The Global Sodium Sesquicarbonate Market is estimated to be valued at US$ 53.70 Bn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031. Sodium sesquicarbonate, also known as sodium hydrogendicarbonate, is an inorganic compound that finds extensive applications as an acid neutralizer, cleaning agent, deodorizer, and alkalizing agent. It is widely used for manufacturing laundry detergents and household cleaning products, owing to its mild alkaline nature and ability to remove dirt and stains effectively without harming fabric textures. The compound also finds uses in industries such as water treatment, pulp and paper, food and beverages, and personal care.
The key advantages of sodium sesquicarbonate include its low cost, higher stability compared to baking soda, and ability to clean thoroughly without leaving chemical residues behind. The growing demand for eco-friendly and sustainable cleaning products from consumers and industries is fueling the adoption of sodium sesquicarbonate across various end-use industries. The Global sodium sesquicarbonate market is expected to be driven by rising usage of the compound in laundry detergents and hand dishwashing liquids over the forecast period.
Key Takeaways
Key players operating in the Sodium Sesquicarbonate market are Destiny Chemicals, Ennore
India Chemicals, Akshar Exim Pvt. Ltd., CDH Fine Chemical, Thermo Fisher Scientific,
Hawkins, Inc., Solvay, Baker Hughes, Merck Group, Fisher Scientific, Sodium Carbonate
Co., Gujarat Alkalies and Chemicals Limited, Sodium Carbonate Company, Karnataka Chemicals, Jiangsu Huachang Chemical Co., Ltd., Hubei Greenhome Chemical Co., Ltd., and Shandong Jinling Chemical Co., Ltd.
The growing for sodium sesquicarbonate Market demand in the market, driven by the increasing consumer and industry preference for eco-friendly detergents and cleaning products, is fueling its adoption. Its mild alkaline nature and ability to remove dirt effectively without harming fabrics make it an ideal ingredient for detergents and soaps.
Asia Pacific currently dominates the global sodium sesquicarbonate market and the trend is expected to continue through the forecast period. Countries such as China, India, and Japan are leading producers and consumers of sodium sesquicarbonate. Rapid industrialization and growing population in the region are driving the demand. Additionally, favorable government policies to promote domestic manufacturing are supporting market growth.
Market Key Trends
One of the key trends observed in the sodium sesquicarbonate market is the increasing demand from water treatment applications. Sodium sesquicarbonate acts as an excellent sequestering agent and helps remove hardness causing ions such as calcium, magnesium from water. It leads to reduced scaling in boilers, improves foaming properties, and reduces corrosion in pipelines. As a result, sodium sesquicarbonate finds increasing usage in industrial water treatment, swimming pool treatment, and municipal water treatment. Strong growth of industrial sectors in Asia Pacific and Middle East is expected to drive the demand from this application over the forecast period.
Porter’s Analysis
Threat of new entrants: New firms can easily enter this market as it does not require high capital investments. However, established brands have strong brand loyalty which acts as a barrier.
Bargaining power of buyers: Buyers have moderate bargaining power in this market as sodium sesquicarbonate has applications across many industries.
Bargaining power of suppliers: A few major suppliers exist for raw materials used to make sodium sesquicarbonate, giving them significant influence over prices.
Threat of new substitutes: Some substitute products exist but sodium sesquicarbonate is irreplaceable for many specific applications like dyeing, tanning etc.
Competitive rivalry: Sodium Sesquicarbonate Market challenges and opportunities as it features multiple international and domestic players competing on pricing and quality.
Geographical Regions
North America accounts for the largest share in the global sodium sesquicarbonate market in terms value. This is attributed to extensive use in industries like textiles, chemicals and personal care in the region.
Asia Pacific region is expected to be the fastest growing market during the forecast period. Developing nations like China and India offer lucrative growth opportunities owing to rapid industrialization and rising disposable incomes in the region.
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