Hydrazine Hydrate Market by Concentration Level (24%-35%, 40%-55%, 60%-85% and 100%) for Water Treatment, Pharmaceuticals, Polymerization & Blowing Agents and Agrochemicals - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2022

Global hydrazine hydrate market expected to reach USD 538.33 million by 2022 and is anticipated to grow at a CAGR of 4.9% between 2017 and 2022.

22-Mar-2018 | Number of pages: 110 | Report Code: ZMR-2713 | Report Format : | Status : Published

Analysis

Hydrazine hydrate is an inorganic compound used in various end-user industries such as water treatment, pharmaceutical, agrochemicals etc. Hydrazine hydrate is commercially manufactured by the three different types of processes such as Olin-Raschig process, Bayer-Ketazine process, and Peroxide process.

The global hydrazine hydrate market is expected to register substantial growth within the forecast period. The hydrazine hydrate market is mainly driven by the polymerization industries. The rising demand for polymer foams in the polymer industry is expected to drive market. The hydrazine hydrate is widely used in the agrochemical industry which may act as the key driving factor influencing the growth of the global hydrazine hydrate market. The hydrazine hydrate market is expected to grow at the fastest pace in upcoming years, owing to increase in demand of hydrazine hydrate used in polymers and blowing agents. Moreover, the 60%-85% segment is projected to be the fastest-growing concentration level segment of the market between 2017 and 2022. The 60%-85% concentration level hydrazine hydrate is used as a propellant in emergency power units (EPU) on the F16 and other single engine aircraft. Moreover, despite the rising demand in multiple industries, the global hydrazine hydrate market is likely to be hampered by the environmental unviability of hydrazine hydrate. It is a toxic compound and consequently has an adverse effect on the ecosystem in the dumping area. Hydrazine hydrate is a carcinogenic compound, which has led to several governments placing severe restrictions on its usage for the sake of the health of both workers and consumers. Furthermore, the production of intermediates is used as insecticides and fungicides are estimated to boost the demand for hydrazine hydrate in the agrochemical market near future.  

Global Hydrazine Hydrate Market

The hydrazine hydrate market has been segmented based on end-user industries such as water treatment, pharmaceuticals, polymerization & blowing agents, and agrochemicals. Polymerization & blowing end-user industry is expected to grow at fast pace in the forecast period owing to its properties such as a foaming agent in polymer foams. Furthermore, the market has been segmented on the basis of concentration level 24%-35%, 40%-55%, 60%-85% and 100%. The structural foam wood grain furniture held the largest share of the hydrazine hydrate market and is expected to continue its dominance within the forecasted period. In addition, the hydrazine hydrate is largely used in the application of structural foam wood grain furniture which offers a wide scope to increase the consumption of hydrazine hydrate globally.

The geographic analysis of hydrazine hydrate market includes North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The Asia Pacific dominated the hydrazine hydrate market in 2016, followed by North America. Growing polymerization & blowing agent end-user industries are driving the hydrazine hydrate market in this region. The Asia Pacific is expected to register the fastest growth within the forecast period owing to the increased polymer and agrochemical industries in China, India and certain South East Asian countries.

The hydrazine hydrate market consists of a large number of players and is highly fragmented. Companies operating in this market include YAXING Chemical Co Ltd., Otsuka-MGC Chemical Company, Yibin Tianyuan Group Co. Ltd., Lonza Group Limited, Arkema SA, Weifang, and LANXESS. Other market participants functioning in the business are Tanshang Chen Hong Industrial Co., Ltd., Japan Fine Chemical Inc., Nippon Carbide Industries Co. Inc., and Hunan Zhuzhou Chemical Industry Group Company Ltd. among others.


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