North America Sodium Bicarbonate Market Is Estimated To Be Valued At $455.3 Million By 2025: Grand View Research, Inc.
According to a report,“North America Sodium Bicarbonate Market Size, Share & Trends Analysis Report By Application (Animal Feed, Food, Chemicals, FGD, Pharma, Agriculture, Cleaning Products), And Segment Forecasts, 2018 – 2025” published by Grand View Research, Inc., The North America sodium bicarbonate market size is expected to reach USD 455.3 million by 2025, registering a 1.8% CAGR during the forecast period. Sodium bicarbonate is an inorganic chemical and has various end-use applications. It has wide applicability as an abrasive agent in soda blasting, which is used for removing surface coatings, and as a source of carbon dioxide in chemical manufacturing. It is also used to maintain the pH level of water and neutralizes its acidity.
Animal feed and food and beverages are the two most common application segments of sodium bicarbonate. The product is also used as a leavening agent in baking. Growing awareness in developing countries, such as India and China, regarding the impact of wastewater on human health is also expected to propel demand for wastewater treatment using sodium bicarbonate, which, in turn, is anticipated to drive product demand in future.
Key Takeaways from the report:
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The North America sodium bicarbonate market is anticipated to reach USD 455.3 million by 2025, registering a CAGR of 1.8% from 2018 to 2025, with demand stemming primarily from the animal feed industry
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U.S. is the dominant country in terms of market share in North America. It is projected to observe a CAGR of 2.3% over the coming years owing to growing demand in various end-use industries such as animal feed, food, chemicals, pharmaceuticals, and water treatment
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Some of the key players in the market are FMC Corporation; Tata Chemicals Limited; Tosoh Corporation; Solvay S.A.; Vitro; Church & Dwight Co., Inc.; Novacap Group; and Genesis Energy, LP.
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It is also used as a primary supplement in cattle and poultry feed and helps improve rumen performance and overall productivity of dairy cows. Moreover, it is fed to poultry as an alternative to salt, which helps in strengthening eggshells.
Adoption of mining solutions, coupled with availability of raw materials, has played a vital role in boosting the U.S. market. In North America, shortage of pharmaceutical grade sodium bicarbonate is projected to lead to increase in product price.
Grand View Research has segmented the North America sodium bicarbonate market on the basis of application and region:
North America Sodium Bicarbonate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
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Chemicals
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Agriculture
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Animal Feed
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Food
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Pharmaceuticals
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Cleaning Products
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Water Treatment
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Flue Gas Desulfurization
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Others
North America Sodium Bicarbonate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
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U.S.
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Canada
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Mexico
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
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