DUBLIN--(BUSINESS WIRE)--The "Sodium Hypophosphite Market by Function (Reducing Agents, Catalysts & Stabilizers, Chemical Intermediates), Application (Electroplating, Water Treatment, Chemicals & Pharmaceuticals), Grade (Electrical, Industrial), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Sodium Hypophosphite Market is Estimated to be Valued at USD 664 Million in 2019 and is Likely to Reach USD 890 Million By 2025, Growing at a CAGR of 5.0%
The Asia Pacific region, backed by the development of its electronics and automotive industry, holds high growth prospects for sodium hypophosphite manufacturers in the years to come.
The global sodium hypophosphite market is expected to grow owing to its increased demand from various end-use industries such as automotive, aerospace & defense, electrical & electronics, industrial machinery, medical device, and construction. The current market growth for sodium hypophosphite is backed by high demand of reducing agents and antioxidants from the Asia Pacific region.
Sodium hypophosphite (SHP) (NaPO2H2, also known as sodium phosphinate) is the sodium salt of hypophosphorous acid and is often encountered as the monohydrate, NaPO2H2H2O. It is an odorless white crystal, remains solid at room temperature, soluble in water, and easily absorbs moisture from the air.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in this Market
4.2 Sodium Hypophosphite Market: Key Countries
4.3 Market, By Function and Region
4.4 Market, By Application & Region
4.5 Asia Pacific: Sodium Hypophosphite Market, By Function & Country
4.6 Sodium Hypophosphite Market, By Grade
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Expansion of the Electronics and Automotive Sectors in the Asia Pacific Region
18.104.22.168 Rise in Demand for Water Treatment in Industrial Applications
22.214.171.124 Rise in the Price of Phosphorous Rocks Owing to Scarcity in Supply
126.96.36.199 Food Industry: Key Revenue Generator in the Coming Years
188.8.131.52 Availability of Alternatives in the Market
5.3 Supply Chain Analysis
6 Sodium Hypophosphite Market, By Function
6.2 Reducing Agents
6.2.1 Rise in Chemical Nickel-Plating and Surface Plating
6.3 Catalysts & Stabilizers
6.3.1 Rise in Investment in Pharmaceutical Applications That Incorporate Sodium Hypophosphite
6.4 Chemical Intermediates
6.4.1 Sodium Hypophosphite is Used as A Raw Material to Produce Other Chemicals
6.5.1 Government Initiatives Toward the Usage of Sodium Hypophosphite in the Food Industry
7 Sodium Hypophosphite Market, By Grade
7.2.1 Expansion of the Automotive and Electronics Industries in the Asia Pacific Region to Boost Sales of Sodium Hypophosphite
7.3.1 Multifunctionality of Sodium Hypophosphite Across Various Industries Expected to Boost Its Sales
7.4.1 Food Industry Expected to Be the Key Revenue Generator in the Coming Years
8 Sodium Hypophosphite Market, By Application
8.2.1 Rise in Demand for Nickel Plating and Surface Plating in End-Use Industries
8.3 Water Treatment
8.3.1 Growth in Awareness for Waste-Water Recycling for Industrial Purpose
8.4 Chemicals & Pharmaceuticals
8.4.1 Increase in Investment and R&D on Environment-Friendly and Durable Pharma Products
8.5.1 Increase in Government Initiatives to Encourage the Adoption of Shp in Convenience Foods
9 Sodium Hypophosphite Market, By Region
10 Competitive Landscape
10.1 Competitive Leadership Mapping (Overall Market)
10.2 Ranking of Key Players, 2018
11 Company Profiles
11.3 Nippon Chemical Industrial Co., Ltd
11.5 Hubei Xingfa Chemicals Group Co., Ltd.
11.6 Changshu New-Tech Chemicals Co., Ltd.
11.7 Jiangxi Fuerxin Medicine Chemical Co., Ltd.
11.8 Jiangsu Kangxiang Industrial Group Co., Ltd.
11.9 Hubei Lianxing Chemical Co., Ltd.
11.10 Jiangsu Dan AI Chemical Co., Ltd.
11.11 Hubei Sky Lake Chemical Co., Ltd.
11.12 Huanggang Quanwang Chemical Co., Ltd.
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