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| Global Calcium Hypophosphite Market Size |
Calcium hypophosphite is a water-soluble inorganic compound that provides
effective corrosion protection to metals and alloys. It is widely used as an
anti-corrosion additive in cooling and heating systems as well as in industrial
water treatment applications. Calcium hypophosphite helps prevent oxidation and
corrosion by forming a protective layer on metal surfaces.
The global
Calcium Hypophosphite Market is estimated to be valued at US$ 259.67 Bn in 2024 and is
expected to exhibit a CAGR of 12.% over
the forecast period 2024 to 2031, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The increasing use of calcium hypophosphite as an anti-corrosion additive in
various end-use industries such as oil & gas, power generation,
construction, automotive, and mining is the major factor driving the growth of
the calcium hypophosphite market. Calcium hypophosphite is added to cooling water
cycles in thermal power plants to prevent corrosion in boiler systems. It also
protects pipelines and storage tanks used in the oil & gas industry from
rusting and corrosion. The compound forms a protective film on the inner
surfaces of metal equipment to inhibit corrosion. The demand for calcium
hypophosphite is expected to rise significantly over the forecast period owing
to expansion of end-use industries in developing economies.
Segment
Analysis
The global calcium hypophosphite market is segmented by form into powder and
solutions. The powder segment dominates the market and accounts for around 60%
of the total share. Powder form is preferred for industrial applications as it
can be easily transported and stored. It also has a longer shelf-life as compared
to solutions.
Key Takeaways
Global
Calcium Hypophosphite Market Size is expected to witness high growth
over the forecast period of 2024 to 2031.
Regional analysis: The Asia Pacific region is currently the dominating as well
as the fastest growing regional market. This is attributed to robust demand
from countries like China and India which are the largest producers and
consumers of calcium hypophosphite globally. North America and Europe are other
major markets driven by developed end-use industries.
Key players
operating in the calcium hypophosphite market are Amgen Inc., Samsung Bioepis
Co., Ltd., Sandoz International GmbH (Novartis AG), Mylan N.V., Boehringer
Ingelheim International GmbH, Pfizer Inc., Fresenius Kabi AG, Coherus
BioSciences, Inc., Biogen Inc., AbbVie Inc., Celltrion Inc., Amneal
Pharmaceuticals, Inc., Lupin Pharmaceuticals, Inc., Merck & Co., Inc.,
Viatris Inc.
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