Sodium Tripolyphosphate Market Research Report- Forecast to 2023

Sodium Tripolyphosphate Market Research Report- Forecast to 2023

ID: MRFR/CnM/1704-CRR | November, 2017 | Region: Global | 181 pages | Cooked Research Reports

Global Sodium Tripolyphosphate Market: by Application (Detergent, Cleaning Agent, Water Treatment, Food Preservation, Paints & Dying, Ceramic Tiles, Metal Treatment, and Others), by End Use (Household Cleaning, Food & Beverages, Agriculture, Textile, Pharmaceuticals, Cosmetics and Others ) and Region - Forecast till 2023  


Synopsis of Sodium Tripolyphosphate:


Sodium Tripolyphosphate is a crystalline powder primarily used for the purpose of cleaning. It is a salt of triphosphoric acid generally used in water softening and food preservation. It exists both in unhydrous as well in the hexahydrate forms. Commercially, Sodium Trypolyphosphate is used in textile industry for dyeing and as emulsifier in food and beverages preservation. Sodium tripolyphosphate is environmentally harmful as it contains higher proportions of phosphate.


According to the MRFR analysis, the Global Sodium Tripolyphosphate Market has shown sluggish growth over one and half decade. Restraining factors have greater impact over driving factors in this market which has led Sodium Tripolyphosphate Market to grow at a stagnant CAGR. Healthy growth in end use industries is the only growth driver identified in this market, wherein, household cleaning industry was the major contributor. Additionally, food & beverage industry extensively uses Sodium Tripolyphosphate for preservation purpose, which in turn, encouraged its demand. Although, global market growth is hampered by stringent government regulations on phosphate based detergents. Specifically, European Union has banned Sodium Tripolyphosphate across the region due to its environmentally hazardous nature. Additionally, strong competition given by Zeolite which is emerged as substitute and has also restricted growth of this market. The Global Sodium Tripolyphosphate Market anticipated to have growth opportunities on account of its use in home and personal care. It is used as pH adjuster in hygiene products is expected to provide growth prospects. The Global Sodium Tripolyphosphate Market was valued at USD 2,250.7 million in 2016 and is projected to reach USD 2,497.7 million by 2023 growing at insignificant CAGR of 1.48% over the review period of 2017-2023.


Global Sodium Tripolyphosphate Market, by Application 2016 (%):
Sodium Tripolyphosphate Market


Regional Analysis:


Based on the regions, the Global Sodium Tripolyphosphate Market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2016, Asia Pacific region emerged as global leader in this market and has accounted for 42% of global share. China is one of the key regional markets, driving Asia Pacific Sodium Tripolyphosphate Market globally, due to growing production as well as export activities. As of 2016, it was a major revenue generating country across the globe and had generated USD 518.8 million with a steady CAGR of 1.69%. China was a major exporter to European markets, although, ban on Sodium Tripolyphosphate in Europe region has resulted in overcapacity in China by shrinking consumption.


North America was the second largest regional market which has accounted for over one fourth of the global market share. The region has banned Sodium Tripolyposphate due to over proportion use of phosphate in detergents in order to eliminate environmental impact. Growth in this region is attributed to contribution of the U.S. in this region along with increasing demand for food preservation. The European region experienced drastic changes in terms of Sodium Tripolyphosphate consumption and production due to stringent government regulation, growing awareness towards eco-friendly products coupled with governments green approach. This has led Europe to grow at sluggish CAGR of 1.13%over the last decade.


Segmentation:


The Sodium Tripolyphosphate Market is fragmented on the basis of application, end use, and region. On the basis of application, the market is divided into detergent, cleaning agents, water treatment, food preservative, paints & dying, ceramic tiles, metal treatment, and others. As of 2016, detergent was the most promising application segment by accounting 26% shares and it is anticipated to continue its dominance over the review period by growing at CAGR of 1.40%. Market segmentation based on end use industries includes household cleaning, food & beverages, agriculture, textile, pharmaceuticals, cosmetics, and others. Household cleaning application dominated global market and has accounted for 27% market shares due to increasing household applications.


Key Players:


Some of the key players operating in the Global Sodium Tripolyphosphate MARKET are Innophos Holding Inc., Tata Chemicals Ltd., ICL Performance Ltd., Aditya Birla Chemicals, Sumitomo Chemicals Co. Ltd, Merck group, Hubei Xingfa Chemicals Group, Prayon S.A., Haifa Group, and TongVo Chemicals Limited.


Geographic Analysis:


The report covers brief analysis of geographical region such as:

North America 



  • U.S.

  • Canada


Europe


  • Germany

  • UK

  • Russia

  • France

  • Spain

  • Italy

  • Rest of Europe


Asia Pacific


  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia Pacific


Latin America


  • Brazil

  • Argentina

  • Rest of Latin America


Middle East & Africa


  • Israel

  • UAE

  • Saudi Arabia

  • Iran

  • Rest of Middle East & Africa


Key Findings:


Global Sodium Tripolyphosphate (STPP) Market is projected to reach USD 2,497.7 million by 2023, expanding at a CAGR of 1.48% over the review period of 2017 to 2023.  Asia Pacific accounted for the largest share of around 42% driven by being largest producer and consumer of STPP. China was the major revenue generating country in Asia Pacific region and has generated overall revenue of USD 518.8 million as of 2016. Based on application detergents was the most promising segment accounted for largest global share of 26% and growing at CAGR of 1.40%. On the other hand, household cleaning application emerged as a key consumer of STPP by accounting 28% shares and it is expected to continue its dominance due to growing household cleaning applications. 


Intended Audience



  • Sodium Tripolyphosphate Manufacturers

  • Traders and distributors of Sodium Tripolyphosphate

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

License

Single User Enterprise User (Buy Premium Reports Chapterwise)
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TABLE OF CONTENTS

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Sodium Tripolyphosphate Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7.1 Introduction

7.2 Detergent

7.2.1 Market Estimates & Forecast, 2016-2023

7.2.2 Market Estimates & Forecast by Region, 2016-2023

7.3 Cleaning Agent

7.3.1 Market Estimates & Forecast, 2016-2023

7.3.2 Market Estimates & Forecast by Region, 2016-2023

7.4 Food Preservation

7.4.1 Market Estimates & Forecast, 2016-2023

7.4.2 Market Estimates & Forecast by Region, 2016-2023

7.5 Water Treatment

7.5.1 Market Estimates & Forecast, 2016-2023

7.5.2 Market Estimates & Forecast by Region, 2016-2023

7.6 Paints & Dyeing

7.6.1 Market Estimates & Forecast, 2016-2023

7.6.2 Market Estimates & Forecast by Region, 2016-2023

7.7 Ceramic Tiles

7.7.1 Market Estimates & Forecast, 2016-2023

7.7.2 Market Estimates & Forecast by Region, 2016-2023

7.8 Metal Treatment

7.8.1 Market Estimates & Forecast, 2016-2023

7.8.2 Market Estimates & Forecast by Region, 2016-2023

7.9 Others

7.9.1 Market Estimates & Forecast, 2016-2023

7.9.2 Market Estimates & Forecast by Region, 2016-2023

8.1 Introduction

8.2 Household Cleaning

8.2.1 Market Estimates & Forecast, 2016-2023

8.2.2 Market Estimates & Forecast by Region, 2016-2023

8.3 Food & Beverage

8.3.1 Market Estimates & Forecast, 2016-2023

8.3.2 Market Estimates & Forecast by Region, 2016-2023

8.4 Agriculture

8.4.1 Market Estimates & Forecast, 2016-2023

8.4.2 Market Estimates & Forecast by Region, 2016-2023

8.5 Industrial

8.5.1 Market Estimates & Forecast, 2016-2023

8.5.2 Market Estimates & Forecast by Region, 2016-2023

8.6 Textile

8.6.1 Market Estimates & Forecast, 2016-2023

8.6.2 Market Estimates & Forecast by Region, 2016-2023

8.7 Pharmaceuticals

8.7.1 Market Estimates & Forecast, 2016-2023

8.7.2 Market Estimates & Forecast by Region, 2016-2023

8.8 Cosmetics

8.8.1 Market Estimates & Forecast, 2016-2023

8.8.2 Market Estimates & Forecast by Region, 2016-2023

8.9 Others

8.9.1 Market Estimates & Forecast, 2016-2023

8.9.2 Market Estimates & Forecast by Region, 2016-2023

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2016-2023

9.2.2 Market Estimates & Forecast by Application, 2016-2023

9.2.3 Market Estimates & Forecast by End Use, 2016-2023

9.2.4 US

9.2.5 Canada

9.3 Europe

9.3.1 Market Estimates & Forecast, 2016-2023

9.3.2 Market Estimates & Forecast by Application, 2016-2023

9.3.3 Market Estimates & Forecast by End Use, 2016-2023


9.3.4 Germany

9.3.5 France

9.3.6 Italy

9.3.7 Spain

9.3.8 UK


9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2016-2023

9.4.2 Market Estimates & Forecast by Application, 2016-2023

9.4.3 Market Estimates & Forecast by End Use, 2016-2023


9.4.4 China


9.4.5 India

9.4.6 Japan

9.4.7 South Korea

9.4.8 Rest of the Asia Pacific


9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2016-2023

9.5.2 Market Estimates & Forecast by Application, 2016-2023

9.5.3 Market Estimates & Forecast by End Use, 2016-2023

9.5.4 Turkey

9.5.5 Israel

9.5.6 North Africa

9.5.7 GCC

9.5.8 Rest of Middle East & Africa

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2016-2023

9.6.2 Market Estimates & Forecast by Application, 2016-2023

9.6.3 Market Estimates & Forecast by End Use, 2016-2023

9.6.4 Brazil

9.6.5 Argentina

9.6.6 Rest of Latin America

11.1 Innophos Holding Inc

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments


11.2 Tata Chemicals Ltd

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments


11.3 ICL Performance Ltd

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments


11.4 Aditya Birla Chemicals

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments


11.5 Sumitomo Chemicals Co,. Ltd

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments


11.6 Merck group

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments


11.7 Hubei Xingfa Chemicals Group

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments


11.8 Prayon S.A.

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments


11.9 Haifa Group

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments


11.10 TongVo Chemicals Limited

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

Table 1 World Population by Major Regions (2016 To 2030)

Table 2 Global Sodium Tripolyphosphate Market: By Region, 2016-2023

Table 3 North America Sodium Tripolyphosphate Market: By Country, 2016-2023

Table 4 Europe Sodium Tripolyphosphate Market: By Country, 2016-2023

Table 5 Asia-Pacific Sodium Tripolyphosphate Market: By Country, 2016-2023

Table 6 Middle East & Africa Sodium Tripolyphosphate Market: By Country, 2016-2023

Table 7 Latin America Sodium Tripolyphosphate Market: By Country, 2016-2023

Table 8 Global Sodium Tripolyphosphate by Application Market: By Regions, 2016-2023

Table 9 North America Sodium Tripolyphosphate by Application Market: By Country, 2016-2023

Table 10 Europe Sodium Tripolyphosphate by Application Market: By Country, 2016-2023

Table 11 Asia-Pacific Sodium Tripolyphosphate by Application Market: By Country, 2016-2023

Table 12 Middle East & Africa Sodium Tripolyphosphate by Application Market: By Country, 2016-2023

Table 13 Latin America Sodium Tripolyphosphate by Application Market: By Country, 2016-2023

Table 14 Global Sodium Tripolyphosphate by End Use Market: By Regions, 2016-2023

Table 15 North America Sodium Tripolyphosphate by End Use Market: By Country, 2016-2023

Table 16 Europe Sodium Tripolyphosphate by End Use Market: By Country, 2016-2023

Table 17 Asia-Pacific Sodium Tripolyphosphate by End Use Market: By Country, 2016-2023

Table 18 Middle East & Africa Sodium Tripolyphosphate by End Use Market: By Country, 2016-2023

Table 19 Latin America Sodium Tripolyphosphate by End Use Market: By Country, 2016-2023

Table 20 North America Sodium Tripolyphosphate for Application Market: By Country, 2016-2023

Table 21 Europe Sodium Tripolyphosphate for Application Market: By Country, 2016-2023

Table 22 Asia-Pacific Sodium Tripolyphosphate for Application Market: By Country, 2016-2023

Table 23 Middle East & Africa Sodium Tripolyphosphate for Application Market: By Country, 2016-2023

Table 24 Latin America Sodium Tripolyphosphate for Application Market: By Country, 2016-2023

Table 25 Global Application Market: By Region, 2016-2023

Table 26 Global Application Market: By Region, 2016-2023

Table 27 Global End Use Market: By Region, 2016-2023

Table 28 North America Sodium Tripolyphosphate Market, By Country

Table 29 North America Sodium Tripolyphosphate Market, By Application

Table 30 North America Sodium Tripolyphosphate Market, By End Use

Table 31 Europe: Sodium Tripolyphosphate Market, By Country

Table 33 Europe: Sodium Tripolyphosphate Market, By Application

Table 33 Europe: Sodium Tripolyphosphate Market, By End Use

Table 34 Asia-Pacific: Sodium Tripolyphosphate Market, By Country

Table 35 Asia-Pacific: Sodium Tripolyphosphate Market, By Application

Table 36 Asia-Pacific: Sodium Tripolyphosphate Market, By End Use

Table 37 Middle East & Africa: Sodium Tripolyphosphate Market, By Country

Table 38 Middle East & Africa Sodium Tripolyphosphate Market, By Application

Table 39 Middle East & Africa Sodium Tripolyphosphate Market, By End Use

Table 40 Latin America: Sodium Tripolyphosphate Market, By Country

Table 41 Latin America Sodium Tripolyphosphate Market, By Application

Table 42 Latin America Sodium Tripolyphosphate Market, By End Use

FIGURE 1 Global Sodium Tripolyphosphate Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Sodium Tripolyphosphate Market

FIGURE 4 Value Chain of Global Sodium Tripolyphosphate Market

FIGURE 5 Share of Global Sodium Tripolyphosphate Market in 2016, by country (in %)

FIGURE 6 Global Sodium Tripolyphosphate Market, 2016-2023,

FIGURE 7 Sub-segments of End Use

FIGURE 8 Global Sodium Tripolyphosphate Market size by Application, 2016

FIGURE 9 Share of Global Sodium Tripolyphosphate Market by Application 2016 to 2023

FIGURE 10 Global Sodium Tripolyphosphate Market size by End Use, 2016

FIGURE 11 Share of Global Sodium Tripolyphosphate Market by End Use, 2016 to 2023