Sodium Hypophosphite Market: Overview
Sodium hypophosphite, also referred to as sodium hypophosphite monohydrate, is a white crystalline solid that is soluble in water, alcohol, and glycerin. However, it is insoluble in organic solvents. The chemical formula of sodium hypophosphite is H4NaO3P. It is also referred as sodium phosphenite and sodium phosphinate. Sodium hypophosphite is a sodium salt of hypophosphorous acid, and possesses high fluidity and high solubility characteristics. Sodium hypophosphite is used in adhesives & sealant chemicals, ion exchange resins, plating & surface treating chemicals, and paints & coatings. It is used as an interface activator and thermostablizer for polymers and synthetic resins during extrusion processes. It is employed as a chemical intermediate in the production of synthetic organics. Furthermore, it is used as an antioxidant in chemical processing and pharmaceutical industries.
Sodium Hypophosphite Market: Key Segments
Based on purity, the global sodium hypophosphite market can be bifurcated into < 99% and ≥ 99%. The ≥ 99% segment holds key share of the market. Demand for sodium hypophosphite with ≥ 99% purity is expected to increase in the near future, as it possesses reducing properties useful to improve the thickness of the metal.
In terms of application, the sodium hypophosphite market can be segregated into reducing agents, chemical intermediates, analytical reagents, flame retardants, polymer catalysts, ion exchange resins, and others. The reducing agents segment is estimated to account for major share of the global sodium hypophosphite market in the near future. Sodium hypophosphite is employed as reducing agent for several elements such as metals, plastics, glass, and ceramics to improve their behavioral properties.
Based on end-use industry, the sodium hypophosphite market can be divided into automotive & transportation, petroleum, building & construction, pharmaceutical, electronics, and others. The automotive & transportation segment constituted significant share of the global sodium hypophosphite market in 2017. Sodium hypophosphite is used in adhesives and coatings for automotive components owing to its corrosion-resistant and heat-resistant characteristics. Sodium hypophosphite is also employed in surface plating applications in automotive exterior components.
Sodium Hypophosphite Market: Regional Outlook
In terms of region, the global sodium hypophosphite market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific accounted for a major share of the global sodium hypophosphite market in 2017, due to the presence of large electronics and automotive manufacturers in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to the rise in industrialization in countries such as China, Japan, and South Korea. Growth in production of electronic and automotive components and the advent of their production techniques are likely to boost the production of electronic devices and automotive parts in Asia Pacific in the near future. This is anticipated to boost the utilization rate of sodium hypophosphite, thereby driving the sodium hypophosphite market in Asia Pacific during the forecast period. Production capacity expansions by manufacturers of electronic components and automotive parts in China are likely to propel the demand for sodium hypophosphite in the country in the next few years. North America and Europe also held significant share of the global market in 2017, owing to the increase in demand for sodium hypophosphite in end-use industries in these regions.
Sodium Hypophosphite Market: Key Players
Prominent players operating in the global sodium hypophosphite market include Arkema, Changshu New-Tech Chemicals Co., Ltd., Hubei Lianxing Chemical Co., Ltd., Hubei Xingfa Chemicals Group Co., Ltd., Jiangsu Kangxiang Industrial Group Co., Ltd., Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd., Solvay, and Zhejiang Zengxin Chemistry Co., Ltd. These players focus on distributing their products through strong distribution channels.
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