Sodium Tripolyphosphate Price Trend

Sodium Tripolyphosphate Prices December 2023

The price for sodium tripolyphosphate in the United States for the fourth quarter of the year 2023 reached 1035 USD/MT. The US market experienced the most significant price change. Business confidence deteriorated, which resulted in low inquiries from downstream industries.

China experienced a decrease in STPP prices during the fourth quarter of 2023. The domestic manufacturers operated at the lower face because of days stopping by consumers and also the need to avoid excess supplies for better financial performance. The demand from downstream industries remained low. Overall, the market for STPP in China was bearish with high levels and low demand. The price of STPP in China in Q4 of 2023 was 980 USD/MT.

Sodium Tripolyphosphate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Tripolyphosphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium tripolyphosphate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sodium tripolyphosphate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium tripolyphosphate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium tripolyphosphate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sodium Tripolyphosphate Market Analysis

The global sodium tripolyphosphate market size reached US$ 2.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.1 Billion, at a projected CAGR of 2.90% during 2023-2032.

• Sodium tripolyphosphate plays an important role in water treatment by acting as a sequestrant for hardness ions hence preventing the scaling of pipes and equipment. As industrial activities are rising globally the volume of water used in various processes increases heightening the need for effective water treatment solutions to ensure operational efficiency and compliance with environmental regulations. According to WHO data, in 2022, 6 billion people used safely managed drinking-water services – that is, they used improved water sources located on premises, available when needed, and free from contamination. The remaining 2.2 billion people without safely managed services in 2022 included 1.5 billion people with basic services, 292 million people with limited services, 296 million people taking water from unprotected wells and springs, and 115 million people collecting untreated surface water from lakes, ponds, rivers, and streams. The increasing demand for water treatment directly translates into a growing need for sodium tripolyphosphate thereby driving its market growth.
• Sodium tripolyphosphate is a key component in laundry detergents mainly functioning as a water softener and builder that enhances detergent performance by binding calcium and magnesium ions. This is essential in hard water conditions ensuring that detergents remain effective. The global laundry detergent market is on the rise mainly fueled by an increase in consumer awareness about hygiene. The rise in demand for effective laundry solutions is directly influencing the market for sodium tripolyphosphate.
• In the ceramic industry sodium tripolyphosphate is essential for enhancing the properties of ceramic products like tiles and sanitary ware. It acts as a dispersing agent to improve the uniformity and workability of ceramic slurry which enables smoother surfaces and more consistent shapes. According to a report by the Observatory of Economic Complexity, in 2022, ceramic products were the world's 50th most traded product, with a total trade of $67.9B. Between 2021 and 2022 the exports of ceramic products grew by 6.48%, from $63.8B to $67.9B. Trade in ceramic products represents 0.29% of total world trade. This increase is directly influencing the need for sodium tripolyphosphate as manufacturers ramp up production to meet global market requirements.

Sodium Tripolyphosphate News

The report covers the latest developments, updates, and trends impacting the global sodium tripolyphosphate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium tripolyphosphate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium tripolyphosphate price trend.

Latest developments in the sodium tripolyphosphate industry:

• In 2022, Construction began for Tianyuan Group's LFP cathode project in Sichuan, with a production capacity of 100,000 tons per year. The project, part of a larger investment plan, aims to be operational by March 2023 and includes the setup of a manufacturing project for upstream materials.
• In 2023, Evonik collaborates with abcr as the official distributor for INFINAM® Photopolymers, offering a range of innovative materials for 3D printing applications, including clear, impact-resistant, and temperature-resistant photopolymers suitable for various industries. This partnership enhances abcr's position as a reliable supplier for additive manufacturing materials, providing tailored delivery services and comprehensive documentation support.

Product Description

Sodium tripolyphosphate is a highly resourceful and angelic compound that has various industrial applications. Sodium tripolyphosphate exists as a white crystalline powder or granular form and is composed of sodium cations and tripolyphosphate anions. Sodium tripolyphosphate is widely used as a builder in sequestering agent in detergents and cleaning products where it helps to soften the water, prevent soil redeposition, and enhance the detergent performance. Apart from its roles in detergents sodium tripolyphosphate finds its applications in water treatment, metal treatment, and ceramic manufacturing. Its ability to control pH makes it a valuable entity in the range of industrial processes. However, concern about its impact, mainly its contribution to eutrophication in water bodies, has led to regulatory restrictions on its use in some regions.

Regional Coverage

The report provides a detailed analysis of the sodium tripolyphosphate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium tripolyphosphate price trend.

Global Sodium Tripolyphosphate Price

The report offers a holistic view of the global sodium tripolyphosphate pricing trends in the form of sodium tripolyphosphate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of sodium tripolyphosphate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium tripolyphosphate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sodium Tripolyphosphate Price

The sodium tripolyphosphate market in Europe experienced mixed pricing trends in Q4 2023. While prices fell in October due to low demand, November saw an uptick in prices due to increased demand. December witnessed a slight decline due to subdued consumer demand and high inventories. Despite these challenges, market transactions increased, and higher volume of trades were recorded.

This analysis can be extended to include detailed sodium tripolyphosphate price information for a comprehensive list of countries.

North America Sodium Tripolyphosphate Price

In Q4 2023, the North American market for sodium tripolyphosphate (STPP) saw a decline in prices due to weak demand from downstream industries, the end of summer season, and low-priced imports. Business confidence deteriorated, resulting in low inquiries from downstream industries. Despite a marginal rise in manufacturing PMI, overall business activity remained unchanged, and no plant shutdowns were reported.

Specific sodium tripolyphosphate historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Tripolyphosphate Price

The report explores the sodium tripolyphosphate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sodium tripolyphosphate prices for countries can also be provided.

Asia Pacific Sodium Tripolyphosphate Price

During the fourth quarter of 2023, the APAC region experienced a decline in sodium tripolyphosphate (STPP) prices due to weak demand and decreasing production costs. The low demand from industries such as water treatment, detergent, and food and beverages resulted in ample material availability in the market. China, in particular, experienced a bearish market for STPP due to high supply and low demand, along with challenges faced by the economy in recovering from the post-pandemic downturn.

This sodium tripolyphosphate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sodium Tripolyphosphate Price

The analysis of sodium tripolyphosphate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium tripolyphosphate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sodium tripolyphosphate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium tripolyphosphate price charts ensure our clients remain at the forefront of the industry.