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.
Know More Details About the Report
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.
Avail customized purchase options for your needs
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- 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)
- 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.
An Adaptive Approach to Modern-day Research Needs
- 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
- Neturalizing Agent
- Chemical Intermediate
- Wetting Agent
On the basis of end use, global Hypophosphorous Acid market is segmented into;
- Polymer & plastics
- Electronics and electrical
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
The Rise of Intelligent Packaging
Personalized, Connected and Sustainable
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.