The global pharmaceutical grade sodium carbonate market is estimated to be USD 46.7 million in 2024 and is projected to surpass USD 61.4 million by 2034, expanding at a CAGR of 2.8%.
A new research study titled “Pharmaceutical Grade Sodium Carbonate Market: Global Industry Analysis and Opportunity Assessment (2024 to 2034)” by Future Market Insights presents an extensive analysis of the 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.
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 Market Report
By Grade:
As per grade, the industry has been bifurcated into fine pharmaceutical grade sodium carbonate and coarse pharmaceutical grade sodium carbonate.
By Application:
Pharmaceutical grade sodium carbonates find application as API, for pharma excipients, personal care, and others.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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