Press release
Worldwide Analysis on Hypophosphorous Acid Market Strategies and Forecasts, 2018 to 2028
Hypophosphorous Acid Market Dynamics
Over the recent past, there has been significant growth in demand for Hypophosphorous Acid across the globe. This can be attributed to increasing demand from the chemicals, polymers and pharmaceutical industry. Rise in demand for Hypophosphorous Acid as chemical intermediates, supported by its increasing utilization for producing Hypophosphite Salts, phosphinic acid and decolourisation of several chemical, among others, have been the major driving factors responsible for its growth. Furthermore, healthy growth of the pharmaceutical industry in developing countries, such as India, China, and ASEAN countries, will be a prominent factor supporting its market growth. Moreover, increasing use of hypophosphorous acid as a bleaching agent, colour stabiliser and catalyst in production of polymer and plastic products is projected to bolster its market growth.
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However, the fluctuating prices of raw material have directly affected the prices of hypophosphorous acid as well. Hypophosphorous acid and its salts are mainly used as reducing agents in electroplating application. With technology advancement in electronics and defence industry, demand for high purity hypophosphorous acid and its salts was increased. However, conventional production method of hypophosphorous acid and its salts are unable to cater this requirements owing to which manufacturer are emphasizing on development of new production method. Thus, the development of cost effective manufacturing techniques for hypophosphorous acid will create new opportunities for the growth of market.
Hypophosphorous Acid Market: Segmentation
On the basis of grade, global Hypophosphorous Acid market is segmented into;
Technical grade
Pharma grade
On the basis of Function, global Hypophosphorous Acid market is segmented into;
Bleaching Agent
Stabilizer
Neturalizing Agent
Catalyst
Chemical Intermediate
Antioxidant
Wetting Agent
On the basis of end use, global Hypophosphorous Acid market is segmented into;
Chemical
Pharmaceuticals
Polymer & plastics
Electronics and electrical
Others
Hypophosphorous Acid Market: Regional Outlook
The global hypophosphorous acid market is dominated by the Asia Pacific region (APAC), mainly by the China. In terms of production, significant share of global hypophosphorous Acid market is accounted by the China. With steady growth of end use industries such as polymer, Chemicals, pharmaceuticals and electronics industry, in China that in turn help to drive demand for the Hypophosphorous Acid market. Europe and North America collectively hold the second spot in terms of consumption. This growth in demand for Hypophosphorous Acid market is mainly attributed to the rising demand for bleaching and antioxidant agents in pharmaceutical and polymer industries in these region.
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However, government regulation in Europe and North America may effect on the growth of Hypophosphorous Acid markets. North America and Europe Hypophosphorous Acid market are expected to register steady growth which is supported by the steady growth of pharmaceutical industry in these regions, over the forecast period. The MEA and Latin America Hypophosphorous Acid market are projected to register slow growth over the forecast period.
Hypophosphorous Acid Market: Market Participants
Some of the major players identified across the value chain of the Global Hypophosphorous Acid market are:
Arkema Group
Hubei Lianxing Chemical Co., Ltd.
Qingyuan RGDC Chemicals Co.,Ltd
Jiangsu Kangxiang Industrial Group Co., Ltd.
Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd.
NEEMCCO Pvt Ltd.
Prasol Chemicals Pvt. Ltd., among others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
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