What is the global market size of Sodium Bicarbonate Market?

Sodium Bicarbonate Market size was valued at USD 1.35 billion in 2021 and is poised to grow from USD 1.42 billion in 2022 to USD 2.03 billion by 2030, at a CAGR of 5.2% during the forecast period (2023-2030).

Sodium Bicarbonate Market Size, Share, Growth Analysis, By Grade(Food, Pharmaceutical, Technical), By Form(Slurry, Crystal, Liquid), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2274 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 63 | Figures: 77

Sodium Bicarbonate Market Dynamics

Sodium Bicarbonate Market Drivers

Agriculture and Animal Feed

Sodium bicarbonate is used in agriculture as a pH regulator and soil amendment to enhance crop yields. It helps neutralize acidic soils and improves nutrient availability for plants. In animal feed, sodium bicarbonate is added to improve digestion, reduce acidosis in ruminants, and enhance feed efficiency.

Health and Personal Care Products

Sodium bicarbonate has various health and personal care applications. It is used as a natural remedy for minor skin irritations, insect bites, and sunburn. Sodium bicarbonate is also used in bath salts, foot soaks, and skin exfoliants due to its cleansing and soothing properties.

Sodium Bicarbonate Market Restraints

Substitutes and Alternatives

Sodium bicarbonate faces competition from substitute products and alternatives in various applications. For instance, alternative leavening agents may be used in food applications, and alternative pH regulators may be used in industrial processes. The availability of substitutes and alternatives can limit the growth potential of the sodium bicarbonate market.

Sodium Bicarbonate Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Sodium Bicarbonate Market size was valued at USD 1.42 billion in 2022 and is poised to grow from USD 1.49 billion in 2023 to USD 2.24 billion by 2031, at a CAGR of 5.2% during the forecast period (2024-2031).

The competitive landscape for the sodium bicarbonate market gives information by competitor. Included information includes a business overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance. 'Tata Chemicals Limited (India)', 'Solvay SA (Belgium)', 'Church & Dwight Co., Inc. (United States)', 'Novacap Group (France)', 'Ciech S.A. (Poland)', 'Tosoh Corporation (Japan)', 'Natural Soda LLC (United States)', 'FMC Corporation (United States)', 'Natrium Products Inc. (United States)', 'Tronox Limited (United States)', 'Eti Soda (Turkey)', 'Genesis Energy, L.P. (United States)', 'Yuhua Chemical Group Co., Ltd. (China)', 'Ciner Resources Corporation (United States)', 'Sisecam Group (Turkey)', 'Zhejiang Jiande Jianye Chemical Co., Ltd. (China)', 'Qingdao Soda Ash Industrial Co., Ltd. (China)', 'Tianjin Bohua Yongli Chemical Industry Co., Ltd. (China)', 'Searles Valley Minerals (United States)', 'Mid-Kansas Cooperative (United States)', 'DCW Limited (India)', 'Soda Sanayii A.S. (Turkey)'

Sodium bicarbonate is used in agriculture as a pH regulator and soil amendment to enhance crop yields. It helps neutralize acidic soils and improves nutrient availability for plants. In animal feed, sodium bicarbonate is added to improve digestion, reduce acidosis in ruminants, and enhance feed efficiency.

Growing Application Scope in Diverse Industries : Sodium bicarbonate is finding new applications in various industries beyond its traditional uses. For example, in the energy sector, sodium bicarbonate is being utilized in carbon capture and storage (CCS) technologies to reduce greenhouse gas emissions. Additionally, sodium bicarbonate is finding applications in the cosmetics industry, including natural deodorants, exfoliating scrubs, and hair care products. The expanding application scope in different sectors is driving the demand for sodium bicarbonate.

The North American market, which in turn accounts for 20% of the global market share. The dominance of North America in the sodium bicarbonate market can be attributed to the presence of major players in the region, such as Solvay, Church & Dwight, and Natural Soda. These players have a strong distribution network and a wide range of products, which helps them to cater to the needs of a large customer base.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Sodium Bicarbonate Market Size, Share, Growth Analysis, By Grade(Food, Pharmaceutical, Technical), By Form(Slurry, Crystal, Liquid), By Region - Industry Forecast 2024-2031

Sodium Bicarbonate Market Dynamics

Sodium Bicarbonate Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Sodium Bicarbonate Market?

Who are the key vendors in the Sodium Bicarbonate Market?

What is the key driver of Sodium Bicarbonate Market?

What is the key market trend for Sodium Bicarbonate Market?

Which region accounted for the largest share in Sodium Bicarbonate Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300