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Sodium Bicarbonate Market Size 2020 Manufacturers, Suppliers, Export Research Report and Forecast to 2024

Author : Ravi Chawat | Published Date : 2021-06-09 

Sodium Bicarbonate Market has recorded increasing returns over the recent years due to expansive use of the compound in manufacturing, food & beverages, agrochemical and various other industries. In the manufacturing sector a massive demand for sodium bicarbonate has been created due to its use as a soft abrasive blasting medium. Expanding demand for convenience foods has created a steady growth scope for sodium bicarbonate industry as well, reshaping the market outlook rapidly.

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By end-use sector, the product market is categorized into animal feed, food & beverage, industrial, pharmaceuticals, personal care and agrochemicals. Animal feed industry will hold a fair share of more than 20% in the product market, growing with a considerable rate by 2024. This is all due to its wide usage as an antacid to treat indigestion, heartburn and other applications.

Latin America sodium bicarbonate market will generate a revenue over USD 60 million by 2024 owing to rising industrialization, coupled with affordable raw material and production cost. Moreover, strict environmental regulations in the North American region is likely to affect changes in Latin American industrial ecosystem to curb emissi Chlorinated Paraffin Market son levels, which will increase the use of sodium bicarbonate for the treatment process of flue gas.

The expanding manufacturing sector has significantly supplemented sodium bicarbonate market trends. According to most recent data, manufacturers have been noted to contribute $2.38 trillion to the U.S. economy in the fourth quarter of 2018. Manufacturers in the U.S. perform 64 percent of all private-sector research and development in the country, bringing forth more innovation than any other sector. R&D in the manufacturing sector has risen from $132.5 billion in 2000 to $252.0 billion in 2017. Such actions not only have profound economic implications but are also slated to help the expansion of sodium bicarbonate market as increased manufacturing activities necessitate the use of the compound for abrasive blasting as well as for cleaning and maintenance of machinery.

The food industry is yet another major consumer that has added impetus to sodium bicarbonate market growth. Sodium bicarbonate is used as a leavening agent in most baked goods that include quick breads, cookies, cakes, rolls etc. Evolving lifestyles across the globe have left less time for cooking which in turn has added a significant stimulus to the demand for ready mix cakes.

Table Of Content For This Research Report:

Chapter 5. Sodium Bicarbonate Market, By End-user

5.1. Sodium bicarbonate market share by end-user, 2018 & 2024

5.2. Food & beverage

5.2.1. Market estimates and forecasts, 2013 - 2024

5.2.2. Market estimates and forecasts by region, 2013 – 2024

5.3. Industrial

5.3.1. sodium bicarbonate market estimates and forecasts, 2013 - 2024

5.3.2. Market estimates and forecasts by region, 2013 – 2024

5.4. Pharmaceutical

5.4.1. Market estimates and forecasts, 2013 - 2024

5.4.2. sodium bicarbonate market estimates and forecasts by region, 2013 – 2024

5.5. Personal care

5.5.1. Market estimates and forecasts, 2013 - 2024

5.5.2. Market estimates and forecasts by region, 2013 – 2024

5.6. Agrochemical

5.6.1. sodium bicarbonate market estimates and forecasts, 2013 - 2024

5.6.2. Market estimates and forecasts by region, 2013 – 2024

5.7. Animal feed

5.7.1. Market estimates and forecasts, 2013 - 2024

5.7.2. Market estimates and forecasts by region, 2013 – 2024

5.8. Others

5.8.1. sodium bicarbonate market estimates and forecasts, 2013 - 2024

5.8.2. Market estimates and forecasts by region, 2013 – 2024

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The product market is extensively fragmented and few of the dominant players include Solvay, Ciner Group, Tata Chemicals, Ciech Group, Natural Soda, and Church & Dwight Company.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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