Sarasota, FL -- (SBWIRE) -- 07/06/2017 -- Zion Market Research, the market research group announced the analysis report titled "Sodium Phosphate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Global Sodium Phosphate Market: Overview

A range of salts of phosphate and sodium are clubbed into a term sodium phosphate. Sodium phosphates have several applications in which its prime use is in the water treatment and food & beverages industry. Sodium phosphates are mainly used as emulsifiers, thickening agents, and leaving agents for the products that are baked. Sodium phosphate is majorly used in the shampoos, oral hygiene products, hair conditioners, hair dyes, bath products, fragrances, several makeup items, and skincare products due to its exceptional cleansing properties.

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Global Sodium Phosphate Market: Segmentation

The global market for sodium phosphate is fragmented into its product type, application, and source. On the basis of product type, the global market is segregated into trisodium phosphate, monobasic sodium phosphate, and disodium phosphate. Based on the application, the market is categorized into fertilizers, metal finishing, personal care, food & beverages, detergents, and water treatment chemicals. Depending on the source, the global market is divided into igneous & weathered rock, sedimentary marine deposits, and biogenic.

Global Sodium Phosphate Market: Growth Factors

The sodium phosphate of food grade is widely used as food additive in the food and beverages industry thus increasing its demand in the global market. The water retention capability and buffering capacity sequestration features of the food grade sodium phosphates are increasing the demand of sodium phosphate. Other factors that anticipate driving the market growth is the growing spending capacity of the consumers along with their changing food preferences contributes to the increased demand for the product in the market. The rise in the production of the crops has improved the sales of sodium phosphate. Increase in the consumption of meat due to growing demand for the animal feed, increasing need for the water treatment chemicals are some other factors that are driving the sales of the market. The challenges that are faced by the sodium phosphate market are the reducing supply of the phosphate and the strict rules that are implemented by the use of sodium phosphate in the detergents.

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Global Sodium Phosphate Market: Regional Analysis

Region-wise, the global sodium phosphate market is diversified into Eastern Europe, North America, Asia-Pacific, the Middle East and Africa, Western Europe, and Latin America. The major market share in the market for sodium phosphate is held by Asia Pacific region. Factors contributing to this growth are the increasing population and the increasing inclination of the consumers towards food further affecting the market growth positively. The emerging nations such as India and China are the key countries where it is expected that the market will enhance owing to the huge demand for the processed foods and the growing population. Other regions such as North America and Europe are also expected to gain a significant growth in the market in the coming years.

Global Sodium Phosphate Market: Competitive Players

The key market players that are involved in the sodium phosphate market include S.A. OCP, PJSC PhosAgro AG, EuroChem, Innophos Holdings, Inc., The Mosaic Company, Potash Corporation of Saskatchewan Inc., Agrium Inc., Saudi Arabian Mining Company, Israel Chemicals Ltd., and others.

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Global Sodium Phosphate Market: Regional Segment Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa