by The sodium sesquicarbonate market is estimated to witness high growth owing to rising demand from detergent industry. Sodium sesquicarbonate, also known as trisodium dihydrogen diphosphate or tribasic sodium phosphate, is an inorganic compound that finds wide application as a cleaning agent in detergents and dishwasher powders. It has excellent grease-cutting and soil suspension properties that help remove tough stains from fabrics and dishes. The compound is also used as a pH regulator and buffer in cleaning products.
The Global sodium sesquicarbonate Market is estimated to be valued at US$ 53.70 Bn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the sodium sesquicarbonate are Destiny Chemicals, Ennore India Chemicals, Akshar Exim Pvt. Ltd., CDH Fine Chemical, Thermo Fisher Scientific, Hawkins, Inc., Solvay, Baker Hughes, Merck Group, Fisher Scientific, Sodium Carbonate Co., Gujarat Alkalies and Chemicals Limited, Sodium Carbonate Company, Karnataka Chemicals, Jiangsu
Huachang Chemical Co., Ltd., Hubei Greenhome Chemical Co., Ltd., and Shandong Jinling Chemical Co., Ltd. The key opportunities in the market include growing demand for ecofriendly detergents and expanding application scope in other industries such as food processing and water treatment. Technological advancements such as development of more efficient production processes and genetically modified bacteria for sustainable production of sodium sesquicarbonate will further catalyze the market growth.
Market Drivers
Sodium Sesquicarbonate Market size is largely driven by the rising demand for laundry and dishwashing detergents from the household cleaning sector. Additionally, stringent regulations regarding the use of phosphates in detergents have increased the consumption of alternatives like sodium sesquicarbonate.
Moreover, growing working population and increasing disposable income are factors propelling the sales of cleaning products. The increasing trend of nuclear families also contributes to higher detergent consumption. These demographic and economic changes will continue driving the sodium sesquicarbonate market in the coming years.
Current Challenges in the Sodium Sesquicarbonate Market
– Issues related to raw material procurement due to fluctuating prices of raw materials like trona, soda ash, etc.
– Growing preference for substitute products in end-use industries majorly in detergent and cleaning applications.
– Lack of technological advancements to lower the production costs.
– Stringent environment protection laws in major regions hindering expansion plans of manufacturers.
-Vulnerability to global economic trends impacting key end-use industries.
SWOT Analysis
Strength: Wide applications in detergent, water treatment, food and beverage industries provide stable demand. Ability to replace sodium carbonate in various applications. Weakness: Higher processing costs compared to substitute chemicals. Supply chain disruptions due to dependency on few suppliers for raw materials.
Opportunity: Growth in personal care industry creating new opportunities. Expanding applications scope in pharmaceuticals expected to drive future gains.
Threats: Sodium Sesquicarbonate Market presents challenges and opportunities with the availability of cost-effective substitutes posing a significant challenge. Additionally, fluctuations in raw material prices can dent profit margins
In terms of value, the sodium sesquicarbonate market is currently concentrated in North America and Europe owing to large demand from detergent industry. Asia Pacific is expected to witness the fastest growth during the forecast period supported by rising standards of living, growing population and surge in domestic detergent consumption in emerging economies like China and India.
China holds the leading share in global sodium sesquicarbonate production and contributes over 30% to total volume. Massive detergent industry in the country driving significant consumption. Other major sodium sesquicarbonate producing regions are North America, Europe and India. The United States registers high domestic demand and housing some top manufacturers globally. Italy and Germany are major European hubs for sodium sesquicarbonate production and exports.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
