The global pharmaceutical grade sodium carbonate market is estimated to be USD 46.7 million in 2024 and is projected to surpass USD 61.4 million by 2034, expanding at a CAGR of 2.8%.
The demand for sodium carbonate, also known as soda ash or washing soda, is anticipated to mature. It is considered an essential industrial chemical that occurs naturally in sources like trona ore or brines rich in sodium carbonate. The chemical is commonly used in the production of detergents, glass, paper, chemicals, and water treatment. As such, the demand for it has been increasing.
The sales of pharmaceutical sodium carbonate are growing due to its versatile applications in different industries. The application in glass production, chemical manufacturing, and detergent production to improve cleaning efficiency by softening water and aiding with dirt and stain removal.
The pulp and paper industry also uses sodium carbonate to modify pH levels and remove lignin from wood fibers to neutralize acidic chemicals in water treatment operations. These applications are currently the main reasons for the demand for this compound.
Despite environmental concerns, the industry continues to grow due to the expansion of urban areas and consumer goods demand. The pharmaceutical grade sodium carbonate market is also inflating due to the rise in medication usage and the demand for research and development.
The personal care industry is estimated to experience a surge in demand for pharmaceutical-grade sodium carbonate, as it is used as an active pharmaceutical component in medicine manufacture. The high expense of producing and obtaining sodium carbonate of pharmaceutical grade somewhat limits the industry’s potential and sales.
Pharma companies worldwide are increasing demand for pharmaceutical grade sodium carbonate consumption owing to the research and development of the regional firms in multiple provinces. The rise in drug usage and the presence of key manufacturing companies are foreseen to cause an increase in the demand for pharmaceuticals among consumers in North America. At the same time, European companies and Asian pharma firms are also likely to experience growth in the forthcoming decade.
Attributes | Description |
---|---|
Estimated Global Pharmaceutical Grade Sodium Carbonate Market Size (2024E) | USD 46.7 million |
Projected Global Pharmaceutical Grade Sodium Carbonate Market Value (2034F) | USD 61.4 million |
Value-based CAGR (2024 to 2034) | 2.8% |
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Manufacturers in Asia Cleanses the Demand for Cleaning Products
The pharmaceutical grade sodium carbonate market is thriving in Asian countries like India and China. This is due to the upsurge in demand for sodium carbonate, which is used in cleaning products. A Singaporean company named TFL, a member of AM International's green energy solutions division, produced green soda ash in November 2023. The firm uses cutting-edge carbon-capture technology, setting a global sustainable manufacturing record.
The advanced usage of cleaning products in various industries has created significant opportunities for development. The higher demand has resulted in improved profits for sodium carbonate manufacturers and has also highlighted the important role these companies play in meeting industry standards.
Global Trend of Oil Recovery and Novel Applications in Multiple Sectors
The demand for sodium carbonate is on the rise due to the recent trend of augmenting oil recovery and emerging plant capacities. Such advancements have led to a constantly evolving industry. This is further fueled by the presence of prominent companies in the oil recovery sector. To improve medicine capacity, the pharmaceutical industry needs pharmaceutical-grade sodium carbonate for drug manufacturing. This is used in toothpaste, hair colors, and skincare goods.
The pharmaceutical grade sodium carbonate market is envisioned to undergo significant shifts in the upcoming years. It continues to find new applications in the fields of chemicals and metallurgy. The demand for pharma-grade soda ash from multiple industries is anticipated to lead to a boom in the sector, creating opportunities for industry participants.
Food and Beverage Sector Ferments the Demand for Pharma-grade Sodium Carbonate
Sodium carbonate of pharmaceutical grade, commonly known as soda ash or washing soda, has recently been more used in the food and drink industry. Specifically, the substance has found common applications in the manufacture of soft drinks and beer. The effectiveness of sodium carbonate in its applications is due to its capability to regulate the pH levels of beverages. This leads to an improved taste of the product and makes the output more stable.
Sales of pharmaceutical-grade sodium carbonate are also boosted as a powerful cleaning agent that effectively removes impurities and contaminants from the brewing process. The use in the food and beverage industry has been demonstrated to be both effective and safe, highlighting the integral role in enhancing the quality and consistency of widely consumed products such as craft beer.
The global demand for pharmaceutical-grade sodium carbonate has historically developed at a CAGR of 2.3%. However, the sales of pharma-grade sodium carbonate have started to advance at a slightly better pace, displaying a CAGR of 2.8% from 2024 to 2034.
The global pandemic had a crucial effect on the healthcare sector, which raised the need for pharmaceuticals and sodium carbonate of pharmaceutical grade. Post-pandemic sales are anticipated to rise despite the reduced production capabilities of the biopharma companies. Researchers have started to develop novel ways to induce sodium carbonate in multiple medications. Several regional governments admire such endeavors, and key players have contributed to further research.
The use of sodium carbonate has seen a rise in demand, particularly from the pharmaceutical industry. It is used as an Active Pharmaceutical Ingredient (API) in drug synthesis to increase the capacity of medicine. This has improved sales of pharmaceutical-grade sodium carbonate.
The demand for customized medicines has led to the developed use of sodium carbonate in medication production. Research and development have broadened the applications of sodium carbonate due to the anticipated increase in demand between 2024 and 2034.
The high cost of procurement and manufacture is limiting the potential of the pharmaceutical grade sodium carbonate market. This may impede the growth of the sodium carbonate industry in the coming years. Nevertheless, the demand for better medicines is projected to helm the development of the market in the long run.
The following section depicts the development of the pharmaceutical-grade sodium carbonate sectors in different regions. According to recent findings, the demand for pharmaceutical-grade sodium carbonate from China and India is highlighting prominent progress in the forthcoming decade. The demand from Japan and Germany is establishing their consumer base in the global market. The industry in the United States is progressing toward maturation.
Countries | CAGR 2024 to 2034 |
---|---|
United States | 1.6% |
Germany | 1.3% |
Japan | 1.2% |
China | 3.1% |
India | 4.1% |
The United States pharmaceutical grade sodium carbonate market is envisioned to register a CAGR of 1.6% between 2024 and 2034. Manufacturers in the consumer goods industry are increasingly recognizing the advantages of using pharma-grade sodium carbonate as the demand for organic consumer goods products rises. These products include soaps, bathing salts, detergents, and other household cleaning agents.
The demand for pharma grade sodium carbonate is likely to continue growing in the United States over the next decade as more manufacturers aim to create and sell organic consumer goods that are safe, effective, and eco-friendly.
To develop the business in the United States, manufacturers are using various trade techniques. For instance, Solvay and Vancouver Bulk Terminal collaborated in October 2023 to build a soda ash shipping facility in the United States, redeveloping Terminal 2, Berth 7, at the Port of Vancouver.
China, considered a prime manufacturing industry, is predicted to experience a 3.1% CAGR in pharmaceutical grade sodium carbonate market from 2024 to 2034. This is helmed by its robust manufacturing sector and significant role as a key supplier of pharmaceutical drug raw materials.
Chinese suppliers are enhancing production capacity to meet global demand for sodium carbonate. This pharmaceutical-grade substance is used in medicines such as antacids, antibiotics, and painkillers. The government's support and international investments in the pharmaceutical industry have boosted exports, a trend expected to continue.
India's rapid urbanization and industrialization are pushing the pharmaceutical grade sodium carbonate market growth, with a projected 4.1% CAGR through 2034. Pharmaceutical soap and detergents, healthcare activities, residential, chemical, and industrial sectors contrive regional growth. India's profitability for pharmaceutical-grade sodium carbonate is due to expansion in research, food processing, and paper industries, making it a profitable province.
Details on the apex industrial segments are provided in the next section. Coarse pharmaceutical grade sodium carbonate is estimated to have a 59.6% revenue share of the industry, depending on the product's grade. Furthermore, in 2024, pharma excipients are projected to account for 41.1% of the pharmaceutical grade sodium carbonate market.
Segment | Coarse Pharmaceutical Grade Sodium Carbonate (Grade) |
---|---|
Value Share (2024) | 59.6% |
The global revenue share of coarse pharmaceutical grade sodium carbonate is anticipated to account for 59.6% in 2024 due to the rising demand from multiple pharmaceutical companies. The segment is foreseen to thrive due to the superior suitability of coarse-grade soda ash for research and development.
The demand for coarse sodium carbonate is envisioned to be widespread, particularly in the pharmaceutical industry. This is constantly used for researching treatments for cardiovascular disease (CVD). The demand for coarse grade sodium carbonate is significant because of its application in various medical applications, including the production of antacids, analgesics, and anti-inflammatory medications.
Segment | Pharma Excipients (Application) |
---|---|
Value Share (2024) | 41.1% |
Due to enhanced development and research efforts by key organizations, pharmaceutical-grade sodium carbonate is a versatile chemical component that is in great demand in the pharmaceutical business.
The substance is mostly used to make pharmaceutical excipients, which are anticipated to account for 41.1% of the industry. The authority is projected to last since many pharmaceutical firms utilize these excipients extensively.
Pharmaceutical-grade sodium carbonate is predicted to grasp a rise in sales. This is due to its flexibility as a drug enhancer and excipient, enhancing bioavailability and stability, and acting as a buffering agent to maintain a safe medicine pH during storage and transit.
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The pharmaceutical grade sodium carbonate market is encountering a ripple in demand, prompting providers to invest in developing production capabilities. Such operations activities are aimed at ensuring that there is a sufficient supply to meet the increasing demand for the product.
Manufacturers of pharmaceutical-grade sodium carbonate are interested in mergers, acquisitions, and product launches. These strategic moves pledge to broaden their geographic reach and market share globally. Such efforts aim to increase the industry's productivity and competitiveness. They also strive to ensure that consumers obtain high-quality goods and services, thus supporting the improvement of the sector's prospects for the future.
Industry Updates
As per grade, the industry has been bifurcated into fine pharmaceutical grade sodium carbonate and coarse pharmaceutical grade sodium carbonate.
Pharmaceutical grade sodium carbonates find application as API, for pharma excipients, personal care, and others.
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
The industry is estimated to reach USD 46.7 million in 2024.
From 2019 to 2023, sales registered a CAGR of 2.3%.
The sector is set to exceed USD 61.4 million by 2034.
The industry is anticipated to register a CAGR of 2.8% from 2024 to 2034.
The United States is anticipated to hold a CAGR of 1.6% from 2024 to 2034.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Grade 6.2. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade 7.1. Fine Grade 7.2. Coarse Grade 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Active Pharmaceuticals Ingredient (API) 8.2. Pharma Excipients 8.3. Personal Care 8.4. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. South Asia 9.5. East Asia 9.6. Eastern Europe 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Grade and Application for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Solvay SA 19.2. Novacarb (Novacap Group) 19.3. Dr. Paul Lohmann GmbH KG 19.4. CIECH S.A. 19.5. Natural Soda LLC 19.6. Jost Chemical Co. 19.7. Tianjin Chengyuan Chemical Co. Ltd. 19.8. Weifang Hongyuan Chemical Co. Ltd. 19.9. Tronox Alkali Corporation
Chemicals & Materials
February 2023
REP-GB-6459
203 pages
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