Global Sodium Hypophosphite Market Research Report 2023(Status and Outlook)

Global Sodium Hypophosphite Market Research Report 2023(Status and Outlook)

Report Overview

Sodium hypophosphite (NaPO2H2, also known as sodium phosphinate) is the sodium salt of hypophosphorous acid and is often encountered as the monohydrate, NaPO2H2·H2O. It is a solid at room temperature, appearing as odorless white crystals. It is soluble in water, and easily absorbs moisture from the air.

Main Applications:

a. Chemical plating by chemical plating surface with corrosion resistant, uniform thick, Ni-P alloy coating firmly, can replace the stainless steel material, widely used in electronics, machinery, petroleum, chemical, aerospace, marine, food and pharmaceutical industries.

b. Plastic, ceramic, glass, quartz and other non-metallic materials surface metallization.

c. Water treatment, preparation of various industrial preservatives and oil field inhibitor.

d. Food, industrial boiler water additives.

e. It can be used as chemical reaction catalyst, stabilizer.

f. It can be used as antioxidant, anti bleaching agent, dispersant, textile finishing and pharmaceutical industries.

Hubei Xingfa Chemicals Group Co., Ltd., Solvay dominated the market, with accounted for 26%, 23% of the Sodium Hypophosphite production value market share respectively. Changshu New-Tech Chemicals Co., Ltd. and Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd. are the key players and accounted for 16%, 8% respectively of the overall Sodium Hypophosphite market share. Global giant players mainly distributed in China, and it has unshakable status in this field.

Europe is the largest consumption region of Sodium Hypophosphite, with a consumption market share nearly 25%. The second place is USA, following Europe with the consumption market share over 23%.

The Global Sodium Hypophosphite Market Size was estimated at USD 220.00 million in 2022 and is projected to reach USD 276.14 million by 2029, exhibiting a CAGR of 3.30% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Sodium Hypophosphite market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Sodium Hypophosphite Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Sodium Hypophosphite market in any manner.

Global Sodium Hypophosphite Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Hubei Xingfa Chemicals Group Co., Ltd.

Solvay

Changshu New-Tech Chemicals Co., Ltd.

Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd.

Jiangsu Kangxiang Industrial Group Co., Ltd.

Zhejiang Zengxin Chemistry Co.,Ltd

Hubei Lianxing Chemical Co., Ltd.

Febex SA (Arkema)

Market Segmentation (by Type)

Electronic Grade

Industrial Grade

Market Segmentation (by Application)
0-6 Months Babies
6-18 Months Babies

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Sodium Hypophosphite Market

Overview of the regional outlook of the Sodium Hypophosphite Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors