Global Sodium Hypophosphite Market, By Function (Catalysts & Stabilizers, Reducing Agents, Chemical Intermediates), Grade (Electrical, Industrial), Application (Water Treatment, Electroplating, Chemicals & Pharmaceuticals), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The sodium hypophosphite market is expected to witness market growth at a rate of 4.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on sodium hypophosphite market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in health consciousness globally is escalating the growth of sodium hypophosphite market.
Sodium hypophosphite, also called phosphinic acid, sodium salt and monohydrate and has the chemical formula of NaH2PO2.H2O and molecular weight is 105.99. The compound is available in white, odorless, deliquescent granular powder along with saline taste. The sodium hypophosphite is soluble in alcohol, water and glycerol, and synthesized by using neutralization of hypophosphorous acid.
The rise in demand for water treatment in industrial applications across the globe acts as one of the major factors driving the growth of sodium hypophosphite market. The rise in usage of sodium hypophosphite in the electroplating application as reducing agents, and increase in electroplating of metal surface assist in enhancing properties such as abrasion resistance, hardness, corrosion resistance, and strength among others accelerate the market growth. The increase in demand for electroplated metal products in fabrication of machineries, aviation component, marine part, and aviation component among other application, and expansion of the electronics and automotive sectors in the Asia Pacific Region further influence the market. Additionally, rapid urbanization, increase in environmental awareness and rise in population positively affect the sodium hypophosphite market. Furthermore, advancements in the compound and development of electroplating application extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, availability of alternatives in the market is expected to obstruct the market growth. Rise in the price of phosphorous rocks owing to scarcity in supply is projected to challenge the sodium hypophosphite market in the forecast period of 2021 to 2028.
This sodium hypophosphite market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sodium hypophosphite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sodium Hypophosphite Market Scope and Market Size
The sodium hypophosphite market is segmented on the basis of function, grade and applications. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of function, the sodium hypophosphite market is segmented into catalysts & stabilizers, reducing agents, and chemical intermediates.
- On the basis of grade, the sodium hypophosphite market is segmented into electrical and industrial.
- On the basis of application, the sodium hypophosphite market is segmented into water treatment, electroplating and chemicals & pharmaceuticals.
Sodium Hypophosphite Market Country Level Analysis
The sodium hypophosphite market is analysed and market size, volume information is provided by country, function, grade and applications as referenced above.
The countries covered in the sodium hypophosphite market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the sodium hypophosphite market because of the presence of large electronics and automotive manufacturers within the region. North America and Europe are expected to witness growth during the forecast period of 2021 to 2028 due to the increase in demand for sodium hypophosphite in end-use industries.
The country section of the sodium hypophosphite market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sodium Hypophosphite Market Share Analysis
The sodium hypophosphite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sodium hypophosphite market.
The major players covered in the sodium hypophosphite market report are Arkema Group, Changshu New-Tech Chemicals Co., Ltd., Huanggang Quanwang Chemical Co., Ltd., Hubei Sky Lake Chemical Co., Ltd., Hubei Xingfa Chemicals Group Co., Ltd., Jiangsu Danai Chemical Co., Ltd., Jiangsu Kangxiang Industrial Group Co., Ltd., Jiangxi Fuerxin Medicine Chemical Co., Ltd., Nippon Chemical Industrial CO., LTD., Merck KGaA, Solvay, and Febex SA, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Sodium Hypophosphite Market
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