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Global Hypophosphorous Acid Market to Witness a Healthy Growth During 2021-2026, Aided by the Growth of the Sodium Hypophosphite Industry

According to a new report by EMR titled, ‘Global Hypophosphorous Acid Market Report and Forecast 2021-2026’, the global market for hypophosphorous acid is being aided by the growth of the global sodium hypophosphite market, which is expected to grow at a CAGR of 5% in the forecast period of 2021-2026 to reach USD 840 million by 2026.

The global hypophosphorous acid industry is expected to be driven by the growth of the polymer and plastics industry. The rising consumption of plastics in various industries and the increasingly common-place use of polymers in day-to-day products is aiding the market growth. Hypophosphorous acid has numerous uses in the production process of this industry, that is, as a catalyst, neutralising agent, and for wetting and discolouring. The primary consumption of hypophosphorous acid, however, remains in electroless nickel plating, which is used to provide an additional layer of protection and corrosion resistance to metal surfaces. This is commonly used in the electronics industry. The growth of the pharmaceutical industry in the Asia Pacific region is another key factor, which is expected to bolster the growth of the market in the coming years.

Varsal Inc., one of the world’s leading producers of hypophosphorous acid, opened a new chemical plant in late 2018 in Tangshan, China. This also included significant investments in automation and equipment upgradation and is expected to directly contribute to increased capacity for hypophosphorous acid production and can be considered an indicator of growth in the Asia Pacific region. Arkema Group (OTCMKTS: ARKAY) and Richman Chemical Inc. are some of the other leading players within the industry.

Market Analysis by Type, Grade, Application, and Regions:

  • The market on the basis of type can be divided into hypophosphorous acid 50% and hypophosphorous acid 80%.
  • Based on grade, the industry can be bifurcated into technical grade and pharmaceutical grade.
  • On the basis of application, the market can be broken down into polymers and plastics, electronics, pharmaceuticals, and paints and coatings, among others.
  • The main regional markets for precipitated and hydrated silica are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The healthy growth in the global plastic and polymer industry will lead to an increased demand for hypophosphorous acid.
  • The thriving electronics sector globally is resulting in increased demand for HPA due to its application in hard-disk drives and printed circuit boards.
  • The growth of ink and paints and coatings industry, especially in the Asia Pacific region is expected to drive the global hypophosphorous acid industry.
  • The recent surge in the pharmaceuticals sector due to the COVID-19 pandemic is expected to result in increased demand for hypophosphorous acid due to its applications in the formulation of pharmaceutical products.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for hypophosphorous acid for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) market information for the types, grades, applications, and regional markets of hypophosphorous acid.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hypophosphorous acid market are Arkema Group, Richman Chemical Inc., Hubei Lianxing Chemical Co., Ltd., Varsal Inc., and Jiangsu Kangxiang Industrial Group Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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