Sodium Tripolyphosphate Prices in USA
- United States: 1035 USD/MT
In Q4 2023, sodium tripolyphosphate prices reached USD 1035/MT in the U.S. and USD 980/MT in China, both declining due to low demand and reduced business confidence.
The latest report by IMARC Group, titled “Sodium Tripolyphosphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the Sodium Tripolyphosphate price trend. This report delves into the price of Sodium Tripolyphosphate globally, presenting a detailed analysis, along with an informative Sodium Tripolyphosphate Price Chart. Through comprehensive Sodium Tripolyphosphate price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes Sodium Tripolyphosphate historical data to provide context and depth to the current pricing landscape. The report also explores the Sodium Tripolyphosphate News, analysing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this price report an invaluable resource for industry stakeholders.
Sodium Tripolyphosphate Prices December 2023:
- United States: 1035 USD/MT
- China: 980 USD/MT
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The study delves into the factors affecting Sodium Tripolyphosphate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Sodium Tripolyphosphate Price Trend- Q4 2023
Sodium Tripolyphosphate (STPP) is a critical compound widely used in various industries, fueling its market growth through diverse applications. Primarily, STPP is extensively utilized in the detergent industry as a builder or water softener, enhancing the cleaning efficacy of detergents by facilitating the suspension of dirt particles. The ongoing demand for household and industrial cleaners, particularly in emerging economies with growing urban populations, drives significant consumption of STPP. Additionally, the food industry contributes to the demand for STPP, where it is employed as a preservative and to maintain moisture and texture in processed foods such as seafood, meats, and poultry. As global food consumption patterns evolve and the demand for processed and convenience foods increases, the use of STPP in this sector is expected to grow. This trend is particularly prominent in regions with rising disposable incomes and changing lifestyles, which favor quick and easy meal solutions. Environmental regulations also influence the STPP market. Although there is a push toward more environmentally friendly substitutes due to concerns over phosphates in water systems, STPP continues to be used because of its effectiveness, cost-efficiency, and the gradual adaptation of formulations to meet regulatory standards. Moreover, advancements in phosphate recycling technologies and the development of more sustainable production methods are likely to mitigate environmental concerns and support sustained growth in the STPP market.
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. In the last quarter of 2023, several factors influenced the Sodium Tripolyphosphate (STPP) market across various regions, significantly impacting the price dynamics of this chemical compound widely used in detergent, food, and water treatment industries. In North America, a pronounced decline in STPP prices was driven by a downturn in demand from key downstream sectors. The end of the summer season marked a period typically characterized by reduced demand for STPP, particularly affecting the detergent and water treatment sectors that see seasonal peaks. Concurrently, the influx of low-priced imports exacerbated the situation by intensifying competition and putting further downward pressure on regional prices. This was coupled with a generally sluggish economic environment, reflected in the stagnant services sector and only a marginal improvement in the manufacturing Purchasing Managers' Index (PMI), which failed to stimulate demand. The availability of material remained sufficient due to limited procurement activity, leading to an accumulation of inventories and further decreasing price levels. This combination of weak demand, high competition from imported goods, and adequate domestic supply culminated in a bearish market outlook for STPP in North America.
Similarly, the APAC region witnessed a decline in STPP prices, primarily attributed to weak demand and a decrease in production costs. The supply was bolstered by built-up inventories as manufacturers increased production rates amidst falling costs for upstream raw materials like Phosphoric acid. This increase in supply did not coincide with an uptick in demand; instead, the demand remained tepid across major consumer industries. In China, the situation was particularly stark as the official Manufacturing PMI indicated a contraction, signaling the need for more robust economic stimuli. The ongoing destocking activities by consumers, aiming to reduce surplus inventories, further depressed the market. Despite slight improvements in industrial performance, the overall economic recovery post-pandemic remained slow, contributing to the bearish sentiment in the market. These factors across North America and APAC underscore a global trend where high supply levels, coupled with faltering demand due to economic uncertainties and competitive market pressures, led to the observed decline in STPP prices during the quarter.
Key Points Covered in the Sodium Tripolyphosphate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Sodium Tripolyphosphate Prices
- Sodium Tripolyphosphate Price Trend
- Sodium Tripolyphosphate Demand & Supply
- Sodium Tripolyphosphate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Sodium Tripolyphosphate Price Analysis
- Sodium Tripolyphosphate Industry Drivers, Restraints, and Opportunities
- Sodium Tripolyphosphate News and Recent Developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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