Driving factor in bicarbonate market includes its positive impact on human body system, it prevents the system from various diseases such as rental stones. It is present in natural water or spring water in excess amount. The compound’s health benefits on body is increasing its demand. It acts as a buffer and maintains the pH level of the blood from becoming too basic or too acidic. It is excellent for heartburn, indigestion and constipation.
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Pharmaceutical industry will grow at over 5% CAGR in near future and is expected to boost bicarbonate market. The acid is widely used pharmaceutical product, it is consumed by patients for various acidic issues. Increasing rate of acidity, indigestion and heartburn is propelling the usage of medicines and positively influencing bicarbonate industry.
Bicarbonate market is segmented based on form such as white crystal, powder, wet solid and liquid. They are used in various industries including food & beverages, petroleum, chemical, agriculture and pharmaceuticals. On the basis of applications, it is classified into additives, solvents, leavening agents and household.
Company profiled in the bicarbonate market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Hailian Sanyii
- Shandong Haihua Group
- Tata Chemicals
- Tosoh Corporation
- Inner Mangolia Yuanxing
Europe led by Spain will witness decent growth in the bicarbonate market owing to its highest consumption of mineral water globally. The product is a basic ingredient in mineral water, water purification companies blend the compound in the process to enhance water’s calcium, potassium and magnesium content. Increasing consumption of mineral water will propel product usage.
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North America, headed by US is world’s most important pharmaceutical industry. It contributes nearly 35% of the global pharmaceutical industry hosting giant companies in medical industry on a global basis. The product is widely used in medicines to prevent acidity, indigestion and heartburn.
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