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 2022 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.
Thanks to unhealthy food behavior, demographic changes, sound asleep behavior and changes in different each day activities, price of gastrointestinal sicknesses has extended. According to international gastroenterology agency, approximately 35% to 40% of the sector’s populace is stricken by persistent or acute gastrointestinal sicknesses. Due to modifications in weight-reduction plan and related irregularities in food intake, higher percentage of population is growing gastrointestinal issues. This has spurred the intake of antacids and other gastrointestinal pills. Pharmaceutical grade sodium carbonate is largely used as an api in diverse antacids to treat gastrointestinal tablets. This has fuelled the consumption of the chemical at a global scale therefore fuelling the boom of the worldwide pharmaceutical grade sodium carbonate market.
The consumption of pharmaceutical grade sodium carbonate is constrained to distinctiveness, niche and sure high value programs that require high stages of purity. Pharmaceutical grade sodium carbonate is manufactured using batch technique to obtain excessive purity. Excessive caution is critical in the course of the manufacturing procedure of pharmaceutical grade sodium carbonate coupled with low volume of manufacturing, the expenses incurred in manufacturing are excessive in comparison to everyday grades of the chemical. This has resulted in accelerated pricing of pharmaceutical grade sodium carbonate which has a poor effect at the growth of the global market.
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.
Key Questions Answered in the Report
• What is the expected pharmaceutical grade sodium carbonate market revenue for 2022?
• Which pharmaceutical grade sodium carbonate application holds the highest market share?
• At what pace is the global market for pharmaceutical grade sodium carbonate estimated to grow?
• What is the estimated net worth for pharmaceutical grade sodium carbonate market by 2028?
• What was the market growth rate from 2013 to 2021?