Sodium Hypophosphite (molecular formula: NaH2PO2H2O) is a deliquescent white crystalline inorganic chemical that may absorb moisture. Sodium Hypophosphite is a hydroscopic compound that is soluble in both water and organic solvents. Sodium Hypophosphite is commonly utilised in electroplating applications since it is employed as a reducing agent in industry.
MARKET DYNAMICS
The growing usage of sodium hypophosphite as a reducing agent in electroplating of non-metallic materials such plastics, glass, ceramics, and quartz, among others, is fueling market expansion. With the advancement of electroplating applications, market demand for electroplating applications has increased in a number of industries, including automotive, aerospace, plastics, and ceramics, among others, boosting demand for sodium hypophosphite.
MARKET SCOPE
The "Global Sodium hypophosphite market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sodium hypophosphite market with detailed market segmentation by function and application. The global sodium hypophosphite market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading sodium hypophosphite market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sodium hypophosphite market is segmented on the basis of function and application. Based on function, the global sodium hypophosphite market is segmented into reducing agents, catalysts and, stabilizers, others and pharmaceuticals, others. Based on crop type, the market is bifurcated into Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, and Others. On the basis of form, the market is segmented into dry and liquid.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sodium hypophosphite market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The sodium hypophosphite market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sodium hypophosphite market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sodium hypophosphite market in these regions.
MARKET PLAYERS
The reports cover key developments in the sodium hypophosphite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sodium hypophosphite market are anticipated to lucrative growth opportunities in the future with the rising demand for sodium hypophosphite in the global market. Below mentioned is the list of few companies engaged in the sodium hypophosphite market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sodium hypophosphite market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-ANISH CHEMICALS
-Arkema
-Changshu New-Tech Chemicals Co. , Ltd.
-Hubei Xingfa Chemicals Group Co. , Ltd.
-Nippon Chemical Industrial CO. , LTD.
-POWDER PACK CHEM
-Prasol Chemicals Pvt
-Sigma-Aldrich
-Solvay
-Ampere