Hydrazine Hydrate Market Analysis | 2023-2028

Market Insights

"The global hydrazine hydrate market is estimated to grow from USD 237.19 million in 2023 and is likely to grow at a CAGR of 5.70% during 2023-2028 to reach USD 312.95 million by 2028."

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What is hydrazine hydrate?

Hydrazine hydrate is a colorless flammable liquid, generally made by the reaction of sodium hypochlorite and ammonia or urea. It is utilized widely as a reducing agent, corrosion inhibitor, and blowing agent. It is a colorless liquid with a strong ammonia-like odor. It is a solution of hydrazine (N2H4) in water, typically containing 35-64% hydrazine by weight. Hydrazine hydrate is a highly toxic and corrosive substance, and it must be handled with care.

Market Dynamics

The use of hydrazine hydrate is constantly increasing because of its application as a reductant in water treatment, pharmaceutical, agronomics, and polymer synthesis industries. High-purity hydrazine hydrate finds usage in the synthesis of high-performance polymers and agrochemicals which is fueling the growth. Also, usage for fuel cells and space propulsion causes market relations in the context of the niche’s definition. However, hazards such as environmental and safety concerns due to the toxicity of the substance and increased place regulation give problems. Presently the Asia-Pacific region especially China and India represents the largest market as a result of rapid industrialization, a growing chemical industry, and favorable political policies towards the manufacturing and exporting of chemicals.

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Segments Analysis

End-User Trends

"The polymerization & blowing agents segment accounted for the largest market share."

The market is segmented into water treatment, pharmaceuticals, agrochemicals, polymerization & blowing agents, and others. The polymerization & blowing agents segment is estimated to be the largest segment of the market in 2022, owning the rising demand for polymer products in various applications such as automobiles and electronic gadgets. In addition, the agrochemicals segment is also estimated to witness significant growth in the market owing to the rising global population and their nutritional requirements, fueling the overall industry growth during the forecast period.

Region Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is expected to account for the largest share of the market in 2022 & is expected to grow at a robust CAGR during the forecast period, with increasing demand for hydrazine hydrate in the polymer and agrochemical industries, with China and India being the major countries driving the regional market's growth. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.

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Key Players

Some of the key players in the global hydrazine hydrate market are:

• Arkema SA
• Hunan Zhuzhou Chemical Industry Group Co. Ltd.
• Japan FineChem Co. Inc.
• LANXESS AG
• Lonza Group Ltd.
• Nippon Carbide Industries Co., Inc.
• Otsuka-MGC Chemical Company, Inc.
• Tanshang Chen Hong Industrial Co., Ltd.
• Weifang Yaxing Chemical Co., Ltd.
• Yibin Tianyuan Group Co., Ltd.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The hydrazine hydrate market is segmented into the following categories:

By End-User Type

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

By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.