Global Sodium Tripolyphosphate Industry Report 2023: Market to Reach $2.8 Billion by 2030 - U.S. Market is Estimated at $459.6 Million, While China is Forecast to Grow at 5.4% CAGR

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Dec 01, 2023, 18:15 ET

DUBLIN, Dec. 1, 2023 /PRNewswire/ -- The "Sodium Tripolyphosphate - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Sodium Tripolyphosphate Market to Reach $2.8 Billion by 2030

The global market for Sodium Tripolyphosphate estimated at US$2.1 Billion in the year 2022, is projected to reach a revised size of US$2.8 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030. Synthetic Detergent, one of the segments analyzed in the report, is projected to record 4.3% CAGR and reach US$764 Million by the end of the analysis period. Growth in the Food Additive segment is estimated at 4.5% CAGR for the next 8-year period.

Sodium Tripolyphosphate (STPP) in the global market in 2022 is characterized by its key competitors' market share. The report provides an introduction to STPP, offering insights into its global market prospects and outlook. It also discusses the impact of eutrophication on the STPP sector, highlighting select trends and growth drivers while identifying restraining factors and challenges.

The analysis includes an examination of STPP's various applications and regional perspectives. The competitive scenario is outlined, and recent market activity is discussed, categorizing the competitive market presence of players worldwide in 2022 as strong, active, niche, or trivial.

The U.S. Market is Estimated at $459.6 Million, While China is Forecast to Grow at 5.4% CAGR

The Sodium Tripolyphosphate market in the U.S. is estimated at US$459.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$771.6 Million by the year 2030 trailing a CAGR of 5.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 1.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

A Brief Note on Application Markets of Sodium Tripolyphosphate (STPP)
Expanding Detergents Industry Provides Growth Opportunities for Sodium Tripolyphosphate Market
Global Laundry Detergents Market Size (in $ Billion) for the Years 2020, 2022, 2024 and 2026
Synthetic Zeolites: A Key Challenger to the Expansion of Sodium Tripolyphosphate Market
Growing Demand for Water from and Limited Freshwater Sources Drive Focus onto Wastewater Treatment
Global Water Consumption by End-Use Sector (in %)
Rapidly Diminishing Sources of Fresh Water Necessitate Treatment & Reuse of Wastewater
World Water Crisis Facts
Global Distribution of Fresh Water Reserves by Source
World Water Resources: Percentage Breakdown by Water Quality
Global Groundwater Resources by Region (In Cubic Kilometers)
Emergence of Sodium Tripolyphosphate for Water and Wastewater Treatment
Growing Importance and Use of Food Additives in Food & Beverage Industry Drives Market Gains
Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
Food and Beverage Additives Market (2021): Percentage Share Breakdown of Value Sales by Type of Additive
Food Processing Applications of STPP
Rising Demand for Convenience and Packaged Foods to Boost Growth in Sodium Tripolyphosphate Market
Global Packaged Food Sales in US$ Trillion for 2015, 2017, 2019, 2021 & 2023
Food Consumption Patterns to Influence Market Prospects
Macro Factors Influencing Trends in the Sodium Tripolyphosphate Market
Ballooning Global Population
World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
Urbanization Trend
World Urban Population in Thousands: 1950-2050P
Expanding Middle Class Population
Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
Sodium Tripolyphosphate: A Brief Product Overview
Characteristics & Functions
STPP Production
Specialty Phosphates: An Overview
Major Application Areas of STPP
Health & Environmental Effects of STPP

FOCUS ON SELECT PLAYERS (Total 94 Featured)

GFS Chemicals, Inc.
Airedale Chemical Co., Ltd.
Dominion Chemical Company
AK Scientific, Inc.
DAYANG CHEM (HANGZHOU) CO., LTD
Acuro Organics Limited
Fooding Group Limited
Haifa Group
Hefei TNJ Chemical Industry Co., Ltd.
Aldon Corporation
BOC Sciences
AG Chemi Group s.r.o.
BariteWorld
Fengchen Group Co., Ltd.
Biesterfeld

For more information about this report visit https://www.researchandmarkets.com/r/xhrwia

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