Sodium Hypophosphite Market Forecasts to 2028 – Global Analysis By Function (Reducing Agents, Catalysts & Stabilizers, Chemical Intermediates and Other Functions), Grade, Application, End User and By Geography

Sodium Hypophosphite Market Forecasts to 2028 – Global Analysis By Function (Reducing Agents, Catalysts & Stabilizers, Chemical Intermediates and Other Functions), Grade, Application, End User and By Geography

According to Stratistics MRC, the Global Sodium Hypophosphite Market is accounted for $768.66 million in 2022 and is expected to reach $1030.08 million by 2028 growing at a CAGR of 5.0% during the forecast period. Sodium hypophosphite is the sodium salt of hypophosphorous acid. It appears as odourless white crystals. It is soluble in water and easily absorbs moisture from the air. Sodium hypophosphite is used as a reducing agent, catalyst & stabilizer and chemical intermediate. It also has good potential as an antimicrobial food ingredient. Sodium hypophosphite acts as a reducing agent for electroless nickel plating application. It is used in the electronics and automotive industry.

Market Dynamics

Driver:

Growing demand from various end-use industries

One of the main factors propelling the expansion of the global sodium hypophosphite market in terms of revenue is the sodium hypophosphite's quick rise across various end industries. Economic incentive is predicted to rise across a number of industries, including automotive, aerospace, plastics, but also ceramics, among others with the expansion of electroplating applications. During the course of the projected period, this will lead to a rise in the total demand for sodium hypophosphite.

Restraint

High price of phosphorous rock

Phosphate is the natural source of phosphorous. It is used as an essential ingredient in all fertilizers. The price of phosphate rock has increased by nearly 400% and is constantly rising. Due to a decline in supply and a rise in phosphate rock prices, the market for sodium hypophosphite is being negatively impacted.

Opportunity

Rising demand for water treatment in industrial applications

The quantity of garbage released into water bodies has grown as industrialisation continues to develop. Uncontrolled release of industrial and residential pollutants into water bodies also harms aquatic life and results in human health issues. Sodium hypophosphite is an effective reducing agent for the recovery of Ni, Cu, and Fe. Thus, sodium hypophosphite holds high-growth prospects in the coming years in water treatment applications.

Threat

Limitations of sodium hypophosphite

The expansion of the worldwide sodium hypophosphite market is significantly constrained by a number of adverse factors. The COVID-19 epidemic has presented a serious issue since it has affected export and import operations, disrupted the supply chain, and negatively impacted several countries' socioeconomic situations. These elements might all serve as significant roadblocks to the market's overall expansion. Yet it's anticipated that strict government constraints on the industrial sector would reduce prices for sodium hypophosphite.

Covid-19 Impact

The detrimental impacts of COVID-19 on the global economy affected almost all industries. The pharmaceutical industry thrived to create efficient treatments to halt the virus's spread. This assisted to reduce the demand since sodium hypophosphite is frequently used in the pharmaceutical industry.

The food & polymers segment is expected to be the largest during the forecast period

The food & polymers segment is predicted to increase profitably. Sodium hypophosphite has good potential as predicted to increase profitably. It maintains the pH equilibrium of processed foods. It preserves the proper ratio of acidity to alkalinity, increasing shelf life and enhancing flavor. During extrusion and other forms of heat processing, it serves as a stabilizer for polymers. It is possible to employ sodium hypophosphite as a partial fire retardant. These elements are promoting the segment's expansion.

The water treatment segment is expected to have the highest CAGR during the forecast period

The water treatment segment is anticipated to witness the fastest CAGR growth during the forecast period. Growing industrialisation has led to a rise in the quantity of trash deposited into water bodies. Also, the unchecked release of residential and industrial contaminants into water bodies results in problems for human health as well as the elimination of aquatic species, requiring the usage of water treatment chemicals. Thus, the need for dirty water treatment is fueling market revenue development.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the large number of electronics and automobile manufacturers in the area. The market is likely to expand quickly due to the expanding industrialisation in nations like China, Japan, and South Korea. This region is also witnessing drastic expansion in the construction sector which is also driving the growth of the market in this region.

Region with highest CAGR

North America is projected to have the highest CAGR over the forecast period, owing to the rising demand from end-use sectors including agriculture, electronics, water treatment, and pharmaceuticals. Government initiatives and rules governing the use of chemicals to lessen water pollution, as well as the increasing demand for water treatment and wastewater treatment solutions are boosting the market expansion in this region.

Key players in the market

Some of the key players profiled in the Sodium Hypophosphite Market include Nippon Chemical Industrial Co, Hubei Sky Lake Chemical Co Ltd, Jiangsu Danai Chemical Co, Arkema Group, Merck KGaA, Changshu New-Tech Chemicals Co Ltd, Huanggang Quanwang Chemical Co Ltd, Febex SA, Solvay, Hubei Lianxing Chemical Co, Jiangsu Kangxiang Industrial Group Co Ltd, Jiangxi Fuerxin Medicine Chemical Co, Hexcel Corporation and Hubei Xingfa Chemicals Group Co.

Key Developments

In December 2021, Hexcel Corp and Metyx Composites entered into a partnership to produce high-performance carbon fiber pultruded profiles for the wind energy sector using polyurethane (PU) resin and unidirectional (UD) carbon fiber.

Functions Covered:
• Reducing Agents
• Catalysts & Stabilizers
• Chemical Intermediates
• Other Functions

Grades Covered:
• Electrical
• Industrial
• Other Grades

Applications Covered:
• Electroplating
• Water Treatment
• Chemicals & Pharmaceuticals
• Food & Polymers
• Other Applications

End Users Covered:
• Electrical
• Construction
• Agriculture
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Sodium Hypophosphite Market, By Function
5.1 Introduction
5.2 Reducing Agents
5.3 Catalysts & Stabilizers
5.4 Chemical Intermediates
5.5 Other Functions
6 Global Sodium Hypophosphite Market, By Grade
6.1 Introduction
6.2 Electrical
6.3 Industrial
6.4 Other Grades
7 Global Sodium Hypophosphite Market, By Application
7.1 Introduction
7.2 Electroplating
7.3 Water Treatment
7.4 Chemicals & Pharmaceuticals
7.5 Food & Polymers
7.6 Other Applications
8 Global Sodium Hypophosphite Market, By End User
8.1 Introduction
8.2 Electrical
8.3 Construction
8.4 Agriculture
8.5 Other End Users
9 Global Sodium Hypophosphite Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Nippon Chemical Industrial Co
11.2 Hubei Sky Lake Chemical Co Ltd
11.3 Jiangsu Danai Chemical Co
11.4 Arkema Group
11.5 Merck KGaA
11.6 Changshu New-Tech Chemicals Co Ltd
11.7 Huanggang Quanwang Chemical Co Ltd
11.8 Febex SA
11.9 Solvay
11.10 Hubei Lianxing Chemical Co
11.11 Jiangsu Kangxiang Industrial Group Co Ltd
11.12 Jiangxi Fuerxin Medicine Chemical Co
11.13 Hexcel Corporation
11.14 Hubei Xingfa Chemicals Group Co
List of Tables
Table 1 Global Sodium Hypophosphite Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Sodium Hypophosphite Market Outlook, By Function (2020-2028) ($MN)
Table 3 Global Sodium Hypophosphite Market Outlook, By Reducing Agents (2020-2028) ($MN)
Table 4 Global Sodium Hypophosphite Market Outlook, By Catalysts & Stabilizers (2020-2028) ($MN)
Table 5 Global Sodium Hypophosphite Market Outlook, By Chemical Intermediates (2020-2028) ($MN)
Table 6 Global Sodium Hypophosphite Market Outlook, By Other Functions (2020-2028) ($MN)
Table 7 Global Sodium Hypophosphite Market Outlook, By Grade (2020-2028) ($MN)
Table 8 Global Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 9 Global Sodium Hypophosphite Market Outlook, By Industrial (2020-2028) ($MN)
Table 10 Global Sodium Hypophosphite Market Outlook, By Other Grades (2020-2028) ($MN)
Table 11 Global Sodium Hypophosphite Market Outlook, By Application (2020-2028) ($MN)
Table 12 Global Sodium Hypophosphite Market Outlook, By Electroplating (2020-2028) ($MN)
Table 13 Global Sodium Hypophosphite Market Outlook, By Water Treatment (2020-2028) ($MN)
Table 14 Global Sodium Hypophosphite Market Outlook, By Chemicals & Pharmaceuticals (2020-2028) ($MN)
Table 15 Global Sodium Hypophosphite Market Outlook, By Food & Polymers (2020-2028) ($MN)
Table 16 Global Sodium Hypophosphite Market Outlook, By Other Applications (2020-2028) ($MN)
Table 17 Global Sodium Hypophosphite Market Outlook, By End User (2020-2028) ($MN)
Table 18 Global Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 19 Global Sodium Hypophosphite Market Outlook, By Construction (2020-2028) ($MN)
Table 20 Global Sodium Hypophosphite Market Outlook, By Agriculture (2020-2028) ($MN)
Table 21 Global Sodium Hypophosphite Market Outlook, By Other End Users (2020-2028) ($MN)
Table 22 North America Sodium Hypophosphite Market Outlook, By Country (2020-2028) ($MN)
Table 23 North America Sodium Hypophosphite Market Outlook, By Function (2020-2028) ($MN)
Table 24 North America Sodium Hypophosphite Market Outlook, By Reducing Agents (2020-2028) ($MN)
Table 25 North America Sodium Hypophosphite Market Outlook, By Catalysts & Stabilizers (2020-2028) ($MN)
Table 26 North America Sodium Hypophosphite Market Outlook, By Chemical Intermediates (2020-2028) ($MN)
Table 27 North America Sodium Hypophosphite Market Outlook, By Other Functions (2020-2028) ($MN)
Table 28 North America Sodium Hypophosphite Market Outlook, By Grade (2020-2028) ($MN)
Table 29 North America Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 30 North America Sodium Hypophosphite Market Outlook, By Industrial (2020-2028) ($MN)
Table 31 North America Sodium Hypophosphite Market Outlook, By Other Grades (2020-2028) ($MN)
Table 32 North America Sodium Hypophosphite Market Outlook, By Application (2020-2028) ($MN)
Table 33 North America Sodium Hypophosphite Market Outlook, By Electroplating (2020-2028) ($MN)
Table 34 North America Sodium Hypophosphite Market Outlook, By Water Treatment (2020-2028) ($MN)
Table 35 North America Sodium Hypophosphite Market Outlook, By Chemicals & Pharmaceuticals (2020-2028) ($MN)
Table 36 North America Sodium Hypophosphite Market Outlook, By Food & Polymers (2020-2028) ($MN)
Table 37 North America Sodium Hypophosphite Market Outlook, By Other Applications (2020-2028) ($MN)
Table 38 North America Sodium Hypophosphite Market Outlook, By End User (2020-2028) ($MN)
Table 39 North America Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 40 North America Sodium Hypophosphite Market Outlook, By Construction (2020-2028) ($MN)
Table 41 North America Sodium Hypophosphite Market Outlook, By Agriculture (2020-2028) ($MN)
Table 42 North America Sodium Hypophosphite Market Outlook, By Other End Users (2020-2028) ($MN)
Table 43 Europe Sodium Hypophosphite Market Outlook, By Country (2020-2028) ($MN)
Table 44 Europe Sodium Hypophosphite Market Outlook, By Function (2020-2028) ($MN)
Table 45 Europe Sodium Hypophosphite Market Outlook, By Reducing Agents (2020-2028) ($MN)
Table 46 Europe Sodium Hypophosphite Market Outlook, By Catalysts & Stabilizers (2020-2028) ($MN)
Table 47 Europe Sodium Hypophosphite Market Outlook, By Chemical Intermediates (2020-2028) ($MN)
Table 48 Europe Sodium Hypophosphite Market Outlook, By Other Functions (2020-2028) ($MN)
Table 49 Europe Sodium Hypophosphite Market Outlook, By Grade (2020-2028) ($MN)
Table 50 Europe Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 51 Europe Sodium Hypophosphite Market Outlook, By Industrial (2020-2028) ($MN)
Table 52 Europe Sodium Hypophosphite Market Outlook, By Other Grades (2020-2028) ($MN)
Table 53 Europe Sodium Hypophosphite Market Outlook, By Application (2020-2028) ($MN)
Table 54 Europe Sodium Hypophosphite Market Outlook, By Electroplating (2020-2028) ($MN)
Table 55 Europe Sodium Hypophosphite Market Outlook, By Water Treatment (2020-2028) ($MN)
Table 56 Europe Sodium Hypophosphite Market Outlook, By Chemicals & Pharmaceuticals (2020-2028) ($MN)
Table 57 Europe Sodium Hypophosphite Market Outlook, By Food & Polymers (2020-2028) ($MN)
Table 58 Europe Sodium Hypophosphite Market Outlook, By Other Applications (2020-2028) ($MN)
Table 59 Europe Sodium Hypophosphite Market Outlook, By End User (2020-2028) ($MN)
Table 60 Europe Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 61 Europe Sodium Hypophosphite Market Outlook, By Construction (2020-2028) ($MN)
Table 62 Europe Sodium Hypophosphite Market Outlook, By Agriculture (2020-2028) ($MN)
Table 63 Europe Sodium Hypophosphite Market Outlook, By Other End Users (2020-2028) ($MN)
Table 64 Asia Pacific Sodium Hypophosphite Market Outlook, By Country (2020-2028) ($MN)
Table 65 Asia Pacific Sodium Hypophosphite Market Outlook, By Function (2020-2028) ($MN)
Table 66 Asia Pacific Sodium Hypophosphite Market Outlook, By Reducing Agents (2020-2028) ($MN)
Table 67 Asia Pacific Sodium Hypophosphite Market Outlook, By Catalysts & Stabilizers (2020-2028) ($MN)
Table 68 Asia Pacific Sodium Hypophosphite Market Outlook, By Chemical Intermediates (2020-2028) ($MN)
Table 69 Asia Pacific Sodium Hypophosphite Market Outlook, By Other Functions (2020-2028) ($MN)
Table 70 Asia Pacific Sodium Hypophosphite Market Outlook, By Grade (2020-2028) ($MN)
Table 71 Asia Pacific Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 72 Asia Pacific Sodium Hypophosphite Market Outlook, By Industrial (2020-2028) ($MN)
Table 73 Asia Pacific Sodium Hypophosphite Market Outlook, By Other Grades (2020-2028) ($MN)
Table 74 Asia Pacific Sodium Hypophosphite Market Outlook, By Application (2020-2028) ($MN)
Table 75 Asia Pacific Sodium Hypophosphite Market Outlook, By Electroplating (2020-2028) ($MN)
Table 76 Asia Pacific Sodium Hypophosphite Market Outlook, By Water Treatment (2020-2028) ($MN)
Table 77 Asia Pacific Sodium Hypophosphite Market Outlook, By Chemicals & Pharmaceuticals (2020-2028) ($MN)
Table 78 Asia Pacific Sodium Hypophosphite Market Outlook, By Food & Polymers (2020-2028) ($MN)
Table 79 Asia Pacific Sodium Hypophosphite Market Outlook, By Other Applications (2020-2028) ($MN)
Table 80 Asia Pacific Sodium Hypophosphite Market Outlook, By End User (2020-2028) ($MN)
Table 81 Asia Pacific Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 82 Asia Pacific Sodium Hypophosphite Market Outlook, By Construction (2020-2028) ($MN)
Table 83 Asia Pacific Sodium Hypophosphite Market Outlook, By Agriculture (2020-2028) ($MN)
Table 84 Asia Pacific Sodium Hypophosphite Market Outlook, By Other End Users (2020-2028) ($MN)
Table 85 South America Sodium Hypophosphite Market Outlook, By Country (2020-2028) ($MN)
Table 86 South America Sodium Hypophosphite Market Outlook, By Function (2020-2028) ($MN)
Table 87 South America Sodium Hypophosphite Market Outlook, By Reducing Agents (2020-2028) ($MN)
Table 88 South America Sodium Hypophosphite Market Outlook, By Catalysts & Stabilizers (2020-2028) ($MN)
Table 89 South America Sodium Hypophosphite Market Outlook, By Chemical Intermediates (2020-2028) ($MN)
Table 90 South America Sodium Hypophosphite Market Outlook, By Other Functions (2020-2028) ($MN)
Table 91 South America Sodium Hypophosphite Market Outlook, By Grade (2020-2028) ($MN)
Table 92 South America Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 93 South America Sodium Hypophosphite Market Outlook, By Industrial (2020-2028) ($MN)
Table 94 South America Sodium Hypophosphite Market Outlook, By Other Grades (2020-2028) ($MN)
Table 95 South America Sodium Hypophosphite Market Outlook, By Application (2020-2028) ($MN)
Table 96 South America Sodium Hypophosphite Market Outlook, By Electroplating (2020-2028) ($MN)
Table 97 South America Sodium Hypophosphite Market Outlook, By Water Treatment (2020-2028) ($MN)
Table 98 South America Sodium Hypophosphite Market Outlook, By Chemicals & Pharmaceuticals (2020-2028) ($MN)
Table 99 South America Sodium Hypophosphite Market Outlook, By Food & Polymers (2020-2028) ($MN)
Table 100 South America Sodium Hypophosphite Market Outlook, By Other Applications (2020-2028) ($MN)
Table 101 South America Sodium Hypophosphite Market Outlook, By End User (2020-2028) ($MN)
Table 102 South America Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 103 South America Sodium Hypophosphite Market Outlook, By Construction (2020-2028) ($MN)
Table 104 South America Sodium Hypophosphite Market Outlook, By Agriculture (2020-2028) ($MN)
Table 105 South America Sodium Hypophosphite Market Outlook, By Other End Users (2020-2028) ($MN)
Table 106 Middle East & Africa Sodium Hypophosphite Market Outlook, By Country (2020-2028) ($MN)
Table 107 Middle East & Africa Sodium Hypophosphite Market Outlook, By Function (2020-2028) ($MN)
Table 108 Middle East & Africa Sodium Hypophosphite Market Outlook, By Reducing Agents (2020-2028) ($MN)
Table 109 Middle East & Africa Sodium Hypophosphite Market Outlook, By Catalysts & Stabilizers (2020-2028) ($MN)
Table 110 Middle East & Africa Sodium Hypophosphite Market Outlook, By Chemical Intermediates (2020-2028) ($MN)
Table 111 Middle East & Africa Sodium Hypophosphite Market Outlook, By Other Functions (2020-2028) ($MN)
Table 112 Middle East & Africa Sodium Hypophosphite Market Outlook, By Grade (2020-2028) ($MN)
Table 113 Middle East & Africa Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 114 Middle East & Africa Sodium Hypophosphite Market Outlook, By Industrial (2020-2028) ($MN)
Table 115 Middle East & Africa Sodium Hypophosphite Market Outlook, By Other Grades (2020-2028) ($MN)
Table 116 Middle East & Africa Sodium Hypophosphite Market Outlook, By Application (2020-2028) ($MN)
Table 117 Middle East & Africa Sodium Hypophosphite Market Outlook, By Electroplating (2020-2028) ($MN)
Table 118 Middle East & Africa Sodium Hypophosphite Market Outlook, By Water Treatment (2020-2028) ($MN)
Table 119 Middle East & Africa Sodium Hypophosphite Market Outlook, By Chemicals & Pharmaceuticals (2020-2028) ($MN)
Table 120 Middle East & Africa Sodium Hypophosphite Market Outlook, By Food & Polymers (2020-2028) ($MN)
Table 121 Middle East & Africa Sodium Hypophosphite Market Outlook, By Other Applications (2020-2028) ($MN)
Table 122 Middle East & Africa Sodium Hypophosphite Market Outlook, By End User (2020-2028) ($MN)
Table 123 Middle East & Africa Sodium Hypophosphite Market Outlook, By Electrical (2020-2028) ($MN)
Table 124 Middle East & Africa Sodium Hypophosphite Market Outlook, By Construction (2020-2028) ($MN)
Table 125 Middle East & Africa Sodium Hypophosphite Market Outlook, By Agriculture (2020-2028) ($MN)
Table 126 Middle East & Africa Sodium Hypophosphite Market Outlook, By Other End Users (2020-2028) ($MN)

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