Rockville, Oct. 18, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global sodium trimetaphosphate market is estimated at US$ 38.9 million in 2022 and is expected to expand at a CAGR of 5.4% during the forecast years of 2022-2032.
Modified starch possesses numerous functional properties that are suitable for a wide range of industrial applications. As a result of its ability to bulk up after absorbing water, it renders the essential mouthful feel to the food products in which it is used. This makes it an excellent substitute for fat.
Besides this, modified starches are also used as a thickener or a gelling agent in food products. Nowadays, the texture of any food product plays a vital role in consumer preference. Sodium trimetaphosphate is used as a crosslinking agent in the esterification of starch.
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In cross-linking, stronger and more permanent covalent bonds are used to replace intra- and inter-hydrogen bonds in starch chains. A starch is slurried in a solution of a reagent at pH 5.0 - 8.5 to cross-link it with STMP.
After that, the starch is dried and the suspension is filtered. It has been noted that using STMP improves and more evenly distributes cross-links throughout the granule. Modified starch demand is rising as a result of consumers' growing desire for convenience and processed foods. This, in turn, is driving the market's demand for STMP.
Key Takeaways from Market Study
- The global STMP market is projected to expand at an impressive CAGR of 5.4% and be valued at US$ 65.8 million by 2032
- North America dominated the market with a 32.4% market share in 2022
- China is expected to reach a valuation of US$ 7.4 million by the end of 2022
- Application in starch modification is likely to represent 69.1% market share in 2022
“Sodium Trimetaphosphate as a Crosslinking Agent in the Esterification of Starch, Projects Immense Growth Opportunities,” says a Fact.MR analyst.
How is STMP Observing Growing Sales in Water Treatment Services?
Despite the fact that water covers 70% of our world, it is still a finite resource. Only 3% of it is freshwater, which can be drunk and is utilised on a daily basis for activities like bathing and watering plants.
Additionally, two-thirds of this 3% of water is inaccessible or frozen glaciers. Numerous regional water systems that support thriving ecosystems and provide the general public with drinking water have recently begun to exhibit signs of stress.
Lakes, rivers, and aquifers are no longer usable due to drying up or contamination. Due to current consumption patterns, two-thirds of the world's population is anticipated to encounter water shortages by 2025.
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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
Market Development
Companies such as ICL, Huaxing, and others, are constantly looking for channelling appropriate grades for customers and constantly focusing on evolving applications in the market. Key manufacturers and new players are focused to expand and grow in international markets, including Latin America and South East Asia by identifying demand patterns in the region.
Strong relationships with consumers such as modified starch manufacturers, water treatment industries, the food processing industry, and the building and construction industry are set to reinforce the sales of the firm over the long-term forecast period.
Key Companies Profiled
- Huaxing
- ICL
- Hubei Xingfa Chemical Group Co. Ltd
- Innophos
- Norwest Chemicals
- Reephos Chemical Co., Ltd
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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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