About Sodium Hypophosphite
Sodium hypophosphite is a most effective catalyst which having good easy-care properties and shrinkage control. Sodium hypophosphite is used as a reducing agent for electroless plating, as a catalyst for synthetic resin, and as a chemical intermediate. Sodium hypophosphite adds a metal layer on the surface of plastics, ceramics, glass, quartz, etc. It is also used as an additive for food and industrial boiler water.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The Global Sodium Hypophosphite is a fragmented market due to the presence of various players. The players are focusing on investing more in development, new products launches, and sales. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck Group (Germany), Nippon Chemical Industrial Co., Ltd. (Japan), Arkema S.A. (France), Solvay (Belgium), Mallinckrodt Pharmaceuticals (Japan), Hubei Sky Lake Chemical Co., Ltd. (China), Changshu New-Tech Chemicals Co., Ltd. (China), Febex S.A. (Switzerland), Shanghai Le Star (China), Solvay Hengchang (Zhangjiagang) Spe (China), Jiangxi Fuerxin Medicine Chemical (China), Xingfa USA Corporation (China), Pacific (United States), Todini And Co. S.p.A. (Italy) and Jiangxi Fuerxinchem Medicine (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hubei Xingfa Chemicals Group Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Sodium Hypophosphite market by , Application (Water Treatment and Electroplating) and Region.
On the basis of geography, the market of Sodium Hypophosphite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Reducing Agent will boost the Sodium Hypophosphite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Sodium Hypophosphite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use Industry, the sub-segment i.e. Electronics will boost the Sodium Hypophosphite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
China’s Ministry of Ecology and the Environment (MEE) published “Technical guidelines for eco-environmental health risk assessment.” According to that, “an Environmental Risk Assessment Report is required for new chemical substance registration.”
Market Drivers
- Growing Applications of Sodium Hypophosphite in Pharmaceutical Products.
- Rising Usage of Sodium Hypophosphate in Electronic and Automotive Sectors for Electroplating
Opportunities
- Growing Electronic Industries in Emerging economies including India and China create Opportunities for Sodium Hypophosphite
Restraints
- High Expensive Product Material
- Sodium Hypophosphite is Explosive and Toxic
- Sodium Hypophosphite Can Causes Irritation to Eyes, Skin, and Respiratory Tract
Challenges
- Stringent Regulations on the use of Hazardous Chemicals like Sodium Hypophosphite
- Regulatory Guidelines on Plastic Packaging Items
Key Target Audience
Sodium Hypophosphite Manufacturers, Sodium Hypophosphite Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.