Hydrazine Hydrate Market by Concentration Level (24%-35%, 40%-55%, 60%-85% & 100%), Application (Polymerization & Blowing Agents, Pharmaceuticals, Agrochemicals, Water) - Global Forecast to 2027
PR Newswire
DUBLIN, May 26, 2023
DUBLIN, May 26, 2023 /PRNewswire/ -- The "Hydrazine Hydrate Market by Concentration Level (24%-35%, 40%-55%, 60%-85% & 100%), Application (Polymerization & Blowing Agents, Pharmaceuticals, Agrochemicals, Water Treatment), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The hydrazine hydrate market is estimated to grow from USD 222 million in 2021 to USD 308 million by 2027, at a CAGR of 5.8%
The rising demand from agrochemicals industry is driving the demand for hydrazine hydrate. Manufacturers are integrating technologies to improve the quality of hydrazine hydrate.
100% concentration level of the hydrazine hydrate market is expected to be the fastest-growing concentration level type, in terms of value, during the forecast period.
100% concentration level segment is estimated to behold the fastest growth in terms of value and volume during the forecast period. It is used in cyclization reaction, in nanocrystal semiconductors, as a reducing agent in the pharma industry, and in the production of several chemicals. It is also used as an active ingredient in the agrochemical industry and as fuel in hypergolic bipropellant combinations.
Asia Pacific is the largest and projected to be the fastest growing region for the hydrazine hydrate market, in terms of value, during the forecast period
Due to increasing population and rapidly expanding polymer and agrochemical sectors, the Asia Pacific hydrazine hydrate market is projected to grow at the highest CAGR during the forecast period. Additionally, favorable government initiatives in nations like India, China, and Japan will promote demand for the hydrazine hydrate market.
Competitive landscape
The key players profiled in the report include Arkema S.A. (France), LANXESS AG (Germany), Lonza Group AG (Switzerland), LGC Science Group Holdings Limited (UK), and Nippon Carbide Industries Co., Inc. (Japan).
Premium Insights
- Moderate Growth in Hydrazine Hydrate Market During Forecast Period
- China Led Asia-Pacific Hydrazine Hydrate Market in 2021
- Asia-Pacific to be Largest Market for Hydrazine Hydrate Market During Forecast Period
- Polymerization and Blowing Agents Accounted for Largest Market Share in 2021
- India to be the Fastest-Growing Market During Forecast Period
Market Dynamics
Drivers
- Rising Demand for Polymer Foams
- Growing Demand in Agrochemical Industry
- Expanding Pharmaceuticals Sector
Restraints
- Toxic and Carcinogenic Properties Affecting Demand in Various Applications
- Availability of Substitutes in Water Treatment Application
Opportunities
- Opportunities for the Use of Hydrazine Hydrate in Fuel Cells
Challenges
- Environmental Challenges
- Hazards Associated with the Use of Hydrazine
Industry Trends
Supply Chain Analysis
- Raw Material Supplier
- Manufacturer
- Distribution to End-users
Trends/Disruptions Impacting Customers' Businesses
- Revenue Shift & Revenue Pockets for Hydrazine Hydrates
Connected Markets: Ecosystem
Technology Analysis
- Alternative to Urea-based Technology Using Environmentally Friendly Ammonia and Hydrogen Peroxide
Case Studies
- Filtration of Hydrazine Hydrate Waste Salt Using Water Washing-based Integrated Technique for Producing Sodium Hydrate Via Ion-Exchange Membrane Electrolysis
Company Profiles
Major Players
- Lanxess AG
- Arkema SA
- Lonza Group AG
- Hpl Additives Limited
- Weifang Yaxing Chemical Co. Ltd.
- Otsuka-Mgc Chemical Company, Inc.
- Yibin Tianyuan Group Co. Ltd.
- Lgc Science Group Holdings Limited
- Hunan Zhuzhou Chemical Industry Group Co. Ltd.
- Nippon Carbide Industries Co. Inc.
Other Key Players
- Dayangh Chem (Hangzhou) Co. Ltd.
- Japan Finechem Company, Inc.
- Tangshan Chenhong Industrial Co. Ltd.
- Jinan Forever Chemical Co. Ltd.
- Capot Chemical Co. Ltd.
- Chongqing Chemical Medicine Holdings (Group) Co. Ltd.
- Hummel Croton Inc.
- Universal Oil Field Chemicals Pvt. Ltd.
- Nanjing Benzhi Chemical Co. Ltd.
- Dubi Chem Marine International Est
- Avanschem
- Triangulum Chemicals Private Limited
- Oqema Ltd.
- Arihant Chemical
- Chemtex Speciality Limited
For more information about this report visit https://www.researchandmarkets.com/r/fldst6
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