Transparency Market Research (TMR) provides key insights on the trisodium phosphate market in its latest report titled “Trisodium Phosphate Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, increasing population and improving standard of living in Asia Pacific is predicted to boost the trisodium phosphate market during the forecast period.
Trisodium phosphate is one of the most commonly produced phosphate salts. Monosodium phosphate (H2NaPO4) and disodium phosphate (HNa2PO4) are the other two commonly produced salts. The production processes of different types of sodium phosphates are dependent on the ratio of sodium to phosphate in the reactor stage. Typically, wet phosphoric acid is utilized in the production of industrial-grade sodium phosphates. However, food-grade phosphoric acid is used while producing sodium phosphates used in the food industry.
In terms of geographical perspective, the trisodium phosphate market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in Asia Pacific and Latin America is expected to expand at a rapid pace due to a robust food & beverage industry in the regions. Demand for ready-to-use food products, breakfast products (including cereals), and packaged meat is rising steadily in these regions, boosting the trisodium phosphate market.
The trisodium phosphate market in China, India, and Latin American countries is anticipated to offer significant potential for expansion. Detergents & cleaners is expected to be a prominent application segment of the market in these countries. In comparison, the trisodium phosphate market in Western European countries, the U.S., and Japan is expected to expand at a moderate pace, due to decline in major application segments.
Prominent players operating in the trisodium phosphate market are included in this report to give a better competitive analysis and these are Aditya Birla Chemicals, Merck KGaA, Recochem Corporation, CHEM ONE LTD, IXOM, Chemfax, and Albright & Wilson (A&W).
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