Global Sodium Bicarbonate Market 2017-2021
About Sodium Bicarbonate
Sodium bicarbonate is a salt comprising sodium and bicarbonate ions. It has the chemical formula NaHCO3. The most common form of sodium bicarbonate is baking soda, which is found in most households. Baking soda is used for baking bread, cookies, and pancakes. Baking soda acts as a leavening agent; it reacts with the acidic components of food and CO2 is released, which results in the rising of the batter. Sodium bicarbonate is prepared by a reaction between sodium chloride, CO2, and ammonia in water.
Technavio’s analysts forecast the global sodium bicarbonate market to grow at a CAGR of 1.30% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sodium bicarbonate market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sodium Bicarbonate Market 2017-2021
Technavio recognizes the following companies as the key players in the global sodium bicarbonate market: Asahi Glass, Church & Dwight, Novacap, Solvay, and Tata Chemicals.
Other Prominent Vendors in the market are: ABI Chem, Blue Bird Foods, Ciech, FMC Corporation, Haohua Honghe Chemical, Natural Soda, Tokuyama Corporation, Tosh Corporation, and Vitro.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing use of baking soda as a deodorizing agent. Baking soda helps neutralize the acidity. This characteristic helps sodium bicarbonate absorb odor and act like a deodorant. It is a natural product that helps improve the pH level in the body. Baking soda or sodium bicarbonate is free of chemical additives, which are usually found in products that are synthetically produced.”
According to the report, one driver in the market is health benefits of using sodium bicarbonate as baking soda. There are many health benefits associated with baking soda. The daily food that consists of meat, grains, sugar, dairy products, and fish make the body acidic. This causes health problems like arthritis. The body tries to counter these issues by holding the alkaline salts to balance the tissue acidity. This can lead to heartburn, stomach upset, and digestive disorders, which can be easily be treated with baking soda. When baking soda is ingested with water, it reduces the acidity due to its alkaline nature.
Further, the report states that one challenge in the market is threat of substitutes. Sodium acetate is a substitute for sodium bicarbonate. The compatibility of sodium acetate to sodium bicarbonate is high because it improves the low blood pH in case of metabolic acidosis. Sodium acetate also has fewer side effects than sodium bicarbonate when it is used to treat uremic acidosis. Sodium acetate is used in the treatment of diarrhea and hyperchloremic acidosis, which happens in trauma patients. Sodium acetate is inexpensive, safe, and stable when compared to sodium bicarbonate.
Asahi Glass, Church & Dwight, Novacap, Solvay, and Tata Chemicals, ABI Chem, Blue Bird Foods, Ciech, FMC Corporation, Haohua Honghe Chemical, Natural Soda, Tokuyama Corporation, Tosh Corporation, and Vitro.
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