A new research study titled “Pharmaceutical Grade Sodium Carbonate Market: Global Industry Analysis and Opportunity Assessment (2022 to 2028)” by Future Market Insights presents an extensive analysis of the pharmaceutical grade sodium carbonate industry 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 the 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 2.5% during the forecast period. In 2017 the global market was valued at around US$ 44.1 million and is estimated to touch a valuation of more than US$ 51 million 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, the rate of gastrointestinal diseases has increased. According to the 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, a higher percentage of the 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. A few of the major players operating in the global pharmaceutical grade sodium carbonate market are
- 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.
- Tronox Alkali Corporation
Analysis of 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
By Grade:
- Fine Pharmaceutical Grade Sodium Carbonate
- Coarse Pharmaceutical Grade Sodium Carbonate
By Application:
- Pharmaceutical Grade Sodium Carbonate for API
- Pharmaceutical Grade Sodium Carbonate for Pharma Excipients
- Pharmaceutical Grade Sodium Carbonate for Personal Care
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
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