Sodium Bicarbonate Price Chart, Historical and Forecast Analysis | Procurement Resource
In the first quarter of 2023, sodium bicarbonate prices in Asia were tumultuous, primarily due to the underperformance of industries that use it and an increase in stockpiles. This was worsened by decreasing costs of soda ash and its byproducts. The second quarter saw a notable decrease driven by reduced pharmaceutical demand, lower costs of raw materials, and a weakened Asian currency against the US dollar. In Europe, there was a slight decline in the first quarter due to strong support in the domestic market and increased production, followed by a more significant drop in the second quarter caused by weak demand, surplus sodium bicarbonate, inflation, and high energy expenses. Meanwhile, North America experienced substantial declines in sodium bicarbonate prices in both quarters due to reduced sales in related industries, excess inventory, challenges in retail, and inflationary pressures.
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Sodium bicarbonate, also known as baking soda, is a white crystalline compound with the chemical formula NaHCO3. It’s commonly used as a leavening agent in baking due to its ability to release carbon dioxide gas when heated, causing dough to rise. Sodium bicarbonate is mildly alkaline and is also used as an antacid to relieve heartburn and indigestion. Its versatility extends to various industrial applications, including cleaning, deodorizing, and fire suppression. In addition, it’s utilized in healthcare settings for medical treatments and as an electrolyte replenisher due to its ability to neutralize acids and regulate pH levels.
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 Sodium Bicarbonate 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 Price trends, 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.
Industrial Uses Impacting the Sodium Bicarbonate Price Trend:
Sodium bicarbonate boasts a wide range of uses across industries thanks to its adaptable qualities. Within the food sector, it acts as a leavening agent, prompting dough to expand while baking. Its role extends beyond baking, functioning as a buffer to stabilize pH levels and prevent spoilage in processed foods. In water treatment, its alkaline properties come into play, allowing for pH adjustments and the neutralization of acidic waste. As a fire suppressant, it releases carbon dioxide when heated, effectively combating fires. Moreover, it features in personal care items for its gentle abrasive and odor-fighting characteristics. Its versatility across multiple sectors highlights its crucial role in numerous manufacturing processes.
- GHCL Limited
- Tata Chemicals Ltd
- Tosoh Corporation
- Church & Dwight Co Inc
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