New study titled “Hypophosphorous Acid Market: Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 – 2028” presents a comprehensive regional assessment and detailed segmental analysis
Hypophosphorous Acid Market: Introduction
Hypophosphorous Acid (HPA) is also known as phosphinic acid, hydroxy(oxo)-λ5-phosphane, oxo-λ5-phosphinous acid and oxo-λ5-phosphanol. Its molecular formula is H3PO2 or HOP(O)H2. Hypophosphorous acid is a hydroxy phosphine oxide or phosphorus oxyacid having a monobasic character. Hypophosphorous acid is a low-melting colorless compound, which is highly soluble in alcohols, dioxane and water. Hypophosphorous acid is majorly manufactured from Sodium Hypophosphite.
Hypophosphorous acid is widely used as a reducing agent to reduce Cu, Hg and Ag etc. to verify impurities, such as Nb, As and Ta, etc. It is also used as a catalyst during esterification and in medicines, it is used to detect tellurium and arsenic, etc. Due to the above mentioned applications of hypophosphorous acid, its demand is expected to grow during the forecast period, thereby fueling the global Hypophosphorous Acid market.
Hypophosphorous Acid Market: Dynamics
Hypophosphorous acid is used as a decolorizing or bleaching agent in plastics, chemicals and synthetic fibers. It is also used as a color stabilizer during the manufacturing of chemicals and plastics, including polyamides, nylon fibers, polyacrilonitrile, polyester fiber, epoxies, glycerols, fatty acid esters and alkyd resins. Hypophosphorous acid is also used as a polycondensation and polymerization agent, reducing agent, an antioxidant and stimulant in pharmaceuticals, etc. Thus, due to the wide areas of application of Hypophosphorous acid, its consumption is expected to grow at a significant rate during the forecast period.
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.
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Hypophosphorous Acid is significantly used as a salt (sodium hypophosphite) and also in electroless nickel plating (Ni–P), as well as Hypophosphorous Acid is also used for reducing arenediazonium salts. Though Hypophosphorous Acid finds application in chemical industry but owing to the ill effects of Hypophosphorous Acid the United States Drug Enforcement Administration has assigned Hypophosphorous Acid and its salts in List I precursor chemical and Hypophosphorous Acid handlers are ordered to keep a record and registration etc. for during the import and export
Fluctuations in the prices of raw materials coupled with a sudden fall in production capacity and demand for Hypophosphorous Acid is expected to act as an obstacle to the growth of the Hypophosphorous Acid market during the forecast period. Hypophosphorous Acid is corrosive to eyes and skin and causes blisters and inflammation etc. upon contact. Thus, due to the health risks associated with Hypophosphorous Acid, its production and consumption is expected to suffer during the forecast period.
Hypophosphorous Acid Market: Segmentation
By Product Type, the Hypophosphorous Acid market can be segmented as: Hypophosphorous Acid 50% Hypophosphorous Acid >50%
By Grade, the Hypophosphorous Acid market can be segmented as: Technical Grade Hypophosphorous Acid Pharmaceutical Grade Hypophosphorous Acid
By Application, the Hypophosphorous Acid market can be segmented as: Pharmaceutical Reducing Agent Resin Ink Coating Other
Hypophosphorous Acid Market: Regional Outlook
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North America and Europe are estimated to hold a significant share in the Global Hypophosphorous Acid Market and witness growth, which can be attributed to the growing end use industries, such as pharmaceuticals, paints & coatings, etc., in the region.
Asia Pacific (APAC) is estimated to witness significant growth in the consumption of Hypophosphorous Acid during the forecast period which can be attributed to increasing demand for inks, coatings and pharmaceuticals.
Latin America and Middle East & Africa (MEA) is expected to witness steady growth, in terms of consumption, during the forecast period.
Hypophosphorous Acid Market: Key Participants
Examples of some of the key participants identified across the value chain of the global Hypophosphorous Acid market are: Hubei Lianxing Chemical Qingyuan RGDC Chemicals Fuerxin Kangxiang Kailida Richman Chemical Inc., Minakem SAS Arkema Fang Chemicals Varsal Meryer (Shanghai) Chemical Technology Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers Industrial analysis on: Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain
Regional analysis includes: North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) South East Asia & Pacific (ASEAN, Australia & New Zealand) China India Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current, and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint
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