The global hydrazine hydrate market is featured by a consolidated vendor landscape, says a news report by Transparency Market Research (TMR). In 2015, Otsuka-MGC, Arkema SA, Weifang YAXING Chemical, Yibin Tianyuan, Lonza Group, and LANXESS were part of the leading faction in the market, which accounts for 50% of the market.

Some other players in the global hydrazine hydrate market include Japan FineChem Inc., Nippon Carbide Industries Co. Inc., and Hunan Zhuzhu Chemical Industry Group Co. Ltd among others.

According to the report, the global market for hydrazine hydrate was worth US$350.0 mn in 2013 and is expected to be worth US$536.3 mn by the end of 2022. If the figure holds true, the market will display a CAGR of 4.9% between 2014 and 2022.

Large-scale Use in Polymer Industry Fuels Growth of Asia Pacific Market

The segment of polymerization and blowing agents stood as the leading end-user segment with a share of more than 35% in the overall market in 2013. The segment is expected to display the fastest growth rate in the market at a CAGR of 4.3% between 2013 and 2020. The segments of water treatment and agrochemicals are also expected to constitute significant shares in the market over the forecast horizon. Production of intermediates for insecticides and fungicides is expected to fuel the demand for hydrazine hydrate in the agrochemicals sector.

The global hydrazine hydrate market can be divided into the regional markets of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. In 2013, Asia Pacific stood as the leading regional segment for hydrazine hydrate with a share of more than 55% in the global market. The growth of this regional market is mainly attributed to the large-scale use of hydrazine hydrate as a blowing agent in the polymer industry. In addition, the increasing use of hydrazine hydrate and its derivatives as foaming agents in the plastic industry also significantly accounts for the dominance of this region. To cater to this demand, China-based manufacturers of hydrazine hydrate are expanding their production capacities for hydrazine hydrate, which is majorly used in the manufacture of azodicarbonamide used in the polymer industry.

North America and Europe markets for hydrazine hydrate are expected to rise at a moderate pace due to environmental concerns and carcinogenic characteristic of hydrazine hydrate. The Latin America market for hydrazine hydrate is estimated to display growth at a considerable pace due to the rising demand for hydrazine hydrate in agrochemicals and water treatment procedures. The Middle East and Africa is expected to display similar trend due to the rising demand from agrochemicals and polymer industries.

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Demand from Several End-use Industries Fuels Market Growth

The global hydrazine hydrate market is driven by the rising demand for hydrazine hydrate and its derivatives for manufacture of intermediates in the agrochemical industry, for water treatment procedures, and in the polymer industry. However, the toxicity of hydrazine hydrate for humans limits its usage and thus challenges the growth of this market to some extent. The potential application of hydrazine hydrate in fuel cells as an effective substitute to hydrogen is expected to present gainful opportunities to the global hydrazine hydrate market.