Pune, India -- (SBWIRE) -- 03/09/2018 -- Sodium Tripolyphosphate Market – Market Overview

Sodium Tripolyphosphate is crystalline powder primarily used for the purpose of cleaning. It is salt of triphosphoric acid generally used in water softening and food preservation. It exist both in anhydrous form and as the hexahydrate. Commercially sodium trypolyphosphate is used in textile industry for dying and as emulsifier in food and beverages preservation. Sodium tripolyphosphate is environmentally harmful as it contain higher proportion of phosphate

Growth observed in Sodium Tripolyphosphate Market is stagnant over the last decade. Healthy growth in key end use industries such as household cleaning industry, industrial cleaning and food & beverage industry considered as the major growth driver. Household cleaning industry witnessed phenomenal growth over the past five years expanding at 8.2% CAGR, wherein sodium tripolyphosphate is largely preferred and driving the global demand. On the other hand, restrained factors have been seen impacting relatively higher in this market. This is due to stringent environmental regulations as well as strong competition from zeolite. Due to side effects associated with sodium tripolyphosphate, Europe has banned its consumption and overall consumption has declined greatly due to this scenario. In addition to this, increasing awareness towards the green approach itself promoted the zeolite demand in detergent applications as phosphate based detergent causes pollution.

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The growth in this market is anticipated in personal care and cosmetic industry. Wherein, personal care industry is a developing consumer of sodium tripolyphosphate. It performs essential role of pH adjuster in cosmetic products and being increasingly used in cosmetic industry. Hygiene products have significant demand for pH adjuster which is likely to complement growth of this market. Sodium tripolyphosphate with tetrasodium pyrophosphate is used in bath soaps and oils to increase its efficacy. Additionally, it being increasingly used in the other skin care products such as mouthwashes, hair conditioners, hair dyes and colours, shampoos, colognes, and formulations of bath products. Since the personal care industry was on the rise over the past few years, it is likely to provide growth opportunities for sodium tripolyphosphate in the coming years.

Sodium Tripolyphosphate Market- Competitive Landscape

In competitive landscape, the report studies the key developments adopted by the companies between 2012 and 2017. Players in this market adopted various strategies to expand their footprint and augment their market share. The key in this markets are Innophos Holdings, Inc., Sumitomo Chemical Co., Ltd., Meark Group, Hubei Xingfa Chemicals Group, Prayon S.A., ICL Performance Product, Tata Chemicals Ltd., among others. The effect of competitive rivalry identified among market players is medium to high. As per the industry experts, growth served by this market observed as significant and the global market is moving towards growth stabilization. Other than that, key strategies adopted by the major players are were agreements and collaborations, mergers and acquisitions, joint ventures and expansion.

Due to the environmentally hazardous nature of Sodium Tripolyphospahte, majority of the key end use industries are eliminating the expansion strategies and targeting on producing products with balanced proportion of Sodium Tripolyphosphate. Due to such initiatives, positive demand is anticipated by in major markets in the coming years.

Regional Outlook

Global Sodium Tripolyphosphate Market is dominated by the Asia Pacific with largest market share. China was one of most prominent country level market across the globe and driving the regional demand. Stringent environmental regulations European union has banned sodium tripolyphosphate consumption after 2010. In addition to this, strong competition from zeolite linked with increasing green awareness have held back the regional growth. North America also banned use of sodium tripolyphosphate owing to over proportion use of sodium trypolyphosphate. Increasing global environmental awareness has led to reduced consumption of Sodium Tripolyphosphate.

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