Hydrazine Hydrate Market Size, Share, Growth Report 2032

Hydrazine Hydrate Market

Hydrazine Hydrate Market by End User (Water Treatment, Pharmaceuticals, Polymerization & Blowing Agents, and Agrochemicals), By Concentration Level (24%-35%, 40%-55%, 60%-85%, and 100%): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-2713 Published Date: Jul-2021 Status : Published

The global Hydrazine hydrate market accounted for USD 452.4 Million in 2020 and is expected to reach USD 681.2 Million by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.

Hydrazine Hydrate Market: Overview     

The global Hydrazine hydrate market accounted for USD 452.4 Million in 2020 and is expected to reach USD 681.2 Million by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.      

Hydrazine Hydrate is extensively used as an intermediate for the synthesis of active ingredients in pharmaceuticals and agrochemicals as well as for the manufacturing of various derivatives. The other key applications are the treatment of wastewater and effluent in industrial boilers. Its applications in water treatment, aerospace, and pharmaceuticals are expected to gain substantially in the years ahead. Key players across the hydrazine hydrate market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the hydrazine hydrate market study. 

COVID-19 Impact Analysis  

The global hydrazine hydrate market has witnessed a slight decline in sales for the short term to the lockdown enforcement placed by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential, and theirs a surge in demand. The market would remain bullish in the upcoming year.

The significant decrease in the global Hydrazine hydrate market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

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Growth Factors

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.  

Report Scope:  

 

Segment Analysis Preview  

The hydrazine hydrate market is segmented on the basis of different end users including 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.

 In addition, the demand for different types of foam including polyolefin, phenolic, polyurethane, and polystyrene has been a major driver fueling the use of hydrazine hydrate as a blowing agent.

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Regional Analysis Preview  

The geographic analysis of hydrazine hydrate market includes North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

The Asia Pacific has been leading the worldwide hydrazine hydrate market and is anticipated to continue in the dominant position in the years to come, states the hydrazine hydrate market study. The rapidly growing agrochemical and polymer sectors in the countries such as India, China, and some of the South East Asian countries are the main factors behind the dominance of the Asia Pacific hydrazine hydrate market. The high number of market players headquartered in the Asia Pacific is another significant factor that is supporting this regional hydrazine hydrate market.

Key Market Players & Competitive Landscape

Some of the major players in the global hydrazine hydrate market include YAXING Chemical Co Ltd., Otsuka-MGC Chemical Company, Hunan Zhuzhou Chemical Industry Group, Yibin Tianyuan Group Co. Ltd., Lonza Group Limited, Nippon Carbide Industries Co. Inc., Tianyuan Group Co. Ltd, Arkema SA, and LANXESS among others.

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The global Hydrazine hydrate Market is segmented as follows:

By End users

  • Water Treatment
  • Pharmaceuticals
  • Polymerization & Blowing Agents
  • Agrochemicals

By Concentration levels

  • 24%-35%
  • 40%-55%
  • 60%-85%
  • 100%

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global Hydrazine hydrate Market was valued at USD 452.4 Million in 2020.

The global Hydrazine hydrate Market is expected to reach USD 681.2 Million by 2028, growing at a CAGR of 5.1% between 2021 to 2028.

Some of the key factors driving the global Hydrazine hydrate Market growth is an escalating demand for the product in the polymers and the growing application of the product across pharmaceuticals, agrochemical, water treatment and polymerization & blowing agent.

Asia Pacific has been leading the worldwide hydrazine hydrate market and is anticipated to continue on the dominant position in the years to come, states the hydrazine hydrate market study.

Some of the major players of global Hydrazine hydrate market YAXING Chemical Co Ltd., Otsuka-MGC Chemical Company, Hunan Zhuzhou Chemical Industry Group, Yibin Tianyuan Group Co. Ltd., Lonza Group Limited, Nippon Carbide Industries Co. Inc., Tianyuan Group Co. Ltd, Arkema SA, and LANXESS among others.

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