Hypophosphorous Acid Market

Hypophosphorous Acid Market Size, Share & Trends Analysis Report By Grade (Technical Grade, Pharma Grade), By Function (Bleaching Agent, Stabilizer, Neturalizing Agent), By End Use, By Region - Global Review 2018 To 2028

Analysis of Hypophosphorous Acid market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Introduction

Hypophosphorous Acid, molecular formula:- H3PO2, is a colourless phosphorus oxo-acid compound. Hypophosphorous Acid is act as a strong reducing agents. Generally, production of conventional hypophosphorous acid is carried out by a metathesis method or an ion exchange resin method. Hypophosphorous Acid is stable compound under normal condition, however, after heating it decomposes into phosphoric acid, hydrogen, and phosphine compounds. Generally, Hypophosphorous Acid are used as bleaching agent in synthetic fibers, plastics, and chemicals applications.

Also, hypophosphorous acid and its derivative compounds i.e. hypophosphite salts such as calcium hypophosphite, magnesium hypophosphite, and sodium hypophosphite, among others, are prevalently used in the synthesis of chemicals, pharmaceuticals, electroplating, and water treatments applications. Also, Hypophosphorous Acid is used as a decolorizing agent and stabilising agent in the production of polymer and plastic compounds such as polyamides, nylon fibers, alkyd resins, polyacrylonitrile, polyester fibre, epoxies, and fatty acid esters, among others.

Hypophosphorous Acid Market Dynamics

Over the recent past, there has been significant growth in demand for Hypophosphorous Acid across the globe. This can be attributed to increasing demand from the chemicals, polymers and pharmaceutical industry. Rise in demand for Hypophosphorous Acid as chemical intermediates, supported by its increasing utilization for producing Hypophosphite Salts, phosphinic acid and decolourisation of several chemical, among others, have been the major driving factors responsible for its growth. Furthermore, healthy growth of the pharmaceutical industry in developing countries, such as India, China, and ASEAN countries, will be a prominent factor supporting its market growth. Moreover, increasing use of hypophosphorous acid as a bleaching agent, colour stabiliser and catalyst in production of polymer and plastic products is projected to bolster its market growth. However, the fluctuating prices of raw material have directly affected the prices of hypophosphorous acid as well. Hypophosphorous acid and its salts are mainly used as reducing agents in electroplating application. With technology advancement in electronics and defence industry, demand for high purity hypophosphorous acid and its salts was increased. However, conventional production method of hypophosphorous acid and its salts are unable to cater this requirement owing to which manufacturer are emphasizing on development of new production method. Thus, the development of cost effective manufacturing techniques for hypophosphorous acid will create new opportunities for the growth of the market.

Hypophosphorous Acid Market: Regional Outlook

The global hypophosphorous acid market is dominated by the Asia Pacific region (APAC), mainly by the China. In terms of production, significant share of global hypophosphorous Acid market is accounted by the China. With steady growth of end use industries such as polymer, Chemicals, pharmaceuticals and electronics industry, in China that in turn help to drive demand for the Hypophosphorous Acid market. Europe and North America collectively hold the second spot in terms of consumption. This growth in demand for Hypophosphorous Acid market is mainly attributed to the rising demand for bleaching and antioxidant agents in pharmaceutical and polymer industries in these region. However, government regulation in Europe and North America may effect the growth of Hypophosphorous Acid markets. North America and Europe Hypophosphorous Acid market are expected to register steady growth which is supported by the steady growth of the pharmaceutical industry in these regions, over the forecast period. The MEA and Latin America Hypophosphorous Acid markets are projected to register slow growth over the forecast period.

Hypophosphorous Acid Market: Market Participants

Some of the major players identified across the value chain of the Global Hypophosphorous Acid market are:

  • Arkema Group
  • Hubei Lianxing Chemical Co., Ltd.
  • Qingyuan RGDC Chemicals Co.,Ltd
  • Jiangsu Kangxiang Industrial Group Co., Ltd.
  • Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd.
  • NEEMCCO Pvt Ltd.
  • Prasol Chemicals Pvt. Ltd., among others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR

Hypophosphorous Acid Market: Segmentation

On the basis of grade, global Hypophosphorous Acid market is segmented into;

  • Technical grade
  • Pharma grade

On the basis of Function, global Hypophosphorous Acid market is segmented into;

  • Bleaching Agent
  • Stabilizer
  • Neturalizing Agent
  • Catalyst
  • Chemical Intermediate
  • Antioxidant
  • Wetting Agent

On the basis of end use, global Hypophosphorous Acid market is segmented into;

  • Chemical
  • Pharmaceuticals
  • Polymer & plastics
  • Electronics and electrical
  • Others

- FAQs -

What is the market size for hypophosphorous acid?

The global hypophosphorous acid market is valued at US$ 695 million in 2022.

What is the forecasted size for the global hypophosphorous acid market?

The global hypophosphorous acid market is projected to hit US$ 930 million by 2028

At what CAGR is hypophosphorous acid demand predicted to expand?

Global demand for hypophosphorous acid is anticipated to increase at a CAGR of 5% during the forecast period.

Hypophosphorous Acid Market

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