Sodium Phosphate Tribasic Market
The market for Sodium Phosphate Tribasic was estimated at $652 million in 2024; it is anticipated to increase to $1.06 billion by 2030, with projections indicating growth to around $1.60 billion by 2035.
Global Sodium Phosphate Tribasic Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Sodium Phosphate Tribasic industry revenue is expected to be around $707.9 million in 2025 and expected to showcase growth with 8.5% CAGR between 2025 and 2034. The Sodium Phosphate Tribasic market experiences strong expansion because different industries including pharmaceuticals and food and beverage and water treatment require this compound. The compound serves essential functions in these sectors because it controls pH levels and functions as an emulsifying agent. The combination of technological progress and rising focus on sustainability has created fresh opportunities for Sodium Phosphate Tribasic applications which will maintain its importance in upcoming years.
Sodium Phosphate Tribasic, also known as Trisodium Phosphate, functions as an inorganic compound which dissolves easily in water thus making it useful across multiple applications. The pharmaceutical industry employs this compound for laxative purposes and drug pH regulation. The food and beverage industry utilizes Sodium Phosphate Tribasic as an additive which enhances texture while protecting food from spoilage. The use of Sodium Phosphate Tribasic in water treatment processes has become more popular because it proves effective at removing contaminants.
Market Key Insights
- The Sodium Phosphate Tribasic market is projected to grow from $652.4 million in 2024 to $1.48 billion in 2034. This represents a CAGR of 8.5%, reflecting rising demand across Industrial Cleaning Agent, Pharmaceutical Ingredient and Food Additive.
- Merck KGaA, Thermo Fisher Scientific Inc., American Elements are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Sodium Phosphate Tribasic market and are expected to observe the growth CAGR of 6.2% to 8.9% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 8.2% to 10.6%.
- Transition like Shift Towards Eco Friendly Manufacturing is expected to add $36 million to the Sodium Phosphate Tribasic market growth by 2030.
- The Sodium Phosphate Tribasic market is set to add $823 million between 2024 and 2034, with manufacturer targeting Food & Beverages & Water Treatment End-Users projected to gain a larger market share.
- With Rising demand in food industry, and Increasing usage in detergents, Sodium Phosphate Tribasic market to expand 126% between 2024 and 2034.