As an electroless plating reducing agent, the market size of sodium hypophosphite (SHP) continues to expand.

Sodium hypophosphite (SHP), also known as sodium hypophosphite, has a chemical formula of NaH2PO2 and is an inorganic compound. Sodium hypophosphite appears as a white crystalline powder, tastes salty, and is odorless. It is soluble in water, glycerin and hot ethanol, but insoluble in ether. Sodium hypophosphite has the characteristics of easy deliquescence, antioxidant, green and environmentally friendly, and mild reducing properties. It is widely used in the fields of pigments, food industry, electroless plating reducing agent, skin care products, detergents, flame retardants and other fields.

Electroless plating, also known as autocatalytic plating and electroless plating, is a metal surface treatment technology that refers to a plating technology that forms metal deposition on the surface of the product through an oxidation-reduction reaction under the action of a catalyst. At present, my country’s electroless plating technology has been applied in computer equipment, electronic communications, mechanical processing, aerospace and other fields. Reducing agent is an essential material for electroless plating technology. As a reducing agent for electroless plating, sodium hypophosphite can effectively improve the corrosion resistance, wear resistance and service life of metal. As my country’s electroless plating technology continues to improve, the market demand for sodium hypophosphite is increasingly strong.

According to the “2023-2028 China Sodium Hypophosphite (SHP) Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center 》 shows that sodium hypophosphite has a wide range of applications, benefiting from the accelerated development of downstream industries, and its market size continues to grow. The size of my country’s sodium hypophosphite market will reach 520 million yuan in 2022. It is expected that my country’s sodium hypophosphite market will maintain a compound annual growth rate of 5% from 2023 to 2028 and will reach 700 million yuan by 2028.

​ ​ Yellow phosphorus is the main raw material of sodium hypophosphite. Since 2017, affected by factors such as the tightening of national environmental protection policies and the deepening of supply-side structural reforms, my country’s yellow phosphorus production has declined, and it will not gradually pick up until 2021. In 2022, my country’s yellow phosphorus production will reach 869,000 tons, a year-on-year increase of 35.6%. It is expected that my country’s yellow phosphorus market will still be in short supply for some time to come, which will further increase the production cost of sodium hypophosphite.

my country is one of the world’s major producers of sodium hypophosphite. Representative companies include Hubei Xingfa Chemical Group Co., Ltd., Zhejiang Zengxin Chemical Co., Ltd., Changshu Xinte Chemical Co., Ltd., Jiangxi Fulxin Pharmaceutical Chemical Co., Ltd., and Jiangsu Kangxiang Industrial Group. Co., Ltd., Hubei Lianxing Chemical Co., Ltd., etc. Xingfa Group is my country’s leading sodium hypophosphite enterprise. Currently, the company’s annual sodium hypophosphite production capacity reaches 50,000 tons, ranking first in my country.

          Industry analysts said that my country’s sodium hypophosphite market continues to expand due to the increasingly strong downstream demand. In recent years, Chinese companies have continued to increase research on the application of sodium hypophosphite. It is expected that in the future, with in-depth research and technological advancement, its application scope will be further expanded. In terms of market competition, there are many sodium hypophosphite manufacturers in my country, and Xingfa Group, as the leading enterprise in my country, occupies a large market share.