Global Pharma Grade Sodium Bicarbonate Market: Overview
Sodium bicarbonate in common language is known as baking soda. Pharma grade sodium bicarbonate is generally used for systemic alkalizer, electrolyte replenishing, and in contemporary cleaning solutions as a pH buffering agent. The growing popularity of the global pharma grade sodium bicarbonate market is due to the increasing use of sodium bicarbonate in the pharmaceutical industry, especially in regions with a high population of geriatric people.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Pharma Grade Sodium Bicarbonate Market: Growth Factors
The major growth driver in the global pharma grade sodium bicarbonate market is the rise in the consumption of sodium bicarbonate by the pharmaceutical industry. The popularity of sodium bicarbonate can be attributed to the product’s utilization as an active pharmaceutical ingredient (API). It is also extensively used as an excipient for treating metabolic acidosis and hemodialysis, cardiac arrest, extracorporeal blood circulation, and uncontrolled diabetics, among another primary lactic acidosis of severe degree. In addition, there is an increase in the consumption of sodium-based medications all over the world, due to the growing geriatric population. API is expected to emerge as the dominant chief ingredient for drug formulations, as it enhances the capabilities of various drugs. Furthermore, the application of pharma grade sodium bicarbonate for hemodialysis is also projected to increase in the upcoming years. Thus, these are some of the factors that are fuelling the growth of the global market for pharma grade sodium bicarbonate.
Global Pharma Grade Sodium Bicarbonate Market: Segmentation
The global pharma grade sodium bicarbonate market can be divided based on application and grade. On the basis of application, the market for pharma grade sodium bicarbonate can be fragmented into excipients, toothpaste, tablet coating, hemodialysis, antacids, and active pharmaceutical ingredient (API), among others. The API segment is expected to dominate the market for pharma grade sodium bicarbonate in the upcoming years. This is due to its increasing use in producing effervescent tablets apart from being used as an agent to enhance drug capabilities. Based on grade, the pharma grade sodium bicarbonate market can be categorized into fine and coarse.
Global Pharma Grade Sodium Bicarbonate Market: Regional Analysis
Based on regions, the global market for pharma grade sodium bicarbonate can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The North American region is anticipated to dominate the pharma grade sodium bicarbonate market in the upcoming years. This is due to the development of the pharmaceutical sector in this region along with high adoption rates related to active pharmaceutical ingredients and increasing demand for excipients in the region. In the Asia Pacific region, the increasing geriatric population is anticipated to fuel the expansion of the pharmaceutical industry. This, in turn, will increase the consumption of active pharmaceutical ingredients and antacids, which will drive the demand for the market for pharma grade sodium bicarbonate in the upcoming years.
Global Pharma Grade Sodium Bicarbonate Market: Competitive Players
The key market players of the global market for pharma grade sodium bicarbonate include Novacarb, CIECH, Tronox Alkali Corporation, Tosoh Corporation, Jost Chemical Company, Tata Chemicals, Natural Soda, Church and Dwight, GHCL Ltd., and Solvay, among several others.
Global Pharma Grade Sodium Bicarbonate Market: Regional Segment Analysis
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