Hydrazine Hydrate Market 2019 Global Market Challenge, Driver, Trends & Forecast to 2023

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Hydrazine Hydrate Market Research Report-Forecast
Till 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Hydrazine Hydrate Market - 2023
Hydrazine Hydrate Market Information by
Concentration level (24-35, 40-55, 60-85,
100), Application (Agrochemicals,
Pharmaceuticals, Polymerization and Blowing
Agents, Water Treatment), and Region
(Asia-Pacific, Europe)-Forecast till 2023 Market
Overview Hydrazine hydrate is a highly reactive,
inorganic chemical compound that is colorless and
has a pungent smell. Owing to its high reactive
property, the product is widely used in
polymerization and pharmaceuticals. It is mainly
used as a foaming agent in polymer foams and in
the manufacturing of pyrazole and its derivatives
in agrochemicals. Furthermore, it is also used to
treat tuberculosis. Increasing demand for
hydrazine hydrate and its derivatives in
polymerization and blowing agents, and
pharmaceuticals is expected to drive the global
market growth. Growing demand for hydrazine
hydrate in fertilizers and plastic products is
further expected to drive the global market
growth. There is an increasing demand for the
product in agrochemicals to increase the crop
yield and enhance the quality of agricultural
products, which is favoring the market growth.
Owing to its properties such as alkalinity,
low-cost, and easy availability, hydrazine
hydrate is considered as a favorable substitute
for hydrogen and oxygen in fuel cell production,
which provides lucrative opportunities to the
market players. There is a growing demand for
substitute chemicals such as Diethyl-hydroxylamine
and 1-Amino-pyrrolizidine in water treatment
which poses a major challenge to hydrazine
hydrate market players. However, the carcinogenic
nature of hydrazine hydrate is likely to hamper
the market growth during the forecast period. The
National Institute for Occupational Safety and
Health (NIOSH), which provides safety and
exposure guidelines for the hydrazine hydrate
limit the use of this product globally.
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Hydrazine Hydrate Market - 2023
Regional analysis The global hydrazine hydrate
market has been analyzed for five regions, namely
Asia-Pacific, North America, Latin America,
Europe, and the Middle East Africa. The
Asia-Pacific market is projected to account for
the largest share and is expected to be the
fastest-growing due to the increasing consumer
demand for hydrazine hydrate in agrochemicals and
water treatment. China was the leading country in
this region, in 2017, due to a large consumer
base, increasing purchasing power, and growing
demand for pesticides and insecticides. The
European market held a significant market share
in 2017 due to the presence of leading
manufacturing companies, such as Arkema Group,
LANXESS, and Lonza. Germany, France, and
Switzerland are the major contributors to the
regional market growth. The North American market
is projected to grow at a healthy CAGR owing to
the surging demand for the product in
pharmaceuticals and polymerization and blowing
agent segments. The US and Canada are the major
countries attributing to the regional market
growth. The Latin American market is expected to
register moderate growth during the forecast
period. The market for Middle East Africa is
projected to witness sluggish growth during the
review period due to limited availability of raw
materials. Segmentation Analysis The global
hydrazine hydrate market has been segmented based
on concentration level, application, and
region. On the basis of concentration level, the
global hydrazine hydrate market has been
categorized into 24-35, 40-55, 60-85, and
100. By application, the global hydrazine
hydrate market has been segregated into
agrochemicals, pharmaceuticals, polymerization
and blowing agents, water treatment, and
others. The global hydrazine hydrate market has
been studied for five key regions - Asia-Pacific,
North America, Latin America, Europe, and the
Middle East Africa.
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Hydrazine Hydrate Market - 2023
Key Players Otsuka-MGC Chemical Company, Inc.
(Japan), Japan Finechem Inc. (Japan), NIPPON
CARBIDE INDUSTRIES CO., INC. (Japan), Arkema
Group (France), LANXESS (Germany), Lonza
(Switzerland), Weifang Yaxing Chemical Co., Ltd.
(China), Hunan Zhuzhou Chemical Industry Group
Co., Ltd. (China), Capot Chemical Co., Ltd.
(China), Anbros Consultants And Engineers.
(India), Arrow Fine Chemicals (India) are some of
the key players in the global hydrazine hydrate
market. Target Audience Raw material
suppliers Hydrazine hydrate manufacturers Traders,
distributors, and suppliers of hydrazine
hydrate Potential investors Government
bodies Research organizations
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