by The calcium hypophosphite market is estimated to be valued at US$ 225.4 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The calcium hypophosphite market is segmented based on form, grade, application, and region. Based on form, the market is segmented into powder and solution. Based on grade, the market is classified into food grade and technical grade. Based on applications, the market is divided into water treatment, flame retardants, electronics, agriculture, and others. Calcium hypophosphite finds wide applications in industrial, institutional, commercial and agriculture sectors. It is used as a reducing agent, plasticizer stabilizer and flame retardant.
Market Overview:
Calcium hypophosphite is an inorganic compound used primarily as a reducing agent and flame retardant. It has high affinity towards various metals and aids in their removal from water during treatment processes. Due to its flame retardant properties, calcium hypophosphite also finds applications in electronics and construction industries.
Market key trends:
Global Calcium Hypophosphite Market demand is driven primarily by water treatment industry. It is used extensively in industrial and municipal water treatment plants for removal of heavy metals such as lead, copper, chromium and zinc from wastewater. Stringent regulations regarding wastewater discharge and metal content have necessitated effective treatment processes. Calcium hypophosphite reduces these metals to their lower valence state, thus enabling their removal through sedimentation or filtration. Furthermore, with growing electronics and construction industries, demand from flame retardant applications is also rising steadily. This is expected to propel the calcium hypophosphite market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirements for production and widespread availability of raw materials pose a low threat of new entrants. However, established brands and need for compliance with stringent regulations pose a barrier.
Bargaining power of buyers: The global calcium hypophosphite market is fragmented with presence of numerous regional and international players. This gives buyers high bargaining power.
Bargaining power of suppliers: Key raw materials for calcium hypophosphite like calcium phosphite and hypophosphorous acid have limited suppliers globally. This gives them high bargaining power.
Threat of new substitutes: Substitutes like metal phosphates offer similar properties but have stringent compliance needs. This poses a low threat of substitution.
Competitive rivalry: International players compete on pricing and quality while regional players have an advantage of proximity. High level of competition.
SWOT Analysis
Strength: Wide applications in pharmaceutical, chemical, food industries. Calcium hypophosphite acts as an active oxygen scavenger.
Weakness: Stringent regulations for production and end-use. Fluctuating raw material prices.
Opportunity: Growing demand for food preservatives and feed additives. Rapid industrialization in Asia Pacific to drive volume growth.
Threats: Availability of substitutes. Environmental regulations on disposal could increase compliance cost.
Key Takeaways
The global calcium hypophosphite market is expected to witness high growth at a CAGR of 5.8% over the forecast period due to increasing demand from food preservatives industry. The market size is projected to reach US$ 225.4 Mn by 2023.
Regionally, Asia Pacific dominates the global calcium hypophosphite market and is expected to maintain its lead through 2030. This is attributed to rapid industrialization and growing meat industry in China and India.
Key players operating in the calcium hypophosphite market are Solvay SA, Nippon Chemical Industrial Co., Ltd., Hubei Xingfa Chemicals Group Co., Ltd., Sigma-Aldrich (Merck KGaA), LANXESS AG, Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd., Nantong Xinbang Chemical Technology Chemical Co., Ltd., Triveni Chemicals, HBCChem, Inc., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), American Elements, Shanghai Worldyang Chemical Co., Ltd., Alfa Aesar (Thermo Fisher Scientific Inc.), Finetech Industry Limited, Shanxi Lanhua Sci-Tech Venture Co., Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
