Dublin, May 29, 2023 (GLOBE NEWSWIRE) -- The "Hydrazine Hydrate Market by Concentration Level (24%-35%, 40%-55%, 60%-85% & 100%), Application (Polymerization & Blowing Agents, Pharmaceuticals, Agrochemicals, Water Treatment), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
In terms of value, the hydrazine hydrate market is estimated to grow from USD 222 million in 2021 to USD 308 million by 2027, at a CAGR of 5.8%. The rising demand from agrochemicals industry is driving the demand for hydrazine hydrate. Manufacturers are integrating technologies to improve the quality of hydrazine hydrate.
100% concentration level of the hydrazine hydrate market is expected to be the fastest-growing concentration level type, in terms of value, during the forecast period.
100% concentration level segment is estimated to behold the fastest growth in terms of value and volume during the forecast period. It is used in cyclization reaction, in nanocrystal semiconductors, as a reducing agent in the pharma industry, and in the production of several chemicals. It is also used as an active ingredient in the agrochemical industry and as fuel in hypergolic bipropellant combinations.
Asia Pacific is the largest and projected to be the fastest growing region for the hydrazine hydrate market, in terms of value, during the forecast period
Due to increasing population and rapidly expanding polymer and agrochemical sectors, the Asia Pacific hydrazine hydrate market is projected to grow at the highest CAGR during the forecast period. Additionally, favorable government initiatives in nations like India, China, and Japan will promote demand for the hydrazine hydrate market.
Market Dynamics
Drivers
- Rising Demand for Polymer Foams
- Growing Demand in Agrochemical Industry
- Expanding Pharmaceuticals Sector
Restraints
- Toxic and Carcinogenic Properties Affecting Demand in Various Applications
- Availability of Substitutes in Water Treatment Application
Opportunities
- Opportunities for the Use of Hydrazine Hydrate in Fuel Cells
Challenges
- Environmental Challenges
- Hazards Associated with the Use of Hydrazine
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 217 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $222 Million |
| Forecasted Market Value (USD) by 2027 | $308 Million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Hydrazine Hydrate Market, by Concentration Level
7.1 Introduction
7.2 24%-35%
7.2.1 Rising Demand from Water Treatment Plants to Influence Market Growth Significantly
7.3 40%-55%
7.3.1 Growing Demand for Hydrazine Hydrate from Agrochemical and Polymer Applications to Drive Market
7.4 60%-85%
7.4.1 Hydrazine Hydrate and Its Derivatives Increasingly Used in Pharmaceuticals
7.5.1 Developing Chemical and Polymer Industries in Asia-Pacific to Boost Growth of 100% Concentrated Hydrazine Hydrate Market
8 Hydrazine Hydrate Market, by Application
8.1 Introduction
8.2 Polymerization & Blowing Agents
8.2.1 Rising Demand from Asia-Pacific to Influence Market
8.3 Pharmaceuticals
8.3.1 Growing Demand from Healthcare Sector to Impact Market
8.4 Agrochemicals
8.4.1 Increasing Demand for Crop Protection to Influence Market
8.5 Water Treatment
8.5.1 Rising Urbanization in Developing Countries to Drive Market
8.6 Others
9 Hydrazine Hydrate Market, by Region
10 Competitive Landscape
11 Company Profiles
12 Adjacent and Related Markets
13 Appendix
Companies Mentioned
- Arihant Chemical
- Arkema SA
- Avanschem
- Capot Chemical Co. Ltd.
- Chemtex Speciality Limited
- Chongqing Chemical Medicine Holdings (Group) Co. Ltd.
- Dayangh Chem (Hangzhou) Co. Ltd.
- Dubi Chem Marine International Est
- Hpl Additives Limited
- Hummel Croton Inc.
- Hunan Zhuzhou Chemical Industry Group Co. Ltd.
- Japan Finechem Company, Inc.
- Jinan Forever Chemical Co. Ltd.
- Lanxess AG
- Lgc Science Group Holdings Limited
- Lonza Group AG
- Nanjing Benzhi Chemical Co. Ltd.
- Nippon Carbide Industries Co. Inc.
- Oqema Ltd.
- Otsuka-Mgc Chemical Company, Inc.
- Tangshan Chenhong Industrial Co. Ltd.
- Triangulum Chemicals Private Limited
- Universal Oil Field Chemicals Pvt. Ltd.
- Weifang Yaxing Chemical Co. Ltd.
- Yibin Tianyuan Group Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ua8trt
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