Sodium Hypophosphite Market Analysis

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.

Our in-depth analysis of the global market includes the following segments