According to LPI study, the global revenue of Sodium Hypophosphite was valued at 170.41 million USD in 2016, and the global revenue of Sodium Hypophosphite is forecast to reach 239.57 million USD by the end of 2022. Global Production Value of Sodium Hypophosphite was valued at 140.46 million USD in 2016, and the global Production Value of Sodium Hypophosphite is forecast to reach 197.6 million USD by the end of 2022.
Hubei Xingfa Chemicals Group Co., Ltd., Solvay dominated the market, with accounted for 26.49%, 23.81% of the Sodium Hypophosphite production value market share in 2016 respectively. Changshu New-Tech Chemicals Co., Ltd. and Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd. are the key players and accounted for 16.22%, 8.89% respectively of the overall Sodium Hypophosphite market share in 2016. Global giant players mainly distributed in China, and it has unshakable status in this field.
Europe is the largest consumption region of Sodium Hypophosphite, with a consumption market share nearly 25.89% in 2016. The second place is USA; following Europe with the consumption market share over 23.87% in 2016.
The Sodium Hypophosphite is easy to be influenced by raw materials, esprecially Yellow Phosphorus. So, the price of Sodium Hypophosphite has been in a state of fluctuation.