H1 2023: In the first half of 2023, the Sodium Tripolyphosphate market in the US witnessed mixed prices. The price trend of Sodium Tripolyphosphate exhibited varied sentiments in the Asian region throughout Q1 of 2023. At the onset of the quarter, prices experienced a decline attributed to reduced upstream costs. Midway through the quarter, there was an uptick in prices in US, driven by increased consumption. Concurrently, the surge in feedstock costs, influenced by constrained availability contributed to the price escalation. In the final month of the quarter, prices in US saw an increase as a consequence of weak production rates. Initially, in Q2 2023, prices saw an increase, driven by cost support from upstream sources and elevated feedstock prices. The price trend exhibited mixed sentiments in North America. Prices increased in US in April, as inventories, and buyers experienced high offtakes due to high demand from the household cleaner industries, influenced by a decline in consumption rates within the construction sector. Prices fell in the month of May 2023 and then rose in June in US due to enhanced demand from downstream industries, constrained supply from exporters.
The global Sodium Tripolyphosphate market stood at approximately 540 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.56% during the forecast period until 2032.
Sodium tripolyphosphate (STPP) is a key ingredient in laundry and dishwasher detergents, where its water softening properties enhance the effectiveness of detergents. Water treatment processes benefit from STPP as it prevents scale formation and controls water hardness, ensuring optimal efficiency. The food industry relies on STPP as a food additive, contributing to the preservation, emulsification, and sequestration of various products, particularly sea food, meats, and poultry. In industrial applications, STPP serves as a dispersing agent, crucial for suspending solid particles and preventing agglomeration in processes related to ceramics, textiles, and paper production. Additionally, STPP finds application in the textile industry as a levelling agent in dyeing processes, ensuring uniform colour penetration. Its role in flame retardants enhances the fire resistance of materials, while in personal care products like toothpaste and shampoos, STPP acts as a sequestrant and water softener. This array of applications underscores the crucial role of sodium tripolyphosphate in contributing to improved performance, efficiency, and quality across diverse industrial sectors.
The surge in the utilization of sodium tripolyphosphate (STPP) across multiple industries is propelling market growth. STPP assumes a crucial role in the household cleaner industry, which the primary driver. Within cleaning formulations, STPP enhances the capacity of detergents to permeate fibers and various materials, facilitates foaming, and its pH buffering attributes contribute to its efficacy as a water softener. Numerous households cleaning solutions, including those designed for kitchens and bathrooms, incorporate STPP for these advantageous properties. The ongoing expansion of the home and personal care industry further fuels the demand for sodium tripolyphosphate. Consequently, the prevailing inclination towards packaged food products within the food and beverage sector significantly contributes to the global market's expansion. Notably, advancements in technology, particularly in washing machines and dishwashers, have spurred product development in this regard. The heightened applications of STPP across various sectors underscore its pivotal role in addressing diverse industrial needs, with the food industry's reliance on it for preservation and the escalating demand for water treatment standing out as key drivers for its sustained market growth. Additionally, the intersection of technological advancements and the evolving landscape of home and personal care products further solidifies STPP's position as a crucial component in fostering market expansion. While sodium tripolyphosphate (STPP) demonstrates versatility in various applications, its market size is likely to expand in the coming years and is anticipated to reach roughly 760 thousand tonnes by 2032.
Based on region, Asia Pacific region is the largest consumer of Sodium Tripolyphosphate. The Asia Pacific region is poised to maintain its status as the largest consumer of Sodium Tripolyphosphate (STPP) due to robust industrialization, particularly in the food and beverage, water treatment, personal care, and home care sectors. The region's dynamic economic growth, coupled with a burgeoning population and urbanization, fuels increased demand for STPP across diverse applications. As the food industry continues to expand, STPP's role as a preservative and emulsifying agent contributes significantly to its consumption. The need for effective water treatment solutions, driven by population growth and urban development, further enhances the demand for STPP as a water softener. Additionally, ongoing infrastructure projects and technological advancements in manufacturing processes continue to stimulate demand for STPP in construction materials and various industrial applications, consolidating the Asia Pacific region's position as a key hub for Sodium Tripolyphosphate consumption.
Based on the end-user industry, the global Sodium Tripolyphosphate market is divided into Household Cleaning, Leather, Food & Beverages, Dye, and Others. Among these, Household Cleaning industry dominates the global Sodium Tripolyphosphate market.
Major players in the Global Sodium Tripolyphosphate market are Tata Chemicals Limited, Haifa Chemicals Ltd., Sumitomo Chemical Co., Ltd., Shifang Sundia, Société Chimique ALKIMIA, Hebei Wanye Chemical Stock Limited Corporation, Chemical Industry Ltd. Company, The Mosaic Company, Aditya Birla Chemicals, and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Tripolyphosphate which covers production, demand and supply of Sodium Tripolyphosphate market in the globe.
• To analyse and forecast the market size of Sodium Tripolyphosphate
• To classify and forecast Global Sodium Tripolyphosphate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Tripolyphosphate market in the globe.
To extract data for Global Sodium Tripolyphosphate market, primary research surveys were conducted with Sodium Tripolyphosphate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sodium Tripolyphosphate market over the coming years.
ChemAnalyst calculated Sodium Tripolyphosphate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Sodium Tripolyphosphate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Tripolyphosphate manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Tripolyphosphate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Tripolyphosphate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sodium Tripolyphosphate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
540 thousand tonnes
Market size Volume in 2032
760 thousand tonnes
Growth Rate
CAGR of 3.56% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Household Cleaning, Leather, Food & Beverages, Dye, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Sodium Tripolyphosphate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Sodium Tripolyphosphate.
3. Capacity By Location
To better understand the regional supply of Sodium Tripolyphosphate by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Sodium Tripolyphosphate by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Household Cleaning, Leather, Food & Beverages, Dye, and Others) are creating a market and the forecast for the growth of the Sodium Tripolyphosphate market.
7. Demand by Region
Analyzing the change in demand of Sodium Tripolyphosphate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Sodium Tripolyphosphate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Sodium Tripolyphosphate.
10. Company Share
Figure out what proportion of the market share of Sodium Tripolyphosphate is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Sodium Tripolyphosphate.
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What was the net market size of Sodium Tripolyphosphate in terms of volume in 2022?
Ans:
The global market size of Sodium Tripolyphosphate had reached approximately 540 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Sodium Tripolyphosphate?
Ans:
Asia Pacific region is the leading consumer of Sodium Tripolyphosphate globally.
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