The sodium hypophosphite market is estimated to grow as increasing demand from various end-use industries such as automotive, aviation, electronics, and construction is expected to drive this market in the coming years. Massive transformation in the industrial sector has made Asia Pacific a high growth market for sodium hypophosphite manufacturers. The region consists of populated countries such as China and India that have witnessed development in the electronics and automotive industries where hypophosphite finds widespread applications.
The reducing agent segment is projected to dominate the sodium hypophosphite market during the forecast period. Sodium hypophosphite is used as a reducing agent, catalyst & stabilizer, and chemical intermediate. Sodium hypophosphite acts as a reducing agent for electroless nickel plating application, which finds its usage in the electronics and automotive industry.
The electrical segment is projected to dominate the sodium hypophosphite market during the forecast period. Sodium hypophosphite in its electrical grade is used for electroless nickel plating. Electroless nickel plating is gaining widespread acceptance in the automotive and electronics industry.
Rising demand for water treatment in industrial applications is projected to drive the sodium hypophosphite market in Asia Pacific. The growing industrialization has increased the amount of waste discharged in water bodies. Additionally, unregulated discharge of industrial and domestic contaminants into water bodies causes health problems in human beings and the destruction of aquatic life, thereby necessitating the use of water treatment chemicals. The polluted water further affects the use of water for drinking, recreation, household needs, transportation, and commerce.
The key players include Arkema (France), Solvay S.A. (Belgium), Nippon Chemical Industrial Co., Ltd. (Japan), Sigma-Aldrich (US), Hubei Xingfa Chemicals Group Co., Ltd. (China), Changshu New-Tech Chemicals Co., Ltd. (China), Jiangxi Fuerxin Medicine Chemical Co., Ltd. (China), Jiangsu Kangxiang Industrial Group Co., Ltd. (China), Hubei Lianxing Chemical Co., Ltd. (China), Jiangsu Danai Chemical Co., Ltd. (China), Hubei Sky Lake Chemical Co., Ltd. (China), and Huanggang Quanwang Chemical Co., Ltd. (China).
Key Questions Addressed by the Report
· What are the new application areas the sodium hypophosphite companies are exploring?
· Which are the key players in the sodium hypophosphite market and how intense is the competition?
· What kind of competitors and stakeholders, such as electronics and automotive companies, would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
· How are the current R&D activities and M&A’s in the sodium hypophosphite market projected to create a disrupting environment in the coming years?
What will be the level of impact, on the revenues of stakeholders, of the benefits of sodium hypophosphite to different stakeholders‒‒from rising revenue, environmental regulatory compliance, to sustainable profits for the suppliers?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Expansion of the Electronics and Automotive Sectors in the Asia Pacific Region
3.1.2. Rise in Demand for Water Treatment in Industrial Applications
3.2.1. Rise in the Price of Phosphorous Rocks Owing to Scarcity in Supply
3.2.2. Availability of Alternatives in the Market
3.3.1. Food Industry: Key Revenue Generator in the Coming Years
4. Executive Summary
5. Sodium Hypophosphite Market, By Function
5.1. Reducing Agent
5.2. Catalysts & Stabilisers
5.3. Chemical Intermediates
6. Sodium Hypophosphite Market, By Grade
7. Sodium Hypophosphite Market, By Application
7.2. Water Treatment
7.3. Chemicals & Pharmaceuticals
8. Sodium Hypophosphite Market, By Region
8.1. North America
8.2.6. Rest of Europe
8.3. Asia Pacific
8.3.4. South Korea
8.3.5. Rest of APAC
8.4. Rest of the World
8.4.1. South America
8.4.2. Middle East & Africa
9. Company Profiles
9.3. Nippon Chemical Industrial Co., Ltd
9.5. Hubei Xingfa Chemicals Group Co., Ltd.
9.6. Changshu New-Tech Chemicals Co., Ltd.
9.7. Jiangxi Fuerxin Medicine Chemical Co., Ltd.
9.8. Jiangsu Kangxiang Industrial Group Co., Ltd.
9.9. Hubei Lianxing Chemical Co., Ltd.
9.10. Jiangsu Dan AI Chemical Co., Ltd.
9.11. Hubei Sky Lake Chemical Co., Ltd.
9.12. Huanggang Quanwang Chemical Co., Ltd.
10. Conclusion and Recommendations
11.2. Related Reports