Sodium Hypophosphite Market Outlook | Trends, Forecasts | Industry Report

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MarketsandMarkets Presents
Sodium Hypophosphite Market - Forecast to 2025
https//www.marketsandmarkets.com/Market-Reports/s
odium-hypophosphite-market-249801760.html
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The report "Sodium Hypophosphite Market by
Function (Reducing Agents, Catalysts
Stabilizers, Chemical Intermediates), Application
(Electroplating, Water Treatment, Chemicals
Pharmaceuticals), Grade (Electrical, Industrial),
and Region - Global Forecast to 2025", is
estimated at USD 664 million in 2019 and is
projected to grow at a CAGR of 5.0 from 2019 to
2025, to reach USD 890 million by 2025 driven by
its extensive use in various end-user industries
such as automotive, electronics, water treatment,
and construction. Massive transformation in the
industrial sector has made Asia Pacific a high
growth market for sodium hypophosphite
manufacturers. The food sector is expected to be
an emerging end-use as studies are underway for
the multifunctional properties of the chemical in
the food industry such as antioxidant,
stabilizer, and antimicrobial. Browse 80 market
data Tables and 34 Figures spread through 131
Pages and in-depth TOC on "Sodium Hypophosphite
Market - Global Forecast to 2025 The Asia
Pacific region is projected to account for the
largest market share during the forecast
period. The Asia Pacific sodium hypophosphite
market is projected to account for the largest
share by 2025. Countries such as China, India,
Japan, and South Korea are expected to be key
revenue generators during the next few years.
Lucrative opportunities lie ahead for sodium
hypophosphite manufacturers in the coming years
owing to the expansion of the automotive and
electronics industry in the region. The region
consists of China, a key phosphorous reserve
country in the region. Various players in the
country are involved in the export of sodium
hypophosphite to the Western markets. These
include Hubei Xingfa Chemicals Group Co., Ltd.
(China), Changshu New-Tech Chemicals Co., Ltd.
(China), and Jiangxi Fuerxin Medicine Chemical
Co., Ltd. (China). Download PDF Brochure
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sp?id249801760
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• Report Objectives
• To define, segment, and project the global market
  size for the sodium hypophosphite market
• To understand the structure of the sodium
  hypophosphite market by identifying its various
  subsegments
• To provide detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To analyze the micro-markets, with respect to
  individual growth trends, future prospects, and
  their contribution to the total sodium
  hypophosphite market
• To project the size of the market and its
  submarkets, in terms of value and volume, with
  respect to the regions (along with their
  respective key countries)
• To profile the key players and comprehensively
  analyze their core competencies
• To understand the competitive landscape and
  identify the major growth strategies adopted by
  the players across key regions
• Key Market Players
• The key players in global sodium hypophosphite
  market 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).
• Make an Inquiry https//www.marketsandmarkets.com
  /Enquiry_Before_BuyingNew.asp?id249801760

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By function, 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. These industries are booming in the
emerging economies of Asia Pacific, South
America, and the Middle East and African regions.
By grade, 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. These industries are
expanding at a high pace in the Asia Pacific
region owing to urbanization, creating growth
opportunities for sodium hypophosphite
manufacturers in the coming years. 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. Request Sample https//www.marketsandma
rkets.com/requestsampleNew.asp?id249801760  
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