According to Fact.MR, a market research and competitive intelligence provider, the global sodium trimetaphosphate market was valued at US$ 38.9 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2032.
Modified starch offers several functional properties that make it ideal for a variety of industrial applications. Its ability to absorb water and increase in volume gives food products a desirable texture, making it an effective fat substitute. Additionally, modified starches are commonly used as thickeners or gelling agents in food production, where texture plays a crucial role in consumer preference.
Sodium trimetaphosphate is a key component in this process, serving as a crosslinking agent in the esterification of starch. This role enhances the performance of modified starch in various food products, further driving demand in the sodium trimetaphosphate market.
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In the cross-linking process, stronger and more permanent covalent bonds replace the intra- and inter-hydrogen bonds in starch chains. To achieve this, starch is slurried in a solution of a reagent at a pH of 5.0 to 8.5, where it is cross-linked with sodium trimetaphosphate (STMP). Following this, the starch is dried and the suspension is filtered. STMP has been found to improve the strength and even distribution of cross-links within starch granules.
The rising demand for modified starch, driven by consumers' increasing preference for convenience and processed foods, is fueling the growth of the STMP market.
Key Takeaways from the Market Study:
- The global sodium trimetaphosphate (STMP) market is projected to grow at a robust CAGR of 5.4%, reaching a value of US$ 65.8 million by 2032.
- North America led the market in 2022, capturing a 32.4% market share.
- China is expected to achieve a market valuation of US$ 7.4 million by the end of 2022.
- The application of STMP in starch modification is anticipated to account for 69.1% of the market share in 2022.
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Competitive Landscape
Companies in the sodium trimetaphosphate (STMP) market are actively developing specialized product grades to cater to the expanding range of applications. Significant investments in end-use markets, such as starch modification, have enabled companies to tap into new application areas and broaden their customer base.
Many manufacturers are focusing on reducing product prices to stay competitive. Meanwhile, others, particularly in developed markets, are emphasizing long-lasting, durable solutions with a focus on quality. These strategies not only drive market growth but also help manufacturers achieve higher profit margins.
Key Companies Profiled:
- Huaxing
- ICL
- Hubei Xingfa Chemical Group Co. Ltd.
- Innophos
- Norwest Chemicals
- Reephos Chemical Co., Ltd.
Market Development
Leading companies like ICL and Huaxing are continuously developing tailored grades to meet customer demands and exploring new applications. Key manufacturers and emerging players are expanding their presence in international markets such as Latin America and Southeast Asia by identifying and responding to regional demand trends.
Building strong relationships with key consumers in industries like modified starch manufacturing, water treatment, food processing, and construction is expected to boost sales and support long-term market growth.
Segmentation of Sodium Trimetaphosphate Industry Research
- By Grade:
- Food
- Technical
- Industrial
- By Application:
- Food Processing
- Water Treatment
- Pharmaceutical Industry
- Starch Modification
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Read More: https://www.factmr.com/report/2936/sodium-trimetaphosphate-market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global STMP market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of grade (food, technical, and industrial), application (food processing, water treatment, pharmaceutical industry, starch modification, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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