Press release
Sodium Tripolyphosphate Market Size by Key Players: Innophos Holdings Inc., Sigma-Aldrich, Hubei Xingfa Chemicals Group Co. Ltd., Aditya Birla Chemicals, ABCR GmbH, CheMall Corporation, ParChem, Tianyuan Group, Guizhou Zhongshen Phosphates Chemical, SDIC
Global Market Insights, Inc.
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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.
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.
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.
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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.
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.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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