Press release
Global Sodium Trimetaphosphate Market to Progress at a 5% CAGR Through 2030
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.For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2936&utm_source=openpr&utm_medium=Prasad
Key consumers of sodium trimetaphosphate have positioned themselves in China, and have been expanding their production facilities over 2015-2019.
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.
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• 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.
Key Segments of Sodium Trimetaphosphate Market
Grade
• Food
• Technical
• Industrial
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Application
• Food Processing
• Water Treatment
• Pharmaceutical Industry
• Starch Modification
• Others
Consolidated Market to Strengthen Price Points
The sodium trimetaphosphate market is highly consolidated in nature, with only a few manufacturers such as Xingfa, ICL, and Innophos contributing 80% of the market share. These manufacturers produce sodium trimetaphophate at lower marginal cost, and have high price setting power as compared to manufacturers with lower production scales.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/26/2007072/0/en/Demand-for-Pharmaceutical-Packaging-to-Double-Through-2029-High-Preference-for-Sustainable-Packaging-to-Drive-Market-Growth-Says-a-New-Fact-MR-study.html
With new entrants coming into the modified starch market, Xingfa is expected to collaborate with modified starch manufacturers to ensure long-term financial stabilization.
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