Sodium Hypophosphite Market

Sodium Hypophosphite Market Segmentation By Function (Reducing Agents, Catalysts & Stabilizers, Chemical Intermediates, and Others); By Application (Electroplating, Water Treatment, Chemicals & Pharmaceuticals, and Others); By Grade (Electrical, Industrial, and Others) - Global Demand Analysis & Opportunity Outlook 2028

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Report ID: 2723 | Published On: Jan 31, 2023
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

In The News

  • June 3, 2020: Arkema, a specialty chemicals and advanced materials company, announced a long-term and innovative partnership with Nutrien Ltd, a huge integrated agricultural company, for a long-term supply agreement of anhydrous hydrogen fluoride (AHF) for Arkema’s Calvert City (KY) site. About half of the supply will be used for the creation of high added value polymers and fluoro-derivatives, and the rest for the manufacture of low-GWP (global warming potential) fluoro gases.
  • June 9, 2020: Solvay, a Belgian chemical company, is providing face masks to employees and customers across Latin America, as it has become the new epicenter and is facing a shortage of face masks. Solvay is striving hard to support the region hit hard by the coronavirus pandemic.

Sodium Hypophosphite Market Overview

Sodium hypophosphite is the sodium salt of hypophosphorous acid and is commonly known as the monohydrate. It is a white crystalline solid that is soluble in water, alcohol, and glycerine, though, it is insoluble in organic solvents. The chemical formula of sodium hypophosphite is H4NaO3P, it has numerous identified end uses which makes it necessary in various sectors particularly the industrial and chemical sectors.

Market Size and Forecast

The sodium hypophosphite market is expected to observe an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by function, application, grade, and region. Among product grades, the electrical segment is expected to have a vast demand during the forecast period. Sodium hypophosphite in the form of its electrical grade is utilized for electroless nickel plating, which is increasing boundless adoption in the automotive and electronics sectors. These businesses are growing at a high pace in the Asia Pacific region as a result of urbanization, creating growth opportunities for sodium hypophosphite manufacturers in the upcoming years. By function, the reducing agent segment is anticipated to dominate the sodium hypophosphite market over the forecast period. Sodium hypophosphite works as a reducing agent in the electroless nickel plating applications, which finds its utilization in the electronics and automotive industry. Further, it also finds usage as a reducing agent in water treatments, to decrease the metal ion content in industrial waste before being discharged into water bodies.

Growth Drivers

Strong demand from various end-use industries

Industrially, sodium hypophosphite is used as a reducing agent owing to which it is widely used in the electroplating application. In the process of nickel electroplating, particularly as reducing agents, sodium hypophosphite forms a chelate compound with nickel and helps to regulate the pH level that in turn resulted in improved surface properties and enhanced smoothness of the finished product.

Furthermore, increasing the use of sodium hypophosphite as a reducing agent in electroplating of non-metallic materials such as plastics, glass, ceramics, and quartz, among others, provides the impetus for the growth of the market. Over the recent past, with the expansion of electroplating applications, the market demand for electroplating applications is increasing in numerous industries such as automotive, aerospace, plastics, and ceramics, among others that in turn boost the overall demand for sodium hypophosphite market.

Additionally, sodium hypophosphite further finds application in the chemical and polymer industry, as a catalyst in the polymerization reaction and as a chemical intermediate in the production of hypophosphorous acid, diazo derivatives, and other organic compounds. Thus, with substantial growth of the chemical, polymer, and plastic industry across the world, sodium hypophosphite market is expected to flourish in the future years.CLICK TO DOWNLOAD SAMPLE REPORT

Rising demand for sodium hypophosphite as a reducing agent in water treatment facilities

Metals are one of the utmost common contaminants in wastewater. Individuals can be exposed to these metals, which can cause health concerns such as dysfunction of the kidney, liver, reproduction system, and central nervous system. Hence, the release of such wastewater needs to be controlled and monitored. Sodium hypophosphite can prove to be an effective reducing agent for the retrieval of Ni, Cu, and Fe. Thus, sodium hypophosphite holds high-growth predictions in the coming years in water treatment applications.

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The current outbreak of COVID 19 has come up as a major hindrance as socio-economic conditions of many countries have been disrupted, the supply chain has been at a halt, prices in the market are fluctuating, and export-import have been affected. All these can come up as major constraints for the overall market growth.

Market Segmentation

Our in-depth analysis of the sodium hypophosphite  market includes the following segments:

By Function

  • Reducing Agents
  • Catalysts & Stabilizers
  • Chemical Intermediates
  • Others

By Application

  • Electroplating
  • Water Treatment
  • Chemicals & Pharmaceuticals
  • Others

By Grade

  • Electrical
  • Industrial
  • Others

By Region

Geographically, the sodium hypophosphite market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

In terms of production and consumption, the global sodium hypophosphite market is predominantly dominated by the Asia-Pacific region on account of factors such as the budding interest of foreign investors in developing nations such as China, India, and Indonesia for considerable penetration in the Asia Pacific market, the growth of polymer, plastics, and chemicals industry in the region, rising automotive, and aviation industry coupled with the growing demand for metal coated products from this industry in the region. Also, less production cost, low labor cost, and lenient rules in these regions are motivating manufacturers to multiply their manufacturing units in these regions, which is likely to drive the demand for sodium hypophosphite.

North America is projected to hold the second-highest share in the market, in terms of consumption owing to the growing demand for synthesis of several chemicals, polymer compound, diazo-derivative, and fire retardants, among other chemicals, which in turn is expected to drive the demand for Sodium Hypophosphite market over the forecast period.

Europe stands as the third-largest market for sodium hypophosphite owing to the high demand for electroplating applications. However, stringent government regulations over the manufacturing industry might hinder the market demand for sodium hypophosphite within the European region.

The Middle East and Latin American sodium hypophosphite markets might experience steady demand and are anticipated to record steady growth over the forecast period.

The sodium hypophosphite market is further classified based on region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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