Enjoy complimentary customisation on priority with our Enterprise License!
The sodium tripolyphosphate market size has the potential to grow by USD 190.26 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (detergent and cleaning products, food and beverages, water treatment, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Grasim Industries Ltd., Haifa Group, Hubei Xingfa Chemicals Group Co. Ltd., Innophos Holdings Inc., Israel Chemicals Ltd., Merck KgaA, Prayon Group, Sumitomo Chemicals Co. Ltd., Tata Chemicals Ltd., and Thermo Fisher Scientific Inc.
The market is fragmented. Merck KgaA, Prayon Group, Sumitomo Chemicals Co. Ltd., Tata Chemicals Ltd., and Thermo Fisher Scientific Inc. are some of the major market participants. Although the growth in the processed food industry will offer immense growth opportunities, the environmental and health hazards will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this sodium tripolyphosphate market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this sodium tripolyphosphate market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
APAC was the largest sodium tripolyphosphate market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The emerging end-user industries of STPP, such as pharmaceuticals and agrochemicals and the growing investments in developing countries by agrochemical manufacturers, will significantly drive sodium tripolyphosphate market growth in this region during the forecast period.
Almost 51% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for sodium tripolyphosphate in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Sodium tripolyphosphate (STPP) is widely used in the manufacturing of industrial and institutional detergents and cleaning products. This is because STPP regulates alkalinity and protects washing machines from corrosion.
The sodium tripolyphosphate market share growth by the detergents and cleaning products segment will be faster than the growth of the market by the other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the sodium tripolyphosphate market size.
Changing consumer behavior and the thriving processed food industry are likely to have a significant influence on the global sodium tripolyphosphate market growth during the forecast period. STPP is widely used in convenience foods and the fast-food industry as it exhibits moisture retention, improves texture, and increases the shelf life of products. STPP is used as a pH regulator, emulsifier, chelating agent, stabilizer, preservative, and thickening agent in red meat, poultry, dairy products, canned food, and seafood. The global demand for processed meat and milk products is rising and is subsequently increasing sales of sodium tripolyphosphate. Therefore, the growing processed food industry has been identified as one of the major STPP market growth drivers.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
