Wide Array of Benefits to Boost the Sales of Pharmaceuticals Grade Sodium Bicarbonate in the Coming Years
Future Market Insights (FMI) has published a new research report on the pharmaceuticals grade sodium bicarbonate market. The report has been titled “Pharmaceuticals Grade Sodium Bicarbonate Market: Global and India Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” In the pharmaceuticals industry, sodium bicarbonate is basically used as an active pharmaceutical component and excipient. It is fundamentally employed for treating hemodialysis, cardiac arrest, extracorporeal circulation of blood, circulatory insufficiency because of shock or severe dehydration, uncontrolled diabetics, and metabolic acidosis. Sodium bicarbonate also acts as an antacid in medicines and can also be employed for maintaining the pH level of the blood and control the level of acidity in the blood during hemodialysis.
Pharmaceuticals Grade Sodium Bicarbonate Market
Recycle and reuse practices are impacting the sales of virgin materials, resulting into le...
In order to cater to the growing needs of the pharmaceuticals industry, the companies operating in the market are coming up with new strategies. For instance, In January 2018, Solvay SA inaugurated its new energy-efficient gas turbine at its soda ash plant in Rosignano, Italy, securing the plant’s current production capacity and long-term competitiveness in local and export markets. Following this other companies also pulled up their socks in order to stay competent in the market. Some of the other companies operating in the market are Novacap Group, Tata Chemical limited, Ciech SA, Natural Soda LLC, Jost Chemical Co., and Tronox Alkali Corporation.
According to the report, the global market for pharmaceuticals grade sodium bicarbonate is expected to witness a CAGR of 3.2% from 2017 to 2027. The market was worth US$ 160.4 Mn in 2017 and is expected to reach a valuation of US$ 220.3 Mn by the end of 2027.
Demographic Changes to Act as Growth Booster for the Global Market
Globalisation, demographic changes, and population growth have not only contributed to the pharmaceuticals industry growth, but also have led to the rising standards of healthcare services across the globe. The expansion of government health programmes, especially in developing countries, is further boosting the overall healthcare and pharmaceutical spending in various regions. In a broader perspective, a shift in day-today activities, eating habits, disease patterns with respect to age, etc. are estimated to remain key factors leading to increased demand for pharma and medical services.
Availability of Substitutes to Pose a Threat to Market Development
Sodium bicarbonate has various substitutes for pharmaceutical applications, such as calcium carbonate, calcium chloride, etc. Calcium carbonate occurs in nature as limestone, chalk, marble, calcite, seashells, corals, etc. Although calcium carbonate is a soluble alkali, tests prove that sodium bicarbonate is a stronger base than calcium carbonate. The sodium bicarbonate salt is relatively cheap and high consumption of sodium source compounds can cause renal diseases and may also increase heart pressure, which can lead to heart failure or stroke. Calcium carbonate is more effective and safe than sodium bicarbonate and is the first line of medication for heartburn. Calcium carbonate works in seconds and is readily available over the counter. Calcium chloride has minimal side effects and is available in chewable form.
To know more about the dynamics of the global pharmaceuticals grade sodium bicarbonate market, write to the analysts at firstname.lastname@example.org
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The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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