Hypophosphorous acid is known by different names such as phosphinic acid, hydroxy-phosphane, oxo-phosphinous acid, and oxo-phosphanol. Hypophosphorous acid is a hydroxy phosphine oxide, having monobasic character. Generally, production of conventional hypophosphorous acid is perform by a metathesis method or an ion exchange resin method. Hypophosphorous acid is a phosphorus oxyacid as well as a powerful reducing agent having molecular formula H3PO2. It is a colorless high-melting compound and is soluble in water, dioxane, and alcohols. Moreover, its main industrial use is for electroless nickel plating (Ni–P), although it is primarily used as a salt (sodium hypophosphite). 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.
Global Hypophosphorous Acid Market: Key Players
The research study includes profiles of leading companies operating in the global hypophosphorous acid market. Key players profiled in the report include: Kangxiang, Fuerxin, Kailida, Arkema and Others.
Drivers for the Global Hypophosphorous Acid Market:
According to current market condition, 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 decolourisation of several chemical, among others, have been the major driving factors responsible for its growth. Moreover, increasing use of hypophosphorous acid as a bleaching agent, colour stabiliser and catalyst in production of polymer and plastic products is projected to boost its market growth. Also, hypophosphorous acid is used in various end use industries such as building and construction, electronics and electrical, chemical and plastic 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 hypophosphorous acid market.
Opportunities for the Global Hypophosphorous Acid Market:
With technology advancement in electronics and defense industry, demand for high purity hypophosphorous acid and its salts is increasing. However, conventional production method of hypophosphorous acid and its salts are unable to fulfill this requirement due to which manufacturer are accentuating on development of new production method. Thus, the development of cost effective manufacturing techniques for hypophosphorous acid will create new opportunities for the growth of market.
Restrains for the Global Hypophosphorous Acid Market:
Fluctuations in the price of raw materials coupled with sudden fall in production capacity demand for hypophosporous acid is expected to act as an obstacles to the growth of hypophosphorous acid market during the forecasted period. hypophosphorous acid is corrosive to eyes and skin and cause blisters and inflammation etc. upon contact. Thus, due to the health risk associated with hypophosphorous acid, its production and consumption is expected to suffer during the forecast period.
Region Wise, Global Hypophosphorous Acid Market Analysis:
Region wise, global hypophosphorous acid market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global hypophosphorous acid market share as they are the leading producer and consumer of electrical & electronics market, especially China and Taiwan. Asia pacific is followed by the Europe and North America.
Global Hypophosphorous Acid Market: Product analysis
- Hypophosphorous Acid 50%
- Hypophosphorous Acid >50%
Global Hypophosphorous Acid Market: Application analysis
- Reducing Agent
Global Hypophosphorous Acid Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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