by Calcium hypophosphite acts as fluxing agent, reducing agent and is used as stabilizer in welding agents and fluxes. It prevents the oxidation of metals during welding and soldering processes.
The global Calcium Hypophosphite Market is estimated to be valued at US$ 225.4 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growth in Metallurgical Applications
Calcium hypophosphite finds wide application in metallurgical industry as fluxing and reducing agent during welding and soldering. It prevents the oxidation of metals during these heating processes. The rising construction and infrastructure development activities globally are augmenting the demand for metallurgical applications which in turn is fueling the demand for calcium hypophosphite. Additionally, growing automotive industry is also contributing to the increasing consumption of calcium hypophosphite in metallurgical applications.
SWOT Analysis
Strength: Calcium hypophosphite offers superior corrosion inhibition properties as compared to other alternatives. It protects metals from corrosion even in harsh environment conditions.
Weakness: Toxicity of calcium hypophosphite limits its direct application and demands careful handling during use. Strict regulations are imposed on its production, packaging, transportation and usage.
Opportunity: Rising demand from water treatment applications is expected to drive the calcium hypophosphite market. It is prominently used as an important additive in boiler water treatments.
Threats: Availability of substitute products and easy fluctuating raw material prices pose major threats. Strict environmental norms regarding discharge of phosphorous containing wastewater act as a challenging factor.
Key Takeaways
The Global Calcium Hypophosphite Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to reach a value of US$ 225.4 Mn by 2023 with a CAGR of 9.0% during the forecast period.
Regional analysis: North America dominated the global market in 2022 and is expected to maintain its leading position throughout the forecast period. Growing use of calcium hypophosphite in various end-use industries such as water treatment, animal feed etc. drives the North America market.
Key players analysis: Key players operating in the calcium hypophosphite market are Endurance Warranty Services LLC, CarShield, Protect My Car, CarChex, Ally Financial Inc., CARCHEX, Toco Warranty, American Auto Shield, Warranty Direct, Royal Administration Services, Inc., EasyCare (Automotive Development Group, Inc.), Autopom!, AA Auto Protection, CarSure. These key players are focusing on new product launches and geographical expansions to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
