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Global Trisodium Phosphate Market: By Grade: Food, Technical; By Application: Food Additive, Detergents and Cleaners, Metal Treatment, Water Softener, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Trisodium Phosphate Market Outlook

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 % in the forecast period of 2021-2026 to reach a value of approximately USD 671.77 million by 2026.

 

The Asia Pacific to Create New Growth Opportunities for the Expansion of the Trisodium Phosphate Industry

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: Industry Definition and Segmentation

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.

Based on grade, the market is bifurcated into:

  • Food 
  • Technical

On the basis of application, the industry can be segmented into:

  • Food Additive
  • Detergents and Cleaners
  • Metal Treatment
  • Water Softener
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Demand for Food Additives to Augment the Trisodium Phosphate Industry Growth

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.

 

Key Industry Players in the Global Trisodium Phosphate Market

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:

  • Recochem Inc.
  • Jiangsu Kolod Food Ingredients Co., Ltd.
  • FBC Industries, Inc.
  • Aarti Phosphates
  • Hefei TNJ Chemical Industry Co.,Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Trisodium Phosphate Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Trisodium Phosphate Historical Market (2016-2020) 
    8.3    Global Trisodium Phosphate Market Forecast (2021-2026)
    8.4    Global Trisodium Phosphate Market by Grade
        8.4.1    Food 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Technical
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Trisodium Phosphate Market by Application
        8.5.1    Food Additive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Detergents and Cleaners
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Metal Treatment
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Water Softener
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Trisodium Phosphate Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Recochem Inc.  
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Jiangsu Kolod Food Ingredients Co., Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    FBC Industries, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Aarti Phosphates
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Hefei TNJ Chemical Industry Co.,Ltd. 
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Trisodium Phosphate Market: Key Industry Highlights, 2016 and 2026
2.    Global Trisodium Phosphate Historical Market: Breakup by Grade (USD Million), 2016-2020
3.    Global Trisodium Phosphate Market Forecast: Breakup by Grade (USD Million), 2021-2026
4.    Global Trisodium Phosphate Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Trisodium Phosphate Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Trisodium Phosphate Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Trisodium Phosphate Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Trisodium Phosphate Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Trisodium Phosphate Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Global Trisodium Phosphate Market Structure

Key Questions Answered in the Report

The global trisodium phosphate market is being aided by the rising sodium phosphate market, which is projected to grow at a CAGR of 4.8% between 2021 and 2026.

The sodium phosphate market is estimated to reach about USD 671.77 million by 2026 and is expected to continue to aid the growth of the trisodium phosphate industry.

The major drivers of the industry, such as the rapid industrialisation and urbanisation, growing demand for detergents and cleaning products, rising disposable incomes, growing consumption of processed foods, and rising demand from the developing regions, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the advancements in the food processing sector.

The major regions in the industry 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 major application segments in the industry are food additive, detergents and cleaners, metal treatment, and water softener, among others.

The major players in the industry are Recochem Inc., Jiangsu Kolod Food Ingredients Co., Ltd., FBC Industries, Inc., Aarti Phosphates, and Hefei TNJ Chemical Industry Co.,Ltd., among others.

Analyst Review

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 2021-2026, growing at a CAGR of 4.8%. The sodium phosphate market is projected to reach USD 671.77 million by 2026.

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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