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The global trisodium phosphate market is being aided by the market growth of sodium phosphate. The global sodium phosphate market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032 to reach a value of approximately USD 900.24 million by 2032.
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The Asia Pacific is expected to provide enhanced opportunities for the growth of the trisodium phosphate industry in the forecast period. The growing urbanisation and industrialisation and the rising demand for processed food products in developing countries, particularly India and China, are driving the industry growth in the Asia Pacific. On the other hand, North America and Europe are witnessing reduced utilisation of trisodium phosphate for detergent applications. This can be attributed to the growing environmental concern and the implementation of stringent government regulations, leading to a shift in market dynamics and a rise in demand for food grade trisodium phosphate in the regions.
Trisodium phosphate, often abbreviated as TSP, is an inorganic compound represented by the formula Na3PO4. In appearance, it is a white granular or crystalline solid. It readily dissolves in water to create an alkaline solution. It can be obtained via the neutralisation of phosphoric acid with sodium carbonate, leading to the formation of disodium hydrogen phosphate, which is further reacted with sodium hydroxide to produce trisodium phosphate. It has various applications, ranging from cleaning agent to food additive and degreaser.
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Based on grade, the market is bifurcated into:
On the basis of application, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The thriving food industry and the increasing consumption of processed food products are driving the demand for food additives, which, in turn, is contributing to the growth of the trisodium phosphate industry. Within the food industry, trisodium phosphate is mainly utilised for processed cheese products and cereals. The market is being supported by the escalating disposable incomes and the advancements in the food processing sector. Further, the growing demand for detergents and industrial cleaners are also contributing to the industry growth. However, the use of trisodium phosphate is likely to decline in developed regions owing to the stringent environmental regulations. Although, the regions where there are no regulations on its usage will significantly drive the demand for the product in applications like detergents and cleaning products.
The report gives a detailed analysis of the following key players in the global trisodium phosphate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Grade |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Trisodium Phosphate Market Analysis
8.1 Key Industry Highlights
8.2 Global Trisodium Phosphate Historical Market (2016-2021)
8.3 Global Trisodium Phosphate Market Forecast (2024-2032)
8.4 Global Trisodium Phosphate Market by Grade
8.4.1 Food
8.4.1.1 Historical Trend (2016-2021)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Technical
8.4.2.1 Historical Trend (2016-2021)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Trisodium Phosphate Market by Application
8.5.1 Food Additive
8.5.1.1 Historical Trend (2016-2021)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Detergents and Cleaners
8.5.2.1 Historical Trend (2016-2021)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Metal Treatment
8.5.3.1 Historical Trend (2016-2021)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Water Softener
8.5.4.1 Historical Trend (2016-2021)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Trisodium Phosphate Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Trisodium Phosphate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Trisodium Phosphate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Trisodium Phosphate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Trisodium Phosphate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Trisodium Phosphate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Recochem Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Jiangsu Kolod Food Ingredients Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 FBC Industries, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Aarti Phosphates
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hefei TNJ Chemical Industry Co.,Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Trisodium Phosphate Market: Key Industry Highlights, 2018 and 2032
2. Global Trisodium Phosphate Historical Market: Breakup by Grade (USD Million), 2016-2021
3. Global Trisodium Phosphate Market Forecast: Breakup by Grade (USD Million), 2024-2032
4. Global Trisodium Phosphate Historical Market: Breakup by Application (USD Million), 2016-2021
5. Global Trisodium Phosphate Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Trisodium Phosphate Historical Market: Breakup by Region (USD Million), 2016-2021
7. Global Trisodium Phosphate Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2021
9. North America Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2021
11. Europe Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2021
13. Asia Pacific Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2021
15. Latin America Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2021
17. Middle East and Africa Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Trisodium Phosphate Market Structure
The market is assessed to grow at a CAGR of 5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to attain around USD 900.24 million by 2032.
The growing demand for detergents and cleaning products, rising disposable incomes, growing consumption of processed foods, and rapid industrialisation are driving the market growth.
The key trends aiding the market growth include advancements in the food processing sector and the rising demand for trisodium phosphate from developing countries.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of trisodium phosphate in the market are food and technical.
The significant applications of trisodium phosphate include food additive, detergents and cleaners, metal treatment, and water softener, among others.
The major players in the market are Recochem Inc., Jiangsu Kolod Food Ingredients Co., Ltd., FBC Industries, Inc., Aarti Phosphates, and Hefei TNJ Chemical Industry Co.,Ltd., among others.
The global trisodium phosphate market is being driven by the rising sodium phosphate market. Aided by the rising demand for detergents and cleaning products, the sodium phosphate market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 5%. The sodium phosphate market is projected to reach USD 900.24 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By grade, the market is divided into food and technical. Based on application, the industry is segmented into food additive, detergents and cleaners, metal treatment, and water softener, among others. The major regional markets for trisodium phosphate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Recochem Inc., Jiangsu Kolod Food Ingredients Co., Ltd., FBC Industries, Inc., Aarti Phosphates, and Hefei TNJ Chemical Industry Co.,Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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