Global Sodium Hypophosphite Market Growth 2023-2029

Global Sodium Hypophosphite Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Sodium Hypophosphite Industry Forecast” looks at past sales and reviews total world Sodium Hypophosphite sales in 2022, providing a comprehensive analysis by region and market sector of projected Sodium Hypophosphite sales for 2023 through 2029. With Sodium Hypophosphite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sodium Hypophosphite industry.

This Insight Report provides a comprehensive analysis of the global Sodium Hypophosphite landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sodium Hypophosphite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sodium Hypophosphite market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sodium Hypophosphite and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sodium Hypophosphite.

The global Sodium Hypophosphite market size is projected to grow from US$ 225.3 million in 2022 to US$ 285.1 million in 2029; it is expected to grow at a CAGR of 285.1 from 2023 to 2029.

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%.

This report presents a comprehensive overview, market shares, and growth opportunities of Sodium Hypophosphite market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Electronic Grade
Industrial Grade

Segmentation by application
Electronics Industry
Chemica & Pharmaceutics Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sodium Hypophosphite market?

What factors are driving Sodium Hypophosphite market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Sodium Hypophosphite market opportunities vary by end market size?

How does Sodium Hypophosphite break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.