The global caprylyl glycol market size accounted for USD 1,800 million in 2024 and is expected to exceed around USD 3,440 million by 2034, growing at a CAGR of 6.7% from 2024 to 2034.
The market for pharmaceutical-grade sodium bicarbonate is gradually expanding due to its consistently high demand in such spheres of healthcare as medicine. Sodium bicarbonate, which is available in pharmaceutical grade, is used for antacid, buffering, and treatment of metabolic acidosis. With an increase in the population of individuals suffering from digestive tract diseases, including acid reflux and indigestion, coupled with the, growing aging population, the demand for pharmaceutical-grade sodium bicarbonate is boosting. Over the years there has been the emergence of new drugs available over the counter, an increase in usage of sodium bicarbonate during intravenous solutions and other usage is fuelling the market growth.
Growth features of the pharmaceutical-grade sodium bicarbonate market include technological development and the impact of regulations. Regulations by agencies, including FDA & EMA are making manufacturers pay paramount attention to the standardization of their products. The need for high-purity sodium bicarbonate is on the rise as formulators of healthcare products and pharmaceutical products seek quality and consistency of their products. The increase in the production of effervescent tablets and powders which certified to use high-grade sodium bicarbonate in the pharmaceutical and nutraceutical industry is expected to boost the growth of the market.
The North American region experiences the highest demand for pharmaceutical-grade sodium bicarbonate, primarily due to its surplus production capacity and the strong presence of pharmaceutical companies. This demand is further supported by advanced healthcare facilities and a large consumer base with significant spending on healthcare products. The European market is also expanding gradually as the quality standard and focus on health care solutions are rigid. Moreover, the Asia Pacific region is expected to grow significantly in the future due to the steady growth of production of pharmaceutics, increasing concern of people towards health, and the need for medicine in countries, such as China and India. The pharmaceutical industry is continually diversifying, and the ongoing requirement for high-grade sodium bicarbonate appears ripe for continued expansion of the market.
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| Stats ID: | 7473 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7473 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
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