Global Sodium Tetraphosphate Market  (2023 - 2030)

The global Sodium Tetraphosphate Market size is estimated to grow from USD 413.5 Million in 2022 to USD 674.13 Million by 2030. The market is witnessing a healthy CAGR of 6.3 % from 2023 - 2030. The use of sodium tetraphosphates in various industries is the major factor that is driving the growth of the industry

Industry Overview:

Tetrasodium tetraphosphate, additionally known as sodium tetraphosphate, tetrasodium tetraphosphate, or TSPP, is an inorganic compound with the system Na4P2O7. As a salt, it is a white, water-soluble solid. It is composed of tetraphosphate anion and sodium ions. Toxicity is approximately twice that of table salt when ingested orally. Also recognized is the decahydrate Na4P2O7 · 10(H2O).

Tetrasodium tetraphosphate is used as a buffering agent, an emulsifier, a dispersing agent, and a thickening agent, and is regularly used as a meals additive. Common foods containing tetrasodium tetraphosphate consist of chicken nuggets, marshmallows, pudding, crab meat, imitation crab, canned tuna, soy-based meat selections, and cat foods and cat treats where it is used as a palatability enhancer. In toothpaste and dental floss, tetrasodium tetraphosphate acts as a tartar management agent, serving to get rid of calcium and sodium from saliva and consequently stopping them from being deposited on teeth.

Tetrasodium tetraphosphate is used in commercial dental rinses earlier than brushing to resource in plaque reduction. Tetrasodium tetraphosphate is once in a while used in family detergents to prevent comparable deposition on clothing, however, due to its tetraphosphate content material, it motives eutrophication of water, advertising algae growth.

The market is estimated to grow during the forecast period 2023 - 2030 due to its increase in the use of dental toothpaste and other dental-related products This is also used in the making of some types of detergents which have the property of sequestration.

COVID-19 impact on the Sodium Tetraphosphate Market       

This disastrous scenario that emerged due to the outburst of the COVID-19 pandemic has created an unexpected downfall in the normal financial increase worldwide. The COVID-19 disaster has adversely affected a number of markets below the chemical compounds quarter and one amongst them is the sodium tetraphosphate market. Government bodies globally have declared an entire or partial lockdown of industries, businesses, and transport services to impede the unfolding of a pandemic. The sodium tetraphosphate enterprise performs a sizable function in the manufacturing of endless products ranging from medicine, meals & beverages, fertilizer & feed, and so on. However, the lockdown of manufacturing factories has led to a surprising decline in the demand for chemical compounds used in these factories. The unfolding of this life-threatening ailment has created a poor influence on the general boom of the sodium tetraphosphate market. In the route of this crisis, we recreation to assist our consumers in grasping the impact of COVID-19 on the sodium tetraphosphate industry.

MARKET DRIVERS:

The use of sodium tetraphosphate in many industries is driving the growth of the market

The developing demand for sodium tetraphosphate is boosted by way of the utilization of the compound as a food additive. The reputation of sodium tetraphosphate is rising as it has the properties such as buffering sequestration and water retention capability.

Another factor, riding the sodium tetraphosphate market is the enlargement in demand from the developing countries, given the altering consumer preference. In addition to this, the increasing spending ability of personal customers in these areas is additionally probable to preserve the increased momentum of the sodium tetraphosphate market during the forecast period. growing crop manufacturing has in addition better the sodium tetraphosphate market opportunities. Moreover, an upward shove in meat consumption, owing to the growing demand for animal feed in tandem with the rising demand for water remedy chemical compounds are anticipated to enhance the market

MARKET RESTRAINTS:

The high cost of product & complex manufacturing process is restraining the growth of the market

the biggest challenge in the world sodium tetraphosphate market is the diminishing provide of tetraphosphate. The stringent guidelines associated with the utilization of sodium tetraphosphate in detergents are additionally in all likelihood to dwindle the sodium tetraphosphate market to an extent. This factor is estimated to restrain the growth of the market during the forecast period

SODIUM TETRAPHOSPHATE MARKET REPORT COVERAGE:

This research report on the global Sodium Tetraphosphate Market has been segmented and sub-segmented based on the Source, application, and region.

Sodium Tetraphosphate Market   - By Source:

• • Sedimentary Marine Deposits
  • Igneous & Weathered Rock
  • Biogenic

Based on the source, the biogenic segment is estimated to dominate the market with a CAGR of 2.1% during the forecast period of 2023 - 2030. There is a high demand for biogenic sodium tetraphosphate which is also increasing the demand in the market. As it is clear that Sedimentary Marine Deposits are naturally occurring things that take to time to form and that is why it is not possible to dig them in large amounts but demand is constant which is the Biogenic segment is increasing because it provides the sodium tetraphosphate on demand which is also growing the market demand.

Sodium Tetraphosphate Market   - By Application:

• Food & Beverages
• Personal Care
• Fertilizers
• Detergents
• Metal Finishing
• Water Treatment Chemicals
• Others

By Application, the detergents segment is estimated to dominate the market which is followed by the food and beverage segment. Tetrasodium tetraphosphate is used as a buffering agent, an emulsifier, a dispersing agent, and a thickening agent, and is regularly used as a meals additive. This property proves excellent for the manufacturing of certain types of detergents and soaps which is also increasing the demand for the market. The tetraphosphate also finds usage in various food and beverages in additives which provides excellent protection against some types of oxidants and is also estimated to drive the market during the forecast period.

Sodium Tetraphosphate Market   - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, North America is estimated to dominate the market. Sodium tetraphosphate market data in the area have been pushed with the aid of consumers' developing emphasis on high-protein diets and multiplied affordability, pushing the market share of North America to 27.4% in 2022.

Additionally, sodium tetraphosphate is being used with the aid of manufacturers to decorate the texture and baking features of bakery items like cookies and desserts in order to add diet price without inflicting any bad side effects, ensuing in excessive demand. The demand for baked items like biscuits, cupcakes, and toast has improved due to a range of factors, such as the rising demand for organized ingredients with ample dietary value, increasing the sodium tetraphosphate market measurement in the region.

Moreover, the market is additionally facilitated by means of customers who are consuming fortified ingredients and attractive to healthy things to do that enhance wellbeing. Europe is expected to get maintain a sodium tetraphosphate market share of 24.5% by way of the stop of 2022, owing to the excessive awareness of market players in the region. During the forecast period, the market boom is anticipated to be supported by an acute surge in the adoption to manipulate the pH of processed meat products like canned tuna and deli meat in Western Europe.

The European Union (EU) and European Free Trade Association (EFTA) have authorized sodium tetraphosphate as an invulnerable meal additive with the distinguishing E-Number E339 on their respective lists of permitted substances.

Sodium Tetraphosphate Market Share by Company

1. The Mosaic Company
2. S.A. OCP
3. Potash Corporation of Saskatchewan Inc.
4. PJSC PhoAgro AG
5. Agrium Inc.
6. Eurochem
7. Saudi Arabian Mining Company
8. Innophos Holdings.
9. Israel Chemicals Ltd.

and others are playing a pivotal role in the market. Mergers and acquisitions in the enterprise have enabled players to diversify and decorate their carrier services.

Also, Agrium (Canada) and Potash Corporation of Saskatchewan Inc. (Canada), merged together to form a new company by the name of Nutrien Ltd.; this helped in synergizing the assets of both companies.

The sodium tetraphosphate market is consolidated in nature, the place main companies are adopting innovative techniques and are continuously creating progressive products to make sure product differentiation.

A few of the techniques adopted with the aid of the players in the market are partnership and collaboration with different operators, growth into the untapped market, and joint ventures with agencies in rising nations to reap a sturdy foothold. Most of the fundamental sodium tetraphosphate producers listen on capitalizing on their money to preserve functions and technical advertising corporations are appointed to serve the ever-changing wants of customers

NOTABLE HAPPENINGS IN THE GLOBAL SODIUM TETRAPHOSPHATEMARKET IN THE RECENT PAST:

• Acquisition- In April 2022, The Mosaic Company acquired Vale Fertilizantes (a Brazilian fertilizer company that has five tetraphosphate mines), thereby enhancing the company’s market access in the Brazilian feed tetraphosphates market.