The "Sodium Tripolyphosphate - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Sodium Tripolyphosphate estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027.
Synthetic Detergent, one of the segments analyzed in the report, is projected to grow at a 3.4% CAGR to reach US$672.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Food Additive segment is readjusted to a revised 3.8% CAGR for the next 7-year period. This segment currently accounts for a 25.4% share of the global Sodium Tripolyphosphate market.
The U.S. Accounts for Over 21.3% of Global Market Size in 2020, While China is Forecast to Grow at a 3.8% CAGR for the Period of 2020-2027
The Sodium Tripolyphosphate market in the U.S. is estimated at US$432.7 Million in the year 2020. The country currently accounts for a 21.27% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$668.3 Million in the year 2027 trailing a CAGR of 3.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR while Rest of European market (as defined in the study) will reach US$668.3 Million by the year 2027.
Water Treatment Segment Corners a 18.3% Share in 2020
In the global Water Treatment segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$313.3 Million in the year 2020 will reach a projected size of US$372.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$421.1 Million by the year 2027.
Select Competitors (Total 94 Featured) -
- ABCR GmbH & Co., KG.
- Aditya Birla Chemicals (India) Limited
- Guizhou Zhongshen Phosphates Industry Co., Ltd.
- Hubei Xingfa Chemicals Group Co., Ltd.
- Innophos Holdings, Inc.
- MilliporeSigma
- Parchem Fine & Specialty Chemicals
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
- Progress on Vaccinations: Why Should Businesses Care?
- With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
- An Introduction to Sodium Tripolyphosphate
- Global Market Prospects & Outlook
- Impact of Eutrophication on STPP Sector
- Select Trends and Growth Drivers
- Restraining Factors and Challenges
- Analysis by Application
- Regional Analysis
- Competitive Scenario
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- A Brief Note on Application Markets of Sodium Tripolyphosphate (STPP)
- Expanding Detergents Industry Provides Growth Opportunities for Sodium Tripolyphosphate Market
- 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
- Rapidly Diminishing Sources of Fresh Water Necessitate Treatment & Reuse of Wastewater
- World Water Crisis Facts
- Emergence of Sodium Tripolyphosphate for Water and Wastewater Treatment
- Growing Importance and Use of Food Additives in Food & Beverage Industry Drives Market Gains
- Food Processing Applications of STPP
- Rising Demand for Convenience and Packaged Foods to Boost Growth in Sodium Tripolyphosphate Market
- Food Consumption Patterns to Influence Market Prospects
- Macro Factors Influencing Trends in the Sodium Tripolyphosphate Market
- Ballooning Global Population
- Urbanization Trend
- Expanding Middle Class Population
- Sodium Tripolyphosphate: A Brief Product Overview
- Characteristics & Functions
- STPP Production
- Specialty Phosphates: An Overview
- Major Application Areas of STPP
- Health & Environmental Effects of STPP
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/avvlo8
View source version on businesswire.com: https://www.businesswire.com/news/home/20220519005575/en/
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