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The Hypophosphorous Acid Market to show a fetish for growth in the next 10 years

Hypophosphorous Acid (HPA) is also known as phosphinic acid, hydroxy(oxo)-λ5-phosphane, oxo-λ5-phosphinous acid and oxo-λ5-phosphanol. Its molecular formula is H3PO2 or HOP(O)H2. Hypophosphorous acid is a hydroxy phosphine oxide or phosphorus oxyacid having a monobasic character.

Hypophosphorous acid is a low-melting colorless compound, which is highly soluble in alcohols, dioxane and water. Hypophosphorous acid is majorly manufactured from Sodium Hypophosphite.

Hypophosphorous acid is widely used as a reducing agent to reduce Cu, Hg and Ag etc. to verify impurities, such as Nb, As and Ta, etc. It is also used as a catalyst during esterification and in medicines, it is used to detect tellurium and arsenic, etc. Due to the above mentioned applications of hypophosphorous acid, its demand is expected to grow during the forecast period, thereby fueling the global Hypophosphorous Acid market.

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Hypophosphorous Acid Market: Dynamics

Hypophosphorous acid is used as a decolorizing or bleaching agent in plastics, chemicals and synthetic fibers. It is also used as a color stabilizer during the manufacturing of chemicals and plastics, including polyamides, nylon fibers, polyacrilonitrile, polyester fiber, epoxies, glycerols, fatty acid esters and alkyd resins.

Hypophosphorous acid is also used as a polycondensation and polymerization agent, reducing agent, an antioxidant and stimulant in pharmaceuticals, etc. Thus, due to the wide areas of application of Hypophosphorous acid, its consumption is expected to grow at a significant rate during the forecast period.

Hypophosphorous Acid is used in various end use industries, such as building and construction, electronics and electrical, chemical and plastics, 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 global Hypophosphorous Acid market during the forecast period.

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Hypophosphorous Acid Market: Regional Outlook

North America and Europe are estimated to hold a significant share in the Global Hypophosphorous Acid Market and witness growth, which can be attributed to the growing end use industries, such as pharmaceuticals, paints & coatings, etc., in the region.

Asia Pacific (APAC) is estimated to witness significant growth in the consumption of Hypophosphorous Acid during the forecast period which can be attributed to increasing demand for inks, coatings and pharmaceuticals.

Latin America and Middle East & Africa (MEA) is expected to witness steady growth, in terms of consumption, during the forecast period.

Hypophosphorous Acid Market: Key Participants

Examples of some of the key participants identified across the value chain of the global Hypophosphorous Acid market are:

  • Hubei Lianxing Chemical
  • Qingyuan RGDC Chemicals
  • Fuerxin
  • Kangxiang
  • Kailida
  • Richman Chemical Inc.,
  • Minakem SAS
  • Arkema
  • Fang Chemicals
  • Varsal
  • Meryer (Shanghai) Chemical Technology Co., Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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