May 29, 2024
Calcium Hypophosphite Market

Calcium Hypophosphite Market is driven by growing demand from flame retardant and food sector

Calcium hypophosphite is an inorganic compound that finds wide usage as a flame retardant and food preservative. It is used as an effective flame retardant in various thermoplastics and textile fibers to impart fire resistance. Additionally, calcium hypophosphite acts as a food preservative and prevents microbial growth in packaged foods, meat products, and seafood. It helps extend the shelf life of foods without impacting taste or nutrition. The global demand for packaged and processed foods has been increasing steadily over the years necessitating the use of effective and safe preservatives. Moreover, stringent fire safety regulations across industries such as construction and automotive have also fuelled the need for flame retardants.

The global Calcium Hypophosphite Market is estimated to be valued at US$ 259.67 Bn  in 2024 and is expected to exhibit a CAGR of 12.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends gaining traction in the calcium hypophosphite market is its increasing adoption in the flame retardant industry. Calcium hypophosphite decomposes at high temperatures and releases water vapor and phosphine gas which dilutes combustion and interrupts the chain reaction. It acts as an effective flame retardant for plastics, polymers, and textile fibers. The growing fire safety awareness along with stringent fire safety codes across industries has been driving the demand for flame retardants. Additionally, the food preservative applications of calcium hypophosphite have also been expanding owing to the rising demand for convenience and packaged foods worldwide. It effectively inhibits microbial growth in meat, seafood, dairy products, and packaged snacks enhancing their shelf life.

Porter’s Analysis
Threat of new entrants: Low capital requirement and availability of raw materials reduces threat for new players to enter the market. However, established players hold major market share, creating barrier.

Bargaining power of buyers: Large number of buyers are present in agricultural, construction and food industries. However, differentiated product of established brands limits switching.

Bargaining power of suppliers: Few major suppliers control global supply of raw materials like calcium carbonate and phosphorus pentoxide. This gives them bargaining power over price negotiations.

Threat of new substitutes: Products like calcium carbonate and phosphate fertilizers pose potential threat. However, calcium hypophosphite offers advantages in food preservation and flame retardant properties.

Competitive rivalry: Presence of large multinational companies intensifies competition. Companies focus on new product development, global expansion and strategic partnerships to gain market share.

Key Takeaways
The Global Calcium Hypophosphite Market Size is expected to witness high growth.

Regional analysis:

Europe is also projected to offer lucrative opportunities for players over the forecast period. This can be attributed to increasing demand for processed food and supportive regulatory environment for flame retardant chemicals.

Key players operating in the calcium hypophosphite market are Amgen Inc., Samsung Bioepis Co., Ltd., Sandoz International GmbH (Novartis AG), Mylan N.V., Boehringer Ingelheim International GmbH, Pfizer Inc., Fresenius Kabi AG, Coherus BioSciences, Inc., Biogen Inc., AbbVie Inc., Celltrion Inc., Amneal Pharmaceuticals, Inc., Lupin Pharmaceuticals, Inc., Merck & Co., Inc., Viatris Inc.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it