Dublin, Oct. 25, 2019 (GLOBE NEWSWIRE) -- The "Sodium Hypophosphite Market by Function (Reducing Agents, Catalysts & Stabilizers, Chemical Intermediates), Application (Electroplating, Water Treatment, Chemicals & Pharmaceuticals), Grade (Electrical, Industrial), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Sodium Hypophosphite Market is Estimated to be Valued at USD 664 Million in 2019 and is Likely to Reach USD 890 Million By 2025, Growing at a CAGR of 5%.

The report segments the sodium hypophosphite meat market based on grade, function, application, and region. In terms of insights, this report has focused on various levels of analyses - competitive landscape, end-use analysis, and company profiles - which together comprise and discuss views on the emerging & high-growth segments of the global sodium hypophosphite high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

The sodium hypophosphite market is projected to grow at a CAGR of 5%, in terms of value.

The Asia Pacific region, backed by the development of its electronics and automotive industry, holds high growth prospects for sodium hypophosphite manufacturers in the years to come. Sodium hypophosphite is the widely used chemical for electroplating application. The automotive and electronics industries utilize the electroless nickel plating application. Countries such as China, Vietnam, Japan, South Korea, Taiwan, and Thailand are expected to be major revenue generators.

The reducing agent segment in sodium hypophosphite market is estimated to account for the largest share in 2019.

Based on function, the reducing agent segment is estimated to account for the largest share in the sodium hypophosphite market in 2019. Industrialization has led to an increase in the discharge of waste in water bodies. Sodium hypophosphite acts as a reducing agent and removes metals from industrial waste before being discharged into water bodies. Apart from this, it holds lucrative opportunities in the coming years for its electroless knuckle plating application where it acts as a reducing agent.

The electrical grade segment in the sodium hypophosphite market is estimated to account for the largest share in 2019.

Based on grade, the electrical grade segment is estimated to account for the largest share in the sodium hypophosphite in 2019. The electrical grade of sodium hypophosphite involves the application of electroplating. The electrical grade sodium hypophosphite finds use in the electronics and automotive industries. These industries are developing at a high pace in the Asia Pacific countries, especially countries such as China and India.

The electroplating segment in the sodium hypophosphite market is estimated to account for the largest share in 2019.

The automotive and electronics industries utilize the electroless nickel plating application. The corrosion resistance property of electroless nickel plating makes it an ideal choice for both the industries. The Asia Pacific region, a hub of export of electronic products, has high growth prospects for sodium hypophosphite manufacturers in the coming years. Key revenue generating countries in the region include China, among the largest producer of electronics at a global level, Vietnam, Japan, South Korea, Taiwan, and Thailand, the hub of production of hard drives, semiconductor, and integrated circuits

The Asia Pacific sodium hypophosphite market is projected to witness significant growth.

The Asia Pacific sodium hypophosphite market is projected to account for the largest share by 2025. Countries such as China, India, Japan, and South Korea are expected to be key revenue generators. The booming automotive and electronics industries hold high growth prospects for sodium hypophosphite manufacturers in the coming years in the region. China, a global hub of electronic products, further adds to its demand. The country dominates the export market for sodium hypophosphite owing to the presence of a large number of phosphorus reserves. The region is a key market for sodium hypophosphite due to the development of the industrial sector across all the countries in the region.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Opportunities in this Market
4.2 Sodium Hypophosphite Market: Key Countries
4.3 Market, By Function and Region
4.4 Market, By Application & Region
4.5 Asia Pacific: Sodium Hypophosphite Market, By Function & Country
4.6 Sodium Hypophosphite Market, By Grade

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Expansion of the Electronics and Automotive Sectors in the Asia Pacific Region
5.2.1.2 Rise in Demand for Water Treatment in Industrial Applications
5.2.2 Restraints
5.2.2.1 Rise in the Price of Phosphorous Rocks Owing to Scarcity in Supply
5.2.3 Opportunities
5.2.3.1 Food Industry: Key Revenue Generator in the Coming Years
5.2.4 Challenges
5.2.4.1 Availability of Alternatives in the Market
5.3 Supply Chain Analysis

6 Sodium Hypophosphite Market, By Function
6.1 Introduction
6.2 Reducing Agents
6.2.1 Rise in Chemical Nickel-Plating and Surface Plating
6.3 Catalysts & Stabilizers
6.3.1 Rise in Investment in Pharmaceutical Applications That Incorporate Sodium Hypophosphite
6.4 Chemical Intermediates
6.4.1 Sodium Hypophosphite is Used as A Raw Material to Produce Other Chemicals
6.5 Others
6.5.1 Government Initiatives Toward the Usage of Sodium Hypophosphite in the Food Industry

7 Sodium Hypophosphite Market, By Grade
7.1 Introduction
7.2 Electrical
7.2.1 Expansion of the Automotive and Electronics Industries in the Asia Pacific Region to Boost Sales of Sodium Hypophosphite
7.3 Industrial
7.3.1 Multifunctionality of Sodium Hypophosphite Across Various Industries Expected to Boost Its Sales
7.4 Others
7.4.1 Food Industry Expected to Be the Key Revenue Generator in the Coming Years

8 Sodium Hypophosphite Market, By Application
8.1 Introduction
8.2 Electroplating
8.2.1 Rise in Demand for Nickel Plating and Surface Plating in End-Use Industries
8.3 Water Treatment
8.3.1 Growth in Awareness for Waste-Water Recycling for Industrial Purpose
8.4 Chemicals & Pharmaceuticals
8.4.1 Increase in Investment and R&D on Environment-Friendly and Durable Pharma Products
8.5 Others
8.5.1 Increase in Government Initiatives to Encourage the Adoption of Shp in Convenience Foods

9 Sodium Hypophosphite Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 High Demand for Corrosion-Resistant Products and Growth in Manufacturing and Construction Industries Drive the Market in the US
9.2.2 Canada
9.2.2.1 Highly Diversified Electronics Industry Drives the Market
9.2.3 Mexico
9.2.3.1 Increase in Investment in the Construction Industry
9.3 Asia Pacific
9.3.1 China
9.3.1.1 Science and Technology Development Contribute to the Growth of Industries
9.3.2 Japan
9.3.2.1 R&D Activities for Various Phosphorus-Based Chemicals
9.3.3 India
9.3.3.1 Improved Infrastructure and Government Initiatives Such as Make in India to Contribute to the Market Growth
9.3.4 South Korea
9.3.4.1 The Growing Electronics and Automotive Industries in South Korea to Drive Demand for Sodium Hypophosphite
9.3.5 Rest of Asia Pacific
9.4 Europe
9.4.1 Germany
9.4.1.1 Booming Automotive and Electronics Industries in the Country to Boost Sales of Sodium Hypophosphite
9.4.2 France
9.4.2.1 Demand From the Plastic Industry Holds A Lucrative Opportunity
9.4.3 Italy
9.4.3.1 Demand From the Automotive Industry is Expected to Drive the Sodium Hypophosphite Market
9.4.4 Spain
9.4.4.1 The Construction Sector is Expected to Offer A Lucrative Opportunity in the Coming Years
9.4.5 Poland
9.4.5.1 Strong GDP Performance Boosting the Industrial Sector
9.4.6 Rest of Europe
9.4.6.1 Demand From the Plastic Industry Holds A Lucrative Opportunity
9.5 RoW
9.5.1 South America
9.5.1.1 Brazil: the Key Revenue Pocket in the Region
9.5.2 Middle East & Africa
9.5.2.1 Development of the Automotive, Electrical & Electronics, and Manufacturing Industries Expected to Create A Lucrative Opportunity

10 Competitive Landscape
10.1 Competitive Leadership Mapping (Overall Market)
10.1.1 Terminology/Nomenclature
10.1.1.1 Visionary Leaders
10.1.1.2 Innovators
10.1.1.3 Dynamic Differentiators
10.1.1.4 Emerging Companies
10.2 Ranking of Key Players, 2018

11 Company Profiles
11.1 Arkema
11.2 Solvay
11.3 Nippon Chemical Industrial Co. Ltd
11.4 Sigma-Aldrich
11.5 Hubei Xingfa Chemicals Group Co. Ltd.
11.6 Changshu New-Tech Chemicals Co. Ltd.
11.7 Jiangxi Fuerxin Medicine Chemical Co. Ltd.
11.8 Jiangsu Kangxiang Industrial Group Co. Ltd.
11.9 Hubei Lianxing Chemical Co. Ltd.
11.10 Jiangsu Dan AI Chemical Co. Ltd.
11.11 Hubei Sky Lake Chemical Co. Ltd.
11.12 Huanggang Quanwang Chemical Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/1rqpnh

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