Sodium Hypophosphite Market | Growth, Trends, Forecasts (2021 - 2027)

The Sodium Hypophosphite Market is estimated to grow at CAGR 3% during the forecast period 2021-2026.

The sodium hypophosphite market is estimated to grow as increasing demand from various end-use industries such as automotive, aviation, electronics, and construction is expected to drive this market in the coming years. Massive transformation in the industrial sector has made Asia Pacific a high growth market for sodium hypophosphite manufacturers. The region consists of populated countries such as China and India that have witnessed development in the electronics and automotive industries where hypophosphite finds widespread applications.

The reducing agent segment is projected to dominate the sodium hypophosphite market during the forecast period. Sodium hypophosphite is used as a reducing agent, catalyst & stabilizer, and chemical intermediate. Sodium hypophosphite acts as a reducing agent for electroless nickel plating application, which finds its usage in the electronics and automotive industry.

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1.  Sodium Hypophosphite Market, By Function

• Reducing Agent

• Catalysts & Stabilisers

• Chemical Intermediates

• Others

2.  Sodium Hypophosphite Market, By Grade

• Electrical

• Industrial

• Others

3. Sodium Hypophosphite Market, By Application

• Electroplating

• Water Treatment

• Chemicals & Pharmaceuticals

• Others

4.  Sodium Hypophosphite Market, By Region

• North America

• Europe

• Asia Pacific

• Rest of World

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