Sodium Tripolyphosphate Market Analysis, Growth by Top Companies, Trends and Application, Forecast Analysis to 2024
Date: 2018-10-22   Author: Ronak Bora  Category: #industry

Sodium Tripolyphosphate Market Analysis, Growth by Top Companies, Trends and Application, Forecast Analysis to 2024

Sodium Tripolyphosphate Market is segmented on the basis of formulation as liquid, powder, tablets and gels. Dry powder dominates the overall industry in this segment. Technological advancement in machinery along with cleaning application developments has resulted in innovative products including pellets large crystal.

Sodium Tripolyphosphate Market size is an inorganic compound extensively used in cleaning applications as a detergent builder. Superior buffering properties, dispersing dirt particles and emulsifying fats are the considerable factors enhancing the product consumption.

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Global sodium tripolyphosphate consumption was more than 3 million tons in 2015. Strong potential applications in detergent, food, ceramic and animal feed industry will fuel the demand. STPP commonly exists in white free-flowing powder form that is free from visible impurities.Global food additives market was more than USD 30 billion in 2015. Extensive usage in food additives, baking, food preservatives and processing support the sodium tripolyphosphate market growth in food industry. Sequestrant, thickener and texturizer are some of the widely used STPP contained food additives. Regulatory compliance for product usage in food and drug additive has positively influenced the demand in the recent years.

Sodium tripolyphosphate is widely used in household as well as industrial cleaning process. Detergent builder is the major contributor of the overall STTP consumption. Increasing household detergent consumption along with rise in laundry technologies will drive the demand in the forecast period. Household cleaning applications account for more than 80% of the total industry.

High application scope in ceramics, leather tanning and textile industries will positively influence the sodium tripolyphosphate market. Increasing consumption as dispersing agent in ceramic processing accompanied by growing uses in cement-based materials will propel the industry growth. The product supports in reduction of glazes to certain limit in ceramic industry. Rising range of applications including paints, paper, toothpaste, flame retardant and rubber has enhanced the product penetration. It is used as oil-resistant agent in paper and pigment dispersant in paints.

Rising demand for compact and regular detergents along with increasing consumption in surface cleaners and toilet cleaners are the factors influencing the price trends. Technological advancements in washing machines and automatic dish washers has enhanced the product development. High pH buffering, prevention from deposition and high dissolving properties are the factors influencing the sodium tripolyphosphate market in this segment.

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Increasing demand for water treatment will trigger the sodium tripolyphosphate market. Extensive usage in water softeners owing to its sequestration of water hardness property encouraged the product innovations. Water hardness maintenance is the vital part of the laundry industry. STTP comprises for over 35% in laundry detergents and more than 5% in household washing detergents. Government and institutional regulations acclaim STPP content must be less than 2%, owing to the rising consumer health concerns. 

Asia Pacific sodium tripolyphosphate market is estimated to witness high gains in the forecast period. Rising food and detergent industry expansion in region will drive the demand. Increasing production facilities coupled with heavy manufacturer investments in the emerging economies will propel the industry growth. China sodium tripolyphosphate market will observe significant growth in estimated timeframe with large presence of production plants, owing to abundant resource availability. China is one of the leading contributors accounting for more than 40% of the global STPP market.

Europe sodium tripolyphosphate market is estimated to witness stagnant growth rates. EU household detergent market was over 25 billion in 2015. Stringent government regulations on the product usage particularly in this region has influenced the industry trends. Increasing domestic usage in laundry detergents along with high exports enhanced the regional demand. Europe accounts for around 10% of the overall STPP production.

North America, driven by the U.S. sodium tripolyphosphate market will witness high gains in the forecast period with the presence of major manufacturers. Expansion in cleaning product industry in this region will drive the sodium tripolyphosphate market share. Increasing usage in laundry detergent, industrial detergent and dishwasher detergent are the driving factors of the regional demand.

Rising consumer health concerns due to STPP including skin & eye irritation, chronic toxicity, genetic toxicity and carcinogenicity are the restraining factors of the industry growth. Stringent regulations particularly in Europe along with large presence of substitutes may hamper the sodium tripolyphosphate market size. Environmental effects including aquatic ecology and soil effects are also crucial aspects of the industry growth.

Global sodium tripolyphosphate market is consolidated with the chief manufacturers. The key players include Innophos Holdings Inc., Sigma-Aldrich, Hubei Xingfa Chemicals Group Co. Ltd. and Aditya Birla Chemicals.
Production capacity expansions in the emerging economies, supply agreements and mergers & acquisitions are the major strategies adopted by the companies. These strategies improve the geographical coverage, enhance distribution network and market position. Other considerable industry participants include ABCR GmbH, CheMall Corporation, ParChem, Tianyuan Group, Guizhou Zhongshen Phosphates Chemical, SDIC and Yuntianhua Group.



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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