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.
Browse 147 Market Data Tables and 36 Figures spread through 159 Pages and in-depth TOC on “Hydrazine Hydrate Market”.
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.
Hydrazine hydrate is a highly reactive, powerful, colourless, and highly explosive unstable inorganic chemical compound. Owing to its high reactivity, hydrazine hydrate is used in various industrial applications. Hydrazine hydrate is used in polymerization & blowing agents, water treatment, agrochemicals, and pharmaceuticals applications. These applications drive the hydrazine hydrate market, globally.
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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.
Arkema is one of the major manufacturers of hydrazine hydrate. The company operates through three business segments, namely, high performance materials, industrial specialties, and coating solutions. The company offers hydrazine hydrate through its industrial specialties business segment. Arkema manufactures hydrazine hydrate at its Lannemezan plant (France). The company has a widespread presence and distribution networks in Asia Pacific, Europe, Middle East & Africa, and the Americas.
Lonza is also one of the major producers of hydrazine hydrate and supplies various concentration grades such as 35%, 51.2%, 54.4%, 64%, 98%, and 99%. It operates its business through two segments namely, Pharma&Biotech and Specialty Ingredients segments. The company manufactures hydrazine hydrate through the Specialty Ingredients segment. Hydrazine hydrate manufactured by the company find applications in water treatment, pharmaceuticals, lubricants, and other industrial uses. For the last six decades, the company has been supplying propellant-grade hydrazine to the US government for use in aircraft, launch vehicles, and satellites.
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