In terms of revenue, the Global Sodium Monofluorophosphate Market is expected to reach XX by 2028, growing at a Compound Annual Growth Rate (CAGR) of XX from 2022 to 2028.
The Sodium Monofluorophosphate Market garners extensive increases from the increasing demand for personal care products worldwide, particularly toothpaste and dental care products. Sodium Monofluorophosphate is utilized in the inflammation of gums & dental cavities and treatment of hypersensitivity. Mainly, it works by strengthening the teeth by reducing the acid and bacteria effects on them, making them resistant to decay. In addition, surging demand for water treatment applications is another factor driving the Sodium Monofluorophosphate Market.
Key Highlights from Report
· Among Product types, the Industrial Grade section is expected to lead the Sodium Monofluorophosphate Market with the highest market share during the forecast period. This is due to the rising usage of Sodium Monofluorophosphate in many industries such as automotive, construction, electronics, etc.
· By Application, the Industrial application segment accounted for the most considerable growth rate in the forecast period. The industrial applications comprise water treatment, oil and gas production, and metal finishing.
· Geographically, Asia Pacific holds the largest market revenue and will likely be the most lucrative market over the forecast period. This surge is because of the high population base in this region using dental care products.
The Global Sodium Monofluorophosphate Market growth can be attributable to significant factors such as the increased demand for toothpaste and dental care products. Increased usage of Sodium Monofluorophosphate as an active ingredient in different dental products like mouthwashes, gels, toothpaste, and flosses due to its effective fluorine source, which helps to prevent tooth decay, is projected to fuel the Sodium Monofluorophosphate industry. Also, MFP is a highly effective cavity fighter that is found in the most popular toothpaste brands nowadays in the market, which include Aquafresh Extreme Clean and Crest Pro-Health. Similarly, the mounting awareness of oral hygiene's importance results in increased demand for dental products, propelling the market's growth. For instance, there is the introduction of a new Sodium Monofluorophosphate product by 3M, a US-based company. This product is intended for usage in dental products like toothpaste & mouthwash.
Several governments globally are adopting strict water fluoridation regulations to reduce dental caries occurrence. Therefore, it increases demand for Sodium Monofluorophosphate since it is one of the most generally utilized fluoride sources for water fluoridation. Moreover, key market players are investing in research and development to discover new applications for this product. Furthermore, recent advances in dental technology are leading to the expansion of novel products containing Sodium Monofluorophosphate, which will create beneficial prospects for the Sodium Monofluorophosphate Market in the coming years.
Among regions, Asia Pacific market is witnessing significant growth with the maximum CAGR. The region’s market growth is attributable to the growing demand for Sodium Monofluorophosphate as a result of the increased sales of toothpaste and dental care products. India, China, and Japan are significant contributors to this regional market, being the primary consumers of Sodium Monofluorophosphate for wastewater treatment, chemical applications, etc. Furthermore, the rapid increase in industrialization and urbanization in developing countries such as India and China is expected to stimulate the future market development of Sodium Monofluorophosphate in Asia Pacific.
The Global Sodium Monofluorophosphate Market is Segmented as follows
- Product Type
- Industrial Grade
- Toothpaste Grade
- Other Product Types
- End Users
- Industrial Application
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Sodium Monofluorophosphate Market is
Top Pharm Chemical Group, Hubei Xingfa Chemicals Group, Wuxi Ruiyuan Chemical, Tianjin Changlu Huaxin, Sichuan Chenghong Phosph-Chemical, Suzhou YingKe Biotech, Suzhou Yotech Fine Chemical, Sulux Phosphates
The Global Sodium Monofluorophosphate Market Scope can be Tabulated as below
|Market Size Provided for Years||2016-2028|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|