Synopsis of Sodium Tripolyphosphate:-
The sodium tripolyphosphate (STPP) market is divided into five key regions, Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As of 2016, Asia Pacific market had accounted for 42% of global share and dominated global market both in terms of value and volume by growing at CAGR 1.70% and 1.36% respectively. The region likely to retain its dominance throughout the forecast period by being largest producer as well as consumer.
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After Asia Pacific, North America held the second largest market share in the global sodium tripolyphosphate market. The U.S. is driving the North American STPP market on account of massive demand for food preservation and emulsification. In terms of value the regional market is estimated at USD 372.4 million in 2016 and it is anticipated to surpass USD 410 million during the forecast period.
Key Players:-
The key players of epoxy resin report include Innophos Holding Inc. (US), Tata Chemicals Ltd (India)., ICL Performance Ltd. (US), Aditya Birla Chemicals (India), Sumitomo Chemicals Co, Ltd (Japan) Merck group (Germany), Hubei Xingfa Chemicals Group (China), Prayon S.A. (Belgium), Haifa Group (Isreal), and TongVo Chemicals Limited (China)
Segment Analysis:-
The Global Sodium Tripolyphosphate Market is segmented into application, end use, and region. Market segmentation based on application includes detergents, water treatment agents, food preservation, metal treatment, ceramic tiles, paints & dyeing, and others. Sodium Tripolyphosphte is used for cleaning purpose, therefore, its primary application is detergents which has dominated the global market. As of 2016, detergent application segment accounted for 26% of global shares growing at CAGR of 1.40%. Food preservation application was the dynamic segment and had registered at the highest CAGR of 1.72% due to food & beverages industrial growth.
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Furthermore, based on end use industries market has been segmented into household cleaning, food & beverages, industrial, agriculture, textile, pharmaceuticals, cosmetics, and others. Household cleaning industry held major share and emerged as global leader in Sodium Tripolyphosphate Market as of 2016. It is the major revenue generating segment as well and has generated overall revenue of USD 627.2 million growing at a CAGR of 1.24%.
On the other hand, food & beverages is an dynamic end use in.dustry for STPP for the purpose of food preservation and emulasification. The industry has been extevsively using STPP over the past five years to preserve food and beverage, which has led this industry to grow at the highest estimated CAGR of 1.62%.
Regional Analysis:-
The Global Sodium Tripolyphosphate Market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. According to the MRFR analysis, Asia Pacific was the most promising region in terms of production as well as consumption as of 2016.
The region has accounted for the largest market share of 42% followed by North America at 24%. China is single handedly driving Asia Pacific STPP market by being the largest exporter across the globe. After Asia Pacific, North America was the second largest market projected to surpass USD 590 million over during the forecast period.
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List of Tables:-
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Sodium Tripolyphosphate Market: By Region, 2016-2023
Table 3 North America Sodium Tripolyphosphate Market: By Country, 2016-2023
Table 4 Europe Sodium Tripolyphosphate Market: By Country, 2016-2023
Table 5 Asia-Pacific Sodium Tripolyphosphate Market: By Country, 2016-2023
Table 6 Middle East & Africa Sodium Tripolyphosphate Market: By Country, 2016-2023
To Be Continue……
List of Figures:-
FIGURE 1 Global Sodium Tripolyphosphate Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Sodium Tripolyphosphate Market
FIGURE 4 Value Chain Of Global Sodium Tripolyphosphate Market
FIGURE 5 Share Of Global Sodium Tripolyphosphate Market In 2016, By Country (In %)
FIGURE 6 Global Sodium Tripolyphosphate Market, 2016-2023,
FIGURE 7 Sub-Segments Of End Use
To Be Continue….
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