Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global Medical-grade Titanium Powder and Nickel Titanium Alloy Powder Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.5% during the review period (2022 to 2027).
The sodium bicarbonate market is projected to grow at a CAGR of 5.5% to reach US$2.053 billion in 2026 from US$1.464 billion in 2019. Sodium bicarbonate is widely known as baking soda or sodium hydrogen carbonate. It is available in white crystalline powder or granules and is odorless and has a cooling and slightly salty taste. It is moderately soluble in the water. It is one of the key ingredients in bakery products and is widely used in many detergents and cleaning products. The growing bakery and rise in the consumption of detergent are expected to augment the market during the forecasted period. A rapid increase in the demand for OTC drugs is also expected to boost the sodium bicarbonate market growth.
sodium bicarbonate includes in the animal feed industry as an acidity regulator. It is used in the supplementation of feeds for dairy cows, pigs, broilers, and laying hen as it helps in improving digestion, make the eggshells stronger, enhance the milk fat percentage and increase the yield of the milk. The rise in the demand for animal feed for farm animals and other livestock and the rise in the demand for meat is expected to drive the market growth of sodium bicarbonate during the forecasted period
Top Key players in the Sodium Bicarbonate Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes Solvay, Church & Dwight, Natural Soda, Novacarb, Tata Chemicals, FMC Corporation, Natrium Products, Tosoh Corporation, Asahi, Inner Mongolia Yuanxing, Yuhua Chemical, Qingdao Soda Ash, Haohua Honghe Chemical, Hailian Sanyii, Tianjin Bohua YongLi Chemical Industry, Lengshuijiang Xianhe Chemical, Shandong Haihua Group, Hebei Huachen Pharmaceutical, Inner Mongolia Ortork Banner Shuangxin Chemical, Lianyungang Doda Ash, Xuyue and others.
02/04/2022: Tosoh Corporation is pleased to announce its cumulative consolidated results for the first three quarters of its 2022
The company's consolidated net sales for the nine-month period under review were JPY669.5 billion (US$6.0 billion), up JPY152.8 billion, or 29.6%, from the same period of fiscal 2021. The rise in net sales was attributable to increases in sales prices that reflected increased prices for raw materials and fuels, such as naphtha, including in overseas product markets, and to heightened sales volumes driven by a recovery in demand.
Sodium Bicarbonate Market is segmented based on the type, applications, companies and regions.
By Type, Sodium Bicarbonate Market has been segmented into
The end user’s industry application on Sodium Bicarbonate Market is,
Asia Pacific sodium bicarbonate market will experience significant growth rate of 5.2% from 2019 to 2024. Positive demand for sodium bicarbonate comes majorly from China, which has a rapidly growing population that utilizes the product on a large scale. North America region was valued more than USD 250 million in 2018 due to extensive utilization of sodium bicarbonates in various end-use industries. In North America, animal feed segment is expected to hold larger market size due to extensive consumption of animal feed products in order to increase the dairy products quality and quantity.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 2.1% over the forecast period (2022-2027) |
By Type |
|
By Application |
|
By Companies | Solvay, Church & Dwight, Natural Soda, Novacarb, Tata Chemicals, FMC Corporation, Natrium Products, Tosoh Corporation, Asahi, Inner Mongolia Yuanxing, Yuhua Chemical, Qingdao Soda Ash, Haohua Honghe Chemical, Hailian Sanyii, Tianjin Bohua YongLi Chemical Industry, Lengshuijiang Xianhe Chemical, Shandong Haihua Group, Hebei Huachen Pharmaceutical, Inner Mongolia Ortork Banner Shuangxin Chemical, Lianyungang Doda Ash, Xuyue |
Regions Covered |
|
Countries Covered |
|
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 132 |
Customization Available | Yes, the report can be customized as per your needs |
How do you conduct primary research interviews?
We use tools such as video conferences, telephone calls, face-to-face interviews, and questionnaires with key respondents.
What if the report I want is not listed in the repository of your reports?
Market Insights Reports has a repository of reports on various industry verticals and not all of them have been listed on the website. Please contact our sales team with your requirements.
Who are the key players in Sodium Bicarbonate Market?
Solvay, Church & Dwight, Natural Soda, Novacarb, Tata Chemicals, FMC Corporation, Natrium Products, Tosoh Corporation, Asahi, Inner Mongolia Yuanxing, Yuhua Chemical, Qingdao Soda Ash, Haohua Honghe Chemical, Hailian Sanyii, Tianjin Bohua YongLi Chemical Industry, Lengshuijiang Xianhe Chemical, Shandong Haihua Group, Hebei Huachen Pharmaceutical, Inner Mongolia Ortork Banner Shuangxin Chemical, Lianyungang Doda Ash, Xuyue
What regions does this Sodium Bicarbonate Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Sodium Bicarbonate Market?
Technical grade, Medical grade, Food grade
What are the major end-use applications of the Sodium Bicarbonate Market?
Feed Industry, Food Industry, Pharmaceutical Industry, Chemicals Industry, Flue Gas Treatment
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.
Discounts available for multiple report purchases.
