Project Background

Sodium bicarbonate (NaHCO3), also known as baking soda, heavy alkali, baking powder, etc., is a white crystalline powder with weak alkalinity, which can be used in food, feed, pharmaceutical, chemical, flue gas treatment and other fields. The main production methods of sodium bicarbonate are solution method and solid phase method, in which the solution method uses trona lake as raw material and the solid phase method uses mineral sodium as raw material. According to different production methods and uses, sodium bicarbonate can be divided into process grade, medical grade and food grade.

The global market for sodium bicarbonate has grown steadily over the past few years, with revenues of about $1714 million in 2020 and expected to reach $1767.1 million in 2026, with a compound annual growth rate of 0.8 per cent between 2021 and 2026. The main producers of sodium bicarbonate in the world are the United States, China, India, France, Germany, etc., and the main consumers are the United States, China, Japan, India, Germany, etc. Major global producers of sodium bicarbonate include Solvay, Church & Dwight, Natural Soda, Novacarb, Tata Chemicals, FMC Corporation, Natrium Products, Tosoh Corporation, Asahi, etc.

China is the world's largest producer and consumer of sodium bicarbonate, with numerous sodium bicarbonate producers and downstream applications. In 2020, China's sodium bicarbonate production is about 5 million tons, accounting for about 40% of the global total output; consumption is about 4 million tons, accounting for about 30% of the global total consumption. Major producers of sodium bicarbonate in China include Boyuan Group, Hunan Yuhua Chemical Group, Qingdao Alkali, Haohua Honghe Chemical, etc.

Customer pain points

Shangpu Consulting is a company specializing in industrial market research and consulting services, with many years of industry experience and professional team. Shangpu Consulting's client is a large chemical company located in Shanghai, mainly engaged in the production and sales of sodium bicarbonate. The customer faced the following pain points:

Sodium bicarbonate market competition is fierce, product homogeneity is serious, price pressure.

The demand structure of the sodium bicarbonate market has changed, and the food and pharmaceutical industries have higher requirements for product quality and safety.

The sodium bicarbonate market is heavily influenced by environmental policies and energy costs, and production costs are rising.

There is a potential threat of alternatives in the sodium bicarbonate market, such as citric acid.

Project Purpose

In order to help customers solve the above pain points, Shangpu Consulting Company has undertaken the market research and analysis project of sodium bicarbonate industry, aiming to provide customers with the following services:

Analyze the status, size, structure, trends, opportunities and challenges of the global and Chinese sodium bicarbonate market.

Assess the supply and demand balance, price trends, imports and exports, competitive landscape and policy environment of the sodium bicarbonate market.

Identify the major customer groups, consumption habits, demand characteristics and potential demand for sodium bicarbonate market.

Explore innovative applications, alternative developments and emerging market opportunities for the sodium bicarbonate market.

The development strategy, marketing strategy, product strategy and brand strategy of sodium bicarbonate market are put forward.

Research object

The research objects of this project include the following categories:

Sodium bicarbonate production enterprises, including domestic and foreign major manufacturers and small and medium-sized manufacturers, a total of about 50.

There are about 100 downstream application enterprises of sodium bicarbonate, including major customers and potential customers in food, feed, pharmaceutical, chemical, flue gas treatment and other industries.

Sodium bicarbonate industry associations, experts and scholars, media organizations and government departments, a total of about 20.

Project Content

The main contents of this project include the following aspects:

Sodium bicarbonate product introduction, including product classification, nature, use, etc.

Analysis of production technology of sodium bicarbonate, including production methods, process flow, equipment and facilities, raw material consumption, etc.

Analysis of the global sodium bicarbonate market, including global market size, structure, trends, opportunities and challenges.

Analysis of the Chinese market for sodium bicarbonate, including the size, structure, trends, opportunities and challenges of the Chinese market.

Analysis of supply and demand balance of sodium bicarbonate, including global and Chinese production, consumption, inventory, import and export volume, etc.

Analysis of the price trend of sodium bicarbonate, including the reasons for global and Chinese price changes, price forecasts, etc.

Analysis of the competitive landscape of sodium bicarbonate, including the introduction of major global and Chinese manufacturers, product comparison, market share, etc.

Analysis of the policy environment of sodium bicarbonate, including relevant regulations, standards and taxes in China and around the world.

Customer analysis of sodium bicarbonate, including introduction of major customer groups in the world and China, analysis of consumption habits, analysis of demand characteristics and prediction of potential demand.

Analysis of innovative applications of sodium bicarbonate, including introduction of innovative applications in global and China, analysis of alternative development and exploration of emerging market opportunities.

Sodium bicarbonate development strategy recommendations, including development goal setting, marketing strategy formulation, product strategy formulation and brand strategy formulation.

Project Value

This project provides the following value to the customer:

Help customers understand the market status, scale, structure, trends, opportunities and challenges of sodium bicarbonate, and provide customers with valuable market information and data support.

Help customers evaluate the supply and demand balance, price trend, import and export situation, competitive pattern and policy environment of sodium bicarbonate, and provide customers with favorable market analysis and judgment basis.

Help customers identify the main customer groups, consumption habits, demand characteristics and potential needs of sodium bicarbonate, and provide customers with targeted marketing and service programs.

Help customers explore innovative applications of sodium bicarbonate, alternative development and emerging market opportunities, and provide customers with forward-looking market expansion and innovative ideas.

Help customers to put forward the development strategy of sodium bicarbonate, including development goal setting, marketing strategy formulation, product strategy formulation and brand strategy formulation, etc., to provide customers with effective market guidance and suggestions.