Hydrazine Hydrate Market Trends & Forecast | 2028

Market Insights

The 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 hydrazine hydrate market is driven by a host of factors, some of which are noted below:

• Increasing demand from the polymer industry: Hydrazine hydrate is used as a polymerization initiator and blowing agent in the production of polymers, such as polyurethane, polyvinyl chloride (PVC), and polyethylene (PE). The growing demand for polymers in various end-user industries, such as construction, automotive, and electronics, is driving the demand for hydrazine hydrate.
• Rising water treatment needs: Hydrazine hydrate is used as an oxygen scavenger and corrosion inhibitor in water treatment systems. The increasing demand for clean water and growing wastewater treatment infrastructure is fueling the demand for hydrazine hydrate in the water treatment industry.
• Growing agrochemical industry: Hydrazine hydrate is used in the production of pesticides, herbicides, and fertilizers. The expanding agrochemical industry is driving the demand for hydrazine hydrate in the agricultural sector.
• Government support for the chemical industry: Governments in many countries are providing financial incentives and other support measures to promote the growth of the chemical industry. This is expected to have a positive impact on the demand for hydrazine hydrate.
• Increasing urbanization: Rapid urbanization is leading to increased demand for infrastructure, housing, and consumer goods. This is driving the demand for polymers, chemicals, and other products that use hydrazine hydrate as a raw material.

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Segments Analysis

End-User Trends

The market is segmented as 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 Analysis

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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Segmentation

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

Key Players

Some of the key players in the 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.

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 the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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?

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)

Market Segmentation

• Current market segmentation by any one of the end-user types by country. 

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 at sales@stratviewresearch.com.