Pharmaceutical Grade Sodium Carbonate, a high-purity chemical, finds significant use in the pharmaceutical industry. Also known as soda ash, it acts as a buffering agent, pH adjuster, and excipient in various medications and drug formulations. Its stringent quality standards and precise composition ensure safe and reliable pharmaceutical products, making it a crucial ingredient in the healthcare sector.
A new research study titled “Pharmaceutical Grade Sodium Carbonate Market: Global Industry Analysis and Opportunity Assessment (2022-2028)” by Future Market Insights presents a extensive analysis on the pharmaceutical grade sodium carbonate market along with global trends and opportunities across various regions. The analysis also includes key driving factors as well as restraining aspects that impact the global market’s growth. This extensive market research report covers historical market scenario for pharmaceutical-grade sodium carbonate along with a forecast analysis for a period of 10 years.
According to Future Market Insights, the global pharmaceutical-grade sodium carbonate market is projected to rise at a value CAGR of 2.8% during the forecast period. In 2017 the global market was valued at around US$ 38 Mn and is estimated to touch a valuation more than US$ 50 Mn by the end of the assessment period.
Increase in the Consumption of Drugs to Treat Gastrointestinal Diseases Expected to Fuel the Demand for Pharmaceutical Grade Sodium Carbonate
Owing to unhealthy food habits, demographic changes, sleeping habits and changes in other daily activities, rate of gastrointestinal diseases has increased. According to World Gastroenterology Organization, about 35% to 40% of the world’s population is suffering from chronic or acute gastrointestinal diseases. Due to changes in diet and associated irregularities in food consumption, higher percentage of population is developing gastrointestinal disorders.
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This has spurred the consumption of antacids and other gastrointestinal drugs. Pharmaceutical grade sodium carbonate is largely used as an API in various antacids to treat gastrointestinal drugs. This has fuelled the consumption of the chemical at a global scale consequently fuelling the growth of the global pharmaceutical grade sodium carbonate market.
Key Companies Involved in the Global Pharmaceutical Grade Sodium Carbonate Market
Prominent players involved in the global pharmaceutical grade sodium carbonate market are concentrating on expanding their production capacity with a view to meet the increasing demand for pharmaceutical grade sodium carbonate at a global level from various end users for different applications. Solvay SA, Novacarb (Novacap Group), Dr. Paul Lohmann GmbH KG, CIECH S.A., Natural Soda LLC, Jost Chemical Co., Tianjin Chengyuan Chemical Co. Ltd., Weifang Hongyuan Chemical Co. Ltd., and Tronox Alkali Corporation are few of the major players operating in the global pharmaceutical grade sodium carbonate market. Analysis on these players is included in this research report, the scope of which covers financial data, product portfolio, expansion strategies and key developments and innovations.
Higher Price of Pharmaceutical Grade Sodium Carbonate to Hinder the Growth of the Global Market
The consumption of pharmaceutical grade sodium carbonate is limited to specialty, niche and certain high cost applications that require high levels of purity. Pharmaceutical grade sodium carbonate is manufactured using batch process to obtain high purity. Extreme caution is essential during the manufacturing process of pharmaceutical grade sodium carbonate coupled with low volume of production, the costs incurred in production are high as compared to regular grades of the chemical. This has resulted in increased pricing of pharmaceutical grade sodium carbonate which has a negative impact on the growth of the global market.
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Key Segments of Pharmaceutical Grade Sodium Carbonate Industry Survey
Pharmaceutical Grade Sodium Carbonate Market by Grade:
- Fine Pharmaceutical Grade Sodium Carbonate
- Coarse Pharmaceutical Grade Sodium Carbonate
Pharmaceutical Grade Sodium Carbonate Market by Application:
- Pharmaceutical Grade Sodium Carbonate for API
- Pharmaceutical Grade Sodium Carbonate for Pharma Excipients
- Pharmaceutical Grade Sodium Carbonate for Personal Care
- Others
Pharmaceutical Grade Sodium Carbonate Market by Region:
- North America Pharmaceutical Grade Sodium Carbonate Market
- Latin America Pharmaceutical Grade Sodium Carbonate Market
- Europe Pharmaceutical Grade Sodium Carbonate Market
- East Asia Pharmaceutical Grade Sodium Carbonate Market
- South Asia & Pacific Pharmaceutical Grade Sodium Carbonate Market
- Middle East & Africa (MEA) Pharmaceutical Grade Sodium Carbonate Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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