Sodium bicarbonate is a white, crystalline powder with the chemical formula NaHCO3. It is a salt composed of a sodium cation (Na+) and a bicarbonate anion (HCO3−). This product has different applications in various industries. It is used in detergents, chemical industry, surface treatment, etc.
The global Sodium bicarbonate market is segmented by form (slurry, crystal, liquid), application (food, personal care, pharmaceuticals, flue gas treatment, detergents, chemicals, and others), and by geography (North America, Europe, Asia-Pacific, South America, the Middle East and Africa). China is the major producer and consumer of sodium bicarbonate. Due to rapid urbanization, food industry is expected to boost global sodium bicarbonate market.
Sodium bicarbonate specifications
Sodium bicarbonate(also known as baking soda or bicarbonate of soda) is a sodium salt of carbonic acid. It decomposes to sodium and bicarbonate in water. This makes the solution alkaline. Sodium bicarbonate is produced industrially by Solvay method. Some characteristics of ArChem Sodium bicarbonate include:
Sodium bicarbonate specifications | |
CAS No. | 144-55-8 |
HS Code | 283630 |
Packaging | Bag |
Sodium bicarbonate market
The global Sodium bicarbonate market size was valued at USD 1.42 billion in 2022 and is expected to reach USD 2.24 billion in 2031, with a CAGR of 5.2% during 2022 to 2031. The increasing applications in industries such as pharmaceuticals, the food industry, and wastewater treatment are driving the market growth.
Asia Pacific is the largest consumer of the sodium bicarbonate in the global market due to the growing demand for sodium carbonate, in growing economies like China.
Sodium bicarbonate market, by application
Based on application, the Sodium bicarbonate market has been segmented into:
- Food
- Personal care
- Pharmaceuticals
- Flue gas treatment
- Detergents
- Chemicals
- Others
Food industry accounted for the largest market share in 2022 and is expected to continue its dominance during the forecast period. Plus, the pharmaceutical segment is another application that has contributed the most in recent years and it is expected that the same trend will exist during 2022 to 2031.
Sodium bicarbonate market, by form
Based on form, the Sodium bicarbonate market has been segmented into:
- Slurry
- Crystal
- Liquid
- Powder
The crystal segment holds the largest share in the global sodium bicarbonate market as it acts as a multifunctional ingredient. However, the slurry segment is likely to be the fastest-growing segment in the global sodium bicarbonate market due to its growing applications in different sectors.
Sodium bicarbonate market, by region
Based on region, the Sodium bicarbonate market has been segmented into:
- Asia-Pacific
- North America
- Europe
- South America
- The Middle East
- Africa
Asia Pacific is the largest consumer of the sodium bicarbonate in the global market due to the growing demand for sodium carbonate in growing economies like China. North America is the fastest-growing region in the global sodium bicarbonate market due to the high demand for this product in the region.
Sodium bicarbonate market drivers
The growing pharmaceutical and chemical industry, as well as the growth in the food industry, are the most important factors increasing demand for Sodium bicarbonate in the global market.
Plus, the sodium bicarbonate market is witnessing high demand from agriculture. Increasing usage of sodium bicarbonate in pesticides and insecticides has influenced the market.
Sodium bicarbonate market opportunities
The global Sodium bicarbonate market is anticipated to rise during the forecast period (2022 – 2031). This market is expected to be driven in the food & beverage industry. The increasing global population is expected to drive growth in the food industry especially with the rising demand for packaged food in the market.
FAQ
What is the Sodium bicarbonate Market size?
The global Sodium bicarbonate market size was valued at USD 1.42 billion in 2022 and is expected to reach USD 2.24 billion in 2031, with a CAGR of 5.2% during 2022 to 2031. The increasing applications in industries such as pharmaceuticals, the food industry, and wastewater treatment are driving the market growth.
What is the fastest growing region in Sodium bicarbonate market?
Asia Pacific is anticipated to hold the largest share of the global sodium bicarbonate market in the forecast period (2022-2031).
What is Sodium bicarbonate?
Sodium bicarbonate is a white, crystalline powder with the chemical formula NaHCO3. It is a salt composed of a sodium cation (Na+) and a bicarbonate anion (HCO3−). Sodium bicarbonate has different applications in various industries like food industry, chemical industry, and detergent production.
What is the CAS number of Sodium bicarbonate?
The CAS number of Sodium bicarbonate is 144-55-8.