Pune, India -- (SBWIRE) -- 06/19/2017 -- Market Highlights
Sodium Bicarbonate is also known as baking soda with molecular formula (Na2CO3). Sodium Bicarbonate is found in white powder as well as crystals, and is odourless alkali chemical.
Sodium Bicarbonate is used as food additive and soap & detergent in many household and industrial activities. It is additive in food industry such as baking soda. Thus, growing soaps & detergents in household activities is driving the demand for global sodium bicarbonate market. Bicarbonate market owing to increase in production of various chemical.
Sodium bicarbonate used in many industry such as pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others.
The major driving factors of sodium bicarbonate market are growing demand from personal and home care products and food products and emerging economies in the North America and Europe. In addition, the increasing demand from the detergent and soap industry is expected to fuel market growth of sodium bicarbonate in near future.
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Regional analysis:
The Asia-Pacific Sodium Bicarbonate market is expected to grow due to growing application industry such as medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent, and others. China consumes and produces largest market share in global sodium bicarbonate market. The report estimates the size of the Sodium Bicarbonate market, both in terms of volume and value. Other regions like India, Indonesia and Japan are expected to drive the demand owing to lenient regulations by government in setting up industries and producing large amounts of products to meet growing population demand. North America witnessed a positive growth of global sodium bicarbonate market demand due to demand in soaps & detergents, food & beverages followed by Europe and other regions.
Key Players
-Tata Chemicals Ltd. (India)
-Solvay S.A. Chemicals Company (Europe)
-Church & Dwight, Inc. (USA)
-FMC Corporation. (US)
-Blue Bird Foods India Pvt. Ltd. (India)
-Tosoh Corporation (japan)
-Asahi glass co. ltd (Japan)
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Segmentation:
The global sodium bicarbonate market is majorly segmented on the basis of application, end users and region. Based on application of sodium bicarbonate the market is segmented into medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent, and others. Based on end user the market segmented into pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others.
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