Allied Market Research

2024

Hypophosphorous Acid Market

Hypophosphorous Acid Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

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Author's: | Eswara Prasad
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Hypophosphorous acid is also known as phosphinic acid, hydroxy-phosphane, oxo-phosphinous acid, and oxo-phosphanol. Hypophosphorous acid is a hydroxy phosphine oxide, having monobasic character. It has a low-melting point and colorless compound, which is highly soluble in alcohol, dioxane, and water. Hypophosphorous acid is majorly manufactured from sodium hypophosphite. It is used as a reducing agent to reduce copper, mercury, and silver, and to verify impurities such as niobium, arsenic, and tantalum. It is also used as a catalyst during esterification reactions in medicines. Hypophosphorous acid is used as a decolorizing or bleaching agent in the paint & coating industry. It is also used for reducing arene-diazonium salts. However, hypophosphorous acid can penetrate the eyes and skin and cause blisters and inflammation upon contact. Thus, due to the health risks associated with hypophosphorous acid, its production and consumption is expected to be limited, restraining the growth of the market during the forecast period.

Covid-19 Impact Analysis 

  • The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the hypophosphorous acid in 2020.
  • The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • The lockdown has resulted in hampering the imports and exports of various goods. Also, the uncertainty created in the market in the consumers’ buying pattern has resulted in hampering of the hypophosphorous acid.

Top Impacting Factors

Over the recent past, there has been significant growth in demand for Hypophosphorous Acid across the globe. This can be attributed to increasing demand from the chemicals, polymers and pharmaceutical industry. Rise in demand for Hypophosphorous Acid as chemical intermediates, supported by its increasing utilization for producing Hypophosphite Salts, phosphinic acid and decolourization of several chemical, among others, have been the major driving factors responsible for its growth. Furthermore, healthy growth of the pharmaceutical industry in developing countries, such as India, China, and ASEAN countries, will be a prominent factor supporting its market growth. Moreover, increasing use of hypophosphorous acid as a bleaching agent, color stabilizer and catalyst in production of polymer and plastic products is projected to bolster its market growth.

Market trends

  • Growing Electronics Sector Likely to Propel the Demand for Hypophosphorous Acid Globally
  • One of the chief applications of hypophosphorous acid is in the production of electroless nickel-phosphorous plating. This material is used extensively in the electronics industry in the making of printed circuit boards and hard-disk drives. It is also commonly used to provide a corrosion-resistant or smoothening coat over metal surfaces. Another factor that may boost the growth of the global hypophosphorous acid market is its use as a reducing agent in the pharmaceutical industry, which is currently facing a surge due to the COVID-19 pandemic. Hence, the market for hypophosphorous acid is expected to grow at a healthy pace during the forecast period.
  • Steady Growth in the Plastics and Polymers Industry to Bolster the Demand for Hypophosphorous Acid
  • Hypophosphorous acid is commonly used as a reducing agent in the plastics and polymers industry and is typically supplied in 50% aqueous solution, but it also available in 80% when stronger reducing action is required. Besides reduction, the acid is also used as a neutralizing agent, catalyst, wetting agent, and for bleaching in the polymers and plastics industry. The large increase in the value of the pharmaceuticals industry as a result of the COVID-19 pandemic is expected to result in the increased demand for hypophosphorous acid, which is commonly used as a reducing agent (and various other applications) in the formulation of pharmaceutical products. It is expected that demand for pharma-grade HPA will continue to grow.
  • Growing industrialization process in various countries across the globe is also a major factor for the market growth.
  • Various new industries are coming up, especially in emerging countries like China, India and Japan and hypophosphorous acid is used in various end use industries, such as building and construction, electronics and electrical, chemical and plastics, etc. Thus, owing to the growing use of Hypophosphorous Acid in various industries, its sales is expected to increase, thereby propelling the growth of the global Hypophosphorous Acid market during the forecast period.

Key Benefits of the Report

  • This study presents the analytical depiction of the hypophosphorous acid industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the hypophosphorous acid share.
  • The current market is quantitatively analyzed to highlight hypophosphorous acid growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed hypophosphorous acid analysis based on competitive intensity and how the competition will take shape in coming years
  • Questions answered in the Hypophosphorous Acid Report
  • Who are the leading market players active in the Hypophosphorous Acid?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • What is “Hypophosphorous Acid “?
    • What does " Hypophosphorous Acid " allow organizations to achieve?
    • Which technologies combine to make “Hypophosphorous Acid “a critical organizational asset?
    • What is " Hypophosphorous Acid” Market prediction in the future?
    • Who are the leading global players in the “Hypophosphorous Acid” market?
    • What are the current trends and predicted trends?
    • What are the challenges faced in the " Hypophosphorous Acid” Market?
    • What are the key benefits of the “Hypophosphorous Acid “Market report?
    • What will be the anticipated growth rates for your own Hypophosphorous Acid economy altogether and for every segment inside?
    • What are the driving factors and opportunities in the market?            

Hypophosphorous Acid Market Report Highlights

Aspects Details
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By Type
  • Industrial Grade
  • Pharmaceutical Grade
  • Others
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By Application
  • Polymers and Plastics
  • Electronics
  • Pharmaceuticals
  • Paints and Coatings
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Hubei Lianxing Chemical, Fuerxin, Minakem SAS, Richman Chemical Inc.,, Fang Chemicals, Kangxiang, Arkema, Kailida, Qingyuan RGDC Chemicals, Varsal

Key Market Players
Other Key Market Players

Meryer (Shanghai) Chemical Technology Co., Ltd.

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Hypophosphorous Acid Market

Global Opportunity Analysis and Industry Forecast, 2023-2032