 |
| Global Calcium Hypophosphite Market |
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 5.8% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Calcium hypophosphite is an inorganic compound which acts as a phosphorus
source and reducing agent. It is commonly used as an animal feed additive,
which enhances the nutritional value of animal feed and promotes healthy growth
of livestock. As an animal feed additive, calcium hypophosphite supports
metabolism, bone formation and overall livestock health. It also prevents
bacterial and fungal infections in livestock. Calcium hypophosphite has
anti-scour properties and prevents coccidiosis in poultry. Due to such
benefits, demand for calcium hypophosphite from the animal feed industry is
increasing significantly.
Market Key Trends:
Calcium hypophosphite has low toxicity and high water solubility which makes it
an effective pesticide and fungicide. It is widely used as an agricultural
fungicide for crops such as rice, grapes, fruits and vegetables. As a
pesticide, it controls powdery mildew, downy mildew, leaf blight and other
fungal diseases in crops. Growing demand for high-value and exotic crops is
driving increased usage of calcium hypophosphite fungicides in the agriculture industry.
Additionally, it is used as a reducing and sequestering agent in the industrial
sectors such as metal surface treatment, textile processing, leather processing
and water treatment. Expanding industrial sectors in developing regions is
further augmenting the demand for calcium hypophosphite. Supported by wide
applications and growth in end-use industries, the global calcium hypophosphite
market is expected to witness steady growth over the forecast period.
Porter's Analysis
Threat of new entrants: The Global
Calcium Hypophosphite Market has moderate barriers to entry due to the
extensive R&D required to develop new calcium hypophosphite products.
Bargaining power of buyers: Large buyers in this market have significant
bargaining power due to the availability of substitute products.
Bargaining power of suppliers: Few manufacturers operate in the calcium
hypophosphite market, giving them strong bargaining power over buyers.
Threat of new substitutes: Substitute materials like sodium hypophosphite pose
a moderate threat due to their similar applications in various industries.
Competitive rivalry: The market has a few large players competing for market
share.
Key Takeaways
The global calcium hypophosphite market is expected to witness high growth,
exhibiting CAGR of 5.8% over the
forecast period, due to increasing demand from the food industry for
applications such as food preservatives.
Regionally, Asia Pacific dominated the global market in 2023, accounting for
around 35% of the overall share. Countries like China, India, and Japan are
expected to drive the regional demand for calcium hypophosphite due to the
expansion of end-use industries in these nations.
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, and Shanxi Lanhua
Sci-Tech Venture Co., Ltd.
Read More: https://www.trendingwebwire.com/calcium-hypophosphite-market-demand/