Global Sodium Phosphate Market was valued at US$ XXX Mn in 2019, and is expected to reach US$ XXX Mn by 2027, at a CAGR of XXX % during forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Sodium phosphate market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Sodium phosphate market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Sodium phosphate is mainly used for a salts of sodium and phosphate. Sodium phosphates have many applications in food and for water treatment. Sodium phosphates are habitually used as emulsifiers, thickening agents, and leavening agents for baked goods. Sodium phosphate is sorely used in the shampoos, oral hygiene products, hair conditioners, hair dyes, bath products, fragrances, several makeup items, and skincare products due to its exceptional cleansing properties.
Based on the product type, monobasic sodium phosphates is frequently used in foods and in water treatment. The pH of such formulations is usually adjusted by mixtures of various sodium phosphates. It is used in animal feed, toothpaste, and evaporated milk. It is used as a thickening agent and emulsifier. Disodium phosphate is used in combination with trisodium phosphate in foods and water softening treatment. Its occurrence prevents coagulation in the preparation of condensed milk. Further, it is used as an anti-caking additive in powdered products. Trisodium phosphate is formed by neutralization of phosphoric acid using sodium hydroxide, often with sodium carbonate. It is extensively used in formulations for a variety of consumer-grade soaps and detergents, and the most common use for trisodium phosphate has been in cleaning agents.
Sodium phosphates have numerous applications in which its major use is in the food & beverages and water treatment industry. The sodium phosphate of food grade is widely used as food additive in the food and beverages industry hence increasing its demand in the global market. It has water retention and buffering capacity features of the food grade sodium phosphates are increasing the demand of sodium phosphate. Other factors that driving the market growth is the growing spending capacity of the consumers along with their changing food preferences contributes to the increased demand for the product in the market. The rising improved crops production has improved the sales of sodium phosphate. Sodium Phosphate coatings are used on steel parts for corrosion resistance, foundation for subsequent coatings or painting.
The challenges that hampers the sodium phosphate market are the reducing supply of the phosphate and the strict rules that are implemented by the use of sodium phosphate in the detergents.
Geographically, Asia pacific region leads the demand in the global sodium phosphate market this can be attributed to growing demand for demand for processed food. The increasing population and the increasing inclination of the consumers towards food further affecting the market growth positively. The emerging countries such as India and China are the key countries where it is expected that the market will enhance owing to the huge demand for the processed foods and the growing population. North America and Europe region are also expected to gain a significant growth in the market in the coming years.
Scope of the Sodium Phosphate Market
Global Sodium Phosphate Market, by Product Type
• Monobasic sodium phosphate
• Disodium phosphate
• Trisodium phosphate
Global Sodium Phosphate Market, by Application
• Food & Beverages
• Metal Finishing
• Water Treatment Chemicals
• Personal Care
Global Sodium Phosphate Market, by Region
• North America
• Middle East & Africa
• South America
Key Players operating in the Global Sodium Phosphate Market
• S.A. OCP
• PJSC PhosAgro AG
• Innophos Holdings, Inc.
• The Mosaic Company
• Potash Corporation of Saskatchewan Inc.
• Agrium Inc.
• Saudi Arabian Mining Company
• Israel Chemicals Ltd.
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