With more than 60% of the industrial cluster located there, China provides the majority of the sodium trimetaphosphate supply, which benefits from agglomeration economies. According to Fact.MR released study on the worldwide sodium trimetaphosphate market, rising modified starch production in the area is expected to increase demand for sodium trimetaphosphate. The majority of sodium trimetaphosphate’s major users have set up shop in China and have been growing their production capacity between 2015 and 2019. For instance, major producer of modified starch Ingredion has positioned itself in China to profit from economies of density and cheaper manufacturing costs. Additionally, throughout the upcoming years, the demand for sodium trimetaphosphate in food grade will outnumber that for technical and industrial grade by a ratio of more than 8:2.
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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
- By 2030, the market for sodium trimetaphosphate is expected to be worth 1.7 times more than it was in 2020.
- A significant portion of the market, or around 45% of the worldwide sodium trimetaphosphate market, is taken up by food grade.
- Due to the rapid expansion of starch modification manufacturing facilities across the world, particularly in East Asia, starch
- modification is the market sector for sodium trimetaphosphate that is expanding at the highest rate.
- Market revenue is likely to be dominated by North America in 2020, although market share is predicted to decline by 370 BPS by 2030 compared to 2020.
- During the prediction period of 2020–2030, it is expected that water treatment applications would lose around 60 BPS.
- By the end of FY2030, East Asia is anticipated to have a commanding position and be the fastest-growing regional market.
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
After reading the Sodium Trimetaphosphate Market report, readers can:
- Recognize the trends, opportunities, and opportunities that are influencing global growth.
- Analyze important geographic areas that contribute significantly to the global Sodium Trimetaphosphate Market’s revenue.
- Examine the production, consumption, historical trends, and forecast for the worldwide Sodium Trimetaphosphate Market.
- Find out how each end use affects the growth of the sodium trimetaphosphate market and the consumption patterns.
- Examine the most recent R&D initiatives undertaken by each participant in the Sodium Trimetaphosphate Market.
The Sodium Trimetaphosphate Market report answers important questions which include:
- How does the market for sodium trimetaphosphate now stand?
- What will the Motocross Gears Market look like in five years?
- What area contributes the most to the devices market for sodium trimetaphosphate and why?
- Which companies continue to dominate the Sodium Trimetaphosphate Market?
- What prospects exist for the participants in the Sodium Trimetaphosphate Market to increase the size of their manufacturing footprint?
- What industry sector has the biggest influence on the Sodium Trimetaphosphate Market’s appearance?
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