The new report by Expert Market Research titled, 'Global Hypophosphorous Acid Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026', gives an in-depth analysis of the global hypophosphorous acid market, assessing the market based on its segments like types, grades, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
- Historical Market Size (2019): USD 627 million (Global Sodium Hypophosphite Market)
- Forecast CAGR (2021-2026): 5% (Global Sodium Hypophosphite Market )
- Forecast Market Size (2025): USD 840 million (Global Sodium Hypophosphite Market )
The electronics sector is seeing a boost in expansion due to the increased adoption of consumer electronics and the rising disposable incomes, especially in the Asia Pacific region. The use of hypophosphorous acid in the production of electroless nickel-phosphorous plating has led the market to grow in-line with that of electronics due to the extensive use of electroless nickel-plating in the production of printed circuit boards and hard-disk drives. The Asia Pacific is also expected to see an increase in growth rate due to the increased adoption of hypophosphorous acid in other end-use segments such as paints, inks, coatings, and pharmaceuticals.
Industry Definition and Major Segments
Hypophosphorous acid (H3PO3) is commonly referred to as HPA. It is typically obtained from its salt forms, such as sodium hypophosphite, and appears as a clear colourless liquid. Hypophosphorous acid is a strong reducing agent and further has applications as a neutralising agent, discolouring agent, and as a catalyst. Due to these properties, it is commonly used in the synthesis of polymers and plastics.
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By type, the market is bifurcated into:
- Hypophosphorous Acid 50%
- Hypophosphorous Acid 80%
Based on grade, the industry is divided into:
- Technical Grade
- Pharmaceutical Grade
On the basis of application, the market is divided into:
- Polymers and Plastics
- Paints and Coatings
Latest Global News on Hypophosphorous Acid Market@ https://www.expertmarketresearch.com/pressrelease/global-hypophosphorous-acid-market
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The use of hypophosphorous acid in the pharmaceuticals sector is expected to lead to a strong growth in the global market due to the recent surge in this industry as a result of the COVID-19 pandemic. Hypophosphorous acid is commonly used as a reducing agent in the production and formulation of various pharmaceutical products. The recent investments by key players, especially in the Asia Pacific region, are expected to increase the production capacity of the industry.
Key Market Players
The major players in the market are Arkema Group (EPA: AKE), Richman Chemical Inc., Hubei Lianxing Chemical Co., Ltd., Varsal Inc., and Jiangsu Kangxiang Industrial Group Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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