Global Hydrazine Hydrate Market, By Application (Pharmaceuticals, Water Treatment, Polymerisation and Blowing Agents, Agrochemicals, Others), Concentration (24-35%, 40-50%, 60-85%, 100%) - Industry Trends and Forecast to 2023 to 2030.
Hydrazine Hydrate Market Analysis and Size
The essential factors contributing to the growth of the hydrazine hydrate market in the forecast period of 2023 to 2020 include the rise in demand for polymer foams in the polymer industry. The growing use of hydrazine hydrate for several applications such as for foamed core pipes, structural foam, food containers, agriculture activities, and others. Furthermore, the rising demand of agrochemicals, rising demand for high-quality agricultural products, is significantly contributing to the market’s growth.
Data Bridge Market Research analyses that the hydrazine hydrate market which was USD 503.14 million in 2022, is expected to reach USD 755.92 billion by 2030, growing at a CAGR of 5.22% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Hydrazine Hydrate Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Pharmaceuticals, Water Treatment, Polymerisation and Blowing Agents, Agrochemicals, Others), Concentration (24-35%, 40-50%, 60-85%, 100%)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Arkema (France), Bayer AG (Germany), Fison (U.K.), Arrow Fine Chemicals (India), NIPPON CARBIDE INDUSTRIES CO., (Japan), Japan Finechem Inc. (Japan), LANXESS (Germany), Lansdowne Chemicals Plc (U.K.), Chemtex Specialty Limited. (India), Palm Commodities International LLC (U.S.), Sandrine Corporation (U.S.), Charkit Chemical Company LLC (U.S.), BOC Sciences (U.S.), GFS Chemicals Inc., (U.S.), Chemicals Incorporated (U.S.), Haviland USA (U.S.), Layson Bio, Inc. (U.S.), Spectrum Chemical (U.S.), Mil-Spec Industries, Inc. (U.S.)
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Market Opportunities
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Market Definition
Hydrazine hydrate is a very reactive chemical compound that is colourless and has a pungent smell. It is majorly used in polymerization, the pharmaceutical industry, and for the treatment of water. It is widely used as a foaming agent in the polymer industry for producing polymers. Hydrazine hydrate is used as rocket fuel and it is also used for the preparation of gas precursors used in automobiles. In addition, hydrazine is used in space vehicles as a propellant for reducing the concentration of dissolved oxygen.
Global Hydrazine Hydrate Market Dynamics
Drivers
- Increasing demand from the agrochemical industry
Hydrazine hydrate is widely used in the manufacturing of various agrochemical-based products such as hydrogels, pesticides, and regulators which are used for improving the production of the crop. Population is rapidly increasing across the globe which is increasing the demand of food which requires high production yield. This is rising the demand for pesticides and fertilizers for high production, which is further fuelling the demand for hydrazine hydrate and driving the market’s growth.
- Increasing demand in the water treatment industry
The demand for hydrazine hydrate is growing in the water treatment industry. Hydrazine hydrate is very useful for water treatment, it easily removes all the contaminants and heavy metals from water. Along with this it also provides high productivity and reliability for water treatment. The demand for clean water is growing globally due to the less availability of water. Therefore, wastewater is treated, and the treatment of wastewater uses hydrazine hydrate which drives the market’s growth.
Opportunities
- Growing demand for polymerization and blowing agents
There is an increasing demand for hydrazine hydrate for polymer foams. Hydrazine hydrates derivatives such as azobisisobutyronitrile and azodicarbonamide are widely used as polymerization and blowing agents. Therefore, increasing the need for hydrazine hydrate in the polymer sector for several processes and the production of polymer foams is significantly contributing to the market’s growth.
- Increasing the use of hydrazine hydrate in fuel cells
There is an increasing need to reduce carbon emissions into the atmosphere for a clean and safe environment, there is increasing demand for hydrazine hydrate-based fuel cells among people. In addition, hydrazine hydrates have a major application in fuel cells they are used as a significant substitute for hydrogen and oxygen. Therefore, the increasing demand for hydrazine hydrate in fuel cells is further contributing to the market’s growth.
Restraints/Challenges
- Ecological challenges
Hydrazine hydrate is majorly released in water, air, and soil. Hydrazine hydrate is carcinogenic and it is harmful to aquatic organisms and plant life. The degradation of hydrazine in water can be slow, it depends on the conditions of the environment. The contamination of soil, water, and the atmosphere is major because of the transport, storage, and waste disposal of hydrazine hydrate. Thus, ecological challenges are majorly hindering the market’s growth.
- Harmful properties of hydrazine hydrate
Hydrazine hydrate is a very strong reducing agent, it is highly reactive and unstable. Hydrazine hydrate is considered to be explosive when it is kept in an unstable state. In addition, the inhalation of hydrazine hydrate is hazardous to the lungs, liver and thyroid, spleen in animals chronically (long-term) is witnessed due to hydrazine hydrate. Therefore, the harmful properties of hydrazine hydrate are hindering the market’s growth.
This hydrazine hydrate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hydrazine hydrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In September 2022, Lonza Group, announced the completion of the expansion of its Highly Potent API (HPAPI) multipurpose suite in Visp (CH). The expansion adds development and manufacturing capacity for ADC payloads, which supports the entire development and manufacturing pipeline from feasibility studies to the commercial supply.
- In May 2022, Lanxess AG has made a partnership with Provivi Inc. to scale up the production of pheromone products, through its Saltigo business unit. This partnership would create a number of opportunities for the market’s growth.
Global Hydrazine Hydrate Market Scope
The hydrazine hydrate market is segmented on the basis of application and concentration. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Pharmaceuticals
- Water Treatment
- Polymerisation and Blowing Agents
- Agrochemicals
- Others
Concentration
- 24-35%
- 40-50%
- 60-85%
- 100%
Global Hydrazine Hydrate Market Regional Analysis/Insights
The hydrazine hydrate market is analysed and market size insights and trends are provided by application and concentration as referenced above.
The countries covered in the hydrazine hydrate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the hydrazine hydrate market as the region has the largest consumption from countries, such as China and India as both the countries have the largest agricultural areas worldwide. Hydrazine is widely used in the pharmaceutical industry of the region. Along with this, the increasing use of hydrazine hydrate for refining and purification process is contributing to the market’s growth in the region.
North America is expected to grow during the forecast period of 2023 to 2030 due to the increasing demand in pharmaceuticals and polymerization and blowing agent. The growing use of hydrazine hydrate in US and Canada for water treatment and agrochemicals is further fuelling the market’s growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Hydrazine Hydrate Market Share Analysis
The hydrazine hydrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydrazine hydrate market.
Some of the major players operating in the hydrazine hydrate market are:
- Arkema (France)
- Bayer AG (Germany)
- Fison (U.K.)
- Arrow Fine Chemicals (India)
- NIPPON CARBIDE INDUSTRIES CO., (Japan)
- Japan Finechem Inc. (Japan)
- LANXESS (Germany)
- Lansdowne Chemicals Plc (U.K.)
- Chemtex Specialty Limited. (India)
- Palm Commodities International, LLC (U.S.)
- Sandrine Corporation (U.S.)
- Charkit Chemical Company LLC (U.S.)
- BOC Sciences (U.S.)
- GFS Chemicals Inc., (U.S.)
- Chemicals Incorporated (U.S.)
- Haviland USA (U.S.)
- Layson Bio, Inc. (U.S.)
- Spectrum Chemical (U.S.)
- Mil-Spec Industries, Inc. (U.S.)
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