Supply of sodium trimetaphosphate comes mostly from China, with more than 60% of the production cluster positioned in the country, favouring factors of economies of agglomeration. Increasing manufacturing of modified starch in the region is set to bolster demand for sodium trimetaphosphate, reveals Fact.MR, in a recently published report on the global sodium trimetaphosphate market. Key consumers of sodium trimetaphosphate have positioned themselves in China, and have been expanding their production facilities over 2015-2019. For instance, key modified starch manufacturer Ingredion has positioned itself in China to gain benefits from economies of density, coupled with lower cost of production. Also, demand for food grade sodium trimetaphosphate will outweigh that of technical and industrial grade by more than 8:2 over the coming years.
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As per the report, the global sodium trimetaphosphate market is anticipated to progress at a steady 5% CAGR through 2030.
Key Takeaways from Sodium Trimetaphosphate Market Study
- The global sodium trimetaphosphate market is anticipated to add 1.7X value by 2030 as compared to 2020.
- Food grade captures a major chunk of the market, equivalent to four-fifth of the global sodium trimetaphosphate market share.
- Starch modification is the fastest-growing segment in the sodium trimetaphosphate market, owing to rapid growth of starch modification production facilities across the globe, especially in East Asia.
- North America is set to dominate market revenue in 2020, but is expected to lose 370 BPS in its market share by 2030 over 2020.
- Water treatment application is anticipated to lose around 60 BPS during the forecast period of 2020-2030.
- East Asia is set to hold a leading share by the end of FY2030, and will be the fastest-growing regional market through 2030.
- After initial setbacks as a result of the COVID-19 outbreak, the sodium trimetaphosphate is set to recover by the second half of 2021.
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Key Segments of Sodium Trimetaphosphate Market
Grade
- Food
- Technical
- Industrial
Application
- Food Processing
- Water Treatment
- Pharmaceutical Industry
- Starch Modification
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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After reading the Sodium Trimetaphosphate Market report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
- Analyze key regions holding significant share of the total Sodium Trimetaphosphate Market revenue.
- Study the growth outlook of the global Sodium Trimetaphosphate Market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use on the Sodium Trimetaphosphate Market growth.
- Investigate the recent R&D projects performed by each Sodium Trimetaphosphate Market player.
The Sodium Trimetaphosphate Market report answers important questions which include:
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