An Incisive, In-depth Analysis on the Pharmaceutical Grade Sodium Carbonate Market
This study offers a comprehensive, 360 degree analysis on the Pharmaceutical Grade Sodium Carbonate market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Pharmaceutical Grade Sodium Carbonate market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Pharmaceutical grade sodium carbonate gaining high traction as an active pharmaceutical ingredient (API) in various drugs
The use of sodium carbonate, also referred to as soda ash, is slowly increasing due to increasing demand in various applications and shifting production economics. Increasing globalisation of soda ash industry is another aspect driving the change in the production economics. Moreover, the soda ash or sodium carbonate industry has witnessed increased adoption from countries in Asia Pacific such as China and India. It is the largest market offering several opportunities for players involved in this industry. In 2017, the global consumption of sodium carbonate touched a figure higher than 47 Mn MT owing to increased demand from end users, especially for glass products. Supply of sodium carbonate is largely concentrated in North America, Asia Pacific and Europe – more than 60% of the entire sodium carbonate production is from these three regions. According to this research study, the global pharmaceutical grade sodium carbonate market is expected to reach a significant market valuation by the end of the forecast period and projected to expand at a value CAGR of 2.8% throughout the period of assessment.
Pharmaceutical grade sodium carbonate to be used extensively to improve drug effectiveness
API is the chief ingredient in a drug and is biologically active. It is mainly responsible for the accelerating the effectiveness of the drug in curing diseases and related symptoms. Various players in pharmaceutical sector use sodium carbonate as APIs to enhance their drug abilities. For example, Boots Company uses sodium carbonate as an active pharmaceutical ingredient in its effervescent powder that is applied to treat stomach issues and headaches. The use of sodium carbonate as an API is increasing at an alarming rate. The application of sodium carbonate as an API (Active Pharmaceutical Ingredient) is expected to grow at the highest pace in the coming years. Also, the API application segment is estimated to be the largest presenting potential opportunities for growth. Apart form these, it is also used as a water softener and swimming pool chemical. It is expected to touch a value higher than US$ 23 Mn by the end of the period of forecast.
Personal care industry to showcase significant consumption of pharmaceutical grade sodium carbonate during the forecast period
Sodium carbonate is largely used in personal care sector, to carry out various chemical activities especially acid-base reactions, to manufacture various products. They are found in various personal care products such as toothpastes and are used as abrasives or foaming agents in toothpastes, which are used to increase the mouth pH value temporarily. Sodium carbonate is also used in hair colours. It breaks down oil and dirt from skin and hair and also supports in pH regulation. Several companies in the personal care industry use sodium carbonate. For instance, Proctor & Gamble Co. uses sodium carbonate in its hair colour for men whereas Church & Dwight Co. Inc., uses sodium carbonate in their tooth pastes. According to the research report, the consumption of sodium carbonate in personal care industry is expected to increase at a value CAGR of 2.4% during the forecast period.
Pharmaceutical grade sodium carbonate is also used in curing metabolic acidosis as well as treating blood circulation insufficiency. An equimolar mixture of sodium bicarbonate and sodium carbonate, referred to as carbicarb, is used in various applications. International Medication Systems, a prominent manufacturer of carbicarb, uses sodium carbonate on a large scale. These applications of sodium carbonate come under the others segment, which is comparatively smaller than other application segments and is projected to expand at a relatively slow rate in the coming years.
Future Market Insights’ recent research report covers all the vitals of the global pharmaceutical grade sodium carbonate market. Valuable market insights with respect to volume and value are included that reflect the revenue growth of the global market. The research study supports the reader in all angles by assisting him in chalking key decisions and strategic moves. The research report includes intelligence on supply chain analysis, pricing analysis as well as the pharmaceutical grade sodium carbonate market size and a Y-o-Y growth analysis. Various macroeconomic aspects are covered in this research study that influence the growth of the global pharmaceutical grade sodium carbonate market.
The research done on global pharmaceutical grade sodium carbonate process is based on a highly accurate research platform. The research process is a fool proof, exquisite methodology and comprehensive with the help of which valuable insights regarding various segments across various regions are drawn. The research process includes two extensive research platforms, namely, primary and secondary research. Secondary research is carried out to gain a high level intelligence of the market. The data collected from the secondary research is used in primary research to verify the credibility of the data. The data undergoes multiple levels of accuracy validations till the conclusion of the research. The final data pertaining to market segments reflects a near to 100 percent accuracy that portrays an accurate market scenario.
The comprehensive research report on global pharmaceutical grade sodium carbonate market provides valuable insights with in-depth analysis to the reader. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Future Market Insights aims at doing all the heavy lifting to support them in their research milestones and objectives by providing insights that can be actioned by the integral research team of the reader thus adding value to the reader from a strategic standpoint.
Detailed competitive assessment
The extensive research report on pharmaceutical grade sodium carbonate market covers detailed competitive analysis. A dedicated section on competitive scenario includes profiles of tier companies operating in the pharmaceutical grade sodium carbonate market. Various aspects such as SWOT analysis, key developments, innovations, product portfolio, company overview, product portfolio analysis, strategic overview, geographical reach, key personnel, etc., are covered in this section. The analysis of competition can give you adequate buffer to plan different tactics and gain edge over the competition in the coming years.
The research report on global pharmaceutical grade sodium carbonate market covers weighted market segmentation that includes every angle of the market.
There are several reasons for you to invest in the research report. The main facts supporting your decision are zero biasness in the research data collection, detailed and a comprehensive segmentation of the entire market, key trends and developments taking place in the market, statistical analysis with maximum accuracy, global market forecasts for a period of 10 years that give an idea about the future market situation based on the current and the past market scenarios thus assisting the reader in slating important strategies with a view to maintain the right tempo and overcome the challenges owing to the changing market dynamics and achieve competitive advantage.