Pharma Grade Sodium Bicarbonate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3464 | Report Format : | Status : Upcoming |

Abstract

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.

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

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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