Press release
Global Sodium Hypophosphite Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
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.
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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.
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.
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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