Hydrazine Hydrate Market is projected to reach USD 531.1 Million by 2022


Posted December 28, 2018 by Chemical-Research-Expert

Based on concentration level, the 60%-85% segment is projected to grow at the highest CAGR between 2017 and 2022.

 
The report "Hydrazine Hydrate Market by Concentration Level (24%-35%, 40%-55%, 60%-85%, and 100%), Application (Polymerization & Blowing Agents, Agrochemicals, Water Treatment, Pharmaceuticals), and Region - Global Forecast to 2022", The global hydrazine hydrate market was valued at USD 395.7 Million in 2016 and is projected to reach USD 531.1 Million by 2022, at a CAGR of 5.5% from 2017 to 2022.

The market is driven by the increased demand for hydrazine hydrate from various applications, such as polymerization & blowing agents, agrochemicals, water treatment, and pharmaceuticals. The increasing use of hydrazine hydrate and its derivatives as foaming agents in the plastic industry also acts as a major factor driving the global hydrazine hydrate market.

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Scope of the Report:

This research report categorizes the global hydrazine hydrate market on the basis of concentration level, application, and region.

On the basis of Concentration Level:

24-35%
40-55%
60-85%
100%
On the basis of Application:

Polymerization & Blowing Agents
Water Treatment
Agrochemicals
Pharmaceuticals
Others
On the basis of Region:

North America
Europe
Asia Pacific
South America
Middle East & Africa
In 2016, the polymerization & blowing agents segment accounted for the largest market share of the global hydrazine hydrate and is expected to continue to lead during the forecast period. With growing demand for polymer products in various applications in automobile, electronic gadgets, and footwear industries, the demand for hydrazine hydrate in the polymers & blowing agents segment is likely to increase significantly in the coming years.

Based on concentration level, the 60%-85% segment is projected to grow at the highest CAGR between 2017 and 2022. The 60%-85% concentration level hydrazine hydrate is majorly used in chemical synthesis, manufacturing of veterinary drugs, polymerization process initiation, or as a blowing agent. It is expected to be the fastest-growing concentration level segment of the hydrazine hydrate market, in terms of value, during the forecast period due to its ability to manufacture hydrazine salts from inorganic acids.

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The value chain of the global hydrazine hydrate market includes sourcing of basic raw materials, manufacturing and supplying raw materials to hydrazine hydrate manufacturers, and usage of hydrazine hydrate in various applications. The raw materials for hydrazine hydrate are nitrogen and hydrogen gases. The major raw material suppliers include Praxair, Air Products, The Linde Group, Elgas Limited, and Air Liquide. The raw materials are used by various hydrazine hydrate manufacturers, which include Arkema, LANXESS, Lonza, Otsuka-MGC Chemical Company, Yaxing Chemical, Yibin Tianyuan Group, HPLA Group, and Hunan Zhuzhou Chemical Group.

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Issued By MarketsandMarkets
Phone 1-888-600-6441
Business Address 630 Dundee Road Suite 430
Northbrook, IL 60062
Country United States
Categories Science
Tags hydrazine hydrate , hydrazine hydrate industry , hydrazine hydrate market , hydrazine hydrate market research
Last Updated December 28, 2018