Sodium Trimetaphosphate Market

Sodium Trimetaphosphate Market Outlook (2022-2032)

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 (2022-2032)	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

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.

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.

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