Calcium hypophosphite is an inorganic compound that is used as a feed supplement in animal nutrition. It acts as an acidifying agent and antioxidant in animal feed. Calcium hypophosphite helps in improving nutrient absorption, metabolism, and animal health. It supports the growth and development of livestock such as pigs, poultry, and cattle.
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 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing usage of calcium hypophosphite as a feed supplement in animal nutrition is one of the major trends in the global calcium hypophosphite market. Calcium hypophosphite acts as acidifier and antioxidant in animal feed. It helps in improving the health and growth of livestock. The ban on antibiotic growth promoters has augmented the demand for alternatives such as calcium hypophosphite. Its increasing consumption in pig and poultry feed due to ban on antibiotics is expected to accelerate the market growth over the forecast period.
Market Segment Analysis
The global calcium hypophosphite market is dominated by the moisture proofing segment. Calcium hypophosphite is widely used as a moisture proofing agent in Plywood and laminate industries, as it protects the surface from fungal growth and moisture damage. It is highly effective in preventing degradation of material caused due to humidity. As plywood and laminate industries have been witnessing high demand globally owing to growth in construction activities, the moisture proofing application segment has also gained widespread adoption of calcium hypophosphite.
Key Takeaways
The Global Calcium Hypophosphite Market Size is expected to witness high growth over the forecast period of 2023-2030. The market size is projected to reach US$ 558.7 Mn by 2030, expanding at a CAGR of 9.0% during 2023-2030.
Regional Analysis
Asia Pacific dominates the global calcium hypophosphite market and accounted for over 35% share of the global market size in 2023. Rapid industrialization and construction activities across major economies such as China and India have been driving the demand for plywood and laminated boards. This has resulted in the region emerging as the largest consumer of calcium hypophosphite used as a moisture proofing agent. Growing construction industry in Southeast Asian countries is further expected to aid the market growth in the region over the forecast period.
Key Players
Key players operating in the calcium hypophosphite market are Endurance Warranty Services LLC, CarShield, Protect My Car, CarChex, Carchex, Ally Financial Inc., CARCHEX, Toco Warranty, American Auto Shield, Warranty Direct, Royal Administration Services, Inc., EasyCare (Automotive Development Group, Inc.), Autopom!, AA Auto Protection, CarSure.
For More Insights, Read: https://www.newswirestats.com/calcium-hypophosphite-market-demand-growth-and-regional-outlook-by-2030/
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