Pharmaceuticals Grade Sodium Bicarbonate Market

Pharmaceuticals Grade Sodium Bicarbonate Market: Western Europe to Closely Trail North America in Consumption: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)

  • 2018-03-19
  • REP-GB-6459
  • 207 pages
  • PDF PPT EXCEL
Pharmaceuticals Grade Sodium Bicarbonate Market

An Incisive, In-depth Analysis on the Pharmaceuticals Grade Sodium Bicarbonate Market

This study offers a comprehensive, 360 degree analysis on the Pharmaceuticals Grade Sodium Bicarbonate market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Pharmaceuticals Grade Sodium Bicarbonate 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.

The growing consumption of sodium based medicines across the globe and its expanding production in the pharmaceutical industry has triggered the demand for pharmaceuticals grade sodium bicarbonate. It is used in antacids and is also an active pharmaceutical ingredient. Antacids contain various ingredients, such as aluminium hydroxide, calcium carbonate, magnesium hydroxide and sodium bicarbonate alone or in various combinations. Antacids may also contain other ingredients. On the other hand, sodium bicarbonate is used as an active pharmaceutical ingredient in medication and is employed for the treatment of heartburn and acid indigestion. As a result, regions with a high geriatric population are the leading users of pharmaceuticals grade sodium bicarbonate.

North America leading with high consumption of API

It has been projected that North America will lead the global pharmaceuticals grade sodium bicarbonate market owing to the high use of API in the region. The use of excipients and antacids is also expected to bode well for the growth of the market in the region. The high use of antacids in the region will trigger the demand for pharmaceuticals grade sodium bicarbonate over the forecast period. The growing consumption of the aforesaid medicines can be attributed to the changing and hectic lifestyle of the people and the growing culture of fast food in the region. Antacids are used to relieve acid ingestion, treat an upset or sour stomach and heart burn. Antacids are taken via mouth and it works by neutralising the excess of stomach acid. Antacids contain various ingredients such as aluminium hydroxide, calcium carbonate, magnesium hydroxide and sodium bicarbonate alone or in various combinations. Antacids may also contain other ingredients. Antacids differ from the other medicines in how quickly they work and for how long they provide relief. Those that rapidly dissolve in the stomach, such as magnesium hydroxide & sodium bicarbonate bring fast relief.

On the other hand, an active pharmaceutical ingredient is any substance or a combination of substances used in a finished pharmaceutical product. These ingredients have a direct effect on the diagnosis, treatment and prevention of an ailment and modify the physiological function in human beings.

Asia Pacific excluding Japan to take the third position in the global market owing to a high geriatric population

By the end of 2050, Asia will be the leading region in terms of the percentage of geriatric population in the world. Aging population continues to contribute to the shift in healthcare requirements and responses. The propensity of usual gastronomical diseases due to either the absence of stomach acid or less production of the same increases among people with old age and requires an efficient digestive system. As Asia Pacific will witness a substantial growth in the geriatric population over the course of the forecast period, the consumption of antacids and API will also rise substantially in the region. As a result, the demand for pharmaceuticals grade sodium bicarbonate is expected to rise in the coming years in the region. Moreover, the expanding pharmaceuticals industry is also anticipated to bode well for the global pharmaceuticals grade sodium bicarbonate in the long run.

Global Chemicals and Materials Industry Outlook

Recycle and reuse practices are impacting the sales of virgin materials, resulting into lesser dependency on volume-driven growth. New materials are showcasing potential for driving value-based growth, but chemical companies are still some time away from achieving voluminous production, while maintaining high quality at the same time. Barring few exceptions, a majority of players are still prioritizing short-term volume growth over long-term value growth. Pressure on improving bottom-line is influencing manufacturers to improve efficiency and reduce operational costs. The impact of value-driven growth may not be visible in the short-term, but long-term outlook remains in favor of a balanced approach between value and volume.

Manufacturers are under increasing pressure to incorporate digital solutions in their offerings. Forward-thinking manufacturers are investing in technology to reduce human interference and streamline key operational aspects such as ordering and shipping. Resonating its influence over every industry, Internet of Things (IoT) has the potential to transform and disrupt the chemical sector. Connectivity through IoT devices is gaining traction, whereas product-level sensors on dispensing equipment and barrels are helping manufacturers track their consignments digitally. Through assessment of long-term benefits, chemical companies are capitalizing on digitization by adopting digital platforms & processes that eliminate human error in profit-associated operations.

Manufacturers continue seeking low-priced feedstock in a bid to marginally reduce pre-production costs. Industry leaders are joining forces to replace fossil fuel-derived feedstock with bio-based alternatives. However, concerns related to producing affordable and sustainable feedstock at mass scale remains a challenge. Access to quality and affordable feedstock will continue to remain a focus area for manufacturers. Chemical manufacturing processes are running on limited energy, while volume of feedstock is getting stranded at ports as disapproval from import authorities keeps disrupting supply chains in sectors, such as oleochemicals and petrochemicals industries.

Chemical manufacturers have promised support and adherence to governments & regional authorities that are committing towards green, sustainable initiatives. Development of bio-alternatives is gaining momentum. Research & academic institutes are teaming up with manufacturers to formulate sustainable substitutes for commonly-used chemical substrates. Many companies are keeping a close eye on advancements in “green chemistry.” Shift towards eco-friendly chemicals will gain momentum in the future on the back of government regulations and end-user preference. Rising costs of fossil fuels will also instrument the upsurge for sustainable chemicals manufacturing.

List of factors tracked in the chemicals and materials market report

  • Chemical Industry Value Add

  • Chemical Sales

  • Per Capita Consumption

  • Standard Capacity Factors

  • Plastics Consumption Outlook

  • Glass Consumption Outlook

  • Policies and Regulations

  • Historical growth of top players

  • Growth in associated markets

  • Net trade scenario

  • Apparent production capacity

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI gathers data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Target Audience

  • Production Companies

  • Suppliers

  • Channel Partners

  • Marketing Authorities

  • Subject Matter Experts

  • Research Institutions

  • Financial Institutions

  • Market Consultants

  • Government Authorities

Market Taxonomy

Application

Grade

Region

  • Antacids
  • Hemodialysis

  • Tablet Coating

  • API

  • Excipients

  • Toothpaste

  • Others

  • Fine

  • Coarse

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • India

  • Japan

  • Middle East & Africa

Pharmaceuticals Grade Sodium Bicarbonate Market Reports - Table of Contents

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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