Sodium Tripolyphosphate Market Analysis :
Sodium tripolyphosphate (STPP) is an inorganic compound produced by heating a mixture of monosodium phosphate and disodium phosphate. It is used as food preservative and emulsifier for various processed foods such as meats, seafood, poultry, and animal feeds. STTP is one of the important ingredients in manufacture of detergent sand is used in soap &detergent industries, ceramic & clay products manufacturing units, water treatment plants, and paper & pulp industry. Sodium tripolyphosphate is used as a cleaning agent in anti-corrosion pigments, textiles, leather tanning, and metal treatment.
COVID-19 scenario analysis
The pandemic situation has adverse effect on the demand of sodium tripolyphosphate. This is attributed to the fact that major industries are suspended due to increase in price of raw materials, supply chain disruptions, and worldwide lockdown.
The use of sodium tripolyphosphate in textile and ceramic industry have witnessed declining trend, however, the demand for detergents and various cleaning agents are expected to drive STTP usage. Furthermore, increase in hygiene awareness due to corona virus outbreak is surging, which is impacting the use of cleaning agents and disinfectants. Therefore, increase in need to use cleaning agents is anticipated to have a positive impact on the growth of the global STTP market.
Market scenario analysis
Sodium tripolyphosphate is employed in household as well as industrial cleaning process. Detergent is the major consumer to the growth of sodium tripolyphosphate, thus, expansion of the detergents industry is anticipated to drive the overall market growth. In addition, increase in use of STTP in detergent, food, ceramic, and animal feed industries is supplementing the global market growth. In addition to this, surge in usage of STTP in food additives, baking, and food preservatives &processing is driving the STTP demand in food industry.
Market drivers
Rise in applications of STTP in many industries is the primary factor augmenting the market growth. STTP plays a key role in food industry, as it is used in various applications, including preservation, baking, and as additive. Therefore, trend for packaged food products in the food &beverage industry is majorly contributing toward the global market growth.
STTP is used as a water softener, therefore, increases in the demand for water treatment, thus propelling the sodium tripolyphosphate market growth. Technological advancements in washing machine and dish washers have led to the product development. The expansion of the home and personal care industry further drives demand for sodium tripolyphosphate.
Market challenges
Rise in consumer health concerns due to STPP, including skin & eye irritation, chronic toxicity, and genetic toxicity is the challenging factor of the industry growth. Similarly, limited use of sodium tripolyphosphate in various applications due to high level of phosphates in STTP hampers the market growth. In addition, availability of other substitutes at low cost and implementation of strict rules against phosphate-based detergents are expected to adversely affect the sodium tripolyphosphate market during the forecast period.
Regional insights
Asia-Pacific leads the sodium tripolyphosphate market, due to increase in demand for consumer goods, growth of poultry farms, and expansion of industries in the developing countries such as China and India. North America is expected to witness moderate growth, due to expansion of the personal care products industry in the region. On the other hand, Europe is facing stagnant growth, due to stringent government policies against the use of the product.
Key benefits of the report
- This study presents the analytical depiction of the global sodium tripolyphosphate industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sodium tripolyphosphate market share.
- The current market is quantitatively analyzed to highlight the global sodium tripolyphosphate market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global sodium tripolyphosphate market research report:
- Which are the leading players active in the global sodium tripolyphosphate market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Sodium Tripolyphosphate Market, by Application Report Highlights
| Aspects | Details |
 By Application |
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 By End Use |
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 By Region |
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 Key Market Players | Tata Chemicals Limited, Tri-Chem Industries, Sigma-Aldrich Co. LLC., TongVo Chemicals Limited, Société Chimique ALKIMIA, Shifang Sundia, Aditya Birla Chemicals, PRAYON Inc., Hebei Wanye Chemical Stock Limited Corporation, Haifa Chemicals Ltd., The Mosaic Company, Chemical Industry Ltd. Company, Sumitomo Chemical Co., Ltd. |
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