Pharma Grade Sodium Bicarbonate Market Size, Share, Growth Report 2032

Pharma Grade Sodium Bicarbonate Market

Pharma Grade Sodium Bicarbonate Market By Application (Excipients, Toothpaste, Tablet Coating, Hemodialysis, Antacids, Active Pharmaceutical Ingredient (API), And Others), By Grade (Fine and Coarse), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023–2030

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-3464 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 250.89 million USD 335.26 million 3.69% 2022

Pharma Grade Sodium Bicarbonate Market

Description

The global pharma grade sodium bicarbonate market size was worth around USD 250.89 million in 2022 and is predicted to grow to around USD 335.26 million by 2030 with a compound annual growth rate (CAGR) of roughly 3.69% between 2023 and 2030. According to recent market research, the rising demand for premium pharmaceutical components has been the primary factor driving the Pharma Grade Sodium Bicarbonate Market to continuous expansion. It is expected that the market size will continue to grow, with major players in the industry making a contribution to the overall share.

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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.

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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.

Pharma Grade Sodium Bicarbonate Market: Report Scope

Report Attributes Report Details
Report Name Pharma Grade Sodium Bicarbonate Market Research Report
Market Size in 2022 USD 250.89 million
Market Forecast in 2030 USD 335.26 million
Growth Rate CAGR of 3.69%
Number of Pages 214
Key Companies Covered Novacarb, CIECH, Tronox Alkali Corporation, Tosoh Corporation, Jost Chemical Company, Tata Chemicals, Natural Soda, Church and Dwight, GHCL Ltd., Solvay, Others
Segments Covered By Application, By Grade, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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

  • Novacarb
  • CIECH
  • Tronox Alkali Corporation
  • Tosoh Corporation
  • Jost Chemical Company
  • Tata Chemicals
  • Natural Soda
  • Church and Dwight
  • GHCL Ltd.
  • Solvay
  • Others

Global Pharma Grade Sodium Bicarbonate Market: Segment Analysis

By Application

  • Excipients
  • Toothpaste
  • Tablet Coating
  • Hemodialysis
  • Antacids
  • Active Pharmaceutical Ingredient (API)
  • Others

By Grade

  • Fine
  • Coarse

By Region

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

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FrequentlyAsked Questions

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 pharma grade sodium bicarbonate market accounted for USD 250.89 million in 2022 and is expected to reach USD 335.26 million by 2030.

The CAGR value of the pharma grade sodium bicarbonate market is expected to be around of 3.69% during 2023-2030.

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.

Some key players of the global pharma grade sodium bicarbonate market are Novacarb, CIECH, Tronox Alkali Corporation, Tosoh Corporation, Jost Chemical Company, Tata Chemicals, Natural Soda, Church and Dwight, GHCL Ltd., Solvay, Others

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