Detailed Study of Hydrazine Hydrate Market by Research Cosmos
Hydrazine Hydrate Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Hydrazine Hydrate Market was valued at USD 390 million in 2016 and projected to reach USD 430 million by 2021 growing at a CAGR of 6.69% during the forecast period 2016 to 2021.
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Hydrazine Hydrate Market Growth Drivers and Restraints:
The global hydrazine industry offers strong opportunities to market players, owing to fast growth in the global economy and disposable incomes. Furthermore, an array of applications of hydrazine in a wide range of products such as foamed core pipes, food containers, organic foam, wood grain furniture, and vinyl sheets is an added factor expected to propel this market growth. But, extreme toxicity of hydrazine is one of the important elements anticipated to pose a serious threat to the market. The global hydrazine market size is forecasted to tender various opportunistic growth prospects over the globe.
The health concern is expected to hinder the hydrazine market increase and pose challenges to industry members over the forecast period. Rising fuel cells demand and building hydrazine used in the pharmaceutical industry as an intermediate is expected to create new avenues and allow lucrative opportunities for industry participants over the projection period. Building blowing agents demand in the polymer industry is expected to create immense opportunities for industry members over the forecast period.
Furthermore, pharmaceuticals and filling agents’ applications promise a market increase for hydrazine. However, the rise in concerns related to the toxicity of hydrazine may change the market in the advanced and the developing countries, but investments in R&D in new green alternatives are expected present possibilities for growth in the future.
Geographical Analysis of Hydrazine Hydrate Market:
Asia Pacific accounted for the highest share of the global hydrazine market and is anticipated to grow at the highest CAGR between 2018 and 2022. Currently, China is the biggest market for hydrazine in the Asia Pacific and is expected to continue to lead until 2022. In China and India, the market is supposed to increase due to the increasing agrochemicals industry and fast economic growth. The need for fertilizers and pesticides in the Asia Pacific is higher as compared to other countries such as North America, Latin America, and Europe.
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Key Players of Hydrazine Hydrate Market:
Key players for the global hydrazine market are Otsuka-MGC Chemical Company, LANXESS, Lonza, Yaxing Chemical, HPLA Group, Yibin Tianyuan Group, and Hunan Zhuzhou Chemical Group.
Hydrazine Hydrate Market Segmentation:
By Product:
- 100% Hydrazine Hydrate
- 80% ~100% Hydrazine Hydrate
- ＜80% Hydrazine Hydrate
By Industry:
- Blowing Agents
- Pharmaceutical and Agricultural Chemicals
- Water Treatment
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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