Sodium Trimetaphosphate Market
Sodium Trimetaphosphate Market By Grade (Food, Technical, Industrial), By Application (Food Processing, Water Treatment, Pharmaceutical Industry, Starch Modification) - Global Market Insights 2022 to 2032
Analysis of Sodium Trimetaphosphate market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Sodium Trimetaphosphate Market Outlook (2022 to 2032)
The global sodium trimetaphosphate (STMP) is set to enjoy a valuation of US$ 38.9 million in 2022 and further expand at a CAGR of 5.4% to reach US$ 65.8 million by the end of 2032.
Growing demand from the booming pharmaceutical industry to augment the market’s growth. Also, the attention of market players towards enhancing product grades for specific applications to keep market momentum by 2032.
| Report Attributes | Details |
|---|---|
| Sodium Trimetaphosphate Size (2022) | US$ 38.9 Million |
| Forecasted Market Value (2032F) | US$ 65.8 Million |
| Global Market Growth Rate (2022 to 2032) | 5.4% CAGR |
| North America Market Share (2022) | ~32.4% CAGR |
| China Market Share (2022) | ~19.0% |
| Market Share of Top 3 Countries | ~29.4% |
| Key Companies Profiled | Huaxing; ICL; Hubei Xingfa Chemical Group Co. Ltd; Innophos; Norwest Chemicals; Reephos Chemical Co., Ltd |
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Comprehensive Analysis of Sales and Consumption Pattern
Sodium trimetaphosphate serve a multitude of purpose. Food companies mainly use them as a starch modifier and as a stabilizing agent. It is an excellent pH modifier and hence it is extensively used in water treatment plants and during the formulation of various personal care and oral care solution.
Besides these, they are also used as softening and buffering agents across various industries. However, the usage of STMP in detergent manufacturing has been decreasing over the last few decades as it is directly linked to water pollution.
- Short-Term Growth Projection: Expanding utilization and integration of the market in diverse domains will positively impact the market’s growth.
- Medium-Term Growth Projection: The personal care and cosmetic industry make a significant social and economic contribution to national and regional growth across the globe. STMP helps to inactivate metallic ions in order to prevent the deterioration of cosmetics and personal-care products. Besides this, it helps to minimize the change in the pH of a solution when an acid or base is added.
- Long-Term Growth Projection: The majority of the manufacturers in the market such as Xingfa, and Innophos channel the product for starch modification while ICL caters to the product only for construction purposes as a gypsum additive to strengthen the wall boards. Therefore, diversity in the market ensures a lower risk ratio of the overall market over the long-run forecast period.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth a 5.4% CAGR between 2022 and 2032.
Market share analysis of STMP based on application and region is provided in a nutshell in the above image. Under the application segment, the starch modification sub-segment dominates with a 69.1% market share in 2022.
“Increasing Demand for Processed Food to Supplement Market’s Growth”
Sodium trimetaphosphate is utilized in dairy and cheese merchandise as a stabilizer, for meat processing as a water retention agent. It is likewise used as a stabilizing agent to guard meal products against discoloration and a stabilizing agent to forestall nutrition C from decomposing.
Nowadays, meat producers promote custom-cut, marinated, and ready-to-cook packets of meat merchandise and provide clients sitting at home convenience to relish a non-vegetarian meal with no trouble of cleansing and cutting.
Consumers’ fast-paced urban lifestyle, lack of time, and growth in the quick-service restaurants (QSR) sector are the main reasons for the adoption of poultry, dairy, meat, and other functional food products in daily life.
The younger, wealthier demographic seeks ready-to-cook meal options as a way of life. The adoption of STMP in the sector is being fueled by developments in the food processing industry, innovations in processing technology, and a persistent increase in demand for processed food.
Moreover, with the growing preference for functional and healthy food, manufacturers are expected to adapt STMP in their processing at a high rate.
“Growing Beauty & Personal care Industry to Boost Market Growth”
STMP aids in the inactivation of metallic ions, which helps to control the damage to personal care and cosmetics products. Aside from that, it aids in minimizing the change in pH of a solution when an acid or base is added.
The personal care and cosmetics industry contribute significantly to global social and economic growth at the national and regional levels. Cosmetics provide significant functional and emotional benefits to consumers and their overall quality of life.
With economic and GDP growth, the GVA (gross value added) of the cosmetic sector is also increasing at a constant pace. In addition, the increasing workforce and rising disposable income are also driving the growth of the market.
For instance, the estimated revenue generated by the beauty and cosmetic segment in Southeast Asia (a collection of countries with increasing GDP and workforce) is valued at US$ 25.4 billion in 2020.
The average revenue per person is US$ 38.6, with 74.0% of sales contributing to mass-market cosmetics and 26.0% to luxury items. Other important factors driving growth include expansion in the men's grooming segment, increased awareness, and expansion in the rural segment.
All such factors are cumulatively contributing to the increased sales of cosmetic products, including those containing sodium trimetaphosphate.
“Dominant Presence of Alternatives to Restrict Market Growth”
Sodium trimetaphosphates and sodium tripolymetaphosphates are directly linked with water pollution. These compounds are gradually relinquishing their prominence among the builders used in consumer detergents in Europe and North America.
Additionally, these phosphates have declining demand in developing nations, especially in China, where they had previously dominated household detergents.
Nowadays, alternatives such as sodium carbonate, citric acid, and zeolites are gaining more ground as a substitute for STMP. With the increasing awareness for a cleaner and greener environment, chemical manufacturers are continuing to develop sustainable solutions for daily used products.
For instance, as a greener alternative for phosphates, BASF SE has recently developed two compounds that have the potential to completely replace phosphates in dishwashing detergents. These compounds are aminocarboxylates methylglycinediacetic acid (MGDA), and glutaminic acid diacetic acid.
Country-wise Insights
Why does India stand out as one of the Prominent Destinations for STMP manufacturers?
The surging demand for the pharmaceutical industry bolsters the market's growth. For instance, the Indian pharma market has been valued at US$ 42.0 billion in 2021 and is projected to rise to US$ 65.0 billion by 2024 and US$ 120–130 billion by 2030.
As of August 2021, CARE Ratings projects that India's pharmaceutical industry will grow at an average annual rate of 11% over the following two years, reaching a value of more than US$ 60.0 billion. The STMP is used for various purposes in the pharma industry and is estimated to upsurge the market's demand.
What is the Current Scenario of the Market in Germany?
Germany invests and generates high revenue from wastewater management facilities. Germany use to treat about 80-90% of the wastewater generated from private sources and residential areas. With the growing demand for clean water and necessity for the wastewater treatment, Germany invests billions of Euros to cater to the demand. Hence, growing investment in wastewater treatment in Germany propels the demand for the STMP due to its utilization in wastewater treatment.
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Category-wise Insights
Which Grade is Triggering the STMP Requirement?
Food grade accounts for the major market share. Food-grade sodium trimetaphosphate is widely used in food processing as well as to modify starch.
The industrial-grade comes in second in terms of market share, after the food grade. Industrial-grade sodium trimetaphosphate (STMP) is expected to have a significant positive impact on the market because it is widely used in the production of cosmetics and as an additive to gypsum.
How is STMP Witnessing Increasing Sales in Water Treatment Services?
Despite the fact that 70% of our planet is covered with water, it is still a dwindling resource. Only 3% of it is freshwater, which is drinkable and used for daily purposes such as bathing and watering crops.
Two-thirds of this 3% water is also hidden in frozen glaciers or otherwise inaccessible. Many of the local water systems that maintain healthy ecosystems and supply drinkable water to the populace have recently started to show signs of stress.
As a result of drying up or pollution, lakes, rivers, and aquifers have become unusable. By 2025, two-thirds of the world's population will likely experience water shortages due to current consumption rates. The industrial sector and municipal corporations currently use far more water than supply.
Water is turned out to be a critical necessary resource, which is estimated to get reduced with the growing world population projected to increase from 3.0 billion to 9.0 billion by 2050 and continuous industrial growth worldwide. For this reason, the demand for water treatment plants is emerging across the planet.
Sodium trimetaphosphate (STMP) is extensively used in controlling the pH factor in treatment plants. So the increasing demand for water treatment plants is directly contributing to the demand for STMP, thus driving the segment’s growth.
Eminent Players Key Stratagems
Prominent market players are Huaxing, ICL, Hubei Xingfa Chemical Group Co. Ltd, Innophos, Norwest Chemicals, and Reephos Chemical Co., Ltd, among others.
The companies have been significantly developing grades against the backdrop of growing applications. Hefty investments in the end-use market such as starch modification enable them to reach out to new application avenues.
Most manufacturers are reducing the price of their products. On the other hand, other players, specifically in the developed countries are adopting long-lasting and increased durability approaches with a strong focus on quality. Such measures fuel market growth and enable manufacturers to gain high-profit margins.
Fact.MR has provided detailed information about the price points of key manufacturers of STMP positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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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
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Grade
- 7.1. Food Grade
- 7.2. Technical Grade
- 7.3. Industrial Grade
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Food Processing
- 8.2. Water Treatment
- 8.3. Pharmaceutical Industry
- 8.4. Starch Modification
- 8.5. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Huaxing Chemicals
- 18.2. Hubei Xingfa Chemicals Group Co. Ltd
- 18.3. ICL
- 18.4. Innophos
- 18.5. Norwest Chemicals
- 18.6. Reephos Chemical Co., Ltd
- 18.7. Xuzhou Tianjia Food Chemical Co., Ltd.
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2017 to 2021
Table 02. Global Market Value (US$ million) and Forecast by Region, 2022 to 2032
Table 03. Global Market Volume (Tons) and Forecast by Region, 2017 to 2021
Table 04. Global Market Volume (Tons) and Forecast by Region, 2022 to 2032
Table 05. Global Market Value (US$ million) and Forecast By Grade, 2017 to 2021
Table 06. Global Market Value (US$ million) and Forecast By Grade, 2022 to 2032
Table 07. Global Market Volume (Tons) and Forecast By Grade, 2017 to 2021
Table 08. Global Market Volume (Tons) and Forecast By Grade, 2022 to 2032
Table 09. Global Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 10. Global Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 11. Global Market Volume (Tons) and Forecast By Application, 2017 to 2021
Table 12. Global Market Volume (Tons) and Forecast By Application, 2022 to 2032
Table 13. North America Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 14. North America Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 15. North America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 16. North America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 17. North America Market Value (US$ million) and Forecast By Grade, 2017 to 2021
Table 18. North America Market Value (US$ million) and Forecast By Grade, 2022 to 2032
Table 19. North America Market Volume (Tons) and Forecast By Grade, 2017 to 2021
Table 20. North America Market Volume (Tons) and Forecast By Grade, 2022 to 2032
Table 21. North America Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 22. North America Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 23. North America Market Volume (Tons) and Forecast By Application, 2017 to 2021
Table 24. North America Market Volume (Tons) and Forecast By Application, 2022 to 2032
Table 25. Latin America Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 26. Latin America Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 27. Latin America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 28. Latin America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 29. Latin America Market Value (US$ million) and Forecast By Grade, 2017 to 2021
Table 30. Latin America Market Value (US$ million) and Forecast By Grade, 2022 to 2032
Table 31. Latin America Market Volume (Tons) and Forecast By Grade, 2017 to 2021
Table 32. Latin America Market Volume (Tons) and Forecast By Grade, 2022 to 2032
Table 33. Latin America Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 35. Latin America Market Volume (Tons) and Forecast By Application, 2017 to 2021
Table 36. Latin America Market Volume (Tons) and Forecast By Application, 2022 to 2032
Table 37. Europe Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 38. Europe Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 39. Europe Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 40. Europe Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 41. Europe Market Value (US$ million) and Forecast By Grade, 2017 to 2021
Table 42. Europe Market Value (US$ million) and Forecast By Grade, 2022 to 2032
Table 43. Europe Market Volume (Tons) and Forecast By Grade, 2017 to 2021
Table 44. Europe Market Volume (Tons) and Forecast By Grade, 2022 to 2032
Table 45. Europe Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 46. Europe Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 47. Europe Market Volume (Tons) and Forecast By Application, 2017 to 2021
Table 48. Europe Market Volume (Tons) and Forecast By Application, 2022 to 2032
Table 49. East Asia Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 50. East Asia Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 51. East Asia Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 52. East Asia Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 53. East Asia Market Value (US$ million) and Forecast By Grade, 2017 to 2021
Table 54. East Asia Market Value (US$ million) and Forecast By Grade, 2022 to 2032
Table 55. East Asia Market Volume (Tons) and Forecast By Grade, 2017 to 2021
Table 56. East Asia Market Volume (Tons) and Forecast By Grade, 2022 to 2032
Table 57. East Asia Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 59. East Asia Market Volume (Tons) and Forecast By Application, 2017 to 2021
Table 60. East Asia Market Volume (Tons) and Forecast By Application, 2022 to 2032
Table 61. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 63. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 65. South Asia & Oceania Market Value (US$ million) and Forecast By Grade, 2017 to 2021
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Grade, 2022 to 2032
Table 67. South Asia & Oceania Market Volume (Tons) and Forecast By Grade, 2017 to 2021
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Grade, 2022 to 2032
Table 69. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 71. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2017 to 2021
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2022 to 2032
Table 73. MEA Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 74. MEA Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 75. MEA Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 76. MEA Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 77. MEA Market Value (US$ million) and Forecast By Grade, 2017 to 2021
Table 78. MEA Market Value (US$ million) and Forecast By Grade, 2022 to 2032
Table 79. MEA Market Volume (Tons) and Forecast By Grade, 2017 to 2021
Table 80. MEA Market Volume (Tons) and Forecast By Grade, 2022 to 2032
Table 81. MEA Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 82. MEA Market Value (US$ million) and Forecast By Application, 2022 to 2032
Table 83. MEA Market Volume (Tons) and Forecast By Application, 2017 to 2021
Table 84. MEA Market Volume (Tons) and Forecast By Application, 2022 to 2032
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2022 to 2032
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 03. Global Market Value (US$ million) and Volume (Tons) by Region, 2022 & 2032
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Grade, 2022 & 2032
Figure 06. Global Market Y-o-Y Growth Rate By Grade, 2022 to 2032
Figure 07. Global Market Value (US$ million) and Volume (Tons) By Application, 2022 & 2032
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2022 to 2032
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 11. North America Market Value (US$ million) and Volume (Tons) by Country, 2022 & 2032
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Grade, 2022 & 2032
Figure 14. North America Market Y-o-Y Growth Rate By Grade, 2022 to 2032
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Application, 2022 & 2032
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 17. North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 18. North America Market Attractiveness Analysis By Grade, 2022 to 2032
Figure 19. North America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2022 to 2032
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 22. Latin America Market Value (US$ million) and Volume (Tons) by Country, 2022 & 2032
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Grade, 2022 & 2032
Figure 25. Latin America Market Y-o-Y Growth Rate By Grade, 2022 to 2032
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2022 & 2032
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 28. Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 29. Latin America Market Attractiveness Analysis By Grade, 2022 to 2032
Figure 30. Latin America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2022 to 2032
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 33. Europe Market Value (US$ million) and Volume (Tons) by Country, 2022 & 2032
Figure 34. Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Grade, 2022 & 2032
Figure 36. Europe Market Y-o-Y Growth Rate By Grade, 2022 to 2032
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By Application, 2022 & 2032
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 39. Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40. Europe Market Attractiveness Analysis By Grade, 2022 to 2032
Figure 41. Europe Market Attractiveness Analysis By Application, 2022 to 2032
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2022 to 2032
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 44. East Asia Market Value (US$ million) and Volume (Tons) by Country, 2022 & 2032
Figure 45. East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Grade, 2022 & 2032
Figure 47. East Asia Market Y-o-Y Growth Rate By Grade, 2022 to 2032
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2022 & 2032
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 50. East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 51. East Asia Market Attractiveness Analysis By Grade, 2022 to 2032
Figure 52. East Asia Market Attractiveness Analysis By Application, 2022 to 2032
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2022 to 2032
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons) by Country, 2022 & 2032
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Grade, 2022 & 2032
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Grade, 2022 to 2032
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2022 & 2032
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Grade, 2022 to 2032
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2022 to 2032
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2022 to 2032
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2022 to 2032
Figure 66. MEA Market Value (US$ million) and Volume (Tons) by Country, 2022 & 2032
Figure 67. MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Grade, 2022 & 2032
Figure 69. MEA Market Y-o-Y Growth Rate By Grade, 2022 to 2032
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By Application, 2022 & 2032
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 72. MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73. MEA Market Attractiveness Analysis By Grade, 2022 to 2032
Figure 74. MEA Market Attractiveness Analysis By Application, 2022 to 2032
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- FAQs -
What is the global STMP market size?
The global market is valued at US$ 38.9 million in 2022.
How is the market for STMP expected to fare going forward?
Worldwide demand is anticipated to reach US$ 65.8 million by 2032-end.
What will be China’s value by the end of 2022?
China is expected to reach a valuation of US$ 7.4 million by the end of 2022.
Which regional STMP market accounts for a leading market share?
North America tops the global market accounting for 32.4% market share.
Which application holds the highest market share?
Starch Modification accounts for a 69.1% share of global sales.
Sodium Trimetaphosphate Market