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Sodium Bicarbonate Prices Today, Price Chart and Forecast Analysis | Procurement Resource

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Sodium Bicarbonate, also known as baking soda and washing soda, represents a chemical compound existing as a white crystalline powder with the chemical formula NaHCO3. Its composition involves sodium ions (Na+), bicarbonate ions (HCO3), and water molecules. Additionally labeled as the monosodium salt of carbonic acid, this compound possesses electrolyte replacement and alkalinizing properties, sharing a salty and alkaline nature akin to sodium carbonate.

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With a molecular mass of 84.007 g/mol, sodium bicarbonate readily dissolves in water and releases carbon dioxide gas upon heating, aiding in dough rising during baking. Its production occurs via the Solvay process and from sodium carbonate.

Key producers of sodium bicarbonate encompass Germany, China, Turkey, Spain, and the United States, leading in its manufacturing globally.

Key Details About the Sodium Bicarbonate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Sodium Bicarbonate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Sodium Bicarbonate Prices, including India Sodium Bicarbonate price, USA Sodium Bicarbonate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

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Industrial Uses Impacting Sodium Bicarbonate Price Trend:

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The global market is expanding due to the increased utilization of sodium bicarbonate across various sectors like food, animal feed, pharmaceuticals, chemicals, and water treatment. This growth is anticipated to be driven further by rising consumer demand for food-grade sodium bicarbonate. Its versatile properties, including high basicity and non-hazardous characteristics, offer distinct advantages for pH regulation in the rumen, cleaning applications, and leavening purposes.

Moreover, baking powder derived from sodium bicarbonate is a common leavening agent in bread, cakes, and biscuits. Its mild disinfectant properties also make it a useful cleaning agent.

Beyond these applications, it finds significant use in specialized industries like animal feed production and fire extinguishers, contributing to increased profitability.

Furthermore, in the pharmaceutical sector, it serves as an antacid for treating chronic renal issues, indigestion, and heartburn.

Key Players:

  • Solvay, GHCL Limited
  • Tata Chemicals Ltd
  • Tosoh Corporation
  • SEQENS
  • Church & Dwight Co., Inc.

Recent Development:

June 21, 2022: At the Reynya facility in Bulgaria, Solvay Sodi, a joint venture between Solvay and Sisesam, announced the outcome of another significant investment project. The plant’s capacity to produce sodium bicarbonate, a byproduct of soda ash, will increase by 200,000 tonnes as a result of this expansion project.

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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