Food
  • Pharmaceuticals
  • Personal Care Products
  • Chemicals
  • Agrochemicals & Nutrients
  • Detergent
  • Fire Extinguisher
  • Leather & Dyeing
  • Others

Global Sodium Bicarbonate Market by Region

• • North America Sodium Bicarbonate Market (Option 1: As a part of the free 25% customization)
    • By Grade Type
    • By Form
    • By End-Use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Sodium Bicarbonate Market (Option 2: As a part of the free 25% customization)
    • By Grade Type
    • By Form
    • By End-Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Sodium Bicarbonate Market (Option 3: As a part of the free 25% customization)
    • By Grade Type
    • By Form
    • By End-Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Sodium Bicarbonate Market (Option 4: As a part of the free 25% customization)
    • By Grade Type
    • By Form
    • By End-Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Sodium Bicarbonate Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Solvay SA
  • Merck KGaA
  • Nirma Limited
  • Tata Chemicals Ltd.
  • GHCL Limited
  • Ciech S.A.
  • DCW Limited
  • Seqens Group
  • Tosoh Corporation
  • Hawkins, Inc.