Global Sodium Tripolyphosphate Market:TRENDS ANALYSIS AND FORECASTS UP TO 2021
Added: (Thu Mar 09 2017)
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Global Sodium Tripolyphosphate Market was 3.x million tons. The global sodium tripolyphosphate market is projected to reach USD X.xx billion by 2022, growing with a CAGR of 5.5% to 6.0%from 2016 to 2022. Sodium tripolyphosphate is the alkaline salt form of sodium phosphoric acid. It is an inorganic odourless white coarse powder, which dissolves in water. Sodium tripolyphosphate is used as an additive to make the seafood products, firm, glossier, and smoother. Moreover, STPP is used for processing of meats, modified starch, as well as sausage. It increases the pH value of meat and seafood, and hence the water retention capacity of those increases. STPP find application in the preservation of milk as well as fruit juice products. STPP is a good cleaning agent and it softens the hard water for easy foaming. Moreover, it helps the surfactants that dissolve the dirt to function effectively. Hence, STPP find applications in detergents industry for the manufacturing of detergents, dish washing products, soaps, and various other household and industrial cleaning products. STPP also find applications in industries such as cement, ceramics, paints, paper, and leather.
The demand from the food and beverages industries is expected to drive the growth of the Global Sodium Tripolyphosphate Market. The increase in demand for cleaning products in the emerging economies is further expected to drive the growth of the sodium tripolyphosphate market. Fluctuating Prices of STPP is a challenge for the major players in the market due to changing consumption patterns around the world. Stringent government regulations for food and beverages industry in several countries are expected to force many industries to look for the alternatives of sodium tripolyphosphate (STPP). This in turn is likely to be the major restraining factor affecting the growth of STPP over the forecast period. Polysaccharides are expected to pose serious threat to sodium tripolyphosphate, as an alternative in near future, as they are cheaper and eco-friendly.
The report segments the global sodium tripolyphosphate market by application, and region. On the basis of application, the market is segmented as ceramic tiles, detergent, food additives, metal treatment, paints, water treatment, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific region leads the global STPP market, as China is the largest producer of sodium tripolyphosphate, with a market share of more than 40% in 2014 and 2015. Major STTP industrial units are present in china to tap the abundant resources. The decrease in export of STPP from China is expected to affect the Asia-Pacific market slightly, as China is a major exporter of STTP. However, the demand for detergent products and institutional cleaning products in the region are expected to drive the market in the near future. In Europe, the stringent laws are likely to affect the growth of STPP consumption in detergent industry, as detergent manufactures are expected to look for eco-friendly alternatives. In North America, government regulations affect the growth of the STTP market in the region. In South America, the relaxed regulations and the demand for cleaning products in Brazil and other countries are expected to drive the STPP market over the forecast period. The major industrial players in the STTP market have invested in many emerging nations to expand their business, as there are more opportunities to grow, when compared to the matured economies, where stringent regulations restricts potential.
Companies Profiled: The companies covered in the report include Alfa Aesar, FMC Foret SA, Hubei Xingfa Chemical Group Co.Ltd, ICL Performance Products LP, Innophos Inc, Sichuan Jianguang Industrial Group Co.Ltd, The Mosaic Company, Tianyuan Group, Quimir SA de CV, and Wengfu Group Co.Ltd.