Global Trisodium Phosphate Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

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 5% in the forecast period of 2024-2032 to reach a value of approximately USD 900.24 million by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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: Market 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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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 market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report