Global Sodium Tripolyphosphate Market to See Sluggish Growth to 2023, States MRFR in Its Topical Report Available at MarketPublishers.com
25 Jan 2018 • by Natalie Aster
LONDON – During the past decade, the sodium tripolyphosphate market has witnessed drastic changes. The consumption of sodium tripolyphosphate has kept to a declining trend, and the overall market exhibited slow pace demand growth thereafter.
Growth in the sodium tripolyphosphate market is supported by such favourable factors as steady uptake in the key end-use industries, including food & beverage, household cleaning, agriculture and other industrial sectors.
Strict environmental norms and associated governmental regulations are likely to further restrain growth in the global market for sodium tripolyphosphate, that causes pollution. One more restraining factor of the market growth is the intensifying competition from zeolite, which is a close alternative for sodium tripolyphosphate.
Through to 2023, the world’s market for sodium tripolyphosphate is anticipated to experience sluggish growth, registering a 1.48% CAGR. By 2023, the market value is poised to cross USD 2.49 billion.
The detergent application segment has the highest growth potential and offers promising growth opportunities for the world’s sodium tripolyphosphate market. This segments grabs a share of around 26% of the overall market and is predicted to rise at a 1.4% CAGR till 2023.
The comprehensive topical report “Global Sodium Tripolyphosphate Market – Trends & Forecast, 2017-2023” worked out by Market Research Future (MRFR) offers a detailed, professional analysis of the global market for sodium tripolyphosphate. It explores the current scenario across the key geographical markets, delves deep into the market segmentation, describes the market dynamics and reviews the major growth influencing factors. Moreover, this report discusses prevailing trends, major concerns, emerging opportunities and major challenges of the sodium tripolyphosphate market. It examines the competitive scene, gives data on the top players, comprises a comprehensive supply chain analysis and Porter’s five forces analysis, offers valuable strategic recommendations and gives access to an all-round future outlook for the sodium tripolyphosphate market with detailed forecasts through to 2023.
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