Global Sodium Hypophosphite Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Sodium hypophosphite (NaPO2H2, also known as sodium phosphinate) is the sodium salt of hypophosphorous acid and is often encountered as the monohydrate, NaPO2H2ﾷH2O. It is a solid at room temperature, appearing as odorless white crystals. It is soluble in water, and easily absorbs moisture from the air.
Main Applications:
a. Chemical plating by chemical plating surface with corrosion resistant, uniform thick, Ni-P alloy coating firmly, can replace the stainless steel material, widely used in electronics, machinery, petroleum, chemical, aerospace, marine, food and pharmaceutical industries.
b. Plastic, ceramic, glass, quartz and other non-metallic materials surface metallization.
c. Water treatment, preparation of various industrial preservatives and oil field inhibitor.
d. Food, industrial boiler water additives.
e. It can be used as chemical reaction catalyst, stabilizer.
f. It can be used as antioxidant, anti bleaching agent, dispersant, textile finishing and pharmaceutical industries.
According to our (Global Info Research) latest study, the global Sodium Hypophosphite market size was valued at USD 237 million in 2022 and is forecast to a readjusted size of USD 294.6 million by 2029 with a CAGR of 3.2% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Hubei Xingfa Chemicals Group Co., Ltd., Solvay dominated the market, with accounted for 26%, 23% of the Sodium Hypophosphite production value market share respectively. Changshu New-Tech Chemicals Co., Ltd. and Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd. are the key players and accounted for 16%, 8% respectively of the overall Sodium Hypophosphite market share. Global giant players mainly distributed in China, and it has unshakable status in this field. 
Europe is the largest consumption region of Sodium Hypophosphite, with a consumption market share nearly 25%. The second place is USA, following Europe with the consumption market share over 23%.
This report is a detailed and comprehensive analysis for global Sodium Hypophosphite market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Sodium Hypophosphite market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2018-2029
Global Sodium Hypophosphite market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2018-2029
Global Sodium Hypophosphite market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2018-2029
Global Sodium Hypophosphite market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Sodium Hypophosphite
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Sodium Hypophosphite market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hubei Xingfa Chemicals Group Co., Ltd., Solvay, Changshu New-Tech Chemicals Co., Ltd., Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd. and Jiangsu Kangxiang Industrial Group Co., Ltd., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Sodium Hypophosphite market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Electronic Grade
    Industrial Grade
Market segment by Application
    Electronics Industry
    Chemica & Pharmaceutics Industry
    Others
Major players covered
    Hubei Xingfa Chemicals Group Co., Ltd.
    Solvay
    Changshu New-Tech Chemicals Co., Ltd.
    Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd.
    Jiangsu Kangxiang Industrial Group Co., Ltd.
    Zhejiang Zengxin Chemistry Co.,Ltd
    Hubei Lianxing Chemical Co., Ltd.
    Febex SA (Arkema)
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Sodium Hypophosphite product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Sodium Hypophosphite, with price, sales, revenue and global market share of Sodium Hypophosphite from 2018 to 2023.
Chapter 3, the Sodium Hypophosphite competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Sodium Hypophosphite breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Sodium Hypophosphite market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Sodium Hypophosphite.
Chapter 14 and 15, to describe Sodium Hypophosphite sales channel, distributors, customers, research findings and conclusion.