Sodium Phosphate Dibasic Market
The market for Sodium Phosphate Dibasic was estimated at $1.5 billion in 2024; it is anticipated to increase to $2.6 billion by 2030, with projections indicating growth to around $4.3 billion by 2035.
Global Sodium Phosphate Dibasic Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Sodium Phosphate Dibasic industry revenue is expected to be around $1.6 billion in 2025 and expected to showcase growth with 10.2% CAGR between 2025 and 2034. The robust growth of the Sodium Phosphate Dibasic market is primarily driven by its increasing significance in various industries. This chemical compound is a key ingredient in a multitude of applications, making it an indispensable part of the global industrial landscape. The markets expansion is fueled by the rising demand in sectors such as pharmaceuticals, food and beverage, and agriculture, among others. The ongoing relevance of Sodium Phosphate Dibasic can be attributed to its unique chemical properties, which make it a preferred choice for several industrial processes. Its cost effectiveness and easy availability further contribute to its growing prominence in the market.
Sodium Phosphate Dibasic exists as a white crystalline powder which dissolves easily in water. The food industry employs Sodium Phosphate Dibasic as a buffering agent and sequestrant and emulsifier while pharmaceutical applications use it as a laxative and pH regulator. The agricultural sector employs this substance as fertilizer because it contains significant phosphorus content. The market demand for Sodium Phosphate Dibasic continues to rise because it prevents scale and corrosion formation during water treatment processes.
Market Key Insights
- The Sodium Phosphate Dibasic market is projected to grow from $1.5 billion in 2024 to $3.9 billion in 2034. This represents a CAGR of 10.2%, reflecting rising demand across Food, Detergent and Pharmaceutical Industry.
- Merck KGaA, Thermo Fisher Scientific Inc., Avantor Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Sodium Phosphate Dibasic market and are expected to observe the growth CAGR of 7.4% to 10.7% between 2024 and 2030.
- Emerging markets including Vietnam, Nigeria and Colombia are expected to observe highest growth with CAGR ranging between 9.8% to 12.8%.
- Transition like Shift Towards Eco friendly Manufacturing is expected to add $104 million to the Sodium Phosphate Dibasic market growth by 2030.
- The Sodium Phosphate Dibasic market is set to add $2.4 billion between 2024 and 2034, with manufacturer targeting Pharmaceuticals & Detergents & Cleaners End-Users projected to gain a larger market share.
- With Rising demand in food industry, and Increased use in water treatment, Sodium Phosphate Dibasic market to expand 164% between 2024 and 2034.