Press release
Global Sodium Tripolyphosphate Market is required to achieve USD 8.1 billion by 2022 at Growth Rate of 6.8%
Synopsis of Sodium Tripolyphosphate Market
The Global sodium tripolyphosphate is expected to witnessed a significant growth of ~8.1 billion by 2022 with CAGR of ~6.8% between 2016 to 2022.
Sodium Tripolyphosphate is found as stabilizer in many preserved food mixes. It is found as white powder that improves whipping properties of egg cake mix and meringues. Sodium Tripolyphosphate (STPP) has been used in large application such as cleaning agent, detergent, ceramics and water treatment chemicals. The demand for food & beverage industries owing to growing population is expected to drive the growth of sodium Tripolyphosphate market. Growing demand of modular structures with improved infrastructure facility particularly in emerging economies has driven the demand for sodium tripolyphosphate market. Sodium tripolyphosphate is widely used as preservatives and emulsifier in food production. These will enhance the demand of sodium tripolyphosphate in seafood, meat preserving industry and fruit juice packaging industry. In medical industry, growing use of dispersant has driven the growth of sodium tripolyphosphate market. Sodium tripolyphosphate prevents deterioration and inhibit bacteria acting as feed additive in agriculture industry. Thus, it is produced on large scale as a component for industrial products. Fluctuating prices of sodium tripolyphosphate and stringent regulations for food & beverage industries regarding usage of chemicals in several countries has forced major players in market to look out for alternatives. Thus, this in turn is restraining factor affecting the growth of STPP over the forecasted period.
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Study Objectives of Sodium Tripolyphosphate Market:
• To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Sodium Tripolyphosphate Market
• To understand the supply and demand dynamics including supply and consumption concentration mapping
• To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
• To provide competitor positioning of the market
• To provide company profiling of major players in the market along with their production and capacity
• To provide regional trade analysis
• To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
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Key Players
Key players of the global high Sodium Tripolyphosphate market are
• FMC Foret SA (Spain)
• Alfa Aesar (U.S)
• Hubei Xingfa Chemical Group Co.Ltd (China)
• ICL Performance Products LP (U.S)
• Innophos Inc (U.S)
• Quimir SA de CV (North America)
• Handan Yushuo chemical Co. Ltd (China)
• The Mosaic Company (U.S)
• Shanghai Tianyuan (Group) Corp. (China)
• Aditya Birla Chemicals Pvt. Ltd (India)
Competitive Insights
FMC Foret SA (Spain), Alfa Aesar (U. S), Hubei Xingfa Chemical Group Co. Ltd (China), Handan Yushuo chemical Co. Ltd (China), The Mosaic Company (U.S), Shanghai Tianyuan (Group) Corp. (China) has dominated the global sodium tripolyphosphate market share in 2016.
Companies including Alfa Aesar and FMC Foret SA are integrated across numerous stages of the value chain. These companies are engaged in raw material production, which are consumed for manufacturing Sodium Tripolyphosphate.
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Intended Audience
• Sodium Tripolyphosphate manufacturers
• Traders and distributors of Sodium Tripolyphosphate
• Application industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory
Regional Analysis
Geographically, maximum consumer of Sodium Tripolyphosphate market is in Asia-Pacific followed by Europe and all of them contributes greatly in the growth of the market. China is largest producer of sodium tripolyphosphate with presence of large scale industrial units to tap abundant resources. Growing demand of cleaning products, paints and water treatment chemicals in Asia-Pacific is expected to drive the market in near future. In Europe, stringent regulations of government regarding usage of chemicals in food & beverage and detergent industry has led manufacturers in these regions to switch to eco-friendly products. Thus, sodium tripolyphosphate market in Europe is seen sluggish growth in coming years.
Geographic Analysis
The report covers brief analysis of geographical region such as:
North America
• US
• Canada
Europe
• Germany
• France
• Italy
• Netherlands
• U.K
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
• RoW
South America
Middle East
Africa
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Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
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Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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