Sodium Bicarbonate Market

Sodium bicarbonate market: get the most recent data enhanced by an Ai-driven BI tool. Data provide market size, market prices, trade, consumption, companies, production, imports, and exports. Here is a split by country, including Latin America, Africa, Russia, China, EU, the U.K., the Middle East, and the U.S. Market insights and outlook to 2030 are also provided in the snapshots.

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Sodium Bicarbonate - World's Largest Markets

In value terms, the United States, China and India constituted the countries with the highest levels of market value in 2020, together accounting for 39% of the global market. These countries were followed by Japan, Brazil, Pakistan, Germany, France, Russia, Italy, Mexico, South Korea and Turkey, which together accounted for a further 35%.

Italy recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while sodium bicarbonate market for the other global leaders experienced more modest paces of growth.

Sodium Bicarbonate Prices

Sodium Bicarbonate - Top Importers

In value terms, the largest sodium bicarbonate importing markets worldwide were France ($69M), South Korea ($55M) and Germany ($46M), with a combined 18% share of global imports. These countries were followed by Belgium, Canada, the Netherlands, Italy, China, Indonesia, Spain, Russia, Vietnam and Thailand, which together accounted for a further 31%.

Russia (+213.4% per year) recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Sodium Bicarbonate - Top Exporters

In value terms, the largest sodium bicarbonate supplying countries worldwide were China ($123M), Germany ($114M) and Turkey ($105M), together accounting for 44% of global exports. The United States, Spain, France, Belgium, the UK, Russia, Bosnia and Herzegovina and Thailand lagged somewhat behind, together accounting for a further 42%.

Among the main exporting countries, Belgium (+122.4% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Sodium Bicarbonate - Market Forecast

Driven by increasing demand for sodium bicarbonate worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Sodium Bicarbonate - Top Companies

WESFARMERS CHEMICALS, ENERGY & FERTILISERS LIMITED, Solvay SA, Hanwha Chemical Corporation, Hubei Biocause Pharmaceutical Co., Ltd., E A JUFFALI & BROTHERS CO.,LTD, Xinjiang Zhongtai Chemical Co., Ltd., Olin Corporation, Celanese Corporation, TOTAL PETROCHEMICALS FRANCE, North Huajin Chemicals Industries Group Co., Ltd., Rohm and Haas Company, VERSALIS SPA, Avantor, Inc., Icl-Ip America Inc., LANXESS Deutschland GmbH, Israni Colour Chemicals Llc, Beijing Sanju Environmental Protection & New Materials Co., Ltd., Axiall Corporation, ARKEMA FRANCE, Tangshan Sanyou Chemical Industries Co., Ltd.

Sodium Bicarbonate - Product Coverage

• HS 283630 - Carbonates; sodium hydrogencarbonate (sodium bicarbonate)