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Sodium Bicarbonate Prices Overview

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Market Overview

Quarterly Update on Global Sodium Bicarbonate Market

For the Quarter Ending December 2020

Asia

Since Asia Pacific Region is dominating region from manufacturing of Sodium bicarbonate, it witnessed incredible gains backed by its consistent increment in its usage after Covid-19 Outbreak. For the quarter ending December one of the largest players of Sodium Bicarbonate based in India, reported that it has witnessed a sharp increment in its imports. Although the local demand for countries like India and China remained in a stable to firm range, consistent increase in export demand from pharmaceutical sector provided a strong push in its market fundamentals. Consequently, Sodium Bicarbonate prices for the quarter ending December averaged at USD 280 per MT in India.

Europe

Demand for Sodium Bicarbonate in Europe remained in a stable to firm range buoyed by its consistent usage in pharmaceutical and healthcare sector. As in Europe, the packaged food material demand increased due the threat of new coronavirus which further enhanced the demand for Sodium Bicarbonate from food industry. In line with the slight upward push in the demand fundamentals for Sodium Bicarbonate in Europe its prices also increased marginally in the regional market.

North America

Sturdy demand from end-use industries like chemicals, pharmaceuticals, water treatment in Q4 as people remained highly aware for hygiene and cleanliness after buzz of resurgence of Coronavirus in several parts of Europe. Its demand is expected to stay strong supported by the government initiatives to increase the R&D activities in the region. The pharmaceutical companies contributed to the high demand of sodium bicarbonate in this region in Q4,2020.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Sodium Bicarbonate is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Sodium Bicarbonate market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Sodium Bicarbonate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Sodium Bicarbonate market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Sodium Bicarbonate market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Sodium Bicarbonate are analyzed and region-wise demand pattern is tracked.

About

Sodium Bicarbonate is commonly known as Baking Soda, with supreme replacement and alkalizing properties. The compound is a monosodium salt of carbonic acid which is a crystalline white solid. It is a rich source of carbon dioxide and is thus widely used as a vital ingredient in cakes, quick breads and soda bread and other fried and baked foods. It is also utilized as a dry chemical agent. Another prime use of Sodium Bicarbonate is in the medical sector, as sodium bicarbonate when get mixed with water can be used as an antacid to treat acid indigestion and heartburn. Besides, it is also used for removing paint and corrosion known as soda blasting. Commercially, Sodium Bicarbonate is produced by Solvay process where ammonia, sodium chloride and carbon dioxide is reacted with water.

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Sodium Bicarbonate Prices Overview