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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Hypophosphorous Acid Market
Request Now !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.
Market scope and Structure Analysis
Report Metric | Detail |
Market size available for years | 2020-2030 |
Base year considered | 2020 |
Forecast period | 2021-2030 |
Forecast unit | Value (USD) |
Segments Covered | Type and Application |
Companies Covered | Hubei Lianxing Chemical, Qingyuan RGDC Chemicals, Fuerxin, Kangxiang, Kailida, Richman Chemical Inc., Minakem SAS, Arkema, Fang Chemicals, Varsal, Meryer (Shanghai) Chemical Technology Co., Ltd. |
Covid-19 Impact Analysis
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.
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