Global Plastic Compounding Market By End-Use Industry
Global Sodium Bicarbonate market [2015-2025] Middle East and Africa by End-User
By End-User, the market is segmented into Middle East and Africa, Rest of Middle East and Africa, Turkey, Saudi Arabia, and UAE (2015-2025)
| Label | Middle East and Africa | Rest of Middle East and Africa | Turkey | Saudi Arabia | UAE |
|---|---|---|---|---|---|
| 2015 | 61.66 USD Mn | 6.23 USD Mn | 26.36 USD Mn | 16.05 USD Mn | 13.01 USD Mn |
| 2016 | 63.97 USD Mn | 6.40 USD Mn | 27.51 USD Mn | 16.63 USD Mn | 13.43 USD Mn |
| 2017 | 66.39 USD Mn | 6.57 USD Mn | 28.71 USD Mn | 17.24 USD Mn | 13.88 USD Mn |
| 2018 | 69.05 USD Mn | 6.76 USD Mn | 30.02 USD Mn | 17.91 USD Mn | 14.37 USD Mn |
| 2019 | 71.96 USD Mn | 6.97 USD Mn | 31.46 USD Mn | 18.63 USD Mn | 14.91 USD Mn |
| 2020 | 75.06 USD Mn | 7.19 USD Mn | 32.98 USD Mn | 19.41 USD Mn | 15.48 USD Mn |
| 2021 | 78.63 USD Mn | 7.45 USD Mn | 34.74 USD Mn | 20.31 USD Mn | 16.14 USD Mn |
| 2022 | 82.39 USD Mn | 7.72 USD Mn | 36.59 USD Mn | 21.25 USD Mn | 16.83 USD Mn |
| 2023 | 86.34 USD Mn | 8.00 USD Mn | 38.54 USD Mn | 22.24 USD Mn | 17.56 USD Mn |
| 2024 | 90.50 USD Mn | 8.30 USD Mn | 40.60 USD Mn | 23.28 USD Mn | 18.32 USD Mn |
| 2025 | 94.87 USD Mn | 8.60 USD Mn | 42.78 USD Mn | 24.37 USD Mn | 19.12 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Turkey accounted for the largest market share in 2018 in the Middle East and Africa sodium bicarbonate market, and is expected to reach USD 42.78 Million in 2025 from USD 30.02 Million in 2018.This market is projected to grow at a CAGR of 5.26% during the forecast period from 2019 - 2025. feed segment accounted for the largest market share in 2018, this market is expected to reach USD 41.94 Million in 2025 from USD 29.97 Million in 2018. This market is projected to grow at a CAGR of 4.99% during the forecast period from 2019 - 2025. However, food segment is the fastest growing market, which is expected to grow at a CAGR of 5.06% during the forecast period 2019 - 2025. animal feed segment accounted for the largest market share in 2018, this market is expected to reach USD 25.87 Million in 2025 from USD 17.35 Million in 2018. This market is projected to grow at a CAGR of 5.91% during the forecast period from 2019 - 2025. However, animal feed segment is the fastest growing market, which is expected to grow at a CAGR of 5.91% during the forecast period 2019 - 2025.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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