Global Sodium Hypophosphite Market By Function (Catalysts & Stabilizers, Reducing Agents, Chemical Intermediates), Application (Water Treatment, Electroplating, Chemicals & Pharmaceuticals), Grade (Electrical, Industrial), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global Sodium Hypophosphite Market is expected to register a substantial CAGR of 5.02% in the forecast period of 2019-2026. Expansion of the electronics and automotive sectors is the major factor for the growth of the market. The upcoming market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Sodium hypophosphite is also known as sodium salt, phosphinic acid, monohydrate. It’s chemical formula is NaH2PO2.H2O and molecular weight is 105.99. It is available in white, odorless, deliquescent granular powder having saline taste. It is also prepared as colorless and white crystalline plates. The sodium hypophosphite is soluble in alcohol, water and glycerol. It is synthesized by using neutralization of hypophosphorous acid and by direct aqueous alkaline hydrolysis of white phosphorus. The sodium hypophosphite acts as reducing agents.
This Sodium Hypophosphite market report spreads organization profiling of key players in the market, cautiously examining their center capabilities, and drawing a focused scene for the market. The wonderful endeavors associated with incorporated methodologies and complex strategies results into an incredible market research report that drives the basic leadership procedure of the business. Customers can investigate new conceivable outcomes which are made plausible by predominant research procedures, inquire about apparatuses and rich encounters. Sodium Hypophosphite report is certain to help organizations in settling on educated and better decisions.
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Global sodium hypophosphite market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sodium hypophosphite for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. Few of the major competitors currently working in global sodium hypophosphite market are Arkema Group, Changshu New-Tech Chemicals Co., Ltd., Huanggang Quanwang Chemical Co., Ltd., Hubei Sky Lake Chemical Co., Ltd., Hubei Xingfa Chemicals Group Co., Ltd.,Jiangsu Danai Chemical Co., Ltd., Jiangsu Kangxiang Industrial Group Co., Ltd., Jiangxi Fuerxin Medicine Chemical Co., Ltd., Nippon Chemical Industrial CO., LTD., Merck KGaA, Solvay, Febex SA among others.
- Expansion of the electronics and automotive sectors will act as driving force for market
- Growing demand for water treatment in industrial applications is driving the growth of market
- Significant growth of chemical and polymer & plastic industry across the globe will also fuel the market growth
- Increasing use of sodium hypophosphite as reducing agent in electroplating of non-metallic materials such as plastics, glass, ceramics, and quartz acts as a market driver
- Rise in the price of phosphorous rocks owing to scarcity in supply will restrict the growth of the market
- Stringent government regulations over the manufacturing industry is another factor which can hinder this market growth
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Reasons to Purchase this Report
- Current and future of global sodium hypophosphite market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Points Involved in Sodium Hypophosphite Market Report:
- Sodium Hypophosphite Study Coverage
- Executive Summary
- Market Size by Application
- Manufacturers Profiles
- Production Forecasts
- Consumption Forecast
- Market Size by Manufacturers
- Production by Regions
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Queries Related to the Sodium Hypophosphite Market:
- Which application segments will perform better and achieve success in worldwide through the forecast years?
- What are the key factors driving the market growth?
- Who are the key vendors in this Industry?
- Which are the impressive business sectors where best players want their own expansion in future?
- What are the market dynamics?
- What are the limits ruining the development rate?
- What is the focused circumstance to advance development?
- What are the opportunities and threats faced by the performers in the global market?
- What are the development rates for this Industry?
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