Sodium Bicarbonate Market Insights 2026, Analysis and Forecast to 2031
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Introduction
The sodium bicarbonate market, encompassing the production and global distribution of this versatile inorganic chemical also known as baking soda, supports a wide array of industries through its roles in buffering, leavening, and neutralizing processes. Derived primarily from sodium carbonate via methods such as double decomposition, synthesis, or natural alkali extraction, sodium bicarbonate is integral to food and beverage processing for leavening baked goods and effervescent drinks, animal feed formulations to aid digestion and pH balance, pharmaceutical applications in antacids and dialysis solutions, desulfurization (DeSOx) for emission control in power plants, textile dyeing as a pH regulator, and rubber manufacturing as a blowing agent for foam production. The industry draws on upstream soda ash resources, with production processes tailored to achieve food-grade or industrial purity levels, often involving carbon dioxide reaction with sodium carbonate solutions to precipitate the compound. Global demand is propelled by expanding food industries in urbanizing regions, stringent environmental regulations requiring cleaner industrial operations, and healthcare advancements necessitating reliable pharmaceutical intermediates. The market's ecosystem includes integrated producers leveraging natural trona deposits for cost-effective output alongside synthetic manufacturers optimizing energy-intensive processes. As sustainability becomes a core focus, the sodium bicarbonate industry evolves with innovations in low-emission production and recycling of by-products, enhancing its utility in eco-friendly applications like flue gas treatment. Key growth factors include rising consumer preferences for natural additives in food, increasing livestock production driving feed demands, and global efforts to reduce sulfur emissions from fossil fuel-based energy. The sector operates amid supply chain dynamics influenced by raw material availability, particularly in regions with abundant trona ores like the United States and Turkey, while China dominates synthetic capacities through expansive chemical clusters. Overall, the sodium bicarbonate market underscores its importance in everyday consumer products and industrial efficiency, with ongoing capacity expansions reflecting confidence in long-term demand across diverse sectors.
Market Size and Growth Forecast
The global sodium bicarbonate market is projected to reach 2.8-3.2 billion USD by 2026, with an estimated compound annual growth rate of 4%-5% through 2031. This progression is fueled by sustained expansion in food processing and pharmaceutical sectors, coupled with heightened adoption in environmental compliance measures and emerging industrial uses that align with global sustainability agendas.
Regional Analysis
Asia Pacific commands the sodium bicarbonate market with estimated growth rates of 4.5%-5.5%, anchored by robust manufacturing bases in China and India. China, as a leading producer, has witnessed significant capacity builds, with trends emphasizing integrated soda ash-to-bicarbonate operations to meet surging demands from food and pharmaceutical exports amid rapid industrialization and population growth. India supports this through expanding detergent and textile industries, where sodium bicarbonate aids in processing efficiency, reflecting broader market shifts toward affordable consumer goods and regulatory alignment with international quality standards.
North America displays growth rates of 3.5%-4.5%, primarily driven by the United States, where natural production from trona deposits in Wyoming facilitates stable supply for food and environmental applications. Regional trends highlight acquisitions and expansions to bolster domestic capacities, addressing needs in animal feed for intensive farming and DeSOx in power generation as utilities adapt to cleaner air mandates.
Europe exhibits growth rates of 3.0%-4.0%, with contributions from Germany, France, and Belgium focusing on high-purity grades for pharmaceutical and textile uses. Market trends underscore a push for sustainable sourcing and reduced carbon footprints, supporting applications in water treatment and rubber amid stringent EU environmental directives that encourage innovation in low-impact chemical processes.
South America shows growth rates of 3.0%-4.0%, led by Brazil and Argentina, where sodium bicarbonate finds utility in animal feed tied to expanding agribusiness and pharmaceutical sectors responding to regional health initiatives. Trends involve increasing imports to supplement local production, with emphasis on cost-effective solutions for textile dyeing and rubber manufacturing in growing export-oriented industries.
The Middle East and Africa region reveals growth rates of 4.0%-5.0%, driven by emerging markets in South Africa and the United Arab Emirates, where water treatment and DeSOx applications gain traction amid infrastructure development and oil-related industries. Trends reflect investments in local capacities to address water scarcity and emission controls, supporting pharmaceutical growth in healthcare expansions across the region.
Application Analysis
Food & Beverage: This primary segment utilizes sodium bicarbonate for leavening in baked goods, pH adjustment in beverages, and as a tenderizer in processed foods, with trends showing increased demand due to rising consumption of convenience products and natural preservatives in response to health-conscious consumer behaviors globally.
Animal Feed: Employed to enhance rumen pH and improve feed efficiency in livestock, this application experiences growth from intensive animal husbandry practices, particularly in Asia and North America, where trends toward antibiotic alternatives and nutritional optimization drive adoption for better animal health outcomes.
Pharmaceutical: Sodium bicarbonate serves in antacids, effervescent tablets, and hemodialysis solutions, with developments indicating expansion amid aging populations and chronic disease management, fostering innovations in drug stability and delivery systems across mature and emerging healthcare markets.
DeSOx: Critical for flue gas desulfurization in power plants and industrial boilers, this use is bolstered by tightening environmental regulations on sulfur emissions, with trends toward greater implementation in coal-dependent regions transitioning to cleaner operations through dry sorbent injection technologies.
Textile: As a dyeing auxiliary and scouring agent, sodium bicarbonate aids in color fixation and fabric preparation, maintaining steady demand in apparel manufacturing hubs, though trends suggest shifts toward eco-friendly processes that integrate it with reduced water usage.
Rubber: Functioning as a blowing agent in foam rubber production, this application supports automotive and construction sectors, with trends reflecting growth in lightweight materials and insulation products aligned with energy efficiency standards.
Industry Value Chain Analysis
The sodium bicarbonate industry value chain originates with upstream raw material extraction, primarily from trona ore in natural processes or soda ash in synthetic routes, where mining operations in resource-rich areas like Wyoming involve dissolution and purification to yield sodium sesquicarbonate, subsequently converted via carbonation. Synthetic methods rely on ammonia-soda processes for soda ash feedstock, with carbon dioxide injection under controlled conditions to form bicarbonate precipitates, requiring precise temperature and pressure management to optimize yields. Midstream manufacturing encompasses filtration, centrifugation, and drying stages in facilities designed for food-grade compliance, often featuring integrated carbon capture from adjacent soda ash plants to enhance sustainability and reduce costs. Quality assurance involves rigorous testing for purity and particle size, tailored to application needs like fine powders for pharma or coarse grades for industrial use. Distribution leverages bulk rail and truck logistics for cost efficiency, with specialized packaging to prevent moisture absorption that could compromise reactivity. Downstream integration incorporates sodium bicarbonate into end-products, such as blending with flour in food processing or injection systems in DeSOx setups, where users prioritize supply consistency to avoid production disruptions. The chain emphasizes vertical integration among key players, recycling ammonia and CO2 by-products to minimize waste, while addressing industry-specific challenges like energy consumption in drying phases through heat recovery technologies. Global flows balance natural production advantages in the US with synthetic scale in China, fostering trade partnerships and technology transfers to standardize quality across borders.
Key Market Players
Tronox Inc.: A diversified chemical producer, Tronox integrates sodium bicarbonate with its mineral sands operations, focusing on industrial applications like DeSOx and textiles through efficient manufacturing.
Tata Chemical Limited: This Indian multinational maintains significant capacities in refined bicarbonate, serving food and pharmaceutical markets with emphasis on sustainable practices and export growth.
Solvay: As a global leader, Solvay operates extensive synthetic production facilities, prioritizing high-purity grades for pharma and environmental uses, with strategic focus on innovation in emission control.
Tosoh Corporation: A Japanese firm, Tosoh specializes in chemical intermediates including bicarbonate for rubber and textile sectors, leveraging advanced process technologies.
Church & Dwight Co. Inc.: U.S.-based consumer goods specialist, the company dominates in baking soda for food and household applications, with strong branding in animal nutrition.
J.M. Huber Corporation: Through acquisitions like Natural Soda in 2021 and Natrium in 2024, Huber bolsters natural bicarbonate capacities, targeting feed and pharma markets with eco-friendly sourcing.
Tokuyama Corporation: Japanese producer emphasizing electronics and pharma-grade bicarbonate, contributing to regional supply chains.
AGC Inc.: Diversified in chemicals, AGC supplies bicarbonate for glass and textile applications, with focus on high-tech integrations.
Sesoda Corporation: Involved in alkali chemicals, supporting Asian demands in food and industrial segments.
Inner Mongolia Berun Chemical Co. Ltd.: With a 400,000-ton first phase operational since June 2023 and a second 400,000-ton phase by end-2025, this Chinese entity expands synthetic capacities for broad applications.
Tianjin Bohua Yongli Chemical Industry Co. Ltd.: A major Chinese producer, integrating with soda ash for efficient bicarbonate output.
Lianyungang Soda Ash Co. Ltd.: Coastal Chinese firm, focusing on export-oriented production for food and DeSOx.
Hengyang Hai Lian Salt Solution Chemistry Co. Ltd.: Specializes in salt-based chemicals, including bicarbonate for regional markets.
GHCL Limited: Indian manufacturer with 60,000 MTPA refined capacity, emphasizing food-grade products for domestic and international sales.
Hunan Yinqiao Food Additive Co. Ltd.: Chinese additive specialist, targeting food and beverage sectors.
Shandong Kailong Chemical Technology Development Co. Ltd.: With 260,000 tons annual capacity, this Chinese player supports industrial and feed applications.
Henan Jinshan Chemical Group: Contributes to China's dispersed capacities in synthetic bicarbonate.
Qingdao Soda Ash Industrial Company Limited: Qingdao-based, integrating with soda ash for bicarbonate supply.
CNSIG Inner Mongolia Chemical Industry Co. Ltd.: Large-scale Chinese operator, leveraging combined processes for bicarbonate production.
Market Opportunities and Challenges
Opportunities
● Food Sector Surge: Expanding baked goods and functional beverages in emerging markets offer growth for natural leavening agents, enabling producers to innovate clean-label products.
● Environmental Regulations: Heightened focus on sulfur emission reductions boosts DeSOx demand, creating avenues for specialized injection systems in power and industrial sectors.
● Pharmaceutical Advancements: Rising chronic conditions drive antacid and dialysis uses, with potential in novel formulations for targeted therapies.
● Animal Nutrition Growth: Intensive farming trends amplify feed additives, supporting expansions in livestock-heavy regions.
● Capacity Investments: Strategic builds in Asia provide scale economies, addressing supply gaps in high-growth applications.
Challenges
● Raw Material Fluctuations: Reliance on soda ash prices and CO2 availability poses cost risks, particularly in volatile energy markets.
● Regulatory Compliance: Stringent food and pharma standards necessitate ongoing quality upgrades, straining smaller operations.
● Substitute Competition: Alternatives like phosphates in feed or other acids in pharma challenge market penetration.
● Energy Intensity: Production processes demand high energy, with pressures for decarbonization amid global climate goals.
● Supply Chain Vulnerabilities: Geopolitical factors affect trona and soda ash imports, impacting global distribution.
1.1 Study Scope 1
1.2 Research Methodology 2
1.2.1 Data Sources 2
1.2.2 Assumptions 3
1.3 Abbreviations and Acronyms 5
Chapter 2 Global Sodium Bicarbonate Market Status and Forecast (2021-2031) 7
2.1 Global Market Scale Analysis 7
2.1.1 Global Sodium Bicarbonate Capacity, Production and Utilization (2021-2031) 7
2.1.2 Global Sodium Bicarbonate Revenue and Market Share (2021-2031) 8
2.2 Global Market Dynamics 10
2.2.1 Market Drivers 10
2.2.2 Market Challenges and Restraints 11
2.2.3 Future Trends 12
Chapter 3 Market Analysis by Application 14
3.1 Global Sodium Bicarbonate Consumption and Market Share by Application (2021-2031) 14
3.2 Food & Beverage 16
3.3 Animal Feed 18
3.4 Pharmaceuticals 20
3.5 Flue Gas Desulfurization (DeSOx) 22
3.6 Textile & Leather 24
3.7 Rubber & Plastics 25
Chapter 4 Manufacturing Process and Cost Structure Analysis 27
4.1 Production Process Analysis 27
4.1.1 Carbonation of Natural Soda Ash (Trona) 27
4.1.2 Carbonation of Synthetic Soda Ash (Solvay Process) 28
4.2 Cost Structure Analysis 29
4.2.1 Raw Material Costs 29
4.2.2 Labor and Manufacturing Expenses 30
4.3 Technical Innovation and Patents 31
Chapter 5 Global Sodium Bicarbonate Market by Region 33
5.1 Global Capacity and Production by Region (2021-2031) 33
5.2 Global Consumption and Market Share by Region (2021-2031) 35
5.3 North America (United States, Canada) 37
5.4 Europe (Germany, France, UK, Italy, Turkey) 40
5.5 Asia-Pacific 44
5.5.1 China 44
5.5.2 India 46
5.5.3 Japan 47
5.5.4 Taiwan (China) 48
5.5.5 South Korea 49
5.5.6 Southeast Asia 50
5.6 South America (Brazil, Argentina) 52
5.7 Middle East and Africa 53
Chapter 6 Global Trade Analysis 55
6.1 Major Importing Regions and Countries 55
6.2 Major Exporting Regions and Countries 57
6.3 Trade Balance Analysis 59
Chapter 7 Competitive Landscape 61
7.1 Global Competitive Situation 61
7.2 Market Concentration Rate (CR5 and CR10) 62
7.3 Mergers, Acquisitions, and Expansions 64
Chapter 8 Key Market Players Analysis 66
8.1 Tronox Inc. 66
8.1.1 Company Profile 66
8.1.2 SWOT Analysis 67
8.1.3 Tronox Inc. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 68
8.2 Tata Chemical Limited 70
8.2.1 Company Profile 70
8.2.2 SWOT Analysis 71
8.2.3 Tata Chemical Limited Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 72
8.3 Solvay 74
8.3.1 Company Profile 74
8.3.2 SWOT Analysis 75
8.3.3 Solvay Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 76
8.4 Tosoh Corporation 78
8.4.1 Company Profile 78
8.4.2 SWOT Analysis 78
8.4.3 Tosoh Corporation Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 79
8.5 Church & Dwight Co. Inc. 81
8.5.1 Company Profile 81
8.5.2 SWOT Analysis 81
8.5.3 Church & Dwight Co. Inc. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 82
8.6 J.M. Huber Corporation 84
8.6.1 Company Profile 84
8.6.2 SWOT Analysis 84
8.6.3 J.M. Huber Corporation Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 85
8.7 Tokuyama Corporation 87
8.7.1 Company Profile 87
8.7.2 SWOT Analysis 87
8.7.3 Tokuyama Corporation Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 88
8.8 AGC Inc. 90
8.8.1 Company Profile 90
8.8.2 SWOT Analysis 90
8.8.3 AGC Inc. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 91
8.9 Sesoda Corporation 93
8.9.1 Company Profile 93
8.9.2 SWOT Analysis 93
8.9.3 Sesoda Corporation Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 94
8.10 Inner Mongolia Berun Chemical Co. Ltd. 96
8.10.1 Company Profile 96
8.10.2 SWOT Analysis 96
8.10.3 Inner Mongolia Berun Chemical Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 97
8.11 Tianjin Bohua Yongli Chemical Industry Co. Ltd. 99
8.11.1 Company Profile 99
8.11.2 SWOT Analysis 99
8.11.3 Tianjin Bohua Yongli Chemical Industry Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 100
8.12 Lianyungang Soda Ash Co. Ltd. 102
8.12.1 Company Profile 102
8.12.2 SWOT Analysis 102
8.12.3 Lianyungang Soda Ash Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 103
8.13 Hengyang Hai Lian Salt Solution Chemistry Co. Ltd. 105
8.13.1 Company Profile 105
8.13.2 SWOT Analysis 105
8.13.3 Hengyang Hai Lian Salt Solution Chemistry Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 106
8.14 GHCL Limited 108
8.14.1 Company Profile 108
8.14.2 SWOT Analysis 108
8.14.3 GHCL Limited Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 109
8.15 Hunan Yinqiao Food Additive Co. Ltd. 111
8.15.1 Company Profile 111
8.15.2 SWOT Analysis 111
8.15.3 Hunan Yinqiao Food Additive Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 112
8.16 Shandong Kailong Chemical Technology Development Co. Ltd. 114
8.16.1 Company Profile 114
8.16.2 SWOT Analysis 114
8.16.3 Shandong Kailong Chemical Technology Development Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 115
8.17 Henan Jinshan Chemical Group 117
8.17.1 Company Profile 117
8.17.2 SWOT Analysis 117
8.17.3 Henan Jinshan Chemical Group Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 118
8.18 Qingdao Soda Ash Industrial Company Limited 120
8.18.1 Company Profile 120
8.18.2 SWOT Analysis 120
8.18.3 Qingdao Soda Ash Industrial Company Limited Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 121
8.19 CNSIG Inner Mongolia Chemical Industry Co. Ltd. 123
8.19.1 Company Profile 123
8.19.2 SWOT Analysis 123
8.19.3 CNSIG Inner Mongolia Chemical Industry Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 124
Chapter 9 Marketing Strategy and Sales Channel Analysis 126
9.1 Marketing Strategy Analysis 126
9.2 Direct vs Indirect Sales Channels 127
9.3 Pricing Strategies by Grade (Technical vs Food/Pharma) 128
Chapter 10 Research Findings and Conclusion 130
Table 2 Global Sodium Bicarbonate Production (K MT) and Utilization Rate (%), 2021-2031 8
Table 3 Global Sodium Bicarbonate Revenue (USD Million) and Growth Rate (%), 2021-2031 9
Table 4 Global Sodium Bicarbonate Consumption (K MT) by Application, 2021-2031 14
Table 5 Global Sodium Bicarbonate Market Share by Application, 2021-2031 15
Table 6 Global Sodium Bicarbonate Capacity (K MT) by Region, 2021-2031 33
Table 7 Global Sodium Bicarbonate Production (K MT) by Region, 2021-2031 34
Table 8 Global Sodium Bicarbonate Consumption (K MT) by Region, 2021-2031 35
Table 9 North America Sodium Bicarbonate Production and Consumption (K MT), 2021-2031 38
Table 10 Europe Sodium Bicarbonate Production and Consumption (K MT), 2021-2031 41
Table 11 Asia-Pacific Sodium Bicarbonate Production and Consumption (K MT), 2021-2031 44
Table 12 Global Sodium Bicarbonate Import Volume (K MT) by Region, 2021-2026 55
Table 13 Global Sodium Bicarbonate Export Volume (K MT) by Region, 2021-2026 57
Table 14 Global Top 5 and Top 10 Players Sodium Bicarbonate Market Share (2026) 62
Table 15 Tronox Inc. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 68
Table 16 Tata Chemical Limited Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 72
Table 17 Solvay Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 76
Table 18 Tosoh Corporation Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 79
Table 19 Church & Dwight Co. Inc. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 82
Table 20 J.M. Huber Corporation Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 85
Table 21 Tokuyama Corporation Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 88
Table 22 AGC Inc. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 91
Table 23 Sesoda Corporation Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 94
Table 24 Inner Mongolia Berun Chemical Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 97
Table 25 Tianjin Bohua Yongli Chemical Industry Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 100
Table 26 Lianyungang Soda Ash Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 103
Table 27 Hengyang Hai Lian Salt Solution Chemistry Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 106
Table 28 GHCL Limited Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 109
Table 29 Hunan Yinqiao Food Additive Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 112
Table 30 Shandong Kailong Chemical Technology Development Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 115
Table 31 Henan Jinshan Chemical Group Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 118
Table 32 Qingdao Soda Ash Industrial Company Limited Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 121
Table 33 CNSIG Inner Mongolia Chemical Industry Co. Ltd. Sodium Bicarbonate Capacity, Production, Price, Cost and Gross Profit Margin (2021-2026) 124
Table 34 Sodium Bicarbonate Distributors List 127
Figure 1 Global Sodium Bicarbonate Capacity and Production Growth Rate (%), 2021-2031 7
Figure 2 Global Sodium Bicarbonate Revenue Market Share by Region in 2025 9
Figure 3 Global Sodium Bicarbonate Consumption Market Share by Application in 2026 15
Figure 4 Global Sodium Bicarbonate Market Share by Region in 2026 36
Figure 5 North America Sodium Bicarbonate Consumption Growth Rate (2021-2031) 39
Figure 6 Europe Sodium Bicarbonate Consumption Growth Rate (2021-2031) 42
Figure 7 China Sodium Bicarbonate Production vs. Consumption (2021-2031) 45
Figure 8 Tronox Inc. Sodium Bicarbonate Market Share (2021-2026) 69
Figure 9 Tata Chemical Limited Sodium Bicarbonate Market Share (2021-2026) 73
Figure 10 Solvay Sodium Bicarbonate Market Share (2021-2026) 77
Figure 11 Tosoh Corporation Sodium Bicarbonate Market Share (2021-2026) 80
Figure 12 Church & Dwight Co. Inc. Sodium Bicarbonate Market Share (2021-2026) 83
Figure 13 J.M. Huber Corporation Sodium Bicarbonate Market Share (2021-2026) 86
Figure 14 Tokuyama Corporation Sodium Bicarbonate Market Share (2021-2026) 89
Figure 15 AGC Inc. Sodium Bicarbonate Market Share (2021-2026) 92
Figure 16 Sesoda Corporation Sodium Bicarbonate Market Share (2021-2026) 95
Figure 17 Inner Mongolia Berun Chemical Co. Ltd. Sodium Bicarbonate Market Share (2021-2026) 98
Figure 18 Tianjin Bohua Yongli Chemical Industry Co. Ltd. Sodium Bicarbonate Market Share (2021-2026) 101
Figure 19 Lianyungang Soda Ash Co. Ltd. Sodium Bicarbonate Market Share (2021-2026) 104
Figure 20 Hengyang Hai Lian Salt Solution Chemistry Co. Ltd. Sodium Bicarbonate Market Share (2021-2026) 107
Figure 21 GHCL Limited Sodium Bicarbonate Market Share (2021-2026) 110
Figure 22 Hunan Yinqiao Food Additive Co. Ltd. Sodium Bicarbonate Market Share (2021-2026) 113
Figure 23 Shandong Kailong Chemical Technology Development Co. Ltd. Sodium Bicarbonate Market Share (2021-2026) 116
Figure 24 Henan Jinshan Chemical Group Sodium Bicarbonate Market Share (2021-2026) 119
Figure 25 Qingdao Soda Ash Industrial Company Limited Sodium Bicarbonate Market Share (2021-2026) 122
Figure 26 CNSIG Inner Mongolia Chemical Industry Co. Ltd. Sodium Bicarbonate Market Share (2021-2026) 125
Figure 27 Sodium Bicarbonate Price Trend by Grade (2021-2031) 129
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.

1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.

Bottom-up approach size the objective market by collecting the sub-segment information.

2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.

- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.

- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.

3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.

4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.

- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
| Primary Sources | Secondary Sources |
|---|---|
| Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |