Pharma Grade Sodium Bicarbonate Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Pharma Grade Sodium Bicarbonate Market grew at a CAGR of 4.1% between 2017-2021 and is estimated to be US$ 291.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.7% and is expected to reach a valuation of US$ 461.6Mn by 2032 end.
One major element driving up sales in this market is the expanding use of generic sodium bicarbonate in topical cleaning solutions and systemic alkalizer syrups. It is also used as a pH buffering agent for replacing electrolytes.
Everywhere in the world, soda bicarbonate in pharmaceutical products has increased dramatically. It is widely utilized in this business as an excipient and an Active Pharmaceutical Ingredient (API) to treat conditions like metabolic acidosis, primary lactic acidosis, extracorporeal blood circulation, uncontrolled diabetes, and cardiac arrest.
THE USAGE OF SODIUM BICARBONATE POWDER IN TOOTHPASTE BOLSTERS THE MARKET
It is predicted that shortly, there will be an increase in the prevalence of several autoimmune disorders, including type 2 diabetes, rheumatoid arthritis, irritable bowel syndrome, atherosclerosis, and cardiovascular disease. Patients taking these drugs might aid in triggering an anti-inflammatory pathway and preventing autoimmune disorders.
Generic sodium bicarbonate is probably used as an ingredient by several personal care product manufacturers operating on a global scale to make toothpaste. In addition to speeding up, teeth whitening helps prevent gum disorders, cavities, and tooth decay. WHO estimates that almost 3.5 billion individuals worldwide suffer from oral disorders, with untreated tooth decay being the most prevalent illness affecting permanent teeth. During the forecast period, it is predicted that these factors will increase demand for sodium bicarbonate powder.
THE GROWING APPLICATION LANDSCAPE OF PHARMA GRADE SODIUM BICARBONATE MARKET MAY BRING IMMENSE GROWTH OPPORTUNITIES
The market for pharmaceutical-grade sodium bicarbonate is expanding, which may present tremendous potential opportunities. Some important uses of pharma-grade sodium bicarbonate include excipients, antacids, tablet coating, hemodialysis, API, toothpaste, and others. They come in fine and coarse grades.
The API market is predicted to keep a prominent position in terms of application. The development of effervescent pills and pharmaceutical-grade sodium bicarbonate as a manufacturing step are both common uses. The pharma-grade sodium bicarbonate market may benefit from these factors as growth catalysts.
Market Segments Covered in Report
By Region and Country:
Which is the leading application segment in the pharma-grade sodium bicarbonate market?
According to the application, the API sector is projected to hold around 32.5% of the global market for pharmaceutical-grade sodium bicarbonate. The increased use of APIs as an intermediary in producing numerous pharmaceutical medicines is responsible for this expansion.
Many businesses plan to use APIs in the manufacturing of effervescent tablets. Sales of soda bicarbonate are anticipated to increase due to the rising demand for performance-enhancing pharmaceuticals in both emerging and industrialized nations. Another important element that is expected to encourage the use of APIs is the urgent demand for small molecules, which are seen to be an essential component of prescription medications for secondary therapy prescribed by specialists.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The main market participants for pharmaceutical-grade sodium bicarbonate are concentrating on introducing novel injection-based products for the global medical sector. To meet the increased demand from customers, they are also participating in partnerships, mergers, acquisitions, and joint ventures to market their products in different healthcare facilities. While this is going on, some other businesses are working diligently to introduce cutting-edge sodium bicarbonate treatments for various illnesses.
The key developments in the Global Pharma Grade Sodium Bicarbonate Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Application, Grade, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.7%.
The usage of sodium bicarbonate powder in toothpaste bolsters the market.
Major global Pharma Grade Sodium Bicarbonate Market players are Solvay SA, Tata Chemicals, Novacarb (Novacap Group), Dr. Paul Lohmann GmbH KG, GHCL Limited, CIECH S.A., Natural Soda LLC, Jost Chemical Co., Tronox Alkali Corporation.
Asia Pacific Region is expected to account for the largest market revenue share in the Global Pharma Grade Sodium Bicarbonate market.
Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.Speak to Analyst