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The Global Sodium Bicarbonate market is forecast to reach USD 1.96 Billion by 2027, according to a new report by Reports and Data. The monosodium salt of carbonic acid with an electrolyte replacement and alkalinizing properties may be referred to as Sodium Bicarbonate.
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Sodium Bicarbonate Market To Reach USD 1.96 Billion By 2027 www.reportsanddata.com
Market Summary Market Size – USD 1.34 Billion in 2018, Market Growth - CAGR of 4.3%, Market Trends – The elevating use of Sodium Bicarbonate in agrochemical The Global Sodium Bicarbonate Market is forecast to reach USD 1.96 Billion by 2027, according to a new report by Reports and Data. The monosodium salt of carbonic acid with an electrolyte replacement and alkalinizing properties may be referred to as Sodium Bicarbonate. Further key findings from the report suggest The Sodium Bicarbonate market held a market share of USD 1.34 Billion in the year 2018 that is forecasted to grow at a rate of 4.3% during the forecast period. In context to Form, the Slurry segment is projected to witness a significant growth rate of 5.0% during the forecast period, which is expected to hold 17.0% of the market by 2027. The growth rate witnessed by the Slurry segment is attributed to the continuous expansion of the pharmaceutical sector and associated elevating demand for sodium hydrogen carbonate in pharmaceuticals and in various industrial applications like in abrasives cleaning part that requires the chemical compound in slurry form. In context to Grade, the Pharmaceutical Grade segment is projected to witness the fastest growth rate of 5.2% during the forecast period, which is expected to occupy 13.0% of the market by 2027. The growth rate witnessed by the Pharmaceutical Grade segment is attributed to the alkaline nature of the compound due to which, it is used in antacid group of medicines to treat heartburn, acid indigestion, among others, contributing to the growth rate witnessed by this segment. Pharmaceutical grade sodium hydrogen carbonate is also used in treating symptoms of duodenal or stomach ulcers. • • www.reportsanddata.com •
Market Summary Key Players: S.A.B. de C.V., Vitro, Solvay Specialty Polymers USA, LLC, Tosoh Corporation, Natural Soda, LLC, Tata Chemicals Limited, Crystal Mark, Inc, Opta Minerals Inc, Haohua Honghe Chemical Co. Ltd., and FMC Corporation, others Segmentation: Form Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) • Powder • Slurry • Liquid • Crystals Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) • Animal feed • Agrochemical • Pharmaceutical • Food & beverage • Industrial • Personal care • Others www.reportsanddata.com Ask for Sample Report at: https://www.reportsanddata.com/sample-enquiry-form/2655
Market Summary Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) • Industrial Grade • Feed Grade • Pharmaceutical Grade • Food Grade • Others Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027) • North America • U.S • Europe • U.K • France • Asia Pacific • China • Japan • MEA • Latin America • Brazil www.reportsanddata.com Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2655
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
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