Global Sodium Hypophosphite Market Size & Analysis - Forecasts To 2026

1. Global Sodium Hypophosphite Market Size & Analysis - By Function (Reducing Agents, Catalyst & Stablizers, Chemical Intermediates, Others), By Grade (Electrical, Industrial, Others), By Application (Electroplating, Water Treatment, Chemicals & Pharmaceuticals, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-Use Landscape; Vendor Landscape and Competitive Landscape - Forecasts To 2026 Global Sodium Hypophosphite Market Opportunities Increasing Food industry sector in Emerging Economies: Sodium hypophosphite (NaH2PO2) is a white, odorless, deliquescent granular powder with a saline taste. It is also prepared as colorless, pearly crystalline plates. It is soluble in water, alcohol, and glycerol. It is prepared by neutralization of hypophosphorous acid or by direct aqueous alkaline hydrolysis of white phosphorus. Sodium hypophospite is used in food with no limitations other than current good manufacturing practice. Sodium hypophosphite is recognized as safe (GRAS) as a direct human food ingredient and used as an emulsifier or stabilizer. The product is used in cod-liver oil emulsions and used as color additives in food processing industries. Sodium hypophosphite find its applications in beverage industries, due to its soluble nature in water and alcohol. They are widely used for waste water treatment in beverage industries for purifying the water and removal of chemical and metal impurities. Request for a sample copy of the report @:https://www.globalmarketestimates.com/report- summary.php?report_id=1966&report_name=global-sodium-hypophosphite-market According to the data published by Gulfood, Asia Pacific is set to become the world’s largest consumer of Food & beverages by 2030. The Asia Pacific food market is estimated to grow, especially in fats and oil by 8.3% and dairy by 4.4% during 2018 to 2023. The beverages market is expected to grow by 2.7% during 2018 to 2023. As of 2018, the total global food & beverages market is estimated to be net worth of USD 95.7 billion. India and China are the major market and is estimated to have occupied the market share by 52% of total global market. The global beverage market is projected to reach USD 126.4 billion by 2023. Increasing population and increasing spending level of people in APAC region is expected to drive the market. The Middle East and Africa’s (MEA) soft drink market is projected to grow by 4.9% and is expected to reach up to 9.8% of the total global retail value by 2023. Dubai serves as a re-export hub for hot drinks, such as tea and coffee because of the emirate’s ideal geographic position and trade connections. Global Sodium Hypophosphite Market Challenges Availability of Alternatives in the Market: The alternatives available for sodium hypophosphite are formaldehyde, sodium phosphite, monosodium phosphate, disodium phosphate, and trisodium phosphate among others. Formaldehyde is a simple chemical compound made of hydrogen, oxygen and carbon. Formaldehyde is used as preservative and antibacteria agent in food industry. Formaldehyde finds its applications in various industries including coating and laminating applications, manufacturing of phenolic resins, building materials, and automotive among others. Formaldehyde technology helps make vehicles lighter and more energy efficient. Formaldehydebased resins are used to make interior molded components and under-the-hood components that need to withstand high temperatures. The pH value of formaldehyde is 4 and the pH value of sodium hypophosphite is 4.0 - 5.0. Browse the complete report @: https://www.globalmarketestimates.com/report- summary.php?report_id=1966&report_name=global-sodium-hypophosphite-market