Sodium Tripolyphosphate Market Status by Manufacturers, Types and Application, H

Posted by Nikhil khadilkar on February 13th, 2019

Sodium Tripolyphosphate is a crystalline powder primarily used for the purpose of cleaning. It is a salt of triphosphoric acid generally used in water softening and food preservation. It exists both in unhydrous as well in the hexahydrate forms. Commercially, Sodium Trypolyphosphate is used in textile industry for dyeing and as emulsifier in food and beverages preservation. Sodium tripolyphosphate is environmentally harmful as it contains higher proportions of phosphate. According to the MRFR analysis, the Global Sodium Tripolyphosphate Market has shown sluggish growth over one and half decade. Restraining factors have greater impact over driving factors in this market which has led Sodium Tripolyphosphate Market to grow at a stagnant CAGR.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2319

Although, global market growth is hampered by stringent government regulations on phosphate based detergents. Additionally, strong competition given by Zeolite which is emerged as substitute and has also restricted growth of this market. The Global Sodium Tripolyphosphate Market was valued at USD 2,250.7 million in 2016 and is projected to reach USD 2,497.7 million by 2023 growing at insignificant CAGR of 1.48% over the review period of 2017-2023. Some of the key players operating in the Global Sodium Tripolyphosphate MARKET are Innophos Holding Inc., Tata Chemicals Ltd., ICL Performance Ltd., Aditya Birla Chemicals, Sumitomo Chemicals Co. Ltd, Merck group, Hubei Xingfa Chemicals Group, Prayon S.A., Haifa Group, and TongVo Chemicals Limited.

The Sodium Tripolyphosphate Market is fragmented on the basis of application, end use, and region. On the basis of application, the market is divided into detergent, cleaning agents, water treatment, food preservative, paints & dying, ceramic tiles, metal treatment, and others. As of 2016, detergent was the most promising application segment by accounting 26% shares and it is anticipated to continue its dominance over the review period by growing at CAGR of 1.40%. Market segmentation based on end use industries includes household cleaning, food & beverages, agriculture, textile, pharmaceuticals, cosmetics, and others. Household cleaning application dominated global market and has accounted for 27% market shares due to increasing household applications. Based on the regions, the Global Sodium Tripolyphosphate Market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2016, Asia Pacific region emerged as global leader in this market and has accounted for 42% of global share. China is one of the key regional markets, driving Asia Pacific Sodium Tripolyphosphate Market globally, due to growing production as well as export activities. As of 2016, it was a major revenue generating country across the globe and had generated USD 518.8 million with a steady CAGR of 1.69%. China was a major exporter to European markets, although, ban on Sodium Tripolyphosphate in Europe region has resulted in overcapacity in China by shrinking consumption.

Browse the market data and information spread across 181 pages with 42 data tables and 11 figures of the report “Sodium Tripolyphosphate Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/sodium-tripolyphosphate-market-2319