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Commenting on this report Alex Mack Womens Jersey , an analyst from Market Research Future (MRFR)鈥檚 team said, global Sodium Tripolyphosphate Market was valued at USD 2,250.7 million in 2016 and is predicted to grow at low CAGR of 1.48% to reach USD 2,497.7 million by the end of 2023.

Healthy growth in key end use industries such as household cleaning industry Vic Beasley Jr. Womens Jersey , food & beverages, industrial cleaning is the dominant driving factor identified in this market. According to the MRFR analysis, the Global Sodium Tripolyphosphate Market has shown sluggish growth over one and half decade. Restraining factors have greater impact over driving factors in this market which has led Sodium Tripolyphosphate Market to grow at a stagnant CAGR.


Get Free Sample Report @ The Global Sodium Tripolyphosphate Market anticipated to have growth opportunities on account of its use in home and personal care. It is used as pH adjuster in hygiene products is expected to provide growth prospects.


Furthermore, restraining factors have greater impact in this market over drivers which has led to slow growth of this market. Some of the factors which negatively impact the market growth are stringent government regulations on the excess use of STPP in detergents Matt Ryan Womens Jersey , strong competition given by zeolite, and availability of reasonable substitute in various applications.


Segment Analysis


The Sodium Tripolyphosphate Market is fragmented based on application, end use, and region. Based on application Devonta Freeman Womens Jersey , the market is divided into detergent, cleaning agents, water treatment, food preservative Calvin Ridley Womens Jersey , paints & dying, ceramic tiles, metal treatment, and others. As of 2016 Julio Jones Womens Jersey , detergent was the most promising application segment by accounting 26% shares, and it is anticipated to continue its dominance over the review period by growing at CAGR of 1.40%.


Market segmentation based on end use industries includes household cleaning, food & beverages, agriculture Ito Smith Womens Jersey , textile, pharmaceuticals, cosmetics, and others. Household cleaning application dominated global market and has accounted for 27% market shares due to increasing household applications.


Intended Audience


Sodium Tripolyphosphate Manufacturers
Traders and distributors of Sodium Tripolyphosphate
Production Process Industries
Potential Investors
Raw Material Suppliers
Regional Analysis


The Global Sodium Tripolyphosphate Market is spanned across North America Deadrin Senat Womens Jersey , Europe, Asia Pacific, Latin America, and the Middle East & Africa. According to the MRFR analysis Isaiah Oliver Womens Jersey , Asia Pacific was the most promising region in terms of production as well as consumption as of 2016.


The region has accounted for the largest market share of 42% followed by North America at 24%. China is single handedly driving Asia Pacific STPP market by being the largest exporter across the globe.


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