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Sodium Trimetaphosphate Market Growing at 3.20% CAGR Will Hit 45 Million US$ in 2025

 

Los Angeles, CA -- (SBWIRE) -- 04/12/2019 -- Sodium trimetaphosphate (also STMP), with formula Na3P3O9, is a metaphosphate of sodium. It has the empirical formula NaPO3. It is the sodium salt of trimetaphosphoric acid. It is a colourless solid.

In consumption market, USA and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 97% of the global consumption volume in total.

Sodium Trimetaphosphate has different grade, which include Industrial Grade and Food Grade, and each type has different application people and places relatively.

The major raw materials for Sodium Trimetaphosphate are Phosphoric Acid, Soda Ash and other components. Fluctuations in the price of the upstream product will impact on the production cost of Sodium Trimetaphosphate. The production cost of Sodium Trimetaphosphate is also an important factor which could impact the price of Sodium Trimetaphosphate. As the world's largest phosphate production base, China has a natural cost advantage.

The global Sodium Trimetaphosphate market was 36 million US$ in 2018 and is expected to 45 million US$ by the end of 2025, growing at a CAGR of 3.2% between 2019 and 2025.

This report studies the Sodium Trimetaphosphate market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Sodium Trimetaphosphate in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

ICL

Innophos

Xingfa Chemicals

Sichuan Mianzhu Norwest Phosphate

Guizhou Sino-Phos Chemical

Chengdu Chemical Engineering Research

Xuzhou Tianjia

Reephos Group

Sichuan Chenghong Phosph-Chemical

Xingxin Biological

Xinxiang Huaxing Chemical

Hens

By the product type, the market is primarily split into

Industrial Grade

Food Grade

By the end users/application, this report covers the following segments

Food & Beverage

Meat Processing

Dairy Products

Gypsum Board

Others

Key Regions split in this report:

North America

Asia-Pacific

Europe

Central & South America

Middle East & Africa

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