Top 5 Companies in the Global Hypophosphorous Acid Market in 2025

As per the analysis by Expert Market Research, the global hypophosphorous acid market reached a value of about USD 725.83 Million in 2024. The market is projected to grow at a CAGR of 5.00% in the forecast period of 2025-2034 to reach around USD 1182.30 Million by 2034.

The COVID-19 pandemic has resulted in tremendous growth of the pharmaceuticals industry, which is expected to increase the demand for hypophosphorous acid due to its reducing properties. The product is an excellent catalyst, neutralising agent, and discolouring agent, which makes it very useful in the synthesis of plastics and polymers. The rising consumption of plastics and polymers in the past few years has aided the growth of the hypophosphorous acid market significantly. Hypophosphorous acid is used in the production of electroless nickel-phosphorous plating, which is a very important material in the electronics industry. The growth of the electric and pharmaceutical industries is expected to boost the market growth in the forecast period.

Europe and North America are the major markets for the hypophosphorous acid market. The increased use of this acid in paints, coatings, and inks in the Asia Pacific region is expected to add to the market growth in the forecast period.

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Top Global Hypophosphorous Acid Companies:

1. Arkema Group

Arkema Group specialises in the production of speciality chemicals and advanced materials. The company is divided into three major segments: coating solutions, industrial chemicals, and performance products. Building on its unique innovative chemistry expertise, Arkema creates pioneering and sustainable materials solutions for customers from a broad range of markets, with particular focus on: new energies; natural resources management; home efficiency; lightweight materials; and consumer electronics.

2. Richman Chemical Inc.

The company deals with the synthesis, manufacture, and raw materials provision to life science and chemical industries. The company custom sources raw materials and manages custom manufacturing projects. It also provides project management solutions which are cost-effective and save time for the consumers.

3. Hubei Lianxing Chemical Co., Ltd.

The company specialises in the production of chemical products. Some of the products the company has produced include sodium hypophosphite, tetrakis hydroxymethyl phosphonium sulfate, hypo phoshporus acid, feed grade calcium phosphate, and food grade phosphoric acid. The company is now focusing on innovation of new products and R&D, which will help them grow tremendously in the future.

4. Varsal Inc.

Varsal deals with the manufacture of chemicals and instruments through advanced chemical technologies and global partnerships. The company is divided into two segments, namely, chemicals and instruments. The chemical division manufactures speciality and custom chemicals and also provides chemical sourcing services. The instruments division provides analytical instruments, parts and consumable supplies to academic and industrial laboratories.

5. Jiangsu Kangxiang Industrial Group Co., Ltd.

The company deals with the manufacture of chemical products. The company’s products include silicon series products such as potassium silicate solution, high strong white carbon black, and highly purified sodium silicate solution, benzenesulfonic chloride series products such as benzene sulfonyl chloride, benzene sulfonamide, diphenyl sulfone, sodium benzene sulfinate, and N-butyl-benzene-sulfonamide, and phosphorus series products such as sodium hypophosphite, hypophosphorous acid calcium hypophosphite, and calcium phosphate.