Trisodium Phosphate Prices

Trisodium Phosphate Prices December 2023

The trisodium phosphate prices in the China for Q4 2023 reached 565 USD/Ton in December. The market experienced a bullish trend, primarily because of high feedstock costs and low inventory levels. Despite steady demand, there were expectations of price declines in the near term, influenced by a rise in destocking activities and weak international demand, which could ease the previously elevated price levels.

Trisodium Phosphate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Trisodium Phosphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of trisodium phosphate 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 trisodium phosphate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of trisodium phosphate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing trisodium phosphate 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.

Trisodium Phosphate Market Analysis

The global trisodium phosphate market size reached 3,332.2 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 4,796.3 Thousand Tons, at a projected CAGR of 4.10% during 2023-2032.

• The increasing utilization of trisodium phosphate in the production of effective cleaning agents is impelling the growth of the market. Cleaning agents are essential for removing grease, stains, and dirt from surfaces, such as walls, floors, and tiles. Trisodium phosphate enhances the performance of detergent by softening water and increasing the ability of the detergent to remove dirt and grime from surfaces. It is also effective in removing mold and mildew stains from concrete, wood, and other materials. It can be employed as a part of a soaking solution to pre-treat stain fabrics, where it helps in breaking down the stain molecules and making them easier to wash out. Moreover, individuals are constantly seeking effective cleaning agents to prevent the spread of infectious diseases. According to the IMARC Group, the global laundry detergent market is projected to reach US$ 74.8 Billion by 2032. This will further increase the use of trisodium phosphate to produce detergents.
• Trisodium phosphate is widely employed in the food and beverage (F&B) industry as a food additive in various packages and processed food products. It works as an emulsifier and helps to adjust the pH levels. It also assists in preventing the caking of dry consumable items and is incorporated into the processing of meats and cheese. Apart from this, there is an increase in the consumption of packaged and convenient food among the masses as it eliminates the detailed procedure of cooking. Research conducted by Northeastern University’s Network Science Institute in 2022 indicated that 73% of the United States food supply is ultra-processed.
• The increasing adoption of trisodium phosphate in the production of paper is supporting the market growth. Trisodium phosphate plays a crucial role in the pulping process and water treatment procedure, as impurities in water can affect the quality of paper. It acts as a water softener and aids in conditioning the water by neutralizing hard water minerals, which can lead to scaling and deposition on the machinery. This softening process is crucial as it retains the functionality of equipment and retains efficient processing speeds. Moreover, paper is increasingly utilized for manufacturing sustainable packaging solutions in various industries. As per the IMARC Group, the global paper packaging market is expected to reach US$ 535.6 Billion by 2032.

Trisodium Phosphate News

The report covers the latest developments, updates, and trends impacting the global trisodium phosphate 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 trisodium phosphate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the trisodium phosphate price trend.

Latest developments in the trisodium phosphate industry:

• March 2023: Airedale Group, a UK-based industrial chemicals company and supplier of high-quality food preservatives, acquired McCann Chemicals, a specialty chemicals manufacturer. The acquisition is part of Airedale's growth strategy to expand its product portfolio and geographic reach. The combined company will benefit from synergies in manufacturing, distribution, and research and development, allowing it to better serve its customers across various industries.

Product Description

Trisodium phosphate is an inorganic chemical compound that appears white, granular, and crystalline. It is highly soluble in water and produces an alkaline solution. It is a potent cleaning agent used for removing grease stains and dirt from surfaces like floors, walls, and tiles. It is particularly effective in preparing surfaces for painting by ensuring they are thoroughly degreased and cleaned. It is also adopted in household settings as a laundry booster to treat tough stains and odors in clothes. It is used to soften water in commercial industrial cleaning solutions to improve the effectiveness of detergents and soaps by restricting mineral buildup. It is also employed in laboratory and industrial processes to create buffer solutions that maintain a stable pH.

Regional Coverage

The report provides a detailed analysis of the trisodium phosphate 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 trisodium phosphate price trend.

Global Trisodium Phosphate Price

The report offers a holistic view of the global trisodium phosphate pricing trends in the form of trisodium phosphate 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 the current price but also provides insights into trisodium phosphate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into trisodium phosphate 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 trisodium phosphate 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 Trisodium Phosphate Price

The European trisodium phosphate market in Q4 2023 saw a dynamic pricing landscape. Prices initially rose due to strong regional demand and escalating feedstock costs from the previous quarter. However, as the quarter progressed, demand from sectors like detergents weakened, causing prices to decline or stabilize. This divergence was influenced by varying phosphoric acid costs between Western and Eastern Europe, with the latter showing more stability. Western Europe’s ample inventory levels and import patterns, particularly from China, further impacted pricing. By the end of the quarter, trisodium phosphate (TSP) prices were mostly flat or slightly lower compared to the previous quarter, benefiting some downstream industries but posing challenges for producers in terms of profitability.

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

North America Trisodium Phosphate Price

The market in North America exhibited a varied pricing environment. However, mid-quarter brought fluctuations, driven by changes in consumer preferences, a slowdown in construction activity, and intermittent supply disruptions. Evolving trade dynamics, especially those involving Asia, added to the market’s volatility. Regional differences were evident, with the Gulf Coast maintaining more stable pricing, while the Northeast and Midwest experienced volatility, and the West Coast saw a slight decrease. These shifts had mixed effects, benefiting some downstream industries but impacting TSP producers' profitability depending on their production costs and regional performance.

Specific trisodium phosphate historical data within the United States and Canada can also be provided.

Middle East and Africa Trisodium Phosphate Price

The report explores the trisodium phosphate 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 trisodium phosphate prices for countries can also be provided.

Asia Pacific Trisodium Phosphate Price

The market during Q4 2023 was shaped by numerous factors. A steady operational capacity across production plants ensured moderate supply, while high feedstock costs, particularly sodium carbonate, maintained a bullish market stance. Domestic demand remained steady, driven by industries like food additives and stain removers. This constant demand led to a decline in product inventories, even as no significant plant shutdowns were reported. Notably, in China, prices remained elevated owing to high-cost feedstocks and low inventory levels. However, there are indications that prices might decline in the near future because of reduced international demand.

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

Latin America Trisodium Phosphate Price

The analysis of trisodium phosphate 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 trisodium phosphate 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 trisodium phosphate 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 trisodium phosphate price charts ensure our clients remain at the forefront of the industry.