by Calcium hypophosphite is an inorganic compound that is widely used as flame retardant and nutrient supplements in food and feed. It helps prevent uncontrolled burning of materials and acts as a source of phosphorus in dietary supplements.
The global calcium hypophosphite market is estimated to be valued at US$ 259.67 Bn in 2023 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 adoption of calcium hypophosphite as an effective flame retardant in various industries such as textile, wires and cables, construction is expected to boost the market growth over the forecast period. Calcium hypophosphite is known to provide superior flame retardation at cost effective prices, thereby gaining popularity across industries. It produces less smoke and reduces heat during combustion which makes it an ideal choice for applications where fire safety is a major concern. The growing flame retardant market will continue to drive the demand for calcium hypophosphite in the coming years.
SWOT Analysis
Strength: Calcium hypophosphite acts as an active phosphorous source for plants and has excellent solubility and mobility in soil, giving plants access to phosphorus and other micro-nutrients. It can accelerate plant growth and increase crop yields.
Weakness: Highly reactive and combustible in its anhydrous form. Need proper safety precautions during production, transportation, storage and handling. Prone to oxidation if not stored properly.
Opportunity: Growing demand for phosphorus-based fertilizers from the agriculture sector to boost crop production. Increasing requirements for specialty nutrients in horticultural and agricultural applications.
Threats: Stringent regulations regarding the use of phosphorus-based fertilizers in many countries to control water pollution. Volatile prices of raw materials.
Key Takeaways
Global Calcium Hypophosphite Market Size is expected to witness high growth.
North America currently dominates the market owing to robust demand from agriculture sector. Asia Pacific is projected to be the fastest growing market for calcium hypophosphite during the forecast period with countries like China, India experiencing rise in crop cultivation.
Key players operating in the calcium hypophosphite market are Amgen Inc., Samsung Bioepis Co., Ltd., Sandoz International GmbH, 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., and Merck & Co., Inc., Viatris Inc. These players are focusing on new product launches and expansion in emerging markets to gain higher share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
